Intevac Inc. announced it has reached a settlement agreement with Voce Capital Management LLC and its affiliates. Under the agreement, Intevac has appointed Marc T. Giles to the Board effective immediately, and Mr. Giles will be included in Intevac's slate of director nominees for election at the 2014 Annual Meeting of Stockholders. With the addition of Mr. Giles, the Board has been expanded to nine directors, seven of whom are independent.

Marc T. Giles was the President and Chief Executive Officer of Gerber Scientific Inc. from 2001 until February 2012, and provided transitional executive services to Gerber Scientific through his retirement on December 31, 2012.