Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 26, 2009, Advanced Energy Industries, Inc. (the "Company") approved, effective January 1, 2010, the reversal of the 15% reductions in annual base salaries of its executive officers and other employees which had been implemented in October 2008 and March 2009. In addition, the increase in annual base salary for Yuval Wasserman, approved by the Company in April 2009 in connection with his promotion to Chief Operating Officer but delayed subject to reversal of the 15% reductions in executive officers' base salary, will be effective as of January 1, 2010. As a result, as of January 1, 2010, the annual base salaries for the executive officers of the Company will be as follows: Hans Georg Betz, President and Chief Executive Officer, $573,000; Yuval Wasserman, Executive Vice President and Chief Operating Officer, $340,000; and Lawrence Firestone, Executive Vice President and Chief Financial Officer, $295,000. All other elements of such officers' compensation remain unchanged. Item 8.01 Other Events.
On October 27, 2009, the Company approved, effective January 1, 2010, the reversal of the 10% reduction in Board of Director fees which had been implemented in December 2008.

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