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Last $9.30 USD
Change Today +0.08 / 0.87%
Volume 1.1M
ARAY On Other Exchanges
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

accuray inc (ARAY) Snapshot

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52 Week High
04/1/14 - $9.80
52 Week Low
10/30/14 - $5.99
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accuray inc (ARAY) Related Businessweek News

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accuray inc (ARAY) Details

Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body. Its CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, as well as enables delivery of precise, high dose radiation while patients breathe normally. The company also offers the TomoTherapy System, which consists of an integrated and versatile radiation therapy system used for the treatment of a range of cancer types. Accuray Incorporated markets its products in the United States directly, as well as through a sales agent and group purchasing organizations; and directly and through distributors in Europe, Japan and rest of Asia, South America, and internationally to hospitals and stand-alone treatment facilities. The company was incorporated in 1990 and is headquartered in Sunnyvale, California.

1,026 Employees
Last Reported Date: 08/29/14
Founded in 1990

accuray inc (ARAY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $637.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $293.0K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $368.1K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $330.6K
Compensation as of Fiscal Year 2014.

accuray inc (ARAY) Key Developments

Accuray Incorporated Approves the Amendment and Restatement of the Amended and Restated Bylaws

Accuray Incorporated announced that on March 19, 2015, the company's Board of Directors approved the amendment and restatement of the company's amended and restated Bylaws. The Bylaws were amended and restated to provide the following, among other things: (a) With respect to proposals and director nominations brought before a meeting by stockholders. (b) The Amended Bylaws clarify when an election is deemed to be contested. (c) The Amended Bylaws provide a more detailed framework for the chairperson and secretary of any stockholder meeting, except to the extent inconsistent with rules adopted by the Board, to regulate the conduct of stockholder meetings. (d) The company's Certificate of Incorporation provided that directors may be removed (i) for cause by affirmative vote of a majority of the outstanding stock entitled to vote at an election of directors, and (ii) without cause by an affirmative vote of 66 2/3% of the outstanding stock entitled to vote at an election of directors. Notwithstanding that provision, the company's Bylaws had provided that the directors may only be removed for cause, purporting to be more restrictive. The Amended Bylaws conforms the Bylaws to the company's Certificate of Incorporation to provide that, any director may be removed (i) for cause by affirmative vote of a majority of the outstanding stock entitled to vote at an election of directors, and (ii) without cause by an affirmative vote of 66 2/3% of the outstanding stock entitled to vote at an election of directors. (e) The Amended Bylaws provide that in certain cases where a communication is required, notice by electronic means shall be sufficient to fulfill the requirement. (f) The Amended Bylaws set out procedural matters relating to contracts or transactions involving interested directors consistent with applicable law. (g) Finally, the Amended Bylaws include a new Article X.

Accuray and Christie InnoMed Sign Exclusive Sales Agent Agreements for Radiation Therapy Systems in Canada

Accuray Incorporated and Christie InnoMed Inc. announced that they have entered into sales agent agreements involving the CyberKnife® and TomoTherapy® System product portfolios in Canada. Under the terms of these agreements, Christie InnoMed will be the exclusive sales agent for Accuray products in this region.

Accuray Incorporated Completes First Patient Treatment Using the CyberKnife® M6™ System with the InCise™ Multileaf Collimator

Accuray Incorporated announced that the first patient treatment has been completed using the CyberKnife® M6™ System with the InCise™ Multileaf Collimator (MLC). The treatment was administered as a multidisciplinary effort between Dr. Steven Burton from the Department of Radiation Oncology and Dr. Johnathan Engh from the Department of Neurosurgery at UPMC in Pittsburgh, Pennsylvania. UPMC was one of the InCise MLC evaluation sites working in collaboration with Accuray. The M6 Series delivers radiosurgery and stereotactic body radiation therapy, enabling precise, high-quality dose distributions to be confidently administered to the patient with extreme accuracy over a minimum number of treatments, reducing side effects and preserving patients' quality of life. The system is able to adjust and automatically stay on target in real-time, accounting for patient and tumor motion. CyberKnife is the only robotic radiosurgery system available which delivers such high precision treatments for intra- and extra-cranial disease sites throughout the body.


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