UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): August 24, 2022 |
Amtech Systems, Inc.
(Exact name of Registrant as Specified in Its Charter)
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Arizona | 000-11412 | 86-0411215 |
(State or Other Jurisdiction
of Incorporation) | (Commission File Number) | (IRS Employer
Identification No.) |
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131 S. Clark Drive | |
Tempe, Arizona | | 85288 |
(Address of Principal Executive Offices) | | (Zip Code) |
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Registrant’s Telephone Number, Including Area Code: (480) 967-5146 |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
| | Trading
Symbol(s) | |
Name of each exchange on which registered
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Common Stock, par value $0.01 per share | | ASYS | | NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 24, 2022, Mr. Sukesh Mohan informed the Board of Directors of Amtech Systems, Inc. (the “Company”) that he would not stand for election as a director at the Company’s 2023 annual meeting of shareholders. His decision not to stand for election was not due to any disagreement with respect to the operations, policies or practices of the Company. The Company thanks Mr. Mohan for his many significant contributions to the Company.
The nominating and corporate governance committee of the Board of Directors will immediately begin searching for new director candidates to succeed Mr. Mohan and to fill the pending vacant director seat left by Mr. Jong S. Whang’s previously announced retirement from the Company’s Board of Directors on December 31, 2022. Following Mr. Whang’s departure, the Company’s Board of Directors will remain majority independent, with all of its committees comprised of at least three independent directors under the relevant definitions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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| | | AMTECH SYSTEMS, INC. |
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Date: | August 26, 2022 | By: | /s/ Lisa D. Gibbs |
| | | Name: Lisa D. Gibbs
Title: Vice President and Chief Financial Officer |
