Asyst (ASYT) 10-K/A 2006 FY Annual report (amended)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Form 10-K/A
Amendment No. 1

(Mark One)

þ	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the fiscal year ended March 31, 2006
	or
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 0-22430

Asyst Technologies, Inc.

(Exact name of registrant as specified in its charter)

California	94-2942251
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

46897 Bayside Parkway, Fremont, California 94538
(Address of principal executive offices)

(510) 661-5000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange on Which Registered
Common Stock	The NASDAQ Stock Market LLC
	(NASDAQ Global Market)

Securities registered pursuant to Section 12(g) of the Act:
None

     Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o     No þ

     Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o     No þ

     Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes o     No þ

     Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.þ

     Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o          Accelerated filer þ          Non-accelerated filer o

     Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o     No þ

     The aggregate market value of the voting and non-voting common equity held by non-affiliates as reported by the NASDAQ Global Market (known as the NASDAQ National Market prior to July 1, 2006) as of the last business day (September 29, 2006) of the registrant’s most recently completed second fiscal quarter was $250,931,000, and as of the last business day (September 30, 2005) of the registrant’s fiscal 2006 second quarter was $223,507,000.

     There were 48,977,188 shares of common stock, no par value, outstanding as of September 30, 2006.

ASYST TECHNOLOGIES, INC.

Explanatory Note:

This Form 10-K/A amends Item 15 and the exhibits in our Annual Report on Form 10-K for the year ended March 31, 2006, originally filed with the Securities and Exchange Commission on October 13, 2006. The Item 15 list of exhibits and Exhibit Index in that report did not include an Exhibit 23.1 — Consent of Independent Registered Public Accounting Firm. We expect to receive and file that consent in the near future following our filing of a Form 8-K/A to include pro forma financial statements for a previously reported acquisition. However, the exhibit text in the Form 10-K inadvertently included a draft form of consent dated June 14, 2006, which form of consent should not be relied upon, and has not been relied upon by Asyst, in connection with any registration statements listed in that erroneously filed form. We are filing herewith currently dated certifications in Exhibits 31.1, 31.2 and 32.1, as listed in the exhibit index below. Except as described above, no other changes have been made to the original filing of that Annual Report, and this Form 10-K/A does not amend or update any other information contained in that original filing.

PART IV

Item 15 —Exhibits and Financial Statement Schedules

     (a) The following documents are filed as part of this Annual Report on Form 10-K

     (1) Financial Statements

See Index to Consolidated Financial Statements under Item 8 on page 43 of the originally filed Annual Report on Form 10-K.

     (2) Financial Statement Schedule

See Index to Consolidated Financial Statements under Item 8 on page 43 of the originally filed Annual Report on Form 10-K.

     (3) Exhibits

The exhibit list in the Index to Exhibits below in this Amendment No. 1 is incorporated herein by reference as the list of exhibits required as part of this report, including the text of the listed exhibits previously filed but excluding the text of Exhibit 23.1 inadvertently included in our Form 10-K on October 13, 2006.

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SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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.

ASYST TECHNOLOGIES, INC.
By:	/s/ RICHARD H. JANNEY
	Richard H. Janney
	Interim Chief Financial Officer

Date: October 27, 2006

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EXHIBIT INDEX

		Incorporated by Reference
Exhibit							Filed
Number	Exhibit Description	Form	Ex. No.		File No.	Filing Date	Herewith
2.1‡	Share Purchase Agreement dated as of June 22, 2006, between Shinko Electric Co., Ltd., Asyst Technologies, Inc. and Asyst Japan Inc. The schedules to the Share Purchase Agreement are omitted but will be furnished to the Securities and Exchange Commission supplementally upon request.	8-K		2.1	000-22430	7/20/2006
3.1	Amended and Restated Articles of Incorporation of the Company.	S-1		3.1	333-66184	7/19/1993
3.2	Bylaws of the Company.	S-1		3.2	333-66184	7/19/1993
3.3	Certificate of Amendment of the Amended and Restated Articles of Incorporation, filed September 24, 1999.	10-Q		3.2	000-22430	10/21/1999
3.4	Certificate of Amendment of the Amended and Restated Articles of DEF Incorporation, filed October 5, 2000.	14A	App.		000-22430	7/31/2000
4.1	Rights Agreement among the Company and Bank of Boston, N.A., as Rights Agent, dated June 25, 1998.	8-K		99.2	000-22430	6/29/1998
4.2	Indenture dated as of July 3, 2001 between the Company, State Street Bank and Trust Company of California, N.A., as trustee, including therein the forms of the notes.	10-Q		4.3	000-22430	8/14/2001
4.3	Registration Rights Agreement dated as of July 3, 2001 between the Company and Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith, Incorporated, and ABN Amro Rothschild LLC.	10-Q		4.4	000-22430	8/14/2001
4.4	Amendment to Rights Agreement among the Company and Bank of Boston, N.A. as Rights Agent, dated November 30, 2001.	10-K		4.5	000-22430	6/28/2002
10.1*	Form of Indemnity Agreement entered into between the Company and certain directors.	S-1		10.1	333-66184	7/19/1993
10.2*	Company’s 1993 Stock Option Plan and related form of stock option agreement.	S-1		10.2	333-88246	2/13/1995
10.3*	Company’s 1993 Employee Stock Purchase Plan and related offering document.	S-1		10.3	333-66184	7/19/1993
10.4*	Company’s 1993 Non-Employee Directors’ Stock Option Plan and related offering document.	S-1		10.4	333-66184	7/19/1993
10.5	Hewlett-Packard SMIF License Agreement dated June 6, 1984.	S-1		10.5	333-66184	7/19/1993
10.6*	Employment Agreement between the Company and Stephen S. Schwartz, Ph.D., dated January 11, 2001.	10-K		10.27	000-22430	6/19/2001
10.7†	Agreement on Bank Transactions between Asyst Japan, Inc., or AJI, and Tokyo Mitsubishi Bank dated March 13, 2001.	10-Q		10.28	000-22430	8/14/2001
10.8†	Share Purchase Agreement between Shinko Electric Co., Ltd. and Asyst Japan Inc., dated as of May 24, 2002.	10-Q		10.38	000-22430	11/12/2002
10.9†	Shareholders Agreement between Shinko Electric Co., Ltd. and Asyst Japan Inc., dated as of May 24, 2002.	10-Q		10.39	000-22430	11/12/2002

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		Incorporated by Reference
Exhibit							Filed
Number	Exhibit Description	Form	Ex. No.		File No.	Filing Date	Herewith
10.10‡	Manufacturing Services and Supply Agreement among the Company and Solectron Corporation and its subsidiaries and affiliates, dated as of September 5, 2002.	10-Q		10.40	000-22430	11/12/2002
10.11†	Amendment No. 1 to Shareholders Agreement between Shinko Electric Co., Ltd. and Asyst Japan Inc., dated as of October 16, 2002.	10-Q		10.43	000-22430	2/11/2003
10.12‡	Patent Assignment and Cross-License and Trademark License Agreement among the Company, Entegris Cayman Ltd. And Entegris, Inc., dated as of February 11, 2003.	10-K/A		10.44	000-22430	10/29/2003
10.13*	Change-In-Control Agreement between the Company and Stephen S Schwartz dated as of October 20, 2003.	10-Q		10.47	000-22430	11/12/2003
10.14‡	Amendment and Modification Agreement to Manufacturing Services and Supply Agreement among the Company and Solectron Corporation and its subsidiaries and affiliates, effective as of September 22, 2003.	10-Q		10.50	000-22430	2/10/2004
10.15*	Form of Indemnity Agreement entered into between the Company and certain executive officers.	10-K		10.33	000-22430	6/10/2004
10.16*	Form of Agreement to Arbitrate Disputes and Claims entered into between the Company and its executive officers.	10-K		10.37	000-22430	6/10/2004
10.17*	Company’s Compensation Program for Non-employee Directors.	10-K		10.17	000-22430	10/13/2006
10.18*	Company’s Executive Deferred Compensation Plan.	10-K		10.39	000-22430	6/10/2004
10.19*	Employment Agreement between the Company and Stephen Debenham dated August 21, 2003.	10-K		10.40	000-22430	6/10/2004
10.20	Amended and Restated Loan and Security Agreement between the Company and Comerica Bank, dated May 15, 2004.	10-Q		10.47	000-22430	8/5/2004
10.21*	Forms of Stock Option Award Notice and Stock Option Award Agreement entered into between the Company and certain employees, directors, and consultants (2003 Equity Incentive Plan).	10-Q		10.50	000-22430	12/30/2004
10.22*	Forms of Restricted Stock Award Agreement for restricted stock awarded to directors, Restricted Stock Award Agreement for restricted stock units awarded to directors, Restricted Stock Award Agreement for restricted stock awarded to employees, and Restricted Stock Award Agreement for restricted stock units awarded to employees.	10-K		10.22	000-22430	10/13/2006
10.23*	Certificate of Amendment to Option Grants dated August 18, 2004.	10-Q		10.52	000-22430	12/30/2004
10.24	Company’s 2001 Non-Officer Equity Plan.	10-Q		10.53	000-22430	12/30/2004
10.25*	Employment Agreement between the Company and Warren Kocmond, Jr., (corrected as of May 16, 2005).	10-K		10.52	000-22430	6/29/2005
10.26*	Change-in-Control Agreement between the Company and Robert J Nikl dated November 3, 2004.	10-K		10.53	000-22430	6/29/2005
10.27*	Change-in-Control Agreement between the Company and Anthony C. Bonora dated November 3, 2004.	10-K		10.54	000-22430	6/29/2005

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		Incorporated by Reference
Exhibit							Filed
Number	Exhibit Description	Form	Ex. No.		File No.	Filing Date	Herewith
10.28‡	Amendment No. 2 to Manufacturing Services and Supply Agreement among the Company and Solectron Corporation and its subsidiaries and affiliates, effective February 17, 2005.	10-K		10.55	000-22430	6/29/2005
10.29	Amendment No. 3 to Manufacturing Services and Supply Agreement among the Company and Solectron Corporation and its subsidiaries and affiliates, effective June 10, 2005.	10-K		10.56	000-22430	6/29/2005
10.30*	Summary of Executive Bonus Plan (revised 2006).	10-K		10.30	000-22430	10/13/2006
10.31	Waiver and Amendment Number One to Amended and Restated Loan and Security Agreement between the Company and Comerica Bank, dated June 27, 2005.	10-K		10.58	000-22430	6/29/2005
10.32*	2003 Equity Incentive Plan as amended and approved by the Registrant’s shareholders through August 23, 2005.	8-K		99.1	000-22430	8/29/2005
10.33*	Employment Agreement dated as of August 29, 2005, between the Company and Alan S. Lowe.	10-Q		10.60	000-22430	11/9/2005
10.34	Amendment Number Two to Amended and Restated Loan and Security Agreement between the Company and Comerica Bank, dated November 21, 2005.	10-Q		10.61	000-22430	2/6/2006
10.35	Industrial Space Lease (Single Tenant Net) between the Company and JER Bayside, LLC dated November 29, 2005.	10-Q		10.62	000-22430	2/6/2006
10.36*	First Amendment dated December 16, 2005, to Change-in-Control Agreement dated October 20, 2003, between the Company and Stephen S. Schwartz.	8-K		99.1	000-22430	12/16/2005
10.37‡	Amendment No. 4 to Manufacturing Services and Supply Agreement among the Company and Solectron Corporation and its subsidiaries and affiliates, effective August 1, 2005.	10-K		10.37	000-22430	10/13/2006
10.38‡	Amendment No. 5 to Manufacturing Services and Supply Agreement among the Company and Solectron Corporation and its subsidiaries and affiliates, effective March 20, 2006.	10-K		10.38	000-22430	10/13/2006
10.39*	Separation Agreement and Release of All Claims between the Company and Warren C. Kocmond, dated May 31, 2006.	10-K		10.39	000-22430	10/13/2006
10.40*	Change-in-Control Agreement between the Company and Steve Debenham, dated May 22, 2006.	10-K		10.40	000-22430	10/13/2006
10.41*	Change-in-Control Agreement between the Company and Alan S. Lowe, dated May 22, 2006.	10-K		10.41	000-22430	10/13/2006
10.42	Credit Agreement among Asyst Technologies, Inc., Asyst Japan, Inc., Bank of America, N.A., Banc of America Securities LLC, Keybank National Association, and Comerica Bank dated as of June 22, 2006.	10-K		10.42	000-22430	10/13/2006
21.1	Subsidiaries of Asyst Technologies, Inc.	10-K		21.1	000-22430	10/13/2006
31.1	Certification of the Chief Executive Officer of the Registrant required by SEC Rule 13a-14(a) (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002).						X
31.2	Certification of the Chief Financial Officer of the Registrant required by SEC Rule 13a-14(a) (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002).						X
32.1	Combined Certification of the Chief Executive Officer and the Chief Financial Officer of the Registrant required by SEC Rule 13a-14(b) (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002).						X

*	Indicates a management contract or compensatory plan or arrangement.
†	Indicates English translation of original document.
‡	Indicates confidential treatment has been requested for portions of this document

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