UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 1, 2003
Commission File Number
0-25424
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SEMITOOL, INC.
(Exact Name of Registrant as Specified in Its Charter)
Montana 81-0384392
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Semitool, Inc.
655 West Reserve Drive, Kalispell, Montana 59901
(406) 752-2107
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
Item 5. Other Events and Regulation FD Disclosure
On July 2, 2003, Semitool accepted the resignation of L. Peter Larson as a
member of the company's Board of Directors. See the following press release,
dated July 7, 2003, announcing his resignation.
Semitool Accepts Resignation of L. Peter Larson
As Member of Board of Directors
Kalispell, MT -- July 7, 2003 -- Semitool, Inc. (Nasdaq: SMTL), a leading
supplier of wafer surface preparation and electrochemical deposition (ECD)
systems, today announced that L. Peter Larson resigned from the Company's board
of directors.
Larson, the former chairman and chief executive of American Timber Company and a
current Director of Glacier Bancorp (Nasdaq: GBCI), had served as a Director
since December 2000, and was a member of the Board's compensation and audit
committees. No immediate replacement has been named.
Raymon F. Thompson, founder, chairman and chief executive of Semitool, said,
"Pete has been a valuable and important director since joining the Board, and we
greatly appreciate his advice and support over the years. On behalf of all of us
on the Board, I thank Pete for his assistance, management advice and the
entrepreneurial spirit he shared with us throughout his tenure."
Thompson noted that the Board will shortly begin a search for an additional
outside Director.
About Semitool, Inc.
Semitool is a worldwide leader in the design, development, manufacture, and
support of high performance, single-wafer and batch wet chemical processing
systems for use in the fabrication of semiconductor devices. The company's
primary suites of equipment include electrochemical deposition systems for
electroplating copper, gold, solder and other metals; surface preparation
systems for cleaning, stripping and etching silicon wafers; and wafer transport
container cleaning systems. The company's equipment is used in semiconductor
fabrication front-end and back-end processes, including wafer level packaging.
Headquartered in Kalispell, Montana, Semitool maintains sales and support
centers in the United States, Europe and Asia. The company's stock trades on the
Nasdaq National Market under the symbol SMTL. More information is available at
the company's website, www.semitool.com.
Semitool is a registered trademark of Semitool, Inc.
Safe Harbor Statement:
The matters discussed in this news release include forward-looking statements.
These include statements relating to the company's search for an additional
outside director and the ability to find a qualified appointee. Our business in
general is subject to risks and uncertainties that could cause actual results to
materially differ from those projected in such forward-looking statements,
including, but not limited to, the cyclicality in the semiconductor industry,
rapid technological change, the introduction of competing products and
technologies and market non-acceptance of Semitool's new products and new
applications for existing products, as well as, other risk factors related to
our business contained in our most recent Annual Report on Form 10-K and other
filings with the Securities and Exchange Commission. We assume no obligation to
update forward-looking statements that become untrue because of subsequent
events.
# # #
Item 5. Other Events and Regulation FD Disclosure (Continued)
On July 1, 2003, Semitool promoted Timothy C. Dodkin to Executive Vice
President. See the following press release, dated July 8, 2003, announcing this
promotion.
Semitool Promotes Timothy C. Dodkin
To Executive Vice President
Kalispell, MT -- July 8, 2003 -- Semitool, Inc. (Nasdaq: SMTL), a leading
supplier of wafer surface preparation and electrochemical deposition (ECD)
systems, today announced that Timothy C. Dodkin has been promoted to Executive
Vice President. In his new position, Dodkin will take on an expanded role in the
company's executive management, while retaining his current position as head of
global sales and marketing.
Dodkin has been with Semitool since 1985 and has been a member of the company's
Board of Directors since 1998. Prior to becoming the Vice President, Global
Sales and Marketing in 2001, Dodkin had been the managing director of Semitool
Europe, Ltd.
Raymon F. Thompson, founder, chairman and chief executive of Semitool,
commented, "Tim has been a key contributor to our company's success and growth
for almost two decades. He has keen knowledge of our customers' needs and the
ability to lead the rest of the Semitool team to respond to those needs. I look
forward to working even more closely with Tim on both tactical and strategic
decisions."
About Semitool, Inc.
Semitool is a worldwide leader in the design, development, manufacture, and
support of high performance, single-wafer and batch wet chemical processing
systems for use in the fabrication of semiconductor devices. The company's
primary suites of equipment include electrochemical deposition systems for
electroplating copper, gold, solder and other metals; surface preparation
systems for cleaning, stripping and etching silicon wafers; and wafer transport
container cleaning systems. The company's equipment is used in semiconductor
fabrication front-end and back-end processes, including wafer level packaging.
Headquartered in Kalispell, Montana, Semitool maintains sales and support
centers in the United States, Europe and Asia. The company's stock trades on the
Nasdaq National Market under the symbol SMTL. More information is available at
the company's website, www.semitool.com.
Semitool is a registered trademark of Semitool, Inc.
Safe Harbor Statement:
The matters discussed in this news release include forward-looking statements.
These include statements relating to management of the Company and the response
of the Company to the future needs of our customers. Our business in general is
subject to risks and uncertainties that could cause actual results to materially
differ from those projected in such forward-looking statements, including, but
not limited to, the cyclicality in the semiconductor industry, rapid
technological change, the introduction of competing products and technologies
and market non-acceptance of Semitool's new products and new applications for
existing products, as well as, other risk factors related to our business
contained in our most recent Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission. We assume no obligation to update
forward-looking statements that become untrue because of subsequent events.
# # #
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.
SEMITOOL, INC.
(Registrant)
Date: July 10, 2003 By: /s/Larry A. Viano
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Larry A. Viano
Chief Financial Officer