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

        Date of Report (Date of earliest event reported) January 22, 2004

                                 SEMITOOL, INC.
             (Exact name of registrant as specified in its charter)

                                     0-25424
                            (Commission File Number)

          Montana                                      81-0384392
(State or other jurisdiction                        (I.R.S. Employer
    of incorporation)                              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 January 22, 2004, Semitool, Inc. announced that C. Richard Deininger has been
nominated for election at the company's February 17, 2004 Annual Meeting of
Shareholders. A copy of the press release is attached hereto as Exhibit 99.1 and
incorporated by reference herein in its entirety.

Item 7. Financial Statements and Exhibits

     (C)  Exhibits:

          Exhibit No.         Description
          -----------         -----------
          Exhibit 99.1        Press Release dated January 22, 2004

The information in this report (including Exhibit 99.1) is being furnished
pursuant to Items 5 and 7 and shall not be deemed to be "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or
otherwise subject to the liabilities of that section, nor shall it be deemed to
be incorporated by reference in any filing under the Securities Act of 1933 or
the Exchange Act.


                                   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: January 22, 2004                     By: /s/Larry A. Viano
                                                     -------------------------
                                                      Larry A. Viano
                                                      Chief Financial Officer