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Amtech Systems (NASDAQ: ASYS) shifts Daigle to Executive Chair, appoints new CEO

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Amtech Systems, Inc. reported that Chief Executive Officer Robert C. Daigle plans to retire as CEO effective August 13, 2026 and will continue to serve on the Board as Executive Chairman. The company states his retirement is not due to any disagreement regarding operations, policies, or practices.

In his new role, Daigle will have a two-year employment term, an annual base salary of $300,000, and a grant of 50,000 restricted stock units that vest ratably over two years under the 2022 Equity Incentive Plan, with change in control and severance protections. The Board appointed Guy Shechter, currently President and Chief Operating Officer, as CEO effective August 13, 2026 and to the Board, and approved a grant of 25,000 RSUs vesting ratably over three years, subject to continued service.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Executive Chair employment term two-year term Term of employment for Robert C. Daigle as Executive Chairman
Executive Chair base salary $300,000 per year Annual base salary for Robert C. Daigle as Executive Chairman
Daigle RSU grant 50,000 RSUs Restricted stock units granted to Daigle, vesting over two years
Shechter RSU grant 25,000 RSUs Restricted stock units granted to Guy Shechter, vesting over three years
RSU grant date August 4, 2026 Effective date of RSU grants to Daigle and Shechter
CEO transition effective date August 13, 2026 Date Daigle retires as CEO and Shechter becomes CEO
restricted stock units financial
"a grant of 50,000 restricted stock units ("RSUs") under the Company's 2022"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"and certain change in control and severance protections."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
severance protections financial
"and certain change in control and severance protections."
2022 Equity Incentive Plan financial
"under the Company's 2022 Equity Incentive Plan, and certain change"
Executive Chairman financial
"retire as Chief Executive Officer of the Company, effective August 13, 2026. Mr. Daigle will continue to serve on the Board as Executive Chairman."
An executive chairman is the board leader who also takes an active role in running the company, combining oversight of the board with hands-on involvement in strategy and major decisions. For investors, this matters because it concentrates influence in one person—like a team captain who both sets the game plan and plays on the field—so their judgment can speed decisions but also increases governance and succession risk that can affect stock value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What leadership change did Amtech Systems (ASYS) announce?
Amtech Systems announced that Robert C. Daigle will retire as Chief Executive Officer on August 13, 2026 and transition to Executive Chairman, while Guy Shechter, currently President and Chief Operating Officer, will become the new Chief Executive Officer.

When will Guy Shechter become CEO of Amtech Systems (ASYS)?
Guy Shechter will become Chief Executive Officer of Amtech Systems on August 13, 2026. He was also appointed to the Board and will continue serving as President after assuming the CEO role.

What are the key compensation terms for Robert Daigle as Executive Chairman at ASYS?
As Executive Chairman, Robert Daigle will have a two-year employment term, receive an annual base salary of $300,000, and be granted 50,000 RSUs vesting ratably over two years, along with specified change in control and severance protections.

What equity award did new CEO Guy Shechter receive from Amtech Systems (ASYS)?
In connection with his appointment as CEO, Guy Shechter received a grant of 25,000 restricted stock units under the 2022 Equity Incentive Plan. These RSUs were granted on August 4, 2026 and vest ratably over three years, subject to continued service.

Is Robert Daigle’s retirement from the CEO role at Amtech Systems (ASYS) due to any disagreement?
The company states that Robert Daigle’s retirement as Chief Executive Officer is not the result of any disagreement with Amtech Systems regarding its operations, policies, or practices, and he will remain on the Board as Executive Chairman.
0000720500falseAMTECH SYSTEMS INC00007205002026-08-042026-08-04

 

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): August 04, 2026

 

 

Amtech Systems, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Arizona

000-11412

86-0411215

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

58 S. River Drive, Suite 370

 

Tempe, Arizona

 

85288

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (480) 967-5146

 

Not Applicable

(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:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

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 Arrangement of Certain Officers.

Amtech Systems, Inc. (the “Company”) announced that on August 4, 2026, Robert C. Daigle notified the Board of Directors (the "Board") of the Company of his intention to retire as Chief Executive Officer of the Company, effective August 13, 2026. Mr. Daigle will continue to serve on the Board as Executive Chairman. Mr. Daigle's retirement is not the result of any disagreement with the Company relating to the Company's operations, policies, or practices.

 

In connection with Mr. Daigle's transition to Executive Chairman, the Company entered into an Amended and Restated Employment Agreement (the “Executive Chair Agreement”) with Mr. Daigle. The Executive Chair Agreement provides for, among other things, a two-year term of employment, an annual base salary of $300,000, a grant of 50,000 restricted stock units ("RSUs") under the Company's 2022 Equity Incentive Plan, and certain change in control and severance protections. The RSUs were granted effective at the close of market on August 4, 2026, and vest ratably over a two-year period, subject to Mr. Daigle’s continued service with the Company through the applicable vesting dates and the terms of the applicable award agreement. The foregoing description of the Executive Chair Agreement is qualified in its entirety by reference to the Executive Chair Agreement, a copy of which will be filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

On August 4, 2026, the Board approved the appointment of Guy Shechter as Chief Executive Officer of the Company, effective as of August 13, 2026. In connection with such appointment, and upon the recommendation of the Compensation Committee, the Board approved a grant of 25,000 RSUs to Mr. Shechter under the Company's 2022 Equity Incentive Plan, as amended. The RSUs were granted effective at the close of market on August 4, 2026, and vest ratably over a three-year period, subject to Mr. Shechter's continued service with the Company through the applicable vesting dates and the terms of the applicable award agreement.

 

In connection with his appointment as Chief Executive Officer, the Board appointed Mr. Shechter to the Board. Mr. Shechter will serve as a director until the Company's next annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal.

 

Mr. Shechter, age 58, currently serves as the Company's President and Chief Operating Officer and will continue to serve as President following his appointment as Chief Executive Officer. Mr. Shechter was appointed President and Chief Operating Officer effective May 19, 2026. Prior to joining the Company, Mr. Shechter held leadership positions at Yield Engineering Systems from 2021 to 2026, most recently serving as Senior Vice President and General Manager. Prior to Yield Engineering Systems, he served in various leadership roles at Veeco Instruments from 2007 to 2020, including Vice President and General Manager, Global Services Solutions. Mr. Shechter holds an MBA and a Bachelor of Science degree in Mechanical Engineering from Technion-Israel Institute of Technology.

 

There are no arrangements or understandings between Mr. Shechter and any other persons pursuant to which he was appointed Chief Executive Officer. There are no family relationships between Mr. Shechter and any director or executive officer of the Company, and there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.

 

Description

 

10.1

 

Amended and Restated Employment Agreement, dated as of August 4, 2026, between Amtech Systems, Inc. and Robert C. Daigle.*

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

 

 

AMTECH SYSTEMS, INC.

 

 

 

 

Date:

August 5, 2026

By:

/s/ Robert C. Daigle

 

 

 

Name: Robert C. Daigle
Title: Chief Executive Officer

 

Source: View Original Filing on SEC EDGAR

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