Does Guy Shechter have any related-party ties to Amtech Systems (ASYS) directors or officers?

The company states there are no arrangements or understandings with other persons related to his appointment. He has no family relationship with any director or executive officer and no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.

Amtech Systems names new president and COO

Amtech Systems, Inc. appointed Guy Shechter as President and Chief Operating Officer, effective May 19, 2026, reporting to the CEO.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

Amtech Systems, Inc. appointed Guy Shechter as President and Chief Operating Officer, effective May 19, 2026, reporting to the CEO. Shechter, age 57, brings prior leadership experience from Yield Engineering Systems and Veeco Instruments. His offer includes a $400,000 base salary, a target bonus equal to 50% of base pay (60% cash, 40% restricted stock), and 50,000 stock options vesting over three years.

The package also provides $10,000 per month for his first six months, up to $25,000 in relocation support, and severance protections. If a Change in Control occurs and his responsibilities are materially diminished, he is eligible for 12 months of base salary, continued bonus eligibility, and full acceleration of unvested equity awards; termination without Cause provides six months of salary and COBRA coverage.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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, or exhibit attachments filed with this report.

Key Figures

Base salary: $400,000 per year Target bonus: 50% of base salary Stock options grant: 50,000 stock options +5 more

8 metrics

Base salary $400,000 per year Annual base salary for President and COO role

Target bonus 50% of base salary Annual incentive bonus target; 60% cash, 40% restricted stock

Stock options grant 50,000 stock options Vesting in three equal annual installments from grant date

Transition payments $10,000 per month Paid during first six months of employment

Relocation support Up to $25,000 Relocation assistance under the offer letter

Change in Control severance 12 months base salary Cash severance if duties materially diminished after Change in Control

Termination without Cause severance 6 months base salary Plus six months of COBRA coverage

Executive age 57 years Age of incoming President and COO

Key Terms

Change in Control, COBRA, stock options, at-will, +1 more

5 terms

Change in Control financial

"In the event of a Change in Control (as defined in the Offer Letter) in which his responsibilities become materially diminished"

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.

COBRA financial

"Upon termination without Cause ... will be entitled to six months of base salary and six months of COBRA coverage"

COBRA is a U.S. federal law that lets employees and their dependents temporarily keep employer-sponsored health insurance after job loss, reduction in hours, or other qualifying events by paying the premiums themselves. Investors should care because offering COBRA can affect a company’s cash flow, administrative costs and legal disclosures when workforce changes occur—similar to a former club member paying to keep their membership active after leaving the club.

stock options financial

"will also receive a grant of 50,000 stock options, subject to Board approval, vesting in three equal annual installments"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

at-will financial

"Mr. Schechter's Offer Letter is an at-will arrangement."

Nasdaq Global Select Market financial

"Common Stock, par value $0.01 per share ... ASYS ... Nasdaq Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Amtech Systems (ASYS) disclose in this 8-K?

Amtech Systems appointed Guy Shechter as President and Chief Operating Officer, effective May 19, 2026. He will report to the Chief Executive Officer and brings prior senior roles at Yield Engineering Systems and Veeco Instruments, strengthening Amtech’s operational and leadership bench at the top level.

What is Guy Shechter’s compensation package at Amtech Systems (ASYS)?

Guy Shechter will receive an annual base salary of $400,000 and a target bonus equal to 50% of base salary, paid 60% in cash and 40% in restricted stock. He is also being granted 50,000 stock options vesting in three equal annual installments after the grant date.

What relocation and transition benefits does Amtech Systems (ASYS) provide to Guy Shechter?

Amtech will pay Guy Shechter $10,000 per month during his first six months of employment and provide relocation support of up to $25,000. These benefits are designed to ease his transition into the President and Chief Operating Officer role and support his move.

What severance protections does Guy Shechter have in a Change in Control at Amtech Systems (ASYS)?

If a Change in Control occurs and his responsibilities become materially diminished, Guy Shechter is entitled to 12 months of base salary, continued bonus eligibility, and 100% acceleration of his unvested equity awards. These protections are defined in his March 9, 2026 offer letter.

What happens if Amtech Systems (ASYS) terminates Guy Shechter without cause?

If Guy Shechter is terminated without Cause, he will be entitled to six months of base salary and six months of COBRA coverage. His offer letter is an at-will arrangement, meaning either party can end employment subject to these agreed severance terms.

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

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Accepted by SEC EDGAR 05/07/2026 - 04:16 PM EDT

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): May 05, 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 Arrangements of Certain Officers.

On May 5, 2026, the Board of Directors of Amtech Systems, Inc. (the “Company”) approved the appointment of Mr. Guy Shechter as the Company’s President and Chief Operating Officer, effective May 19, 2026, reporting to the Chief Executive Officer of the Company.

Mr. Shechter, age 57, previously held leadership positions at Yield Engineering Systems from 2021 to 2026, most recently serving as Senior Vice President & General Manager. Before that, he held various leadership roles at Veeco Instruments from 2007 to 2020, including Vice President & General Manager, Global Services Solutions. Mr. Shechter received an MBA and a B.S. in Mechanical Engineering from Technion – Israel Institute of Technology.

In connection with Mr. Shechter’s appointment, the Company entered into an offer letter with Mr. Shechter, dated March 9, 2026 (the “Offer Letter”). Under the terms of the Offer Letter, Mr. Shechter will receive an annual base salary of $400,000 and will be eligible to participate in the Company’s annual incentive bonus program with a target bonus of 50% of base salary (60% cash, 40% restricted stock). Mr. Shechter will also receive a grant of 50,000 stock options, subject to Board approval, vesting in three equal annual installments on the one year, two year and three-year anniversary dates of the grant date. Mr. Shechter will receive a monthly payment of $10,000 during the first six months of employment and relocation support of up to $25,000. In the event of a Change in Control (as defined in the Offer Letter) in which his responsibilities become materially diminished, Mr. Shechter is entitled to cash severance equal to twelve months of base salary, continued bonus eligibility, and 100% acceleration of unvested equity awards. Upon termination without Cause (as defined in the Offer Letter), Mr. Shechter will be entitled to six months of base salary and six months of COBRA coverage. Mr. Schechter's Offer Letter is an at-will arrangement. The foregoing description of the Offer Letter is qualified in its entirety by reference to the full text of the letter, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

There are no arrangements or understandings between Mr. Shechter and any other person pursuant to which Mr. Shechter was appointed President and Chief Operating Officer. Mr. Shechter has no family relationship with any director or other executive officer of the Company, and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 9.01 Financial Statements and Exhibits.


Exhibit No.		Description
10.1		Offer Letter between the Company and Guy Shechter, dated March 9, 2026
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:	May 7, 2026	By:	/s/ Robert C. Daigle
			Name: Robert C. Daigle Title: Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

EX-10.1 EX-10.1 52.4 KB