Every 8-K that Amtech Systems Inc (ASYS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ASYS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASYS filings page.
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.
Amtech Systems reported fiscal 2026 third-quarter net revenue of $22.4 million, up 14.5% from a year earlier, driven mainly by its Thermal Processing Solutions (TPS) segment. TPS revenue was about $17.7 million, up 24.9%, supported by AI-related equipment demand, while Semiconductor Fabrication Solutions revenue declined 13.3% to roughly $4.6 million amid very weak SiC wafer demand.
GAAP net income was $1.7 million, or $0.10 per diluted share, compared with $0.1 million last year. Gross margin reached 50%, up from 46.7%, and Adjusted EBITDA was $3.3 million, about 15% of revenue. Customer orders were $28.8 million, up from $21.1 million in 2Q26, and backlog ended June 30, 2026 at $28.7 million, compared to $22.3 million at March 31, 2026. Cash and equivalents rose to $83.1 million, including $56.5 million of net proceeds from an oversubscribed $60.0 million common stock offering and $1.1 million of operating cash flow. For the fourth quarter, Amtech expects revenue between $22.5 million and $24.0 million and an Adjusted EBITDA margin in the low to mid-teens, reflecting continued strength in AI-related TPS demand.
Amtech Systems, Inc. completed an oversubscribed underwritten public offering of 2,926,829 shares of common stock at $20.50 per share, generating gross proceeds of about $60 million before fees. The deal, led by Titan Partners as sole bookrunner, closed on June 3, 2026 under the company’s effective Form S-3 shelf.
Amtech plans to use the net proceeds to accelerate growth in its semiconductor packaging and advanced wafer substrate fabrication platforms, pursue accretive merger and acquisition opportunities, and fund working capital and general corporate purposes. The company, along with its directors and officers, agreed to a 60-day lock-up on additional specified securities following closing.
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.
Amtech Systems reported a strong fiscal 2026 second quarter, with net revenue of $20.5 million, up 8% from the prior quarter and 31% from a year earlier, driven by demand for AI-related equipment. GAAP gross margin improved to 47.7%, compared with (2.1)% in the prior-year quarter.
GAAP net income was $1.2 million, or $0.08 per diluted share, versus a GAAP net loss of $31.8 million a year ago. Non-GAAP net income was $1.5 million. Cash and cash equivalents rose to $24.4 million from $17.9 million at September 30, 2025.
New customer orders were $21.1 million and backlog was $22.3 million. For the third fiscal quarter ending June 30, 2026, the company expects revenues between $20.5 million and $22.5 million and adjusted EBITDA margin in the low double digits.
Amtech Systems, Inc. appointed Thomas Sabol as Chief Financial Officer, effective May 14, 2026, reporting to the CEO. He will also serve as principal accounting officer and principal financial officer, replacing interim CFO Mark Weaver.
Under his offer letter, Sabol will receive a $350,000 annual base salary and be eligible for an annual incentive bonus targeting 50% of base salary, paid 60% in cash and 40% in restricted stock. He is to receive 45,000 stock options vesting in three equal annual installments, along with severance of twelve months of base salary and full vesting of equity upon a Change in Control, and three months of base salary if terminated without Cause.
Amtech Systems, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Shareholders elected five directors—Robert C. Daigle, Asif Jakwani, Robert M. Averick, Michael Garnreiter, and Michael M. Ludwig—to one-year terms on the board.
As of January 13, 2026, 14,394,885 common shares were outstanding and eligible to vote, and 10,468,896 shares, or 72.73%, were represented at the meeting. Shareholders also ratified KPMG LLP as independent auditor for the fiscal year ending September 30, 2026 and approved, on an advisory basis, the compensation of the named executive officers.
Amtech Systems, Inc. furnished an 8-K to share that it has released its financial results for the first quarter ended December 31, 2025. The company distributed these results through a press release that is attached as Exhibit 99.1.
The 8-K specifies that the earnings information, including Exhibit 99.1, is provided under Item 2.02 and is treated as “furnished” rather than “filed,” which limits certain legal liabilities. The filing also includes an Inline XBRL cover page as Exhibit 104.
Amtech Systems, Inc. appointed Mark Weaver as Interim Chief Financial Officer, effective December 16, 2025, reporting to the CEO. He will also serve as the company’s principal accounting officer and principal financial officer, filling the vacancy created by previously disclosed CFO Wade M. Jenke’s resignation effective as of the close of business on December 29, 2025.
Weaver, age 65, has held senior finance and accounting roles at Rogers Corporation, Internap Corporation, Resources Global Professionals and NXP Semiconductors N.V., and holds a B.S. in Accounting and an MBA. Under his offer letter, he will receive an annual base salary of $290,000 and may participate in the company’s employee benefit programs. His interim CFO role is currently expected to end at March 30, 2026, and the agreement is at will. The company states there are no family relationships, special arrangements, or material related-party interests connected to his appointment.