---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-017389"
form_type: "8-K"
ticker: "ASYS"
cik: "0000720500"
company_name: "AMTECH SYSTEMS INC"
filed_at: "2022-08-15T23:59:59+00:00"
generated_at: "2026-06-24T00:09:09.794527+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amtech Q3 revenue $20M, net income $10.2M; CEO Jong Whang transitions to non-executive role, to retire from board Dec 31

## Summary
- Net revenue $20.0M (-14% YoY); net income $10.2M ($0.73 diluted EPS) includes $12.5M pretax gain from sale-leaseback.
- Customer orders $30.1M, book-to-bill 1.5:1; backlog $62.7M.
- Q4 guidance: revenue $30-32M, operating margin low double-digits; Shanghai facility fully reopened June 1.
- CEO Jong S. Whang transitions to non-executive advisor role effective immediately; will retire from board Dec 31, 2022.
- Whang receives $100k annual salary, $400k lump sum upon board retirement, plus potential milestone incentives.

## SEC filing metadata
- accession: 0000950170-22-017389
- form_type: 8-K
- ticker: ASYS
- cik: 0000720500
- company_name: AMTECH SYSTEMS INC
- filed_at: 2022-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720500/000095017022017389/0000950170-22-017389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720500/000095017022017389/asys-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-017389
- JSON: https://secwatch.observer/filing/0000950170-22-017389.json
- Plain text: https://secwatch.observer/filing/0000950170-22-017389.txt

## Key facts
- Executive change
  Jong S. Whang retired as Director at AMTECH SYSTEMS INC.
  - Action: retired
  - Role: Director
  source text: retire from his position as director effective December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/720500/000095017022017389/0000950170-22-017389-index.htm
- Executive change
  Jong S. Whang changed role as Non-Executive Advisor at AMTECH SYSTEMS INC.
  - Action: transitioned
  - Role: Non-Executive Advisor
  source text: Mr. Whang would transition to a non-executive employment role effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/720500/000095017022017389/0000950170-22-017389-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.