Amtech Systems appoints Michael M. Ludwig to board following Jong S. Whang's retirement

AMTECH SYSTEMS INC

Ludwig appointed to fill board vacancy created by former CEO/Chairman Jong S. Whang's retirement on Dec 31, 2022.
Ludwig most recently SVP Finance and CFO of Rogers Corporation; previously held senior finance roles at FormFactor.
Board determined Ludwig meets NASDAQ independence standards; he holds no Amtech stock ownership.
Compensation for board service will be consistent with other independent non-employee directors.
Whang's retirement was mutual and not due to any disagreement with the company.

item 5.02

Executive movements

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Appointed

Michael M. Ludwig

Director

ASYS · AMTECH SYSTEMS INC

Effective: 2023-01-13
Filed: January 18, 2023, 6:59 PM ET

On January 13, 2023, the Board of Directors (the “Board”) of the Company appointed Michael M. Ludwig to the Board, effective that same date, to fill the vacancy created by Mr. Whang’s retirement.

Departed

Jong S. Whang

Chairman of the Board

ASYS · AMTECH SYSTEMS INC

Effective: 2022-12-31
Successor: Michael M. Ludwig
Filed: January 18, 2023, 6:59 PM ET

As previously disclosed, on August 9, 2022, Amtech Systems, Inc. (the “Company”) and Mr. Jong S. Whang, the Company’s former Chief Executive Officer and Chairman of the Board of Directors, mutually decided that Mr. Whang would transition to a non-executive employment role and retire from his position as a director effective December 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael M. Ludwig was appointed as Director at AMTECH SYSTEMS INC.

Action: appointed
Role: Director

Exact text from the filing

On January 13, 2023, the Board of Directors (the “Board”) of the Company appointed Michael M. Ludwig to the Board, effective that same date, to fill the vacancy created by Mr. Whang’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jong S. Whang retired as Chairman of the Board at AMTECH SYSTEMS INC.

Action: retired
Role: Chairman of the Board

Exact text from the filing

As previously disclosed, on August 9, 2022, Amtech Systems, Inc. (the “Company”) and Mr. Jong S. Whang, the Company’s former Chief Executive Officer and Chairman of the Board of Directors, mutually decided that Mr. Whang would transition to a non-executive employment role and retire from his position as a director effective December 31, 2022.

View on SEC.gov

AMTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000950170-23-000865

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