{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040579","form_type":"8-K","ticker":"ASYS","cik":"0000720500","company_name":"AMTECH SYSTEMS INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.497417+00:00","generated_at":"2026-06-11T23:47:11.551994+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Amtech reports Q3 net loss of $1.0M; appoints Bob Daigle as CEO replacing Michael Whang","bullets":["GAAP net loss of $1.0M ($0.07 loss per share) on revenue of $30.7M, up 54% YoY.","Non-GAAP operating income of $0.4M vs GAAP operating loss of $1.1M.","Customer orders of $26.2M; backlog of $61.3M; book-to-bill ratio 0.9:1.","Bob Daigle appointed President and CEO effective Aug 8, 2023, succeeding Michael Whang.","Michael Whang steps down as CEO and will serve as advisor for six months through Feb 8, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040579","json":"https://secwatch.observer/filing/0000950170-23-040579.json","markdown":"https://secwatch.observer/filing/0000950170-23-040579.md","text":"https://secwatch.observer/filing/0000950170-23-040579.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/0000950170-23-040579-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/asys-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:47:11.551994+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae99a155993d4f49bcf8697e303184c472023b57","claim":"AMTECH SYSTEMS INC reported the third quarter ended June 30, 2023 results: revenue $30.7 million, net income $1.0 million, EPS $0.07 per diluted share.","evidence_excerpt":"(CleanTech) applications, today reported results for its third quarter ended June 30, 2023. Third Quarter Fiscal 2023 Financial and Operational Highlights: • Net revenue of $30.7 million • GAAP operating loss of $1.1 million • Non-GAAP operating income of $0.4 million (1) • GAAP net loss of $1.0 million • Non-GAAP net income of $0.3 million (1) • GAAP net loss","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/0000950170-23-040579-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended June 30, 2023"},{"label":"Revenue","value":"$30.7 million"},{"label":"Net income","value":"$1.0 million"},{"label":"EPS","value":"$0.07 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"170b31724c","claim":"Michael Whang departed as President and Chief Executive Officer at AMTECH SYSTEMS INC.","evidence_excerpt":"Mr. Whang has informed the Company of his decision to step down as the Company’s President and Chief Executive Officer to pursue other opportunities effective August 8, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/0000950170-23-040579-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"6dd0368ab0","claim":"Robert C. Daigle was appointed as President and Chief Executive Officer at AMTECH SYSTEMS INC.","evidence_excerpt":"approved the appointment of Robert C. Daigle to succeed Michael Whang as President and Chief Executive Officer of the Company effective August 8, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/0000950170-23-040579-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}