secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040579
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amtech reports Q3 net loss of $1.0M; appoints Bob Daigle as CEO replacing Michael Whang
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/0000950170-23-040579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017023040579/asys-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040579

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