Amtech Systems appoints Robert C. Daigle as CEO, discloses employment terms; Whang resigns board

AMTECH SYSTEMS INC

Robert C. Daigle succeeds Michael Whang as President and CEO effective Aug 8, 2023; Whang resigned board on Aug 16, 2023.
Daigle receives $450,000 annual base salary and is eligible for company's executive bonus program.
Option to purchase 150,000 shares granted; 50,000 vest immediately, remainder over 3-year term.
Annual RSU grant of $500,000 fair value on effective date and anniversaries; vests fully on one-year anniversary.
Daigle previously CTO of Rogers Corporation, led divisions with $150M+ revenue.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Robert C. Daigle

President and Chief Executive Officer

ASYS · AMTECH SYSTEMS INC

Effective: 2023-08-08
Filed: August 17, 2023, 7:59 PM ET

on August 8, 2023, the Board of Directors (the “ Board ”) of the Company approved the appointment of Robert C. Daigle to succeed Michael Whang as President and Chief Executive Officer of the Company effective August 8, 2023.

Departed

Michael Whang

President and Chief Executive Officer

ASYS · AMTECH SYSTEMS INC

Effective: 2023-08-08
Successor: Robert C. Daigle
Filed: August 17, 2023, 7:59 PM ET

on August 8, 2023, the Board of Directors (the “ Board ”) of the Company approved the appointment of Robert C. Daigle to succeed Michael Whang as President and Chief Executive Officer of the Company effective August 8, 2023.

Departed

Michael Whang

Member of the Board

ASYS · AMTECH SYSTEMS INC

Effective: 2023-08-16
Filed: August 17, 2023, 7:59 PM ET

On August 16, 2023, Michael Whang notified the Company of his decision to resign as a member of the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Robert C. Daigle was appointed as President and Chief Executive Officer at AMTECH SYSTEMS INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

on August 8, 2023, the Board of Directors (the “ Board ”) of the Company approved the appointment of Robert C. Daigle to succeed Michael Whang as President and Chief Executive Officer of the Company effective August 8, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Michael Whang departed as President and Chief Executive Officer at AMTECH SYSTEMS INC.

Role: President and Chief Executive Officer

Exact text from the filing

on August 8, 2023, the Board of Directors (the “ Board ”) of the Company approved the appointment of Robert C. Daigle to succeed Michael Whang as President and Chief Executive Officer of the Company effective August 8, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael Whang resigned as Member of the Board at AMTECH SYSTEMS INC.

Action: resigned
Role: Member of the Board

Exact text from the filing

On August 16, 2023, Michael Whang notified the Company of his decision to resign as a member of the Board, effective immediately.

View on SEC.gov

AMTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000950170-23-043246

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