secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K/A
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0000950170-23-043246
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017023043246/0000950170-23-043246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017023043246/asys-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-043246

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