{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-069441","form_type":"8-K","ticker":"ASYS","cik":"0000720500","company_name":"AMTECH SYSTEMS INC","filed_at":"2023-12-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.818428+00:00","generated_at":"2026-06-07T15:17:16.434668+00:00","sec_items":["1.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Amtech Systems enters forbearance agreement with UMB Bank to cure covenant default, amends loan terms","bullets":["Revolver increased from $8M to $14M; maturity extended to January 2025.","Term loan commitment reduced from $12M to $4.4M; maturity extended to January 2029.","Monthly term loan payments reduced from $235,204 to $73,720.","Interest rate changed to Prime plus applicable margin; minimum EBITDA covenant replaces debt-to-EBITDA.","Fixed charge coverage ratio compliance deferred to FY ending Sept 2024, minimum 1.30:1."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-069441","json":"https://secwatch.observer/filing/0000950170-23-069441.json","markdown":"https://secwatch.observer/filing/0000950170-23-069441.md","text":"https://secwatch.observer/filing/0000950170-23-069441.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720500/000095017023069441/0000950170-23-069441-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720500/000095017023069441/asys-20231205.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:17:16.434668+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":"eb2d8d60ef0a065a8044773771286d18af69c452","claim":"AMTECH SYSTEMS INC amended Forbearance & Modification Agreement with UMB Bank, N.A. (effective 2023-12-05).","evidence_excerpt":"On December 5, 2023, the Company entered into a Forbearance & Modification Agreement (the “Forbearance Agreement”) with the Lender pursuant to which the Lender agreed to forbear from exercising the rights and remedies available to it as a result of such default.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023069441/0000950170-23-069441-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"UMB Bank, N.A."},{"label":"Effective","value":"2023-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}