secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-023120
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amtech Systems amends CEO Daigle's comp: $500K RSU canceled, replaced with 400K option at $6.00
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- CEO Robert Daigle's $500K RSU grants for 2024 and 2025 replaced with an option for 400K shares at $6.00 (25% premium to Feb 29 close).
- Option has a 5-year term, vesting in 1/3 increments on Aug 8 2024, Feb 8 2025, and Aug 8 2025.
- In exchange, Daigle forfeited participation in the Executive Bonus Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017024023120/0000950170-24-023120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017024023120/asys-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-023120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer