secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-211962
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amtech Systems appoints Guy Shechter as President and COO effective May 19, 2026
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- Guy Shechter appointed President and COO, effective May 19, 2026, reporting to CEO Bob Daigle.
- Shechter previously SVP & GM at Yield Engineering Systems (2021-2026) and VP & GM at Veeco Instruments.
- Annual salary $400,000; target bonus 50% of base (60% cash, 40% restricted stock); 50,000 stock options vesting over 3 years.
- Severance: On Change in Control with diminished role: 12 mo base salary, 100% equity acceleration. On termination w/o Cause: 6 mo base salary, COBRA.
- Shechter receives $10,000/month for first 6 months and relocation support up to $25,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000119312526211962/0001193125-26-211962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000119312526211962/asys-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-211962

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