AMTECH SYSTEMS INC entered into Underwriting Agreement with Titan Partners Group LLC, a division of American Capital Partners, LLC valued at aggregate gross proceeds of approximately $60 million (effective 2026-06-01).
“On June 1, 2026, Amtech Systems, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Titan Partners Group LLC, a division of American Capital Partners, LLC (the “Underwriter”), pursuant to which the Company agreed to issue and sell in an underwritten public offering (the “Offering”) an aggregate of 2,926,829 shares of its common stock, par value $0.01 per share (“Common Stock”), at a price to the public of $20.50 per share for aggregate gross proceeds of approximately $60 million, less underwriting discounts and commissions and offering expenses.”
Earnings Releases
AMTECH SYSTEMS INC reported second quarter ended March 31, 2026 results: revenue $20.5 million, net income $1.2 million, EPS $0.08 per share.
“substrate fabrication, today reported results for its second quarter ended March 31, 2026. Fiscal 2026 Second Quarter Financial and Operational Results: • Net revenue of $20.5 million • Cash of $24.4 million • Cash provided by operations of $2.1 million • GAAP net income of $1.2 million • Non-GAAP net income of $1.5 million (1) • Adjusted EBITDA $2.5 million”
Guy Shechter was appointed as President and Chief Operating Officer at AMTECH SYSTEMS INC.
“approved the appointment of Mr. Guy Shechter as the Company’s President and Chief Operating Officer, effective May 19, 2026”
Mark Weaver departed as Interim Chief Financial Officer at AMTECH SYSTEMS INC.
“Mr. Sabol will replace Mr. Mark Weaver, who was serving as Interim Chief Financial Officer until the Company hire a permanent Chief Financial Officer.”
Thomas Sabol was appointed as Chief Financial Officer at AMTECH SYSTEMS INC.
“On April 24, 2026, the Board of Directors of Amtech Systems, Inc. (the “Company”) approved the appointment of Mr. Thomas Sabol as the Company’s Chief Financial Officer, effective May 14, 2026”
Asif Y. Jakwani was appointed as Director at AMTECH SYSTEMS INC.
“appointed Asif Y. Jakwani to fill the existing vacancy on the Board.”
Wade M. Jenke was appointed as Chief Financial Officer at AMTECH SYSTEMS INC.
“the Board, based on the recommendation of the Audit Committee, approved the appointment of Wade M. Jenke as the Company’s new Chief Financial Officer effective August 8, 2024.”
Lisa Gibbs resigned as Chief Financial Officer at AMTECH SYSTEMS INC.
“Lisa Gibbs has submitted her resignation as Chief Financial Officer and Board member, effective as of the close of business on August 7, 2024, to assume an executive role at another company.”
Earnings Releases
AMTECH SYSTEMS INC reported second quarter ended March 31, 2024 results: revenue $25.4 million, net income GAAP net income of $1.0 million, EPS 7 cents per share.
“manufacturing applications, today reported results for its second quarter ended March 31, 2024. Second Quarter Fiscal 2024 Financial and Operational Results: • Net revenue of $25.4 million • GAAP operating income of $1.4 million • Net proceeds of $2.5 million from sale of corporate headquarters building • Debt payments of $6.4 million, ending the quarter with net”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved Frequency of Future Advisory vote on named executive officers compensation at the 2024-03-06 meeting.
“1 Year 2 Years 3 years Abstain Broker Non-Votes 6,775,891 48,003 1,207,567 535,001 2,087,836”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved Advisory vote on named executive officer compensation at the 2024-03-06 meeting.
“The shareholders approved, on an advisory basis, the compensation of the named executive officers.”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved To approve the ratification of the independent registered public accountants at the 2024-03-06 meeting.
“The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2024.”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved Election of directors at the 2024-03-06 meeting.
“The individuals listed below received the highest number of affirmative votes of the outstanding shares of the Company’s common stock present or represented by proxy and voting at the Annual Meeting and were elected at the Annual Meeting to serve a one-year term on the Company’s board of directors.”
Auditor Changes
AMTECH SYSTEMS INC engaged Klynveld Peat Marwick Goerdeler (KPMG) as its auditor.
“On March 1, 2024 the Committee appointed Klynveld Peat Marwick Goerdeler (“KPMG”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending September 30, 2024.”
Auditor Changes
AMTECH SYSTEMS INC dismissed Grant Thornton LLP as its auditor.
“On March 1, 2024, Amtech Systems, Inc. (the “Company”), upon the approval of the Audit Committee (the “Committee”) of the Board of Directors of the Company, notified Grant Thornton LLP (“Grant Thornton”), the Company’s current independent registered public accounting firm, that it would be dismissed from that position effective March 1, 2024.”
Earnings Releases
AMTECH SYSTEMS INC reported first quarter ended December 31, 2023 results: revenue $24.9 million, net income $9.4 million, EPS $0.66.
“first quarter ended December 31, 2023. First Quarter Fiscal 2024 Financial and Operational Results: • Net revenue of $24.9 million”
Earnings Releases
AMTECH SYSTEMS INC reported financial results for fourth quarter and fiscal year ended September 30, 2023.
“On December 14, 2023, Amtech Systems, Inc. (the "Registrant" or the "Company") announced by press release its results of operations for the fourth quarter and fiscal year ended September 30, 2023.”
Earnings Releases
AMTECH SYSTEMS INC reported the first fiscal quarter ending December 31, 2023 results: revenue revenues in the range of $21 - $24 million. Guidance initiated.
“For the first fiscal quarter ending December 31, 2023, we expect revenues in the range of $21 - $24 million with EBITDA nominally negative.”
Earnings Releases
AMTECH SYSTEMS INC reported Fiscal 2023 results: revenue Net revenue of $113.3 million.
“Fiscal 2023 Business Update • Net revenue of $113.3 million”
Earnings Releases
AMTECH SYSTEMS INC reported Fourth Quarter Fiscal 2023 results: revenue Net revenue of $27.7 million.
“Fourth Quarter Fiscal 2023 Business Update • Net revenue of $27.7 million”
Earnings Releases
AMTECH SYSTEMS INC reported preliminary financial results for the fourth quarter and full year fiscal 2023.
“On December 13, 2023, Amtech Systems, Inc. (the "Registrant" or the "Company") announced by press release a summary of its revenue and business status as of September 30, 2023.”
Material Agreements
AMTECH SYSTEMS INC amended Forbearance & Modification Agreement with UMB Bank, N.A. (effective 2023-12-05).
“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.”
Michael Whang resigned as Member of the Board at AMTECH SYSTEMS INC.
“On August 16, 2023, Michael Whang notified the Company of his decision to resign as a member of the Board, effective immediately.”
Michael Whang departed as President and Chief Executive Officer at AMTECH SYSTEMS INC.
“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.”
Robert C. Daigle was appointed as President and Chief Executive Officer at AMTECH SYSTEMS INC.
“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.”
Earnings Releases
AMTECH SYSTEMS INC reported the third quarter ended June 30, 2023 results: revenue $30.7 million, net income $1.0 million, EPS $0.07 per diluted share.
“(CleanTech) applications, today reported results for its third quarter ended June 30, 2023. Third Quarter Fiscal 2023 Financial and Operational Highlights: • Net revenue of $30.7 million • GAAP operating loss of $1.1 million • Non-GAAP operating income of $0.4 million (1) • GAAP net loss of $1.0 million • Non-GAAP net income of $0.3 million (1) • GAAP net loss”
Michael Whang departed as President and Chief Executive Officer at AMTECH SYSTEMS INC.
“Mr. Whang has informed the Company of his decision to step down as the Company’s President and Chief Executive Officer to pursue other opportunities effective August 8, 2023.”
Robert C. Daigle was appointed as President and Chief Executive Officer at AMTECH SYSTEMS INC.
“approved the appointment of Robert C. Daigle to succeed Michael Whang as President and Chief Executive Officer of the Company effective August 8, 2023.”
Earnings Releases
AMTECH SYSTEMS INC reported financial results for second quarter ended March 31, 2023.
“On May 10, 2023, Amtech Systems, Inc. (the "Registrant" or the "Company") announced by press release its results of operations for the second quarter ended March 31, 2023.”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved Advisory vote on named executive officer compensation at the 2023-03-01 meeting.
“Proposal 3 – Advisory vote on named executive officer compensation The shareholders approved, on an advisory basis, the compensation of the named executive officers. For Against Abstain Broker Non-Votes 8,369,822 319,268 560,791 2,086,875”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved Ratification of independent registered public accountants at the 2023-03-01 meeting.
“Proposal 2 – To approve the ratification of the independent registered public accountants The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2023. For Against Abstain Broker Non-Votes 11,254,293 43,753 38,710 0”
Shareholder Votes
AMTECH SYSTEMS INC shareholders approved Election of directors at the 2023-03-01 meeting.
“Proposal 1 – Election of directors The individuals listed below received the highest number of affirmative votes of the outstanding shares of the Company’s common stock present or represented by proxy and voting at the Annual Meeting and were elected at the Annual Meeting to serve a one-year term on the Company’s board of directors. For Withheld Broker Non-Votes Michael Whang 9,202,662 47,219 2,086,875 Lisa D. Gibbs 8,496,599 753,282 2,086,875 Robert M. Averick 9,073,311 176,570 2,086,875 Robert C. Daigle 9,063,316 186,565 2,086,875 Michael Garnreiter 8,857,923 391,958 2,086,875 Michael M. Ludwig 9,206,148 43,733 2,086,875”
Earnings Releases
AMTECH SYSTEMS INC reported the first quarter ended December 31, 2022 results: revenue $21.6 million, net income $2.7 million, EPS $0.20.
“(CleanTech) applications, today reported results for its first quarter ended December 31, 2022. First Quarter Fiscal 2023 Financial and Operational Highlights: • Net revenue of $21.6 million • Operating loss of $2.7 million, inclusive of $1.4 million in acquisition costs and $0.4 million in severance expenses • Net loss of $2.7 million • Net loss per diluted share of”
Michael M. Ludwig was appointed as Director at AMTECH SYSTEMS INC.
“On January 13, 2023, the Board of Directors (the “Board”) of the Company appointed Michael M. Ludwig to the Board, effective that same date, to fill the vacancy created by Mr. Whang’s retirement.”
Jong S. Whang retired as Chairman of the Board at AMTECH SYSTEMS INC.
“As previously disclosed, on August 9, 2022, Amtech Systems, Inc. (the “Company”) and Mr. Jong S. Whang, the Company’s former Chief Executive Officer and Chairman of the Board of Directors, mutually decided that Mr. Whang would transition to a non-executive employment role and retire from his position as a director effective December 31, 2022.”
M&A Transactions
AMTECH SYSTEMS INC completed an acquisition involving Entrepix, Inc. for $35.0 million (closed 2023-01-17).
“the Company paid a purchase price of $35.0 million, subject to certain customary purchase price adjustments.”
Material Agreements
AMTECH SYSTEMS INC entered into Loan and Security Agreement with UMB Bank, N.A. (effective 2023-01-17).
“On January 17, 2023, the Company entered into a Loan and Security Agreement (the (“ LSA ”) by and among the Company, its U.S. based wholly owned subsidiaries Bruce Technologies, Inc., a Massachusetts corporation, BTU International, Inc., a Delaware corporation, Intersurface Dynamics, Incorporated, a Connecticut corporation, P.R. Hoffman Machine Products, Inc., an Arizona corporation, and Entrepix, Inc., (collectively the “ Borrowers ”), and UMB Bank, N.A., national banking association (the “ Lender ”).”
Material Agreements
AMTECH SYSTEMS INC entered into Agreement and Plan of Merger with Entrepix, Inc., Emerald Merger Sub, Inc., Timothy P. Tobin, and the Key Shareholders valued at $35.0 million (effective 2023-01-17).
“The acquisition was consummated pursuant to the terms of an Agreement and Plan of Merger (the “ Merger Agreement ”), dated January 17, 2023, by and among the Company, Emerald Merger Sub, Inc., an Arizona corporation and wholly owned subsidiary of the Company (“ Merger Sub ”), Entrepix, Timothy P. Tobin, solely in his capacity as the shareholders’ representative, and the Key Shareholders (as defined in the Merger Agreement).”
Earnings Releases
AMTECH SYSTEMS INC reported fiscal year ended September 30, 2022 results: revenue $106.3 million, net income $17.4 million, EPS $1.22. Guidance initiated.
“Fiscal 2022 Financial and Operational Highlights: • Net revenue of $106.3 million • Operating income of $17.3 million • Net income of $17.4 million • Net income per diluted share of $1.22 • Customer orders of $114.0 million • Book to bill ratio of 1.1:1 • September 30, 2022 backlog of $50.8 million • Repurchased 434,813 shares for $4.1 million”
Earnings Releases
AMTECH SYSTEMS INC reported fourth quarter ended September 30, 2022 results: revenue $32.3 million, net income $4.2 million, EPS $0.30. Guidance initiated.
“Fourth Quarter Fiscal 2022 Financial and Operational Highlights: • Net revenue of $32.3 million • Operating income of $3.9 million • Net income of $4.2 million • Net income per diluted share of $0.30 • Customer orders of $20.4 million • Book to bill ratio of 0.6:1 • Unrestricted cash of $46.9 million”
Sukesh Mohan departed as Director at AMTECH SYSTEMS INC.
“On August 24, 2022, Mr. Sukesh Mohan informed the Board of Directors of Amtech Systems, Inc. (the “Company”) that he would not stand for election as a director at the Company’s 2023 annual meeting of shareholders.”
Jong S. Whang retired as Director at AMTECH SYSTEMS INC.
“retire from his position as director effective December 31, 2022”
Jong S. Whang changed role as Non-Executive Advisor at AMTECH SYSTEMS INC.
“Mr. Whang would transition to a non-executive employment role effective immediately”
Robert C. Daigle was appointed as Director at AMTECH SYSTEMS INC.
“appointed Robert C. Daigle to fill the existing vacancy on the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.