Filing Analysis
Amtech Systems, Inc. has appointed Guy Shechter as its new President and Chief Operating Officer, effective May 19, 2026. Mr. Shechter brings extensive semiconductor industry experience from previous leadership roles at Yield Engineering Systems and Veeco Instruments.
Key Facts
- Guy Shechter appointed President and COO effective May 19, 2026, reporting to the CEO.
- Annual base salary set at $400,000 with a target bonus of 50% of base salary.
- Compensation includes a grant of 50,000 stock options vesting over three years.
- Additional benefits include a $10,000 monthly payment for the first six months and up to $25,000 in relocation support.
- Mr. Shechter previously served as Senior Vice President & General Manager at Yield Engineering Systems (2021-2026) and held various roles at Veeco Instruments (2007-2020).
Amtech Systems, Inc. announced its financial results for the second fiscal quarter ended March 31, 2026. The results were furnished via press release as part of a standard Item 2.02 filing.
Key Facts
- Earnings announced for Q2 ended March 31, 2026
- Filing dated May 7, 2026
- Report signed by Interim CFO Mark Weaver
- Information furnished under Item 2.02 and not 'filed' for Section 18 purposes
Amtech Systems, Inc. has appointed Thomas Sabol as its new Chief Financial Officer and principal accounting officer, effective May 14, 2026. Mr. Sabol replaces Mark Weaver, who had been serving as the Interim CFO.
Key Facts
- Thomas Sabol (age 67) appointed as CFO effective May 14, 2026.
- Mr. Sabol succeeds Interim CFO Mark Weaver.
- Compensation includes an annual base salary of $350,000 and a target bonus of 50% of base salary.
- Equity compensation includes 45,000 stock options vesting over three years.
- Mr. Sabol's background includes CFO roles at Rimini Street, Inc. and Plexus Corp., and experience as a Senior Audit Manager at Coopers & Lybrand.
Amtech Systems, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on March 4, 2026. Shareholders elected five directors, ratified KPMG LLP as the independent auditor for fiscal year 2026, and approved executive compensation on an advisory basis.
Red Flags
- Significant shareholder opposition in director elections: Robert M. Averick received 2,745,215 'Withheld' votes (approximately 31.7% of votes cast excluding broker non-votes).
- High opposition to executive compensation: approximately 31.6% of votes cast were 'Against' the advisory compensation proposal.
Key Facts
- The meeting had a quorum of 72.73%, with 10,468,896 shares represented out of 14,394,885 eligible shares.
- Five directors were elected to serve one-year terms: Robert C. Daigle, Asif Jakwani, Robert M. Averick, Michael Garnreiter, and Michael M. Ludwig.
- KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending September 30, 2026.
- The advisory vote on executive compensation (Say-on-Pay) was approved with 5,460,635 votes for and 2,740,790 votes against.