Amtech Systems, Inc. (NASDAQ:ASYS) Files An 8-K Other EventsItem 8.01Other Events.
On March 28, 2018 the Board of Directors of Amtech Systems, Inc. (the “Company”) approved a stock repurchase program, to which the Company may repurchase up to $4 million of its outstanding common stock, par value $0.01 per share, over a one-year period, commencing on April 2, 2018. Repurchases under the program will be made in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in compliance with the rules and regulations of the Securities and Exchange Commission; however, the Company has no obligation to repurchase shares and the timing, actual number, and value of shares to be repurchased is subject to management’s discretion and will depend on the Company’s stock price and other market conditions. The Company may, in the sole discretion of the Board of Directors, terminate the repurchase program at any time while it is in effect.
A copy of the press release announcing the Company’s stock repurchase program is attached hereto as Exhibit 99.1 and is hereby incorporated by reference herein.
Item 9.01Financial Statements and Exhibits.
Exhibit No.Description
99.1Press Release dated April 2, 2018
Exhibit Index
Exhibit No.Description
AMTECH SYSTEMS INC ExhibitEX-99.1 2 april2018stockrepurchasepr.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Amtech Systems Announces Stock Repurchase ProgramTEMPE,…To view the full exhibit click here
About Amtech Systems, Inc. (NASDAQ:ASYS)
Amtech Systems, Inc. is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing. The solar segment supplies thermal processing systems, including diffusion; plasma-enhanced chemical vapor deposition (PECVD); atomic layer deposition (ALD), and related automation, parts and services to the solar/photovoltaic industry. The semiconductor segment supplies thermal processing equipment, including solder reflow equipment and related controls for use by the semiconductor manufacturers and in electronics assembly for automotive and other industries. The polishing supplies segment produces consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates and optical components.
