UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of
1934
August 6, 2010
Date of Report (Date of earliest
event reported)
Amtech
Systems, Inc.
(Exact name of registrant as
specified in its charter)
| Arizona |
000-11412 |
86-0411215 |
| (State or other
jurisdiction |
(Commission |
(IRS
Employer |
| of
incorporation) |
File Number) |
Identification
No. |
| 131 South
Clark Drive, Tempe, Arizona |
85281 |
| (Address of principal executive
offices) |
(Zip
Code) |
| Registrant’s telephone number,
including area code |
(480)
967-5146 |
| Not
applicable. |
| (Former name or former address,
if changed since last report.) |
________________________
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2.
below):
o Written communications pursuant to
Rule 425 under Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 5.02 Compensatory Arrangements
of Certain Officers.
(e) On August 6, 2010, upon the
recommendation of the Compensation Committee of the Board of Directors of Amtech
Systems, Inc. (the “Company”), the Board approved restricted stock and option
grants for its executives. Jong S. Whang, the Company’s Chairman of the Board
and Chief Executive Officer, received a grant of an option to purchase 10,000
shares of the Company’s common stock and a restricted stock grant of 5,000
shares of the Company’s common stock. Fokko Pentinga, the Company’s President,
received a grant of an option to purchase 6,667 shares of the Company’s common
stock and a restricted stock grant of 3,333 shares of the Company’s common
stock. Bradley C. Anderson, the Company’s Vice President—Finance and Chief
Financial Officer, received a grant of an option to purchase 5,000 shares of the
Company’s common stock and a restricted stock grant of 2,500 shares of the
Company’s common stock. Robert T. Hass, the Company’s Chief Accounting Officer,
received a grant of an option to purchase 1,333 shares of the Company’s common
stock and a restricted stock grant of 667 shares of the Company’s common stock.
Each of the restricted stock and option grants will vest in four (4) equal
annual installments beginning on August 6, 2011. All options granted have an
exercise price of $10.64 (the closing price of the Company’s common stock on
August 6, 2010).
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
| |
AMTECH SYSTEMS, INC. |
| |
| |
| Date: August 12, 2010 |
By: |
/s/ Robert T.
Hass |
|
|
|
|
Name: |
Robert T. Hass |
|
|
|
|
Title: |
Chief
Accounting Officer |