UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Emerging growth company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 14, 2020, the Compensation Committee (the “Committee”) of our Board of Directors (the “Board”) approved increases in base salary to executive officers as follows:
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Mr. Michael Whang, President and Chief Executive Officer – from $280,000 to $350,000 |
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Ms. Lisa D. Gibbs, Vice President and Chief Financial Officer – from $225,000 to $260,000 |
These increases are effective January 1, 2021. Neither Mr. Michael Whang nor Ms. Gibbs have employment agreements with the Company.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits.
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Exhibit No. |
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Description |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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AMTECH SYSTEMS, INC. |
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Date: December 17, 2020 |
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By: |
/s/ Lisa D. Gibbs |
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Name: Lisa D. Gibbs |
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Title: Vice President and Chief Financial Officer |