Amtech Systems, Inc. announced the retirement of one of the Company's independent board members, Robert F. King, effective as of the Annual Meeting. The Company's board of directors commenced its search for a replacement for Mr. King beginning in January 2021 and expects to fill the vacancy created by Mr. King's retirement well in advance of the expiration of the 180-day grace period. On March 23, 2021, the Board of Directors made the following committee changes: Mr. Sukesh Mohan has been appointed to serve as the Nominating and Governance Committee chair; Mr. Rob Averick has been appointed to serve as the Executive Committee chair; Mr. Michael Whang and Ms. Lisa Gibbs have been appointed to serve on the Technology Strategy Committee.
Amtech Systems, Inc. is a manufacturer of thermal processing, wafer cleaning and chemical mechanical polishing (CMP) capital equipment and related consumables used in semiconductor, advanced mobility and renewable energy manufacturing applications. The Company's segments include semiconductor, and material and substrate. The semiconductor segment is engaged in the supply of thermal processing equipment, including solder reflow ovens, horizontal diffusion furnaces, and custom high-temp belt furnaces for use by semiconductor, electronics and electro/mechanical assembly manufacturers. The material and substrate segment is engaged in the production of wafer cleaning equipment as well as substrate consumables and chemicals for lapping (fine abrading) and polishing of materials, such as silicon wafers for semiconductor products, sapphire wafers for light-emitting diode (LED) applications, and compound substrates, like silicon carbide (SiC) wafers, for power device applications.