Amtech Systems, Inc. Announces Appointment of Directors
May 07, 2020 at 04:38 pm EDT
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On May 5, 2020, the Board of Directors of Amtech Systems, Inc. appointed the Company’s Chief Executive Officer, Michael Whang, and its Chief Financial Officer, Lisa D. Gibbs, to the Board, effective May 5, 2020, and in connection therewith approved an increase in the size of the Board from five members to seven members; and elected the Company’s current Board member and Chairman of its Audit Committee, Michael Garnreiter to serve as the Board’s Lead Independent Director. Mr. Whang and Ms. Gibbs will stand for election at the 2021 Annual Meeting of Shareholders of the Company. Neither Mr. Whang nor Ms. Gibbs will serve as a member of any Board committee or receive additional compensation for serving as a Director. Mr. Garnreiter will not receive any additional compensation for serving as the Lead Independent Director.
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.
AMTECH SYSTEMS, INC. 
