0000720500-12-000017.txt : 20121102 0000720500-12-000017.hdr.sgml : 20121102 20121101212337 ACCESSION NUMBER: 0000720500-12-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121029 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121102 DATE AS OF CHANGE: 20121101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMTECH SYSTEMS INC CENTRAL INDEX KEY: 0000720500 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 860411215 STATE OF INCORPORATION: AZ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11412 FILM NUMBER: 121174945 BUSINESS ADDRESS: STREET 1: 131 S CLARK DR CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: 6029675146 MAIL ADDRESS: STREET 1: 131 SOUTH CLARK DRIVE CITY: TEMPE STATE: AZ ZIP: 85281 FORMER COMPANY: FORMER CONFORMED NAME: QUARTZ ENGINEERING & MATERIALS INC DATE OF NAME CHANGE: 19870715 8-K 1 a8kq22012revenueannounceme.htm 8-K 8K Q2 2012 Revenue Announcement
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

October 29, 2012
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 of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.
 
 
 
 
 
131 S. Clark Drive, Tempe, AZ
 
 
 
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):
 
[ ]
Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Section 2 - Financial Information

Item 2.02
Results of Operations and Financial Condition.

On October 29, 2012, Amtech Systems, Inc. (the “Registrant”) issued a press release reporting preliminary revenues for fiscal 2012 and the fourth quarter of fiscal 2012 and development of further cost reduction plans. A copy of the press release is included as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

The information contained in this Current Report, including the accompanying Exhibit 99.1 is furnished pursuant to Item 2.02 of Form 8-K and shall not be incorporated by reference into any filing of the Registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing. The information in this Current Report, including the accompanying exhibit, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

Section 9 - Financial Statements and Exhibits

Item 9.01    Financial Statements and Exhibits.

Exhibit No.
 
Description
99.1
 
Press Release dated October 29, 2012.

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: November 1, 2012
 
By: /s/ Bradley C. Anderson
 
 
Name: Bradley C. Anderson
Title: Executive Vice President & Chief Financial Officer



INDEX TO EXHIBITS 



Exhibit
 
 
Number
     
Description
 
99.1
 
Press Release dated October 29, 2012

        


EX-99.1 2 preassreleasedatedoctober2.htm PRESS RELEASE Preass Release Dated October 29, 2012
Amtech Reports Preliminary Revenue for Fiscal 2012 and Fourth Quarter and Development of Further Cost Reduction Plans

TEMPE, Ariz., Oct. 29, 2012 /PRNewswire/ -- Amtech Systems, Inc. (ASYS), a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and sapphire and silicon wafers, today reported preliminary revenue of $81.5 million in fiscal 2012, including $10.9 million for the fiscal fourth quarter ended September 30, 2012. At September 30, 2012, the company had $46.7 million of unrestricted cash compared to $42.3 million at June 30, 2012.  Amtech expects to incur a significant loss for the quarter ended September 30, 2012. The company also announced it is developing additional cost reduction plans, details of which will be provided in its regularly scheduled fiscal year-end conference call on or about November 20, 2012. Final revenue and other financial details will also be provided at that time. 
Fokko Pentinga, Amtech's Chief Executive Officer, commented, "Revenue for the quarter fell short of our guidance due primarily to the timing of final acceptances on several of our solar equipment installations, some of which were subsequently received in October.  While the solar equipment industry continues to be affected by over capacity, we work actively with our Tier 1 customers to support their pursuit of lower costs and higher cell efficiencies. We continue to believe in the longer-term solar opportunity and in our high-end diffusion, ion implanter, new batch PECVD, and N-type technologies.
"We implemented cost reduction plans in the September quarter and are developing further cost reductions plans which we will discuss in our fiscal year-end conference call on or about November 20, 2012."
About Amtech Systems, Inc.
Amtech Systems, Inc. manufactures capital equipment, including silicon wafer handling automation, thermal processing equipment and related consumables used in fabricating solar cells, LED and semiconductor devices. Semiconductors, or semiconductor chips, are fabricated on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including solar cells, computers, telecommunications devices, automotive products, consumer goods, and industrial automation and control systems. The Company's wafer handling, thermal processing and consumable products currently address the diffusion, oxidation, and deposition steps used in the fabrication of solar cells, LEDs, semiconductors, MEMS and the polishing of newly sliced silicon wafers.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release is forward-looking in nature. All statements in this press release, or made by management of Amtech Systems, Inc. and its subsidiaries ("the Company" or "Amtech"), other than statements of historical fact, are hereby identified as "forward-looking statements" (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "would," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology.  Examples of forward-looking statements include statements regarding Amtech's future financial results, operating results, business strategies, projected costs, products under development, competitive positions and plans and objectives of the Company and its management for future operations.
We cannot guarantee that any forward-looking statement will be realized, although we believe that the expectations reflected in the forward-looking statements are reasonable. Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions. The Form 10-K that we filed with the Securities and Exchange Commission for the year-ended September 30, 2011 listed various important factors that could affect Amtech's future operating results and financial condition and could cause actual results to differ materially from historical results and expectations based on forward-looking statements made in this document or elsewhere by Amtech or on its behalf.  These factors can be found under the heading "Risk Factors" in the Form 10-K and investors should refer to them.  Because it is not possible to predict or identify all such factors, any such list cannot be considered a complete set of all potential risks or uncertainties.  Except as required by law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts:
 
 
 
Amtech Systems, Inc.
Bradley C. Anderson
Chief Financial Officer
(480) 967-5146
irelations@Amtechsystems.com
 
Christensen
Investor Relations
Patty Bruner
(480) 201-6075
pbruner@christensenir.com