Investigation over possible Wrongdoing announced for Investors in shares of Amtech Systems, Inc. (NASDAQ: ASYS)

An investigation was announced over potential breaches of fiduciary duties by certain directors at Amtech Systems, Inc.

Investors who purchased shares of Amtech Systems, Inc. (NASDAQ: ASYS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Amtech Systems, Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.

Temple, AZ based Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. Amtech Systems, Inc. reported that its Total Revenue rose from $106.29 million for the 12 months period that ended on September 30, 2022, to $113.31 million for the 12 months period that ended on September 30, 2023, and that its Net Income of $17.36 million for the 12 months period that ended on September 30, 2022, turned to a Net Loss of $12.58 million for the 12 months period that ended on September 30, 2023.

On December 13, 2023, Amtech Systems, Inc. announced that it anticipated taking an impairment charge in its Materials and Substrate segment in part due to a "prolonged downturn . . . in the semiconductor industry and delays in the adoption of next-gen polishing tools."

Shares of Amtech Systems, Inc. (NASDAQ: ASYS) declined from $11.98 per share in July 2023, to as low as $3.59 per share on December 19, 2023.

Those who purchased shares of Amtech Systems, Inc. (NASDAQ: ASYS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.