Amtech Systems Inc. Clarifies Proxy Materials Sent to Registered Shareholders.Business Editors/High-Tech Writers TEMPE, Ariz.--(BUSINESS WIRE)--March 2, 2001 Amtech Systems Inc. (Nasdaq: ASYS) (the "company") reports that the proxy card A proxy card is an easily-acquired or home-made substitute for a collectible card. A proxy is used when a collectible card game player does not own a card, and it would be impractical for such purposes to acquire the card. sent to registered shareholders contains a typographical error typographical error - (typo) An error while inputting text via keyboard, made despite the fact that the user knows exactly what to type in. This usually results from the operator's inexperience at keyboarding, rushing, not paying attention, or carelessness. Compare: mouso, thinko. in one of the proposals. Specifically, at the annual meeting shareholders are being asked to consider and approve, among other proposals, a proposal to increase the number of shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. for issuance under its 1998 Plan from 50,000 to 300,000 (the "Plan Proposal"). The Notice and Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. sent to all shareholders and the proxy card sent to shareholders whose holdings are held in street name describe the Plan Proposal correctly. However, the proxy card accompanying the Notice and Proxy Statement sent to registered holders of the company's stock contains a typographical error with respect to this Proposal. The proxy card incorrectly describes the proposed share increase as an increase from 50,000 to 250,000 (versus 300,000). Through this press release the company is hereby notifying the shareholders entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to notice of and to vote at the annual meeting that the company intends to vote all proxies marked in favor of the Plan Proposal as it is correctly described in the Notice and Proxy Statement. A new proxy card will NOT be mailed to shareholders. The company stated that shareholders holding their shares of the company's stock in a brokerage, i.e., in street name, are unaffected, because the proxy card they received with the Notice and Proxy Statement did not contain the typographical error. Amtech Systems Inc. manufactures capital equipment, including silicon wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. handling automation, semiconductor processing equipment and related consumables used in fabricating semiconductor devices. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion