October 25, 2014 11:42 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Electroglas Inc.

Company Overview

Electroglas, Inc. engages in the supply of semiconductor manufacturing equipment and software to the semiconductor industry. The company’s products primarily include automated wafer probing equipment and related network software to quality test semiconductor wafers. Its products also consist of other wafer probers comprising Horizon 4000 series for testing fine pitch devices, semiconductors with copper interconnects and ‘low k dielectric’ processes, and other advanced applications; and EG6000, which is designed for advanced applications, such as copper and low k dielectrics. The company’s wafer probers also include EG6000t, which combines improved probe card finding optics, increased wafer p...

5729 Fontanoso Way

San Jose, CA 95138

United States

Founded in 1960

155 Employees

Phone:

408-528-3000

Fax:

408-528-3542

Key Executives for Electroglas Inc.

Electroglas Inc. does not have any Key Executives recorded.

Electroglas Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of Electroglas

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default as to Electroglas Inc. The Order Instituting Proceedings alleged that the company repeatedly failed to file timely periodic reports while their securities were registered with the Securities and Exchange Commission (SEC). The Default Order finds these allegations to be true and revokes the registration of each class of their registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act).

SEC Orders Hearings On Registration Suspension Or Revocation Against Electroglas

In conjunction with this trading suspension, the Securities and Exchange Commission (SEC) also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Electroglas Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the Company delinquent in their required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the Company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registration pursuant to Exchange Act Section 12 of each class of the securities of the Company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

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