Shimmick Corp. Reports Director/Officer Changes and Compensation

TL;DR

Shimmick Corp. filed an 8-K detailing leadership changes and compensation updates.

AI Summary

Shimmick Corp. filed an 8-K on June 21, 2024, reporting events that occurred on June 18, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

Changes in corporate leadership and compensation structures can signal shifts in company strategy or financial health, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in directors and officers, especially if numerous or involving key roles, can indicate internal instability or strategic realignments that may pose risks.

Key Numbers

• 001-41867 — SEC File Number (Identifies the company's filing with the SEC.)
• 84-3749368 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Shimmick Corp. (company) — Registrant
• June 18, 2024 (date) — Earliest event reported
• June 21, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• 530 Technology Drive Suite 300 Irvine, CA 92618 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share SHIM NASDAQ Indicate by
• $350,000 b — ceive his current annual base salary of $350,000 between June 19, 2024 and September 30, 2
• $10,000 — . Nordhagen will be entitled to receive $10,000 per month until the end of the Transiti
• $136,050 — nding fiscal year 2022 bonus payment of $136,050 and (c) receive a cash severance paymen
• $25,000 — (c) receive a cash severance payment of $25,000, to be paid on at the end of the Transi
• $20,833 — obley will receive a (a) base salary of $20,833 per month, less applicable taxes and wi
• $75,000 — roll cycle, (b) cash retention award of $75,000, to be paid in a lump sum no later than

Filing Documents

• shim-20240621.htm (8-K) — 62KB
• shim-ex10_1.htm (EX-10.1) — 178KB
• shim-ex10_2.htm (EX-10.2) — 13KB
• shim-ex99_1.htm (EX-99.1) — 14KB
• 0000950170-24-076353.txt ( ) — 425KB
• shim-20240621.xsd (EX-101.SCH) — 28KB
• shim-20240621_htm.xml (XML) — 5KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 21, 2024, the Company issued a press release announcing the departure of Mr. Nordhagen and the appointment of Ms. Mobley, a copy of which is furnished hereto as Exhibit 99.1. The information in this Item 7.01 and Exhibit 99.1 attached hereto is being furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1# Separation Agreement, by and between Shimmick Corporation and Devin J. Nordhagen, dated June 20, 2024 . 10.2# Retention Letter, by and between Shimmick Corporation and Amanda Mobley, dated June 21, 2024 . 99.1 Press Release, dated June 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) # Indicates management contract or compensatory plan.

SIGNATURES

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. Shimmick Corporation Date: June 21, 2024 By: /s/ John Carpenter John Carpenter Executive Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR