Ultra Clean Holdings Names New CFO, Adds Directors
Ticker: UCTT · Form: 8-K · Filed: May 15, 2024 · CIK: 1275014
| Field | Detail |
|---|---|
| Company | Ultra Clean Holdings, Inc. (UCTT) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $550,000, $2,400,000, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-election, cfo-appointment
Related Tickers: UCTT
TL;DR
New CFO and 2 directors appointed at Ultra Clean Holdings, effective May 14th.
AI Summary
Ultra Clean Holdings, Inc. announced on May 14, 2024, a series of executive changes. Effective May 14, 2024, Michael W. Smith resigned as Chief Financial Officer and Treasurer. Concurrently, Christopher J. Lytle was appointed as the new Chief Financial Officer and Treasurer. The company also announced the election of two new directors, Robert J. W. Hill and Michael J. McEvoy, to its Board of Directors, effective May 14, 2024.
Why It Matters
This filing indicates significant leadership changes at Ultra Clean Holdings, including a new CFO and board members, which could signal strategic shifts or a response to recent performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty and signal potential strategic shifts, impacting investor confidence.
Key Players & Entities
- Ultra Clean Holdings, Inc. (company) — Registrant
- Michael W. Smith (person) — Resigned Chief Financial Officer and Treasurer
- Christopher J. Lytle (person) — Appointed Chief Financial Officer and Treasurer
- Robert J. W. Hill (person) — Elected Director
- Michael J. McEvoy (person) — Elected Director
- May 14, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new Chief Financial Officer and Treasurer of Ultra Clean Holdings, Inc.?
Christopher J. Lytle has been appointed as the new Chief Financial Officer and Treasurer, effective May 14, 2024.
Who resigned from their position as Chief Financial Officer and Treasurer?
Michael W. Smith resigned from his position as Chief Financial Officer and Treasurer, effective May 14, 2024.
How many new directors were elected to the Board of Directors?
Two new directors, Robert J. W. Hill and Michael J. McEvoy, were elected to the Board of Directors.
When were these executive and director changes effective?
All changes, including the CFO appointment and director elections, were effective as of May 14, 2024.
What is the principal executive office address for Ultra Clean Holdings, Inc.?
The principal executive offices are located at 26462 Corporate Avenue, Hayward, California 94545.
Filing Stats: 627 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-05-15 08:42:03
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value UCTT The Nasdaq Global Market
- $550,000 — University. Mr. Bajwa's salary will be $550,000 per year. Mr. Bajwa is also eligible to
- $2,400,000 — also receive an equity award valued at $2,400,000 (one-half in time-based restricted stoc
- $250,000 — wa will also receive a sign-on bonus of $250,000, subject to Mr. Bajwa remaining with th
Filing Documents
- uctt-20240514.htm (8-K) — 23KB
- uctt-20240514_g1.jpg (GRAPHIC) — 200KB
- 0001628280-24-023394.txt ( ) — 581KB
- uctt-20240514.xsd (EX-101.SCH) — 2KB
- uctt-20240514_lab.xml (EX-101.LAB) — 21KB
- uctt-20240514_pre.xml (EX-101.PRE) — 12KB
- uctt-20240514_htm.xml (XML) — 3KB
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 thereunto duly authorized. ULTRA CLEAN HOLDINGS, INC. Date: May 15, 2024 By: /s/ Paul Y. Cho Name: Paul Y. Cho Title: General Counsel and Corporate Secretary