SkyWater Technology Announces Board and Executive Changes
Ticker: SKYT · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1819974
Sentiment: neutral
Topics: management-change, compensation
TL;DR
SkyWater board shakeup and comp changes filed. Watch for new direction.
AI Summary
SkyWater Technology, Inc. announced on September 15, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory plans.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and execution.
Key Numbers
- 001-40345 — SEC File Number (Identifies the company's filing with the SEC.)
- 37-1839853 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- SkyWater Technology, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- September 15, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from SkyWater Technology's board or officer positions?
The filing indicates the departure of certain officers and directors, though specific names are not detailed in this excerpt.
Were any new directors elected to the board?
Yes, the filing states the election of directors as part of the reported events.
What is the primary reason for this 8-K filing?
The filing is for a Current Report (8-K) concerning the departure of directors or certain officers, election of directors, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported is dated September 15, 2024.
What is SkyWater Technology's principal executive office address?
The principal executive offices are located at 2401 East 86th Street, Bloomington, Minnesota 55425.
Filing Stats: 429 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2024-09-16 17:22:46
Key Financial Figures
- $0.01 — ch Registered Common stock, par value $0.01 per share SKYT The Nasdaq Stock Market
Filing Documents
- skyt-20240915.htm (8-K) — 24KB
- 0001819974-24-000031.txt ( ) — 147KB
- skyt-20240915.xsd (EX-101.SCH) — 2KB
- skyt-20240915_lab.xml (EX-101.LAB) — 22KB
- skyt-20240915_pre.xml (EX-101.PRE) — 13KB
- skyt-20240915_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 hereunto duly authorized. SkyWater Technology, Inc. Date: September 16, 2024 /s/ Thomas J. Sonderman Name: Thomas J. Sonderman Title: Chief Executive Officer