Business Context and Reporting Period
This Form 8-K filing by Ichor Holdings, Ltd. (ICHOR) was submitted on May 17, 2021, reporting events occurring on that date. The company is incorporated in the Cayman Islands and trades on the NASDAQ Stock Market. The filing specifically addresses Item 5.02 regarding the appointment of a new director to the Board.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figures disclosed relate to the compensation package for the newly appointed director:
- Annual Retainer: $60,000
- Restricted Share Unit Grant: $150,000 (valued at grant date)
- Vesting Period: Three years based on continued service
Material Changes
The primary material change reported is the appointment of Yuval Wasserman to the Board of Directors, effective May 20, 2021. Mr. Wasserman brings significant industry experience, having previously served as President and CEO of Advanced Energy Industries, Inc. (retired March 2021) and as a director of FARO Technologies, Inc. The filing confirms there are no family relationships between Mr. Wasserman and existing directors or officers, and no related party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding business outlook, financial guidance, or specific risk factors. It is a standard disclosure of a corporate governance event. No unusual items or contingencies were reported in this document.
Investor Verification Checklist
- Verify the effective date of Yuval Wasserman's board appointment (May 20, 2021).
- Confirm the total value of the compensation package ($210,000 initial value including retainer and RSUs).
- Review the three-year vesting schedule for the restricted share units.
- Check for any subsequent filings regarding changes to the Board composition or related party transactions.