Ultra Clean Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ultra Clean Holdings, Inc. on August 4, 2026. The report discloses a significant executive leadership transition regarding the Chief Financial Officer position.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Executive Departure: Sheri Savage ceased serving as Chief Financial Officer and resigned from all other officer positions effective August 5, 2026.
- Succession: Michael Keogh was appointed to succeed Ms. Savage as Chief Financial Officer, effective August 5, 2026.
- Reason for Departure: The transition was not the result of any disagreement with the Company regarding operations, policies, financial reporting, or accounting controls.
Outlook, Management Commentary, and Risks
Transition Agreement: The Company entered into a Transition and Garden Leave Agreement with Ms. Savage on August 4, 2026.
- Role: Ms. Savage will remain employed as a non-officer "Finance Advisor" until May 1, 2027 (the Separation Date), performing only transition-related special projects.
- Compensation: During the Garden Leave Period, she will receive her base salary at the rate in effect on August 5, 2026, remain eligible for the fiscal year 2026 annual bonus, and continue participation in employee benefit plans. She is not eligible for salary increases or additional equity awards.
- Equity: Outstanding equity awards will continue to vest according to their terms; unvested awards will be forfeited upon termination of employment.
- Termination Provisions: If the Company terminates her employment without cause before the Separation Date, base salary continues through the original Separation Date. If she resigns or is terminated for cause, compensation and equity vesting cease immediately.
Investor Verification Checklist
- Verify the effective date of Michael Keogh's appointment as CFO (August 5, 2026).
- Review the full text of the Transition and Garden Leave Agreement (Exhibit 10.1) for specific terms regarding the "Garden Leave Period" and bonus eligibility.
- Confirm that the departure of Sheri Savage was not related to any financial reporting or accounting control disagreements.
- Monitor future filings for the completion of the transition period scheduled for May 1, 2027.