Ultra Clean Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated May 20, 2021, covers the results of the 2021 Annual Meeting of Stockholders for Ultra Clean Holdings, Inc. (NASDAQ: UCTT). The filing details the voting outcomes for three specific proposals submitted to shareholders.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results and does not contain financial performance data.
Material Changes and Voting Results
Shareholders approved all three proposals at the Annual Meeting. The certified vote results are as follows:
- Proposal 1 (Election of Directors): All eight director nominees were elected. Votes ranged from approximately 33.2 million to 34.1 million "For" votes, with "Against" votes ranging from 48,382 to 947,671 per nominee.
- Proposal 2 (Ratification of Auditors): Shareholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for fiscal 2021. The vote was 37,296,909 "For" versus 40,611 "Against".
- Proposal 3 (Executive Compensation): The non-binding advisory vote on executive compensation was approved. The vote was 30,787,778 "For" versus 3,308,825 "Against".
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the submission of matters to a vote of security holders.
Key Facts for Investor Verification
- Verify the final certified vote counts for the eight director nominees, noting the varying levels of dissent among specific candidates.
- Confirm the ratification of Moss Adams LLP as the independent auditor for fiscal 2021.
- Note the significant number of "Against" votes (over 3.3 million) on the executive compensation advisory proposal compared to the other proposals.
- Review the definitive proxy statement filed on April 26, 2021, for detailed descriptions of the proposals and director biographies.