TTM Technologies, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by TTM Technologies, Inc. on August 19, 2019, reporting events that occurred on August 18, 2019. The filing addresses significant changes in the Company's executive leadership structure.
Key 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 personnel changes and does not contain financial performance data.
Material Changes
- Departure of Executive Officer: Brian Barber notified the Company of his decision to retire as Executive Vice President and Chief Operating Officer, effective January 1, 2020.
- Appointment of Executive Officer: Philip T. Titterton, currently Executive Vice President and President of the Aerospace & Defense / Specialty Business Unit, was appointed as Chief Operating Officer, effective January 1, 2020.
- Compensation and Arrangements: There are no changes to Mr. Titterton's compensation in connection with his appointment. He remains subject to the existing Executive Change in Control Severance Agreement. No reportable transactions under Item 404(a) of Regulation S-K exist between the Company and Mr. Titterton.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, outlook, or management commentary regarding future performance. No new risks or contingencies were disclosed in this specific report. The transition of the COO role is the primary operational update.
Key Facts for Investor Verification
- Verify the effective date of the leadership transition (January 1, 2020) and any interim arrangements.
- Review the attached Press Release (Exhibit 99.1) for additional context on the retirement and appointment.
- Confirm that no undisclosed compensation changes or side agreements exist for the incoming COO, as stated in the filing.
- Monitor future filings for the impact of this leadership change on the Aerospace & Defense / Specialty Business Unit.