Business Context and Reporting Period
This Form 8-K filing by Ultra Clean Holdings, Inc. (UCTT) reports executive leadership changes effective January 25, 2026. The report details the immediate termination of the Chief Operating Officer and the appointment of a successor.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- Departure: Mr. Harjinder Bajwa's employment as Chief Operating Officer was terminated effective immediately on January 25, 2026. He is eligible for severance benefits under the Company's existing policy.
- Appointment: Mr. Robert Wunar was appointed as the new Chief Operating Officer, with a start date of March 23, 2026.
Compensation and Management Commentary
Mr. Wunar's compensation package includes the following terms:
- Base Salary: $475,000 per year.
- Bonus: Eligible for the management bonus plan with an initial target of 85% of base salary after one full quarter of employment.
- Equity Award: Subject to shareholder approval, a grant date value of $1,500,000 (split between time-based and performance-based stock units). Time-based units vest over three years.
- Sign-on Bonus: $200,000, subject to clawback if employment ends within 12 months of the start date due to resignation or termination for cause.
Mr. Wunar brings extensive experience from Applied Materials, Inc., Applied Manufacturing Group, Inc., HelmSmart Consulting, and SolarCity.
Investor Verification Checklist
- Verify the terms of the severance package for Mr. Bajwa in the referenced Form 10-Q filed on October 29, 2025.
- Confirm shareholder approval status for Mr. Wunar's $1,500,000 equity award at the next annual meeting.
- Review the Company's standard restricted stock unit agreement and stock incentive plan for specific vesting conditions.
- Monitor the transition period between Mr. Bajwa's departure and Mr. Wunar's March 23, 2026 start date for interim operational leadership.