Ultra Clean Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated May 26, 2016, details the results of the Annual Meeting of Stockholders held on that date. The filing reports on the voting outcomes for three specific proposals submitted to shareholders.
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 corporate governance voting results rather than financial performance.
Material Changes and Voting Results
Stockholders approved three proposals at the meeting:
- Proposal 1 (Election of Directors): All seven nominees were elected for a one-year term. Notable voting statistics include:
- Clarence L. Granger: 17,566,455 For vs. 1,261,250 Against.
- Leonid Mezhvinsky: 15,220,835 For vs. 3,604,870 Against (highest opposition).
- Thomas T. Edman: 18,304,217 For vs. 519,068 Against.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for fiscal 2016.
- For: 26,527,740
- Against: 728,283
- Abstain: 132,877
- Proposal 3 (Executive Compensation): Stockholders approved the non-binding advisory vote on the compensation paid to Named Executive Officers.
- For: 17,801,529
- Against: 560,757
- Abstain: 481,879
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on outlook, specific risks, contingencies, or unusual items. The document serves strictly as a record of the shareholder vote.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Review the definitive proxy statement filed on April 22, 2016, for detailed biographies of the elected directors and the specific compensation metrics approved in Proposal 3.
- Confirm the fiscal year-end date to understand the scope of the auditor ratification for "fiscal 2016."