Business Context and Reporting Period
This Form 8-K Current Report was filed by Ultra Clean Holdings, Inc. on April 15, 2009. The report discloses a material change in the company's executive leadership 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. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure: Jack Sexton, Vice President and Chief Financial Officer, departed the company effective immediately on April 15, 2009.
- Severance: Mr. Sexton is expected to be eligible to receive severance benefits.
- Interim Appointment: Linda Clements has been appointed as the interim Principal Financial Officer and Principal Accounting Officer effective immediately upon Mr. Sexton's departure.
Outlook, Risks, and Management Commentary
The Company has announced it will immediately begin a search to identify a qualified candidate to permanently fill the position of Chief Financial Officer. No specific financial guidance, risk factors, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the specific terms and total cost of the severance package for the departing CFO.
- Monitor the timeline and progress of the search for a permanent Chief Financial Officer.
- Review the background and qualifications of Linda Clements in her new interim capacity.
- Check for any subsequent filings regarding the permanent CFO appointment.