Ultra Clean Holdings, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ultra Clean Holdings, Inc. on June 1, 2018. The report discloses a corporate governance change involving the Board of Directors.
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 appointments and does not contain financial performance data.
Material Changes
On June 1, 2018, the Board of Directors elected Ernest E. Maddock to serve as a director. Mr. Maddock was appointed to the Audit Committee and named Chairman of the Audit Committee. He brings significant experience as a former CFO of Micron Technology, Riverbed Technology, and Lam Research Corporation.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Mr. Maddock will receive compensation consisting of an annual equity award and annual cash retainer in accordance with the Company's non-employee director compensation policy. The Company expects to enter into a standard form indemnification agreement with Mr. Maddock.
Investor Verification Checklist
- Verify the effective date of Ernest E. Maddock's appointment to the Board and Audit Committee.
- Review the Company's non-employee director compensation policy to understand the specific equity and cash retainer terms.
- Confirm the execution of the standard form indemnification agreement referenced in the filing.
- Check for any related person transactions involving Mr. Maddock, though the filing states none exist for the last fiscal year.