Business Context and Reporting Period
This Form 8-K Current Report was filed by Ultra Clean Holdings, Inc. on February 15, 2017. The report discloses a corporate governance event regarding 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 changes and does not contain financial performance data.
Material Changes
The material change reported is the election of Jeff Andreson to the Board of Directors on February 15, 2017. Mr. Andreson will join the Audit Committee. He brings significant experience from the semiconductor industry, having served as CFO of Nanometrics Incorporated since 2014 and previously holding senior finance roles at Intevac Corporation and Applied Materials.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Regarding compensation, Mr. Andreson will be paid in accordance with the Company's non-employee director compensation practices. The Company expects to enter into a standard form indemnification agreement with him. No related person transactions were disclosed for the last fiscal year.
Investor Verification Checklist
- Verify the specific terms of the non-employee director compensation plan referenced in the annual proxy statement.
- Confirm the execution of the standard form indemnification agreement with the new director.
- Review the Company's annual proxy statement for details on the composition and responsibilities of the Audit Committee.