Business Context and Reporting Period
This Form 8-K Current Report was filed by Ichor Holdings, Ltd. on May 12, 2020. The filing discloses a corporate governance event: the appointment of a new director to the Board of Directors effective May 12, 2020.
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 addition of Sarah O'Dowd to the Board of Directors. Ms. O'Dowd brings significant experience as a former senior vice president and chief legal officer of Lam Research Corporation and a former vice president and general counsel of FibroGen, Inc.
Compensation and Governance Details
- Annual Retainer: $50,000 for service on the Board.
- Equity Grant: Restricted stock units valued at $150,000, subject to a three-year vesting period based on continued service.
- Related Party Transactions: The filing states there are no related party transactions requiring disclosure under Item 404(a) of Regulation S-K.
- Family Relationships: No family relationships exist between Ms. O'Dowd and any current directors or executive officers.
Key Facts for Investor Verification
- Verify the effective date of Sarah O'Dowd's appointment (May 12, 2020).
- Confirm the total compensation package ($50,000 annual retainer plus $150,000 in restricted stock units).
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Note that this filing contains no financial results or guidance updates.