Business Context and Reporting Period
This Form 8-K was filed by Ichor Holdings, Ltd. on April 17, 2018. The report discloses the establishment of annual salaries and cash bonus targets for the Company's Named Executive Officers for fiscal year 2018 by the Compensation Committee of the Board of Directors.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to executive compensation targets:
| Named Executive Officer | Title | Annual Salary | Target Bonus % | Target Bonus Amount |
|---|---|---|---|---|
| Thomas Rohrs | Executive Chairman, Director, and CEO | $550,000 | 100% | $550,000 |
| Jeffrey Andreson | Chief Financial Officer | $380,000 | 70% | $266,000 |
| Philip Barros | Chief Technology Officer | $380,000 | 60% | $228,000 |
| Kevin Canty | Chief Operating Officer | $330,000 | 60% | $198,000 |
Material Changes
The filing does not report material changes to financial performance or operations compared to prior periods. It solely documents the formalization of compensation arrangements for the current fiscal year.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on business strategy, or discussion of risks and contingencies. The document is limited to the disclosure of executive compensation terms.
Key Facts for Investor Verification
- Verify the total potential cash compensation cost for the four Named Executive Officers, which totals $2,412,000 in salaries and $1,242,000 in target bonuses.
- Confirm that these compensation targets are subject to the achievement of performance criteria not detailed in this specific filing.
- Note that this filing does not contain updated financial results; investors should refer to the most recent 10-K or 10-Q for operational metrics.