Business Context and Reporting Period
This Form 8-K Current Report was filed by Ultra Clean Holdings, Inc. on June 6, 2018, covering the event date of June 1, 2018. The filing addresses a change in principal officers under Item 5.02.
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 primary material change reported is the resignation of Lavi A. Lev, the Company's President, Asia. Mr. Lev's assignment in the Singapore facilities, which was extended via a Letter Agreement on February 6, 2018, concluded on June 1, 2018. The Company and Mr. Lev mutually determined not to extend the agreement.
Outlook, Risks, and Management Commentary
Management indicates that Mr. Lev will continue to provide limited services to the Company through a consulting arrangement to complete certain ongoing work. Compensation for this arrangement will be based on a daily rate and the number of days services are provided. No other risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Confirm the effective date of Lavi A. Lev's resignation (June 1, 2018).
- Verify the terms of the new consulting arrangement, specifically the daily compensation rate.
- Assess the impact of the leadership change on the Company's Singapore operations.
- Review prior filings (e.g., the February 12, 2018 disclosure) for context on the initial Letter Agreement.