false000127501400012750142024-03-062024-03-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 14, 2024

UCT Logo.jpg
Ultra Clean Holdings, Inc.
(Exact name of Registrant as Specified in Its Charter)


Delaware000-5064661-1430858
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(IRS Employer
Identification No.)
26462 Corporate Avenue
Hayward, California

94545
(Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number, Including Area Code: 510 576-4400

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.001 par valueUCTTThe Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 14, 2024, the Board of Directors (the “Board”) of Ultra Clean Holdings, Inc. (the “Company”) appointed Harjinder Bajwa as the Company’s Chief Operating Officer, effective June 10, 2024.
Prior to joining the Company, Mr. Bajwa, 57, served as Chief Operating Officer at Reconext from August 2021 to May 2024, and as Senior Vice President, Global Operations, from February 2011 to August 2021, and as Regional Vice President, Operations – America Region, from January 2006 to January 2011, at Flextronics. Prior to that, he served in various roles at Solectron Corporation from February 1994 to January 2006. Mr. Bajwa holds a Bachelor of Science in Mechanical Engineering from Panjab University and a Master of Science in Engineering from San Jose State University.
Mr. Bajwa’s salary will be $550,000 per year. Mr. Bajwa is also eligible to participate in the Company’s management bonus plan, which includes an initial target payout of 85% of his base salary on an annualized basis after one full quarter of employment. Mr. Bajwa will also receive an equity award valued at $2,400,000 (one-half in time-based restricted stock units and one-half in performance-based stock units, with the time-based restricted stock units vesting over three years in three equal annual installments on each anniversary of the grant date), and shall otherwise be subject to the terms and conditions set forth in the Company’s standard form of restricted stock unit agreement and stock incentive plan. Mr. Bajwa will also receive a sign-on bonus of $250,000, subject to Mr. Bajwa remaining with the Company for 12 months.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ULTRA CLEAN HOLDINGS, INC.
Date:May 15, 2024By:/s/ Paul Y. Cho
Name: Paul Y. Cho
Title: General Counsel and Corporate Secretary


v3.24.1.1.u2
Cover
Mar. 06, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date May 14, 2024
Entity Registrant Name Ultra Clean Holdings, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 000-50646
Entity Tax Identification Number 61-1430858
Entity Address, Address Line One 26462 Corporate Avenue
Entity Address, City or Town Hayward
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94545
City Area Code 510
Local Phone Number 576-4400
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.001 par value
Trading Symbol UCTT
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001275014
Ultra Clean (NASDAQ:UCTT)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Ultra Clean Charts.
Ultra Clean (NASDAQ:UCTT)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Ultra Clean Charts.