Shimmick Corp 8-K

What Happened

• Shimmick Corporation announced on April 28, 2026 that Sarah Tacker will join the company as Executive Vice President, Chief Operating Officer, effective April 28, 2026. The offer letter is dated March 24, 2026. Ms. Tacker joins from FlatironDragados after a 27‑year career and has served in senior regional leadership roles.

Key Details

• Base salary: $500,000 per year.
• Annual cash bonus: eligible under the Annual Incentive Bonus Plan with a target equal to 50% of base salary, based on Board-set performance targets.
• Equity: one-time sign‑on RSU grant valued at $150,000 (fvm on announcement date) that vests 30 days after the start date; annual RSU grant valued at $500,000 (fvm on announcement date) vesting in three equal installments on each of the first three anniversaries of the start date.
• Other: participation in standard benefits, expense reimbursement, and a standard director/officer indemnification agreement; company issued a press release on April 28, 2026 announcing the hire.

Why It Matters

• This is a material executive hire focused on operations. For investors, the filing shows the company’s commitment to senior operational leadership and quantifies the direct compensation and equity cost tied to the hire.
• The compensation structure combines cash and time‑based equity, so costs will be realized as salary/bonuses are paid and as equity vests (which could affect future compensation expense and share-based dilution).
• The filing reports no related‑party transactions or family relationships connected to the appointment and provides the formal offer letter and press release as exhibits.