---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-062130"
form_type: "8-K"
ticker: "SHIM"
cik: "0001887944"
company_name: "Shimmick Corp"
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:23:56.325524+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Shimmick settles AECOM lawsuit, issues shares, secures $60M revolver, and appoints new director

## Summary
- Settled AECOM lawsuit; issued 5,144,622 shares (19.99% of outstanding) to AECOM, with up to 2.6M more pending shareholder vote.
- Entered into new $60M revolving credit facility with AECOM and BHSI, maturing May 2029; replaces prior BHSI agreement.
- Amended existing MidCap facility: cures default, changes maturity to Sept 30, 2024, interest SOFR+5.5%, adds AECOM as guarantor.
- Appointed Peter Kravitz as independent director; established special committee to oversee transformation and long-term value.
- Expects to close sale of foundation drilling assets for $17.5M by end of week; will file Q1 10-Q today.

## SEC filing metadata
- accession: 0000950170-24-062130
- form_type: 8-K
- ticker: SHIM
- cik: 0001887944
- company_name: Shimmick Corp
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 1.02, 2.03, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1887944/000095017024062130/0000950170-24-062130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1887944/000095017024062130/shim-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-062130
- JSON: https://secwatch.observer/filing/0000950170-24-062130.json
- Plain text: https://secwatch.observer/filing/0000950170-24-062130.txt

## Key facts
- Executive change
  Peter Kravitz was appointed as independent director at Shimmick Corp.
  - Action: appointed
  - Role: independent director
  source text: on May 20, 2024, the board of directors (the “Board”) increased the size of the Board from six to seven members and appointed Peter Kravitz to serve as an independent director of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1887944/000095017024062130/0000950170-24-062130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.