secwatch.observer — SEC 8-K summary
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Issuer:     Shimmick Corp (SHIM)
CIK:        0001887944
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0000950170-24-076353
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shimmick CFO Devin Nordhagen departs; Amanda Mobley named interim CFO
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- CFO Devin Nordhagen departed June 18, 2024; will assist transition until April 1, 2025 under separation agreement.
- Interim CFO Amanda Mobley, Director of Accounting, appointed; with Shimmick since 2011, previously KPMG audit manager.
- Nordhagen receives $350k base salary through Sept 30, then $10k/month; plus $136,050 bonus and $25k severance.
- Mobley gets $20,833/month base, $75k cash retention award (payable June 2025), and 50k RSUs vesting August 2026.
- Nordhagen's equity awards continue vesting during transition; he remains subject to restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1887944/000095017024076353/0000950170-24-076353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1887944/000095017024076353/shim-20240621.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-076353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer