{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-120300","form_type":"8-K","ticker":"SHIM","cik":"0001887944","company_name":"Shimmick Corp","filed_at":"2024-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.253444+00:00","generated_at":"2026-05-30T06:22:04.031175+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Shimmick reaches $97M settlement on Golden Gate Bridge; Q3 prelim results near breakeven","bullets":["Settlement of Golden Gate Bridge litigation: Shimmick to receive $97M before end of 2024, plus scope reduction of ~$6M.","Transformation plan: sale-leaseback of Tracy equipment yard yields ~$17M gain; $16M non-cash charge for ERP system upgrade.","Preliminary Q3 FY2024 (ended Sept 27, 2024): net income/loss expected between breakeven and a small loss due to continued losses in legacy and foundation projects.","Substantial completion of onsite GGB work expected Q3 2025; remaining work for offsite fabrication.","Settlement proceeds after subcontractor pass-through to be used for ongoing operations including GGB completion."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-120300","json":"https://secwatch.observer/filing/0000950170-24-120300.json","markdown":"https://secwatch.observer/filing/0000950170-24-120300.md","text":"https://secwatch.observer/filing/0000950170-24-120300.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024120300/0000950170-24-120300-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024120300/shim-20241031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T06:22:04.031175+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}