Shimmick names Ural Yal as new CEO; Steve Richards retires after 43-year career

Shimmick Corp

Ural Yal appointed CEO and Board member effective December 2, 2024; Steve Richards to retire.
Yal receives $800k base salary, target bonus 120% of base, sign-on RSUs $400k, annual RSU grant $600k.
Richards to serve as Emeritus CEO through 2025 annual meeting with $500k base salary and continued equity vesting.
Richards' retirement is not due to any disagreement with the company on operations or policies.
Press release highlights recent claim settlements and streamlined strategy as foundation for growth.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Steve Richards

Chief Executive Officer

SHIM · Shimmick Corp

Effective: 2024-12-02
Successor: Ural Yal
Filed: November 18, 2024, 6:59 PM ET

On November 12, 2024, Steve Richards, the Company’s Chief Executive Officer (“CEO”), announced his retirement as Chief Executive Officer of the Company, effective December 2, 2024.

Appointed

Ural Yal

Chief Executive Officer

SHIM · Shimmick Corp

Effective: 2024-12-02
Filed: November 18, 2024, 6:59 PM ET

the Company appointed Ural Yal as CEO, effective December 2, 2024.

Appointed

Ural Yal

Director

SHIM · Shimmick Corp

Effective: 2024-12-02
Filed: November 18, 2024, 6:59 PM ET

Mr. Yal will also join the Board of Directors (the "Board") at that time, with the size of the Board increasing from seven members to eight.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Richards retired as Chief Executive Officer at Shimmick Corp.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On November 12, 2024, Steve Richards, the Company’s Chief Executive Officer (“CEO”), announced his retirement as Chief Executive Officer of the Company, effective December 2, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ural Yal was appointed as Chief Executive Officer at Shimmick Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Company appointed Ural Yal as CEO, effective December 2, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ural Yal was appointed as Director at Shimmick Corp.

Action: joined
Role: Director

Exact text from the filing

Mr. Yal will also join the Board of Directors (the "Board") at that time, with the size of the Board increasing from seven members to eight.

View on SEC.gov

Shimmick Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-127995

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