{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-127995","form_type":"8-K","ticker":"SHIM","cik":"0001887944","company_name":"Shimmick Corp","filed_at":"2024-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.253851+00:00","generated_at":"2026-05-29T23:14:57.296621+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Shimmick names Ural Yal as new CEO; Steve Richards retires after 43-year career","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-127995","json":"https://secwatch.observer/filing/0000950170-24-127995.json","markdown":"https://secwatch.observer/filing/0000950170-24-127995.md","text":"https://secwatch.observer/filing/0000950170-24-127995.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/shim-20241112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T23:14:57.296621+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":[{"claim_id":"447f86cd0a","claim":"Steve Richards retired as Chief Executive Officer at Shimmick Corp.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"794298d5c5","claim":"Ural Yal was appointed as Chief Executive Officer at Shimmick Corp.","evidence_excerpt":"the Company appointed Ural Yal as CEO, effective December 2, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"87748e2161","claim":"Ural Yal was appointed as Director at Shimmick Corp.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"joined"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}