---
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"
generated_at: "2026-05-29T23:14:57.296621+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-127995
- JSON: https://secwatch.observer/filing/0000950170-24-127995.json
- Plain text: https://secwatch.observer/filing/0000950170-24-127995.txt

## Key facts
- Executive change
  Steve Richards retired as Chief Executive Officer at Shimmick Corp.
  - Action: retired
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm
- Executive change
  Ural Yal was appointed as Chief Executive Officer at Shimmick Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Company appointed Ural Yal as CEO, effective December 2, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm
- Executive change
  Ural Yal was appointed as Director at Shimmick Corp.
  - Action: joined
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1887944/000095017024127995/0000950170-24-127995-index.htm

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