SkyWater enters consulting pact with Oxbow for fab ops improvements; up to $1.2M annual performance fees

SkyWater Technology, Inc

Monthly fee of $35,833 plus performance fees: up to $322,500 for annual bonus targets, up to $600k/year for cost-per-layer reduction, up to $1.2M/year for wafer output targets.
Consulting focuses on improving fab efficiency, lot velocity, higher-margin product loading, reducing cost per layer, and increasing weekly S8 wafer output.
Agreement includes relocation support for Oxbow employee (up to $2k/month housing through 2024) and equity awards.
Audit committee approved as a related person transaction; SkyWater can terminate with 7 days' notice.

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