---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-203313"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:17:36.857284+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-203313
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000119312523203313/0001193125-23-203313-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000119312523203313/d494973d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-203313
- JSON: https://secwatch.observer/filing/0001193125-23-203313.json
- Plain text: https://secwatch.observer/filing/0001193125-23-203313.txt

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