CEO James Scholhamer resigns for health reasons; Chairman Clarence Granger named interim CEO

Ultra Clean Holdings, Inc.

James Scholhamer resigned as CEO and Board member effective March 4, 2025 due to a personal medical condition.
Chairman Clarence Granger, age 76, appointed interim CEO; Board search for permanent CEO underway.
Scholhamer receives $2,548,796 lump sum separation payment subject to release of claims.
Granger gets $810,000 prorated base salary, 110% target bonus, and $900,000 RSU award vesting at end of interim service.
Granger served as UCT's CEO from 2003 to 2015; has extensive knowledge of the company's business and operations.

item 5.02 item 9.01

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Appointed (interim)

Clarence L. Granger

interim Chief Executive Officer

UCTT · Ultra Clean Holdings, Inc.

Effective: 2025-03-04
Filed: March 5, 2025, 6:59 PM ET

and that Clarence L. Granger, the Chairman of the Board, will become the Company’s interim Chief Executive Officer on the effective date of Mr. Scholhamer’s resignation

Departed

James P. Scholhamer

Chief Executive Officer

UCTT · Ultra Clean Holdings, Inc.

Effective: 2025-03-04
Successor: Clarence L. Granger
Filed: March 5, 2025, 6:59 PM ET

On March 5, 2025, Ultra Clean Holdings, Inc. (the “Company”) issued a press release announcing that James P. Scholhamer has resigned, effective March 4, 2025, as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Clarence L. Granger was appointed as interim Chief Executive Officer at Ultra Clean Holdings, Inc..

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

and that Clarence L. Granger, the Chairman of the Board, will become the Company’s interim Chief Executive Officer on the effective date of Mr. Scholhamer’s resignation

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James P. Scholhamer resigned as Chief Executive Officer at Ultra Clean Holdings, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On March 5, 2025, Ultra Clean Holdings, Inc. (the “Company”) issued a press release announcing that James P. Scholhamer has resigned, effective March 4, 2025, as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors

View on SEC.gov

Ultra Clean Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-010414

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