FORMFACTOR INC shareholders approved Ratification of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2026 at the 2026-05-15 meeting.
“Proposal 5 : Ratification of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2026: For Against Abstain 68,722,097 2,550,990 71,855 This proposal was approved.”
Shareholder Votes
FORMFACTOR INC shareholders approved Amendment of the Company's 2012 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance under the 2012 Equity Incentive Plan by 5,000,000 shares at the 2026-05-15 meeting.
“Proposal 4 : Amendment of the Company's 2012 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance under the 2012 Equity Incentive Plan by 5,000,000 shares: For Against Abstain Broker Non-Votes 61,050,935 4,205,923 73,882 6,014,202 This proposal was approved.”
Shareholder Votes
FORMFACTOR INC shareholders approved Non-binding advisory vote to approve the Company's executive compensation at the 2026-05-15 meeting.
“Proposal 3 : Non-binding advisory vote to approve the Company's executive compensation: For Against Abstain Broker Non-Votes 64,373,166 862,263 95,311 6,014,202 The Company's stockholders approved, on an advisory basis, the compensation of the named executive officers as disclosed in the Proxy Statement relating to the Annual Meeting.”
Shareholder Votes
FORMFACTOR INC shareholders approved Amendment to the Company's Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation at the 2026-05-15 meeting.
“Proposal 2 : Amendment to the Company's Certificate of Incorporation to reflect new Delaware law provisions regarding officer exculpation: For Against Abstain Broker Non-Votes 57,208,977 8,035,431 86,332 6,014,202 This proposal was approved.”
Shareholder Votes
FORMFACTOR INC shareholders approved Election of directors to the Company's Board of Directors, each to serve on the Company's Board for a term of one year or until their successor has been elected and qualified or until their earlier death, resignation or removal. at the 2026-05-15 meeting.
“The Company held its Annual Meeting on May 15, 2026, online via live webcast. At the Annual Meeting, the Company's stockholders voted on the following five (5) proposals and cast their votes as follows: Proposal 1 : Election of directors to the Company's Board of Directors, each to serve on the Company's Board for a term of one year or until their successor has been elected and qualified or until their earlier death, resignation or removal.”
Governance Changes
FORMFACTOR INC: Amended certificate of incorporation to add officer exculpation provisions permitted by Delaware law and remove inoperative language about board classification and 2024 annual meeting reference (effective 2026-05-15).
“At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “2026 Amended and Restated Certificate”) to provide for the exculpation of certain officers of the Company as permitted by Delaware law.”
Earnings Releases
FORMFACTOR INC reported the first quarter of fiscal 2026 ended March 28, 2026 results: revenue $226.1 million, net income $20.4 million, EPS $0.26 per fully-diluted share. Guidance raised.
“Quarterly revenues were $226.1 million, an increase of 5.1% compared to $215.2 million in the fourth quarter of fiscal 2025, and an increase of 32.0% from $171.4 million in the first quarter of fiscal 2025.”
Restructurings & Charges
FORMFACTOR INC announced a restructuring with charges of Restructuring charges primarily related to impairment of leasehold improvements, facility exits, severance, retention and other employee-related costs, and cont affecting Carlsbad, California and Baldwin Park, California (approximately 200 to 300 employees).
“On January 5, 2026, FormFactor, Inc. (“we”, “the Company” or “FormFactor”) adopted restructuring plans that are intended to better align cost structure and support gross margin improvement to the Company’s target financial model, while also aligning manufacturing capabilities with current and anticipated business needs and the Company's strategic priorities. As part of this restructuring plan, the Company is consolidating the manufacturing facilities located in Carlsbad, California and Baldwin Park, California. As a result, we have incurred, or expect to incur, personnel-related costs to sever or retain approximately 200 to 300 employees. We expect the actions defined under these plans will be largely completed by the end of December 2026, except facilities charges, which may extend beyond that time. The restructuring plans are expected to result in the Company recording restructuring charges in the aggregate amount of approximately $30 to $40 million on a GAAP basis, estimated to be c”
Debt Financings
FORMFACTOR INC incurred revolving credit of up to $150,000,000 with Wells Fargo Bank, National Association, as Administrative Agent maturing July 29, 2030.
““Administrative Agent”), and the lenders party thereto from time to time. The Credit Agreement provides for a revolving credit facility in an aggregate principal amount of up to $150,000,000 (the “Facility”) with an option to draw additional Incremental Term Loans in $25,000,000 increments. The Facility has a maturity date of July 29, 2030. The Facility may be used”
Governance Changes
FORMFACTOR INC: Amended and Restated By-laws adopted, updating stockholder meeting procedures, advance notice provisions for universal proxy rules, uncertificated shares, disinterested director and transaction requirements, and administrative updates (effective 2025-07-29).
“On July 29, 2025, the Board of Directors of FormFactor adopted Amended and Restated By-laws (the “Amended Bylaws”) of FormFactor. The amendments contained in the Amended Bylaws (i) update certain procedures for stockholder meetings, (ii) update provisions for advance notice of stockholder business and nominations to comply with all the requirements of Rule 14a-19 under the Securities Exchange Act of 1934, as amended, (iii) provide for uncertificated shares, (iv) modify the requirements pertaining to disinterested directors and transactions, and (v) make administrative and ministerial language updates.”
Earnings Releases
FORMFACTOR INC reported first quarter of fiscal 2024 ended March 30, 2024 results: revenue $168.7 million, net income $21.8 million, EPS $0.28.
“Quarterly revenues were $168.7 million, an increase of 0.3% compared to $168.2 million in the fourth quarter of fiscal 2023, and an increase of 0.8% from $167.4 million in the first quarter of fiscal 2023.”
Kevin Brewer was appointed as director at FORMFACTOR INC.
“the Board approved an increase in the size of the Board from eight to nine members and appointed Kevin Brewer as a director to fill the vacancy resulting from that increase.”
Lothar Maier departed as director at FORMFACTOR INC.
“Lothar Maier, a director of FormFactor, Inc. (the “Company”) notified the Company that he will not stand for re-election at the Company’s next annual meeting of stockholders.”
Earnings Releases
FORMFACTOR INC reported the first quarter ending March 30, 2024 results: revenue $165 million +/- $5 million, EPS $0.07 +/- $0.04. Guidance initiated.
“For the first quarter ending March 30, 2024, FormFactor is providing the following outlook*: GAAP Reconciling Items** Non-GAAP Revenue $165 million +/- $5 million — $165 million +/- $5 million Gross Margin 40% +/- 1.5% $2 million 41% +/- 1.5% Net income per diluted share $0.07 +/- $0.04 $0.12 $0.19 +/-$0.04”
Earnings Releases
FORMFACTOR INC reported fiscal 2023 ended December 30, 2023 results: revenue $663 million, net income $82.4 million, EPS $1.05 per fully-diluted share.
“For fiscal 2023, FormFactor recorded revenues of $663 million, down 11.3% from $748 million in fiscal 2022.”
Earnings Releases
FORMFACTOR INC reported the fourth quarter of fiscal 2023 ended December 30, 2023 results: revenue $168.2 million, net income $75.8 million, EPS $0.97 per fully-diluted share.
“Quarterly revenues were $168.2 million, a decrease of 2.0% compared to $171.6 million in the third quarter of fiscal 2023, and an increase of 1.3% from $166.0 million in the fourth quarter of fiscal 2022.”
Earnings Releases
FORMFACTOR INC reported fourth quarter ending December 30, 2023 results: revenue $165 million +/- $5 million, EPS $0.20 +/- $0.04.
“For the fourth quarter ending December 30, 2023, FormFactor is providing the following outlook*: GAAP Reconciling Items** Non-GAAP Revenue $165 million +/- $5 million — $165 million +/- $5 million Gross Margin 40% +/- 1.5% $2 million 41% +/- 1.5% Net income (loss) per diluted share $0.84 +/- $0.04 $0.64 $0.20 +/- $0.04”
Earnings Releases
FORMFACTOR INC reported third quarter of fiscal 2023 ended September 30, 2023 results: revenue $171.6 million, net income $17.3 million, EPS $0.22.
“Quarterly revenues were $171.6 million, an increase of 10.0% compared to $155.9 million in the second quarter of fiscal 2023, and a decrease of 5.1% from $180.9 million in the third quarter of fiscal 2022.”
Material Agreements
FORMFACTOR INC entered into Share Purchase Agreement with CAMTEK Ltd. valued at Purchase of all outstanding capital stock of FRT GmbH (effective 2023-09-17).
“On September 17, 2023, FormFactor, Inc., a Delaware corporation (“FormFactor”) and its wholly owned subsidiary FormFactor GmbH, a limited liability company organized under the laws of Germany (“FF GmbH”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with CAMTEK Ltd., a public limited company organized under the laws of Israel (“Camtek IL”) and Citus 49, GmbH (to be renamed Camtek Germay Holding GmbH), a limited liability company organized under the laws of Germany (“Camtek GER”).”
Earnings Releases
FORMFACTOR INC reported second quarter of fiscal 2023 ended July 1, 2023 results: revenue $155.9 million, net income $0.8 million, EPS $0.01 per fully-diluted share. Guidance reaffirmed.
“Calif. — August 2, 2023 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2023 ended July 1, 2023. Quarterly revenues were $155.9 million, a decrease of 6.9% compared to $167.4 million in the first quarter of fiscal 2023, and a decrease of 23.5% from $203.9 million in the second quarter of fiscal 2022. • Higher”
Shareholder Votes
FORMFACTOR INC shareholders approved Ratification of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023. at the 2023-05-19 meeting.
“Proposal 6 : Ratification of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2023: For Against Abstain 71,202,771 2,362,381 174,399 This proposal was approved.”
Shareholder Votes
FORMFACTOR INC shareholders approved Amendment and restatement of the Company’s Employee Stock Purchase Plan to increase the number of shares reserved for issuance under the Employee Stock Purchase Plan by 2,500,000 shares and to extend the term of the Stock Purchase Plan to 2033. at the 2023-05-19 meeting.
“Proposal 3 : Amendment and restatement of the Company’s Employee Stock Purchase Plan to increase the number of shares reserved for issuance under the Employee Stock Purchase Plan by 2,500,000 shares and to extend the term of the Stock Purchase Plan to 2033: For Against Abstain Broker Non-Votes 67,493,755 169,862 158,364 5,917,570 This proposal was approved.”
Shareholder Votes
FORMFACTOR INC shareholders approved Non-binding advisory vote to approve the Company's executive compensation. at the 2023-05-19 meeting.
“Proposal 2 : Non-binding advisory vote to approve the Company's executive compensation: For Against Abstain Broker Non-Votes 66,363,958 1,275,436 182,587 5,917,570 The Company’s stockholders approved, on an advisory basis, the compensation of the named executive officers as disclosed in the Proxy Statement relating to the Annual Meeting.”
Shareholder Votes
FORMFACTOR INC shareholders approved Election of directors to the Company’s Board of Directors, each to serve on the Company’s Board for a term of one year or until their successor has been elected and qualified or until their earlier death, resignation or removal. at the 2023-05-19 meeting.
“Proposal 1 : Election of directors to the Company’s Board of Directors, each to serve on the Company’s Board for a term of one year or until their successor has been elected and qualified or until their earlier death, resignation or removal. The director nominees were: Nominee For Against Abstain Broker Non-Votes Lothar Maier 63,144,457 4,520,446 157,078 5,917,570 Sheri Rhodes 67,280,546 382,901 158,534 5,917,570 Michael D. Slessor 65,529,124 2,140,879 151,978 5,917,570 Thomas St. Dennis 64,819,090 2,845,877 157,014 5,917,570 Jorge Titinger 66,479,105 1,184,730 158,146 5,917,570 Brian White 67,423,633 240,642 157,706 5,917,570 Each director nominee was elected a director of the Company.”
Earnings Releases
FORMFACTOR INC reported the first quarter of fiscal 2023 ended April 1, 2023 results: revenue $167.4 million, net income $1.3 million, EPS $0.02 per fully-diluted share.
“Calif. — May 3, 2023 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the first quarter of fiscal 2023 ended April 1, 2023. Quarterly revenues were $167.4 million, an increase of 0.9% compared to $166.0 million in the fourth quarter of fiscal 2022, and a decrease of 15.1% from $197.2 million in the first quarter of fiscal 2022. • Delivered”
Earnings Releases
FORMFACTOR INC reported the fourth quarter of fiscal 2022 ended December 31, 2022 results: revenue $166.0 million, net income net loss for the fourth quarter of fiscal 2022 was $13.7 million, or negative $0.18 per fully-diluted share, EPS negative $0.18 per fully-diluted share.
“FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the fourth quarter of fiscal 2022 ended December 31, 2022. Quarterly revenues were $166.0 million, a decrease of 8.2% compared to $180.9 million in the third quarter of fiscal 2022, and a decrease of 19.0% from $205.0 million in the fourth quarter of fiscal 2021.”
Raymond A. Link departed as Director at FORMFACTOR INC.
“On February 3, 2023, Raymond A. Link, a director of FormFactor, Inc. (the “Company”) notified the Company that he will not stand for re-election at the Company’s next annual meeting of stockholders.”
Brian White was appointed as director at FORMFACTOR INC.
“On September 26, 2022, the Company’s Board of Directors (the “Board”) approved an increase in the size of the Board from eight to nine members and appointed Brian White as a director to fill the vacancy resulting from that increase.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.