Tammy J. Miller
On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.
Highest-materiality recent filing
SkyWater shareholders approve merger with IonQ; over 32.5M shares voted for
Proposal to adopt merger agreement with IonQ passed with ~32.58 million votes for, 0.40 million against.
SkyWater and IonQ receive FTC Second Request for merger review; closing still expected Q2-Q3 2026
FTC issued Second Request on April 24, 2026, extending HSR waiting period.
SkyWater approves cash retention awards for three NEOs tied to IonQ merger closing
CEO Sonderman: $579k; Sakamoto: $347,975; Manko: $337,840 cash retention awards.
SkyWater Q4 revenue $171M (+127% YoY); GAAP net loss $0.16/share; FY2025 revenue $442M (+29%)
Q4 GAAP net loss to shareholders $7.8M ($0.16 diluted loss); non-GAAP net loss $1.6M ($0.03 loss).
IonQ to acquire SkyWater for $35/share in cash-and-stock deal valued at ~$1.8B
Purchase price $35/share: $15 cash + $20 IonQ stock; 38% premium to 30-day VWAP.
SkyWater to be acquired by IonQ for $15 cash + IonQ shares (~$35 total per share)
Each SkyWater share converts into $15 cash plus a variable number of IonQ shares (exchange ratio collared between 0.3326 and 0.5265).
SkyWater Q3 revenue $150.7M (+60.7% YoY); non-GAAP EPS $0.24 vs $0.08; guides Q4 rev $155-165M
Q3 total revenue $150.7M (record), up 60.7% YoY; GAAP net income $144.0M includes $110.8M bargain purchase gain.
SkyWater files Fab 25 acquisition financials: FY2024 revenue $335.5M, net assets $176.8M
FY2024 revenue $335.5M; net revenues after direct expenses $25.9M (7.7% margin).
SkyWater Q2 revenue $59.1M, net loss $0.21/sh; closes Infineon Fab 25 buy; Q3 rev guidance $130-141M
Q2 total revenue $59.1M, down 37% YoY; GAAP net loss $0.21/sh vs loss $0.04/sh; adjusted EBITDA $2.3M (72% decline).
SkyWater completes $93M acquisition of Infineon's Austin 200mm fab, secures $350M credit facility
Closed acquisition of Spansion Fab 25 LLC (Infineon 200mm fab) for ~$93M cash on June 30, 2025.
SkyWater annual meeting elects all nine directors; substantial withhold votes for three directors
All nine director nominees elected; Loren A. Unterseher received 6.28M withhold votes (21.0% of votes cast).
SkyWater Q1 revenue down 23% to $61.3M, EPS $(0.15); Q2 guidance weak
Revenue $61.3M, down 23% YoY; ATS development $52.5M (-14%), Wafer Services $7.5M (-25%), Tools $1.2M (-86%).
SkyWater elects three new independent directors to Board, effective March 31, 2025
Timothy E. Baxter, Andrew D.C. LaFrence, and Tammy J. Miller elected to Board, term through 2025 annual meeting.
SkyWater Q4 revenue $75.5M (-5% YoY); FY2024 record $342.3M; Q1 2025 guidance $59-63M
Q4 GAAP net loss $0.7M ($0.01/share), improved from $10.3M loss YoY; non-GAAP net income $1.9M ($0.04/share).
SkyWater to acquire Infineon's 200 mm Austin fab for ~$110M
Total purchase price ~$110M: $55M cash at close, $30M estimated working capital, $25M deferred in wafer credits.
SkyWater extends credit facility maturity to 2028, boosts revolver to $130M
Maturity of revolving loan facility extended from Dec 2025 to Dec 31, 2028.
SkyWater posts record Q3 revenue of $93.8M, swings to GAAP net income of $1.5M
Record revenue $93.8M (+31% YoY); GAAP EPS $0.03 vs loss $(0.16); non-GAAP EPS $0.08 vs loss $(0.05).
SkyWater director Amy Leong resigns from board effective Sep 29, 2024
Chunyi (Amy) Leong notified SkyWater of her resignation from the Board on Sep 15, 2024.
SkyWater Q2 revenue record $93.3M (+34% YoY); non-GAAP EPS positive $0.02
Revenue $93.3M, up 34% YoY, eighth straight record quarter; ATS development revenue $61.7M +18%.
SkyWater dismisses Deloitte, hires KPMG; unremediated control weakness remains
Deloitte dismissed as auditor on June 21, 2024; KPMG engaged for FY ending Dec 29, 2024.
SkyWater stockholders elect nine directors, ratify Deloitte as auditor for FY2024
All nine director nominees elected; votes for ranged from 23.9M (Unterseher) to 31.2M (Daly); 7.1M broker non-votes.
SkyWater Q1 revenue rises 20% to record $79.6M; net loss widens to $0.12/share
GAAP net loss $5.7M ($0.12) vs $4.3M ($0.10) in Q1 2023; non-GAAP loss $3.7M ($0.08).
SkyWater elects two new directors, Goetz and Humke, effective April 1, 2024
Dennis J. Goetz and Joseph J. Humke elected to Board, effective April 1, 2024.
On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.
On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.
On March 30, 2025, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Timothy E. Baxter, Andrew D. C. LaFrence and Tammy J. Miller to serve on the Board effective March 31, 2025.
On September 15, 2024, Chunyi (Amy) Leong informed SkyWater Technology, Inc. (the “Company”) of her decision to resign from the Company’s Board of Directors (the “Board”) effective September 29, 2024.
elected Dennis J. Goetz and Joseph J. Humke to serve on the Board effective April 1, 2024.
elected Dennis J. Goetz and Joseph J. Humke to serve on the Board effective April 1, 2024.
Max materiality 1.00 · Median 0.70 · Most common event earnings