Highest-materiality recent filing
Ultra Clean appoints Michael Keogh as CFO effective August 5, 2026
Michael Keogh named CFO, succeeding Sheri Savage; reports to CEO James Xiao.
Directors Edman, Xiao, Granger, ibnAle, Liggett, Maddock, Seto, Solomon elected (33.6M-35.9M for each).
Ultra Clean Q1 revenue $533.7M beats midpoint; guides Q2 rev $565-605M
Q1 GAAP net loss $(17.9)M ($(0.40)/diluted); non-GAAP net income $14.5M ($0.31/diluted).
Ultra Clean Holdings CFO Sheri Savage to retire; successor search underway
CFO Sheri Savage notified company of retirement after 17 years of service.
Ultra Clean refinances $250M revolving credit facility, extends maturity to April 2031
Revolving credit commitments of $250M refinance and replace existing facility; maturity extended to April 23, 2031.
Ultra Clean issues $600M 0% convertible notes due 2031; enters capped call transactions
Issued $600M principal of 0.00% Convertible Senior Notes due 2031; initial conversion price ~$84.75 per share.
Ultra Clean prices upsized $525M 0% convertible notes due 2031; amends credit agreement
Priced $525M (upsized from $400M) of 0.00% convertible senior notes due 2031; initial purchasers option for additional $75M.
Ultra Clean proposes $400M convertible notes due 2031; to repurchase up to $40M stock
Offering of $400M aggregate principal amount of convertible senior notes due 2031, plus $60M greenshoe option.
Ultra Clean Q4 revenue $506.6M, GAAP loss $3.3M; FY2025 includes $151.1M goodwill impairment
Q4 GAAP revenue $506.6M, net loss $(3.3)M or $(0.07) EPS; non-GAAP net income $10.0M or $0.22 EPS.
Ultra Clean Holdings terminates COO Bajwa, appoints Robert Wunar as COO
COO Harjinder Bajwa's employment terminated effective Jan 25, 2026; severance per company policy.
Ultra Clean Q3 revenue $510M tops guidance; GAAP loss narrows; $150M buyback authorized
Q3 revenue $510M exceeded guidance midpoint; sequentially down slightly from $518.8M prior quarter.
Ultra Clean Holdings refinances $484.5M term loans, cuts interest rate by 0.5%
Refinanced $484.5M of existing term loans via Eighth Amendment to 2018 Credit Agreement.
Ultra Clean appoints James Xiao as CEO effective Sept 2, 2025; Chris Cook becomes CBO
James Xiao appointed CEO effective Sept 2, 2025; Clarence Granger steps down as CEO but remains non-executive Chair.
Ultra Clean Q2 GAAP net loss $162M on $151M goodwill impairment; revenue flat at $519M
GAAP net loss $(162.0)M ($(3.58)/share) vs $(5.0)M prior quarter; includes $151.1M pre-tax goodwill impairment.
Ultra Clean announces retirement of Services President Bentinck, names Sam Johnson as successor
Bill Bentinck, President of Services Division, retiring after 40-year career, effective Aug 15, 2025.
Ultra Clean Holdings 2025 annual meeting results; all director nominees and say-on-pay approved
All seven director nominees elected; three nominees (ibnAle, Edman, Maddock) received ~74%, ~74%, 67% in favor, respectively.
Ultra Clean Holdings Q1 revenue $518.6M, net loss $0.5M; Q2 revenue guidance $475-525M
GAAP: Revenue $518.6M, down 8% sequentially; net loss $(0.5)M or $(0.11) diluted EPS.
CEO James Scholhamer resigns for health reasons; Chairman Clarence Granger named interim CEO
James Scholhamer resigned as CEO and Board member effective March 4, 2025 due to a personal medical condition.
Ultra Clean Q4 revenue $563M (+4% QoQ); FY24 revenue $2.1B (+21% YoY)
Q4 GAAP net income $16.3M ($0.36/diluted share) vs Q3 net loss of $(2.3)M.
Ultra Clean appoints Joanne Solomon to Board of Directors effective Feb 3, 2025
Ms. Solomon, 59, served as CFO at Maxeon Solar, Katerra, and Amkor Technology (2007-2016).
Ultra Clean Q3 rev $540.4M; GAAP loss $(0.05)/sh; non-GAAP EPS $0.35; Q4 guide $535-$585M
Total revenue $540.4M ($479M Products, $61.4M Services), up from $516.1M prior quarter.
Ultra Clean Holdings cuts term loan rate by 0.25% in Seventh Amendment
Interest rate on term loan facility reduced by 0.25% per annum effective Oct 8, 2024.
Ultra Clean Q2 revenue $516.1M, net income $19.1M vs prior quarter loss; Q3 guidance $490M-540M
GAAP net income $19.1M ($0.42 diluted EPS) vs prior quarter net loss ($9.4M, $(0.21)/share).
All eight director nominees elected: Clarence Granger, James Scholhamer, David ibnAle, Emily Liggett, Thomas Edman, Barbara Scherer, Ernest Maddock, Jacqueline Seto.
Ultra Clean appoints Harjinder Bajwa as COO effective June 10, 2024
Bajwa previously COO at Reconext, SVP Global Operations at Flextronics.
Ultra Clean Q1 revenue $477.7M, GAAP loss $(0.21)/share; non-GAAP EPS $0.27
Revenue $477.7M, above prior quarter $444.8M, driven by High Bandwidth Memory and AI packaging.
Ultra Clean Holdings extends credit maturity 30 months, reduces term loan rate 25bps
Extended final maturity of term loan and revolver by 30 months.
Moss Adams resigned March 6, 2024; PwC appointed subject to acceptance procedures.
Ultra Clean Q4 rev $444.8M, net loss $0.08/shr; FY23 rev down 27% to $1.73B
Q4 2023 revenue $444.8M, GAAP net loss $(3.8)M ($0.08 loss/shr); non-GAAP net income $8.5M ($0.19 EPS).
Ultra Clean COO Vijayan Chinnasami to depart effective December 31, 2023
Vijayan Chinnasami, Chief Operating Officer, will leave Ultra Clean Holdings on December 31, 2023.
Paid $50M upfront cash; up to $50M earn-out based on 2023 adjusted EBITDA, plus up to $20M for 2024-2025 performance.
Ultra Clean reports Q3 net loss of $14.5M; revenue $435M misses earnings guidance
Q3 revenue $435.0M (Products $380.9M, Services $54.1M); net loss $(14.5)M ($(0.32)/diluted share).
Ultra Clean pre-announces Q3 GAAP EPS ~$(0.32), well below prior guidance; revenue at/above midpoint
Revenue expected at or above $430M midpoint of $405-$455M guidance range.
Ultra Clean Holdings obtains covenant relief on revolving credit facility through Dec 2024
Fifth Amendment to Credit Agreement provides relief on Consolidated Fixed Charge Coverage Ratio and Total Leverage Ratio maintenance covenants.
Ultra Clean Q2 revenue $421.5M, net loss $9.4M; Q3 guidance weak
Q2 revenue $421.5M (Products $362.5M, Services $59.0M), down from $433.3M prior quarter.
Ultra Clean enters Fourth Amendment to credit agreement, replacing LIBOR with Term SOFR
Fourth Amendment effective June 29, 2023 replaces USD LIBOR with Term SOFR plus spread adjustment.
Ultra Clean shareholders elect directors, approve equity plan increases at annual meeting
Eight director nominees elected; average ~36.9M votes for, ~1M against; broker non-votes ~3.7M.
Ultra Clean Q1 revenue $433.3M, net loss $3.4M; Q2 guidance $410-460M
Q1 revenue of $433.3M, down 23.5% from $566.4M prior quarter; net loss $(3.4)M vs prior net income $27.8M.
Ultra Clean Holdings announces Q4 and FY2022 results; press release not provided in filing text
Filed 8-K on Feb 22, 2023, reporting Q4 and FY2022 financial results via press release.
Ultra Clean Holdings revises Q4 2022 revenue guidance down to $560M-$570M from $600M-$650M
New Q4 2022 revenue guidance of $560M-$570M, down from prior $600M-$650M range.
Ultra Clean Q3 revenue $635M beats guidance; $150M buyback authorized
Revenue $635M; GAAP net income $9.7M ($0.21 EPS) includes $20.8M divestiture loss.
President of Fluid Solutions Amir Widmann resigns effective Dec 31, 2022
Amir Widmann resigned as President, Fluid Solutions, effective December 31, 2022, to pursue other career opportunities.
Ultra Clean Holdings amends credit agreement: revolver raised to $150M, maturity to Feb 2025
Third Amendment to Credit Agreement dated Aug 19, 2022, with Barclays Bank as administrative agent.
Ultra Clean Holdings increases revolver to $150M and extends maturity to Feb 2025
Revolving credit commitment increased to $150M under Third Amendment to Credit Agreement.
Ultra Clean reports Q2 GAAP net loss of $25.1M; revenue up 8% YoY
Q2 total revenue $608.7M ($532M products, $76.7M services) vs $564.1M prior quarter.
Ultra Clean Holdings appoints Brian E. Harding as Chief Accounting Officer
Brian E. Harding named CAO effective June 24, 2022; previously VP and Corporate Controller at The Greenbrier Companies.
Ultra Clean Holdings shareholders elect all director nominees, ratify auditor, approve say-on-pay
Eight director nominees elected with strong support; highest vote for Thomas T. Edman (35,283,282 for).
Ultra Clean Holdings CAO Chris Siu Resigns, Effective Immediately
Chris Siu resigned as Chief Accounting Officer and principal accounting officer effective May 16, 2022.
Ultra Clean Holdings appoints Christopher S. Cook as President, Products Business
Appointed Christopher S. Cook as President, Products Business effective April 29, 2022.
Ultra Clean Q1 revenue $564M, down 8% QoQ; GAAP EPS $0.61, non-GAAP $0.95; guides Q2 $0.84-$1.20
Total revenue $564.1M (Products $486.8M, Services $77.3M), down from $615.1M in Q4 2021.
On July 8, 2026, Ultra Clean Holdings, Inc. (the “Company”) announced that Michael Keogh will become the Company’s next Chief Financial Officer, effective August 5, 2026.
On April 28, 2026, Ultra Clean Holdings, Inc. (the “Company”) announced that Sheri Savage, the Company’s Chief Financial Officer, notified the Company of her intention to retire from the Company.
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
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
On January 29, 2025, the Board of Directors (the “Board”) of Ultra Clean Holdings, Inc. (the “Company”) appointed Joanne Solomon to serve as a member of the Board of the Company, effective February 3, 2025.
appointed Harjinder Bajwa as the Company's Chief Operating Officer, effective June 10, 2024.
On October 30, 2023, it was decided that Vijayan Chinnasami, the Chief Operating Officer of Ultra Clean Holdings, Inc. (the “Company”), will be leaving the Company effective December 31, 2023.
On October 10, 2022, Amir Widmann, President, Fluid Solutions of Ultra Clean Holdings, Inc. (the “Company”), resigned from the Company effective December 31, 2022, in order to pursue other career opportunities.
On June 23, 2022, the Board of Directors (the “Board”) of Ultra Clean Holdings, Inc. (the “Company”) appointed Brian E. Harding as the Company’s Chief Accounting Officer, effective June 24, 2022.
On May 16, 2022, Chris Siu, Chief Accounting Officer of Ultra Clean Holdings, Inc. (the “Company”), resigned from such position, and will no longer act as the Company’s principal accounting officer effective immediately.
On April 29, 2022, the Board of Directors (the “Board”) of Ultra Clean Holdings, Inc. (the “Company”) appointed Christopher S. Cook as the Company’s President, Products Business, effective April 29, 2022.
On April 22, 2022, W. Joseph Williams, the President, Products Business of Ultra Clean Holdings, Inc. (the “Company”), resigned from the Company effective May 2, 2022, in order to pursue other career opportunities.
Max materiality 0.80 · Median 0.65 · Most common event earnings