ICHOR HOLDINGS, LTD. (NASDAQ:ICHR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Promotion of Jeffrey Andreson from CFO to President
On April8,2019, Jeffrey Andreson, Chief Financial Officer of Ichor Holdings,Ltd. (the “Company”), was promoted to President of the Company, effective immediately, and will continue to report directly to the Company’s Chief Executive Officer, Thomas Rohrs. Mr.Andreson will temporarily retain the title of Chief Financial Officer until his successor is hired. In connection with his promotion to President, Mr.Andreson’s annual base salary will increase to $450,000 and his annual incentive target bonus will increase from 70% to 75% of his annual base salary. Additionally, Mr.Andreson will be granted restricted share units and stock options representing a grant-date fair value of $875,000 and $375,000, respectively.
Mr.Andreson, 57, has been serving as Ichor’s CFO since 2017. For the three years prior, he served as CFO of Nanometrics, a leading provider of advanced process control systems to the semiconductor industry. Mr.Andreson also served for seven years as CFO of Intevac, a leading supplier of thin-film processing equipment and digital night vision technologies. Mr.Andreson previously spent 12years at Applied Materials, where he served in several financial leadership and management positions, including as controller of the $2billion Applied Global Services business. Mr.Andreson earned his B.S., Finance at San Jose State University and his M.B.A. at Santa Clara University.
A copy of the press release announcing Mr.Andreson’s Promotion to President of the Company is attached hereto as Exhibit99.1.
A copy of Mr.Andreson’s offer letter is attached hereto as Exhibit10.1.
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Item 5.02 |
Financial Statements and Exhibits |
ICHOR HOLDINGS, LTD. Exhibit
EX-10.1 2 ichr-ex101_37.htm EX-10.1 OFFER LETTER ichr-ex101_37.htm Exhibit 10.1 April 8,…
To view the full exhibit click here
About ICHOR HOLDINGS, LTD. (NASDAQ:ICHR)
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems. Its gas delivery systems consist of gas lines, each controlled by a series of mass flow controllers, regulators, pressure transducers and valves, and an integrated electronic control system. Its gas delivery subsystems are used in equipment for dry manufacturing processes, such as etch, physical vapor deposition, epitaxy and strip. Its chemical delivery subsystems are used to precisely blend and dispense reactive chemistries and colloidal slurries critical to the specific wet front-end process, such as wet clean, electro chemical deposition (ECD) and chemical-mechanical planarization (CMP). It manufactures various components for internal use in fluid delivery systems and for direct sales to its customers.
