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Get filing alertsUltra Clean CFO Sheri Savage retires; transitions to advisory role through May 2027
Filed August 6, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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CFO Sheri Savage retired effective August 5, 2026, with no disagreement on operations, policies, or financial reporting. Michael Keogh succeeded her as CFO the same day.
Item 5.02 verify on EDGAR → -
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Savage remains employed as Finance Advisor through May 1, 2027, performing transition projects as requested, with continued base salary, fiscal 2026 bonus eligibility, and equity vesting.
Item 5.02 verify on EDGAR →
Summary
Ultra Clean Holdings disclosed the retirement of CFO Sheri Savage, effective August 5, 2026, as previously announced. The filing confirms her departure was not due to any disagreement with the company on operations, policies, or financial reporting matters. Michael Keogh succeeded her as CFO on the same date. Savage will remain employed as Finance Advisor through May 1, 2027, under a garden leave arrangement.
During this period, she will receive her base salary, remain eligible for her fiscal 2026 bonus, and continue vesting her outstanding equity awards. She will perform only transition-related projects as requested. This is a routine executive transition with continuity measures in place.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
Under the Transition Agreement, Ms. Savage will remain employed by the Company as a non-officer employee with the title of Finance Advisor until May 1, 2027 (the “Separation Date”), unless her employment terminates earlier (the period of her continued employment, the “Garden Leave Period”). During the Garden Leave Period, she will be relieved of her duties as Chief Financial Officer and will perform only transition-related special projects as the Company may reasonably request.
Savage will remain employed as Finance Advisor through May 1, 2027, performing only transition-related projects as requested. This garden leave arrangement provides continuity during the CFO transition period.
Added in current filing · verify on EDGAR →
Subject to Ms. Savage’s execution and non-revocation of a general release of claims and her continued compliance with the Transition Agreement, during the Garden Leave Period the Company will continue her base salary at the rate in effect on August 5, 2026, her eligibility for a fiscal year 2026 annual bonus, and her participation in the Company’s employee benefit plans, in each case subject to the applicable plans and policies; she will not be eligible for any salary increase or additional equity awards. Her outstanding equity awards will continue to vest during the Garden Leave Period in accordance with their terms, and any awards that remain unvested when her employment ends will be forfeited.
During the garden leave period through May 1, 2027, Savage will receive her base salary, remain eligible for the fiscal 2026 annual bonus, and continue participating in employee benefit plans. Her outstanding equity awards will continue vesting during this period, but she will not receive salary increases or new equity grants. Any unvested awards will be forfeited when her employment ends.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 7, 2026 · How we verify