STOCK TITAN
  1. Home
  2. Sec-filings
  3. SHIM
  4. [8-K] Shimmick Corp Reports Material Event

Shimmick (NASDAQ: SHIM) hires Sarah Tacker as EVP and COO with RSU package

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Shimmick Corporation appointed Sarah Tacker as Executive Vice President and Chief Operating Officer effective April 28, 2026. She joins from FlatironDragados, where she led Northern California operations and brings 27 years of construction industry experience.

Under her offer letter, Ms. Tacker receives an annual base salary of $500,000 and is eligible for an annual cash bonus targeted at 50% of base salary, based on performance goals set by the board. Her equity package includes a one-time grant of restricted stock units with a fair market value of $150,000 that vest 30 days after her start date, plus annual RSU grants valued at $500,000 vesting in three equal installments on the first three anniversaries of her start date, subject to continued employment. She will also participate in Shimmick’s standard benefit programs and enter into its standard officer indemnification agreement.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Base salary $500,000 per year Annual base salary for COO Sarah Tacker
Target bonus 50% of base salary Annual cash bonus target under incentive plan
Sign-on RSU value $150,000 One-time RSU sign-on award fair market value
Annual RSU grant $500,000 Recurring annual RSU award fair market value
Sign-on vesting 30 days after start date Vesting schedule for sign-on RSUs
Annual RSU vesting period 3 years Annual RSUs vest in three equal yearly installments
Industry experience 27 years Sarah Tacker’s experience in construction industry
restricted stock units financial
"a one-time grant of restricted stock units (“RSUs”) under the Company’s Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"a one-time grant of restricted stock units (“RSUs”) under the Company’s Equity Incentive Plan (“EIP”)"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
indemnification agreement regulatory
"Ms. Tacker will also enter into the Company’s standard form of indemnification agreement for directors and officers"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Annual Incentive Bonus Plan financial
"eligibility for an annual cash bonus under the Company’s Annual Incentive Bonus Plan with a target award equal to 50% of base salary"
forward-looking statements regulatory
"This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Understanding 8-K Material Events →
0001887944false00018879442026-04-282026-04-28

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2026

Shimmick Corporation

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-41867

84-3749368

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

 

 

530 Technology Drive

Suite 300

Irvine, CA

92618

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (833) 723-2021

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.01 per share

 

SHIM

 

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers, Election of Directors, Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.

 

Sarah Tacker Appointment to Chief Operating Officer

On April 28, 2026 (the “Announcement Date”), Shimmick Corporation (the “Company”) announced the appointment of Sarah Tacker as the Company’s Executive Vice President, Chief Operating Officer, effective April 28, 2026 (the “Start Date”).

Ms. Tacker is joining Shimmick from FlatironDragados, where she began her 27 year career and most recently served as Vice President, District Manager, leading Northern California operations including business strategy, pursuit leadership, financial performance, client relationships and workforce development. Ms. Tacker also serves on the board of directors of the Associated General Contractors of California and collaborated with the Beavers Organization to establish the Women in Heavy Civil Committee of which she is a member. Ms. Tacker has a bachelor's degree in civil engineering from Tulane University.

 

Sarah Tacker Offer Letter

In connection with Ms. Tacker’s appointment as Chief Operating Officer, the Company provided an offer letter, dated as of March 24, 2026, which provides for the following key compensation and benefits:

•
annual base salary of $500,000;
•
eligibility for an annual cash bonus under the Company’s Annual Incentive Bonus Plan with a target award equal to 50% of base salary, based upon annual performance targets established by the Board (or the Compensation Committee thereof);
•
an equity sign-on bonus consisting of a one-time grant of restricted stock units (“RSUs”) under the Company’s Equity Incentive Plan (“EIP”) with a fair market value on the Announcement Date equal to $150,000 (the “Sign-On Bonus RSUs”) and (ii) an annual grant of RSUs under the EIP with a fair market value on the Announcement Date equal to $500,000 (the “Annual Grant RSUs”). The Sign-On Bonus RSUs will vest on the 30-day anniversary of the Start Date and the Annual Grant RSUs will vest in three equal installments on the first, second and third anniversaries of the Start Date, each subject to Ms. Tacker’s continued employment with the Company through the vesting date; and
•
expense reimbursement and participation in the Company’s retirement, health and welfare, vacation and other benefit programs.

Ms. Tacker will also enter into the Company’s standard form of indemnification agreement for directors and officers, a form of which was previously filed by the Company as Exhibit 10.1 to the Company’s Registration Statement on Form S-1/A on October 24, 2023.

There are no arrangements or understandings between Ms. Tacker and any other persons pursuant to which she was elected as an officer of the Company. There are also no family relationships between Ms. Tacker and any director or executive officer of the Company. Ms. Tacker has no direct or indirect material interest in any related party transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The foregoing summary of the Offer Letter is not complete and is subject to, qualified in its entirety by, and should be read in conjunction with, the full text of the Offer Letter, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 8.01 Other Events.

 

On April 28, 2026, the Company issued a press release announcing Ms. Tacker’s appointment as Chief Operating Officer. A copy of the press release is furnished as Exhibit 99.1 hereto. This information is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits.

 

 

Exhibit

Number

Description

1

 

10.1

 

Offer Letter, between Shimmick Corporation and Sarah Tacker, dated March 24, 2026

99.1

 

Press Release

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

2

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Shimmick Corporation

Date: April 28, 2026

By:

/s/ John Carpenter

John Carpenter

Executive Vice President and General Counsel

 

3

 

Shimmick Corporation Appoints Sarah Tacker as Executive Vice President and Chief Operating Officer

Irvine, Calif., April 28, 2026 – Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, today announced the appointment of Sarah Tacker as Executive Vice President and Chief Operating Officer effective April 28, 2026.

In this role, Ms. Tacker will oversee Shimmick’s operational functions and will be responsible for strengthening execution, improving processes and supporting consistent performance as Shimmick continues to scale. Ms. Tacker will report to Ural Yal, Chief Executive Officer.

“Sarah is a proven, execution‑focused operator with 27 years of experience in the construction industry with a background in managing large teams and strategic growth, and we are extremely excited to welcome her to the Shimmick team,” said Ural Yal, Chief Executive Officer of Shimmick Corporation. “We are confident that Sarah’s experience leading multi-faceted infrastructure programs will be a significant asset to Shimmick as we advance our strategic priorities. Her leadership and deep operational and management expertise will be critical to driving improved execution as Shimmick continues its next phase of growth.

Ms. Tacker is joining Shimmick from FlatironDragados, where she most recently served as Vice President, District Manager leading Northern California operations including business strategy, pursuit leadership, financial performance, client relationships, and workforce development.

The appointment supports Shimmick’s focus on advancing our strategic objectives through operational excellence.

About Shimmick

Shimmick Corporation (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resilience, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record spanning over a century, Shimmick, headquartered in California, unites a deep engineering heritage with an entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit www.shimmick.com.

 

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are often characterized by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar words. Forward-looking statements are only predictions based on our current expectations and our projections about future events, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances, including, but not limited to, unanticipated events, after the date on which such statement is made, unless otherwise required by law. Forward-looking statements contained in this release include, but are not limited to, statements about: expected future financial performance (including the assumptions related thereto), including our revenue, net loss, backlog and Adjusted EBITDA; our growth prospects, including with respect to new awards, certain geographies and our electrical business; our expectations regarding profitability; our strategic transformation towards becoming more capital-efficient business; our market relationships and reputation; our core capabilities and skillset; the risk profile of our project portfolio; and our capital plans and expectations related thereto. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Forward-looking statements are only predictions based on our current expectations and our projections about future events, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances, including, but not limited to, unanticipated events, after the date on which such statement is made, unless otherwise required by law.

We wish to caution readers that, although we believe any forward-looking statements are based on reasonable assumptions, certain important factors may have affected and could in the future affect our actual financial results and could cause our actual financial results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on our behalf, including, but not limited to, the following: our ability to accurately estimate risks, requirements or costs when we bid on or negotiate a contract; the impact of our fixed-price contracts; qualifying as an eligible bidder for contracts; the availability of qualified personnel, joint venture partners and subcontractors; inability to attract and retain qualified managers and skilled employees and the impact of loss of key management; higher costs to lease, acquire and maintain equipment necessary for our operations or a decline in the market value of owned equipment; subcontractors failing to satisfy their obligations to us or other parties or any inability to maintain subcontractor relationships; marketplace competition; our inability to obtain bonding; our limited operating history as an independent company following our separation from AECOM, our prior owner, our relationship and transactions with our prior owner; our prior owner defaulting on its contractual obligations to us or under agreements in which we are beneficiary; our limited number of customers; any inability to successfully expand our business into new markets or geographies; dependence on

subcontractors and suppliers of materials; any inability to secure sufficient aggregates; an inability to complete a merger or acquisition or to integrate an acquired company’s business; adjustments in our contract backlog; accounting for our revenue and costs involves significant estimates, as does our use of the input method of revenue recognition based on costs incurred relative to total expected costs; material impairments; any failure to comply with covenants under any current indebtedness, and future indebtedness we may incur; the adequacy of sources of liquidity; the outcome of any legal or regulatory proceedings to which we are, or may become, a party; cybersecurity attacks against, disruptions, failures or security breaches of, our information technology systems; seasonality of our business; pandemics and public health emergencies; commodity products price fluctuations, inflation (and actions taken by monetary authorities in response to inflation) and/or elevated interest rates; climate change; deterioration of the U.S. economy; changes in state and federal laws, regulations or policies under the current presidential administration, including changes in trade policies and regulations, including increases or changes in duties, current and potentially new tariffs or quotas and other similar measures, as well as the impact of retaliatory tariffs and other actions, changes to tax legislation, including the passage of the One Big Beautiful Bill Act, potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, changes to immigration laws, as well as other legislation and executive orders related to governmental spending, and geopolitical risks, including those related to the war between Russia and Ukraine and hostilities in the Middle East; and other risks detailed in our filings with the Securities and Exchange Commission, including the “Risk Factors” section in our Annual Report on Form 10-K for the fiscal year ended January 2, 2026 and those described from time to time in our future reports with the SEC.

 

Investor Relations Contact

1-949-704-2350

IR@shimmick.com

 

Source: View Original Filing on SEC EDGAR

FAQ

What executive role did Shimmick (SHIM) announce for Sarah Tacker?

Shimmick appointed Sarah Tacker as Executive Vice President and Chief Operating Officer effective April 28, 2026. She will oversee operational functions, focusing on execution, process improvement, and supporting consistent performance as the company scales, and will report directly to Chief Executive Officer Ural Yal.

What is Sarah Tacker’s base salary and bonus opportunity at Shimmick (SHIM)?

Sarah Tacker’s annual base salary is set at $500,000. She is also eligible for an annual cash bonus under Shimmick’s Annual Incentive Bonus Plan, with a target equal to 50% of base salary, based on performance targets established by the board or its compensation committee.

What equity compensation will Shimmick (SHIM) grant to Sarah Tacker?

Shimmick will grant a one-time RSU sign-on award with fair market value of $150,000 and annual RSU grants valued at $500,000. The sign-on RSUs vest 30 days after her start date, while the annual RSUs vest in three equal installments over three years, subject to continued employment.

When do Sarah Tacker’s restricted stock units vest at Shimmick (SHIM)?

The sign-on RSUs for Sarah Tacker vest on the 30-day anniversary of her April 28, 2026 start date. Her annual RSU grants vest in three equal installments on the first, second, and third anniversaries of that start date, contingent on continued employment with Shimmick.

What relevant experience does Sarah Tacker bring to Shimmick (SHIM)?

Sarah Tacker brings 27 years of construction industry experience, most recently as Vice President, District Manager at FlatironDragados. She led Northern California operations, including business strategy, financial performance, client relationships, and workforce development, and serves on industry organizations such as the Associated General Contractors of California.

Filing Exhibits & Attachments

3 documents

Press Releases

Agreements & Contracts

Other Documents