Every 8-K that Shimmick Corporation (SHIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SHIM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SHIM filings page.
Shimmick Corporation (SHIM), through its wholly owned subsidiary Shimmick Construction Company, Inc., entered into a loan and security agreement with Sixty-First Commercial Finance, LLC providing $14.3 million of borrowing capacity. The related promissory note matures October 2, 2031 and accrues interest at 9.31% per annum. Shimmick said it intends to use proceeds from the note for project expenses and other general corporate purposes.
The borrower granted a security interest in specified equipment and related assets, and Shimmick and a wholly owned subsidiary guaranteed the borrower’s obligations. Upon a default, the lender may charge interest at the lesser of 15.0% per annum and the maximum rate allowable under applicable law. It may also declare the debt and other obligations immediately due and payable, subject to applicable cure periods. On October 2, 2026, Shimmick repaid all amounts outstanding under and terminated its prior loan agreement. Amendments to two other credit agreements replaced references to that facility with references to the new loan agreement.
Shimmick Corporation reported results for the quarter ended July 3, 2026. Revenue was $107 million, down from $128 million a year earlier, but gross margin improved to $12 million, lifting gross margin to 12% from 6%. Net loss narrowed to $5 million versus $9 million, and Adjusted net loss was about $0.5 million.
Adjusted EBITDA rose to $4 million from roughly breakeven, the fourth consecutive positive quarter. Liquidity was $33 million. Backlog reached approximately $991 million, the highest since Q1 2024, with a Q2 book-to-burn ratio of 1.4x and $138 million of new awards plus $221 million of pending awards.
Management updated full-year 2026 revenue guidance to $525–$575 million, implying about 12% year-over-year growth at the midpoint, and reaffirmed Adjusted EBITDA guidance of $15–$30 million, which at the midpoint represents 350% growth over the prior year.
Shimmick Corporation reported the results of its 2026 Annual Meeting of Stockholders held on June 2, 2026. Stockholders elected five directors to one-year terms ending at the 2027 annual meeting. Each nominee received over 22.6 million votes in favor, with relatively few votes against or abstentions.
Mitchell B. Goldsteen received 22,767,298 votes for and 777,200 against, while Ural Yal received 23,109,765 votes for and 37,886 against. Stockholders also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending January 1, 2027, with 25,372,573 votes for, 168,195 against, and 92 abstentions.
Shimmick Corporation reported that it completed an underwritten public offering of 4,289,500 shares of common stock at $3.50 per share. This total includes 559,500 additional shares sold when the underwriter fully exercised its 30-day option at closing.
After underwriting discounts and estimated expenses, Shimmick received approximately $14.0 million in net proceeds from the offering. The transaction closed on May 26, 2026 and was conducted under the company’s effective Form S-3 shelf registration statement using a prospectus supplement.
Shimmick Corporation reported a smaller loss in Q1 2026 as margins and backlog improved despite lower revenue. Revenue for the quarter ended April 3, 2026 was $88.0 million, down from $122.1 million a year earlier, but gross margin rose to $10.9 million from $4.7 million.
The company posted a net loss attributable to Shimmick of $4.6 million, improving from a $9.8 million loss, and delivered Adjusted EBITDA of $2.6 million, up from a negative $3.0 million. Liquidity was $34 million and backlog reached about $944 million, with a Q1 book-to-burn ratio of 2.6x and $289 million of new awards.
Management reaffirmed full-year 2026 guidance for consolidated revenue of $550–$600 million and Adjusted EBITDA of $15–$30 million, implying strong year-over-year growth. Non-Core Projects now represent a low-single-digit share of backlog as the company shifts toward higher-margin core infrastructure work.
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.
Shimmick Corporation reported that longtime director Steven Richards will retire from its board at the end of his term at the company’s 2026 annual meeting of stockholders. Richards has served the company for 45 years, including as Chief Executive Officer from March 2020 through December 2024 and guiding Shimmick through its November 2023 initial public offering.
Following his retirement, Shimmick expects to reduce the size of its board of directors to five members.
Shimmick Corporation reported sharply improved fourth-quarter and full-year 2025 results, though it remains unprofitable. Q4 2025 revenue was $100 million versus $104 million a year earlier, but gross margin swung to a $10 million profit from a $21 million loss and net loss narrowed to $2.9 million from $38.5 million.
For 2025, revenue rose to $493 million from $480 million and gross margin improved to $34 million from a $56 million loss, while net loss narrowed to $25.6 million from $124.7 million. Adjusted EBITDA turned positive at $4.8 million for the year, compared with a $61.4 million loss in 2024.
Backlog was about $793 million as of January 2, 2026, with a Q4 book‑to‑burn ratio of 1.4x and $139 million in new awards. Management expects 2026 consolidated revenue of $550–$600 million and Adjusted EBITDA of $15–$30 million, implying strong growth if achieved.
Shimmick Corporation furnished a press release announcing financial results for the third quarter ended October 3, 2025. The release is included as Exhibit 99.1 and was provided under a current report on Form 8‑K.
The company states the press release includes backlog and new awards data. Backlog represents the total dollar value of contracted work remaining and is adjusted for cancellations, deferrals, scope changes, and cost revisions. New awards reflect the dollar value of contracts executed during the period.
Shimmick Corporation entered into an at-the-market offering agreement with Roth Capital Partners to sell up to $7,800,000 of its common stock from time to time. Roth will act as sales agent, placing shares in at-the-market offerings under the company’s effective Form S-3 shelf registration and a related prospectus supplement dated September 8, 2025.
Shimmick is not required to sell any shares under this agreement and either party can suspend or terminate the offering before the full amount is sold. The company will pay Roth a cash commission of up to 3% of the gross proceeds from each share sale and reimburse up to $50,000 of documented legal fees. The agreement includes customary representations, covenants, and indemnification provisions for the sales agent.