Ultra Clean (NASDAQ: UCTT) announces retirement of longtime CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Ultra Clean Holdings, Inc. announced that Chief Financial Officer Sheri Savage has notified the company of her intention to retire. She will remain CFO until the Board identifies and appoints a successor to support an orderly transition. The Board has launched a comprehensive search, considering internal and external candidates.
Savage has served at Ultra Clean for 17 years, with company leadership crediting her with strengthening financial discipline and guiding strategy through multiple industry cycles. Statements from the CEO and Savage emphasize continuity and note that Ultra Clean believes it is well positioned for future growth.
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Negative
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Insights
Ultra Clean discloses an orderly, planned CFO retirement.
Ultra Clean Holdings reported that longtime CFO Sheri Savage plans to retire after 17 years with the company. She will stay in her role until the Board appoints a successor, indicating a structured transition rather than an abrupt departure.
The company highlighted her role in building financial strength, operational discipline, and long-term strategy across multiple industry cycles. The Board has begun a comprehensive search for a new CFO, looking at internal and external candidates, which suggests an emphasis on continuity and preserving existing financial practices.
The impact for investors will depend on who is ultimately chosen and how smoothly responsibilities transfer. Future company communications about the appointment of a new CFO will shed more light on any potential strategic or financial policy changes following this leadership transition.
8-K Event Classification
2 items: 5.02, 9.01
2 items
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 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CFO tenure: 17 years
1 metrics
CFO tenure
17 years
Length of service of CFO Sheri Savage at Ultra Clean
Key Terms
Chief Financial Officer, semiconductor industry, ultra-high purity cleaning, micro-contamination analytical services
4 terms
Chief Financial Officer financial
"Ultra Clean Announces Retirement of the Chief Financial Officer Sheri Savage"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
semiconductor industry technical
"primarily for the semiconductor industry"
Companies that design, make and sell semiconductor chips — the tiny electronic “brains” and switches inside phones, cars, servers and many other devices. The industry matters to investors because chips underpin a huge swath of modern technology, so its health affects revenue, profit and supply chains across many sectors; it is sensitive to changes in demand, production capacity and new technical breakthroughs, which can drive big swings in company value.
ultra-high purity cleaning technical
"ultra-high purity cleaning and analytical services"
micro-contamination analytical services technical
"as well as micro-contamination analytical services"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
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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:
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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).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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. Ms. Savage will continue to serve as Chief Financial Officer until a successor has been identified and appointed by the Company’s Board of Directors in order to facilitate an orderly transition of her duties and responsibilities. The Company has commenced a search for her successor.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Exhibit Description | |||||||
| 99.1 | Press Release dated April 28, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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 thereunto duly authorized.
| ULTRA CLEAN HOLDINGS, INC. | |||||||||||
| Date: | April 28, 2026 | By: | /s/ Paul Y. Cho | ||||||||
| Name: Paul Y. Cho Title: General Counsel and Corporate Secretary | |||||||||||
Exhibit 99.1
| Press Release | Source: Ultra Clean Holdings, Inc. | ||||
Ultra Clean Announces Retirement of the Chief Financial Officer Sheri Savage
HAYWARD, Calif., Tuesday April 28, 2026 / PRNewswire / Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that Sheri Savage, CFO, will be retiring from the company.
“On behalf of the Board and the entire UCT team, I want to extend my deepest gratitude to Sheri for her remarkable 17 years of leadership and service” said James Xiao, CEO. “Throughout her tenure, Sheri has played a pivotal role in shaping UCT’s financial strength, operational discipline, and long-term strategic direction. Her steady leadership, deep expertise, and unwavering commitment to excellence have helped guide the company through multiple industry cycles, positioning UCT for the next phase of growth. Sheri has been a trusted partner to me, the Board, and the broader global finance team, and her positive impact on this company will be lasting. We thank her sincerely for her dedication and wish her all the very best in her well-earned retirement.”
“It has been an incredible honor to be part of UCT’s journey over the past 17 years. I am deeply proud of what we have built together - strengthening our financial foundation, supporting our customers, and growing alongside a truly talented and committed global team,” said Sheri. “I am grateful for the trust and support I’ve received from my colleagues, our leadership team, and the Board throughout my tenure. UCT is well positioned for the future, and I look forward to watching the company continue to grow and succeed in the years ahead.”
The Board has initiated a comprehensive search for Sheri’s successor, considering both internal and external candidates, and will provide an update in due course.
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.
Contact:
Rhonda Bennetto
SVP Investor Relations
rbennetto@uct.com
FAQ
What did Ultra Clean Holdings (UCTT) announce about its CFO?
Ultra Clean Holdings announced that Chief Financial Officer Sheri Savage intends to retire. She will continue serving as CFO until the Board appoints a successor, allowing time for an orderly transition of her responsibilities and supporting continuity in the company’s financial leadership.
How long has Ultra Clean’s retiring CFO Sheri Savage been with UCTT?
Sheri Savage has been with Ultra Clean for 17 years. Company leadership credits her with strengthening the firm’s financial foundation, improving operational discipline, and helping guide strategy through multiple semiconductor industry cycles during her long tenure at the business.
Will Sheri Savage remain CFO of Ultra Clean (UCTT) during the transition?
Yes. Sheri Savage will continue to serve as Chief Financial Officer until a successor is identified and appointed by Ultra Clean’s Board. This approach is intended to facilitate an orderly transition of duties and maintain stability in the company’s finance function.
How is Ultra Clean Holdings (UCTT) searching for a new CFO?
Ultra Clean’s Board has initiated a comprehensive search for Sheri Savage’s successor. The process will consider both internal and external candidates, and the company has stated it will provide an update on the appointment of a new CFO in due course.
What business does Ultra Clean Holdings (UCTT) operate in?
Ultra Clean Holdings is a leading developer and supplier of critical subsystems, components, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. It operates Products and Services divisions, supporting complex manufacturing and contamination-control needs for its customers.
How does Ultra Clean describe its position after the CFO retirement announcement?
Ultra Clean states it is well positioned for the future. In her remarks, Sheri Savage expressed pride in strengthening the firm’s financial foundation and confidence in the company’s ability to continue growing and succeeding after her retirement from the CFO role.