[SCHEDULE 13G] Ultra Clean Holdings, Inc. SEC Filing
Rhea-AI Filing Summary
Frontier Capital Management Co., LLC disclosed beneficial ownership of 2,754,163 shares of Ultra Clean Holdings, Inc. common stock, representing 6.1% of the class. The filer reports no sole voting or dispositive power; instead it reports shared voting power of 1,615,497 shares and shared dispositive power for 2,754,163 shares. The reporting person is classified as an investment adviser (IA).
The filing includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. No group, subsidiary, or additional account-level details or transactions are reported in the statement.
Positive
- Reporting person crossed the 5% threshold with 2,754,163 shares (6.1%) beneficially owned
- Filer reports shared voting power for 1,615,497 shares, indicating potential influence without sole control
- Filing classifies the reporting person as an investment adviser (IA) and includes a certification of ordinary-course holdings
Negative
- None.
Insights
TL;DR: Frontier reports a material 6.1% beneficial stake with shared voting influence but no sole control.
The disclosure shows Frontier holds 2,754,163 shares, crossing the 5% reporting threshold and therefore becoming a publicly reportable holder. Shared voting power of 1,615,497 shares indicates the firm may participate in governance discussions but does not claim sole control. The certification that shares are held in the ordinary course suggests no stated intent to seek control. This is a material ownership disclosure but does not, by itself, indicate activist intent or imminent governance change.
TL;DR: A passive investment-adviser ownership above 5% that discloses shared voting rights but denies intent to influence control.
Classification as an IA and the explicit certification limit the filing's signal to investors: it documents significant exposure to the issuer without asserting control. The absence of reported group affiliations or subsidiary acquisitions simplifies the ownership picture. For governance, shared voting power is meaningful but insufficient to effect unilateral board changes.