UCT - Ultra Clean Holdings Inc.
01/28/2026 | Press release | Distributed by Public on 01/28/2026 06:37
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2026, Mr. Harjinder Bajwa's employment as the Chief Operating Officer of Ultra Clean Holdings, Inc. (the "Company") was terminated effective immediately. Mr. Bajwa will receive severance benefits pursuant to the Company's policy on Severance Benefits for Executive Officers (filed as Exhibit 10.1 to the Company's Form 10-Q filed on October 29, 2025).
On January 25, 2026, the Board of Directors of the Company appointed Mr. Robert Wunar as the Company's Chief Operating Officer, effective March 23, 2026 (the "Start Date"). Prior to joining the Company, Mr. Wunar, 58, served as Managing Director of Business Unit Operations at Applied Materials, Inc. from November 2020 to January 2026, as Managing Partner at Applied Manufacturing Group, Inc. from December 2019 to November 2020, as Principal at HelmSmart Consulting from January 2017 to December 2019, and as Senior Director, Business Operations, at SolarCity from December 2014 to December 2016. Prior to that, he served in various roles at Applied Materials, Inc. from July 1992 to December 2014. Mr. Wunar holds a Bachelor of Science in Electronics Engineering Technology from DeVry Institute of Technology. Mr. Wunar's salary will be $475,000 per year. Mr. Wunar is also eligible to participate in the Company's management bonus plan, which includes an initial target bonus of 85% of his base salary on an annualized basis after one full quarter of employment. Subject to the approval of the Company's shareholders at its next annual meeting, Mr. Wunar will also be granted an equity award with a grant date value of $1,500,000 (one-half in time-based restricted stock units and one-half in performance-based stock units, with the time-based restricted stock units vesting over three years in three equal annual installments), and shall otherwise be subject to the terms and conditions set forth in the Company's standard form of restricted stock unit agreement and stock incentive plan. In addition, Mr. Wunar will receive a sign-on bonus of $200,000, that will be subject to clawback if Mr. Wunar resigns from the Company or his employment is terminated for "cause" in each case within 12 months of the Start Date.
There are no arrangements or understandings between Mr. Wunar and any other persons pursuant to which he was appointed as the Company's Chief Operating Officer, and no family relationships among any of the Company's directors or executive officers and Mr. Wunar. Mr. Wunar has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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