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Share Name | Share Symbol | Market | Type |
---|---|---|---|
SkyWater Technology Inc | NASDAQ:SKYT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.38 | -4.51% | 8.04 | 8.03 | 8.05 | 8.32 | 7.80 | 8.21 | 375,800 | 18:22:43 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
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 Exchange Act:
Title of Each Class |
Trading |
Name of Each Exchange on Which Registered | ||
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 Officers; Compensatory Arrangements of Certain Officers.
On March 7, 2024, the Board of Directors (“Board”) of SkyWater Technology, Inc. (the “Company”) elected Dennis J. Goetz and Joseph J. Humke to serve on the Board effective April 1, 2024. Each of Mr. Goetz and Mr. Humke will serve as a director for a term expiring at the Company’s 2024 Annual Meeting of Stockholders.
The Board has determined that each of Mr. Goetz and Mr. Humke is independent under Nasdaq rules. In conjunction with their election to the Board, the Board appointed Mr. Goetz to the Audit Committee of the Board and Mr. Humke to the Nominating and Corporate Governance Committee of the Board.
Mr. Goetz’ and Mr. Humke’s compensation will be consistent with that of other non-employee directors paid by the Company pursuant to its Non-Employee Director Compensation Policy, a copy of which was filed as Exhibit 10.20 to the Company’s Annual Report on Form 10-K (as amended) originally filed with the U.S. Securities and Exchange Comxmission (“SEC”) on March 15, 2023. Such compensation will be pro-rated to reflect the actual time Mr. Goetz and Mr. Humke serve on the Board.
There are no arrangements or understandings between either Mr. Goetz or Mr. Humke and any other person pursuant to which he was selected as a director, and there are no transactions related to the Company in which he has an interest requiring disclosure under Item 404(a) of Regulation S-K. Additionally, in connection with their appointments, each of Mr. Goetz and Mr. Humke will enter into a standard indemnification agreement with the Company in the form previously approved by the Board, a copy of which was filed as Exhibit 10.18 to the Company’s Annual Report on Form 10-K (as amended) originally filed with the SEC on March 15, 2023.
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.
SkyWater Technology, Inc. | ||||||
Date: March 8, 2024 | /s/ Thomas J. Sonderman | |||||
Name: | Thomas J. Sonderman | |||||
Title: | Chief Executive Officer |
Document and Entity Information |
Mar. 07, 2024 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | SkyWater Technology, Inc |
Amendment Flag | false |
Entity Central Index Key | 0001819974 |
Document Type | 8-K |
Document Period End Date | Mar. 07, 2024 |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-40345 |
Entity Tax Identification Number | 37-1839853 |
Entity Address, Address Line One | 2401 East 86th Street |
Entity Address, City or Town | Bloomington |
Entity Address, State or Province | MN |
Entity Address, Postal Zip Code | 55425 |
City Area Code | (952) |
Local Phone Number | 851-5200 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common stock, par value $0.01 per share |
Trading Symbol | SKYT |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
1 Year SkyWater Technology Chart |
1 Month SkyWater Technology Chart |
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