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AI brief of an SEC Form 8-K · Ultra Clean Holdings (UCTT)

Ultra Clean names James Xiao CEO effective Sept. 2; Granger to remain as chairman

Neutral Impact 4 of 5 leadership Written later

Ultra Clean Holdings said Jinsong (James) Xiao, most recently Corporate Vice President and General Manager at Applied Materials, will become CEO effective September 2, 2025, and will also join the Board. Clarence L. Granger, CEO since March 4, 2025, will step down as CEO on that date but remain non-executive Chairperson. The filing also discloses Xiao's pay package and promotes Christopher S. Cook to Chief Business Officer, which changes the company's top leadership and its executive compensation terms.

Key points

  • Xiao's offer letter sets a $710,000 base salary, a 105% target bonus, a $600,000 sign-on bonus, a $2,000,000 sign-on RSU grant and a $3,000,000 2025 annual equity grant, prorated to his start date
  • Granger has served as CEO since March 4, 2025 and will remain non-executive Chairperson of the Board
  • Cook, President of the Products Division since April 2022, becomes Chief Business Officer effective immediately, with salary raised to $595,000 and a $1,700,000 RSU award

The filing

CompanyUltra Clean Holdings (UCTT)
Form8-K, current report
Filed with the SECAug 7, 2025, 6:13 AM ET
Accession number0001628280-25-038545

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.