Company: TTMI
Filing Date: 2025-02-18
Form Type: 8-K
Source: 0001193125-25-028278
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Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-18
Form: 8-K
Item: Item 5.02
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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 February 17, 2025, the Company announced that in a succession change, James P. Walsh will assume the role of Chief Operating Officer beginning July 1, 2025, and Philip Titterton, the Company’s current Chief Operating Officer, will take on an advisory position for the foreseeable future with the Company and assist with special operations projects.

Mr. Walsh brings over twenty-five years of operations management experience to his new assignment and is currently the Company’s Senior Vice President of Operations (North America) & Global EHSSS. Mr. Walsh joined the Company in 2019 in a Senior Operations Leadership role and has held progressively expanding responsibilities since that time. Mr. Walsh received his Bachelor of Science in Mechanical Engineering from Santa Clara University, Master of Science Degree in Mechanical Engineering from Stanford University and Master of Business Administration from University of California, Los Angeles.

There are no arrangements or understandings between Mr. Walsh and any other persons pursuant to which Mr. Walsh was appointed as an executive officer. Mr. Walsh does not have any family relationships with any director or executive officer of the Company. There are no transactions in which Mr. Walsh has any interest requiring disclosure under Item 404(a) of Regulation S-K.

Pursuant to the terms of compensation that have been set by the Company’s Human Capital and Compensation Committee and verbally agreed upon between Mr. Walsh and the Company, effective July 1, 2025, Mr. Walsh will receive (i) an annual base salary of $450,000, (ii) a target cash bonus award at 60% of his salary, (iii) an initial grant of Company restricted stock units with an approximate grant date value of $292,500 that vests in equal installments on the first, second and third anniversaries of the grant date, and (iv) an initial grant of Company performance share units with an approximate grant date value of $357,500 that vests upon targets established by the Compensation Committee of the Company’s Board of Directors.