A maker of advanced probe cards and test systems that let chipmakers check silicon wafers for defects before they are cut into individual chips. Its MicroSpring technology, built from tiny MEMS contacts, can test everything from phone processors to high-bandwidth memory, and its systems even reach into cryogenic labs and quantum computing. Founded in 1993 by former IBM researcher Igor Khandros in a small New York lab, the company got its start with a springy wire interconnect and moved to Livermore, California, two years later.
FormFactor stockholders approve 5M share increase to 2012 Equity Incentive Plan at 2026 Annual Meeting
Stockholders approved an amended certificate of incorporation allowing officer exculpation under Delaware law, filed and effective May 15, 2026.
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At the May 15, 2026 Annual Meeting, stockholders approved an amendment to the 2012 Equity Incentive Plan increasing reserved shares by 5,000,000.
All seven director nominees were elected: Rebeca Obregon Jimenez, Sheri Rhodes, Michael D. Slessor, Kelley Steven-Waiss, Thomas St. Dennis, Jorge Titinger, and Brian White.
Stockholders approved, on an advisory basis, executive compensation and ratified KPMG LLP as independent auditor for fiscal 2026.
The 2026 Amended and Restated Certificate also removes inoperative language about board classification and 2024 annual meeting references.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
FormFactor director Kevin Brewer will not stand for re-election at 2026 annual meeting
Kevin Brewer, a FormFactor director since 2024, notified the board on February 13, 2026, that he will retire after his current term.
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He will not stand for re-election at the 2026 annual meeting, anticipated for May 15, 2026.
His decision is not due to any disagreement with the company on operations, policies, or practices.
Brewer serves on the Audit Committee and the Governance and Nominating Committee.
He was CFO and EVP of Global Operations at Axcelis Technologies from July 2013 to October 2023.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
FormFactor adopts restructuring plan, consolidating California facilities and cutting 200-300 jobs
On January 5, 2026, FormFactor adopted restructuring plans to align cost structure and manufacturing capabilities with strategic priorities.
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The company is consolidating manufacturing facilities in Carlsbad, California and Baldwin Park, California.
Approximately 200 to 300 employees will be affected by severance or retention costs.
Restructuring charges are estimated at $30 to $40 million on a GAAP basis, with $10 to $15 million in future cash expenditures and $20 to $25 million in non-cash charges.
Actions are expected to be largely completed by the end of December 2026, except facilities charges.
2.05 Costs Associated with Exit or Disposal Activities · 2.06 Material Impairments
FormFactor appoints Aric McKinnis as CFO, succeeding Shai Shahar
Shai Shahar resigned as Senior Vice President and CFO effective August 8, 2025, and will remain as Senior Vice President, Executive Advisor through December 31, 2025.
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Aric McKinnis, previously Vice President, Corporate Controller, was appointed Senior Vice President and CFO effective August 8, 2025, also serving as principal financial and accounting officer.
McKinnis's compensation includes an annual salary of $425,000, a 75% target bonus, a $600,000 restricted stock unit award, and a $600,000 performance-based RSU award.
McKinnis joined FormFactor in August 2019 and previously held roles at MKS Instruments and Deloitte.
FormFactor reaffirmed its Q3 2025 financial outlook issued on July 30, 2025.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits