Shimmick Corp

DEF 14A 1 shimmick_proxy_2025.htm DEF 14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

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Shimmick Corporation

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April 25, 2025

Dear Fellow Stockholders:

On behalf of the Board of Directors (the "Board") of Shimmick Corporation ("Shimmick"), I would like to express our appreciation for your interest in our company. It is my pleasure to invite you to Shimmick's Annual Meeting of Stockholders (the "Annual Meeting"), to be held virtually on Wednesday, June 4, 2025, at 11:00 a.m., Eastern Time.

Fiscal Year 2024 was a transformational year for Shimmick. We reported $480 million in revenue, including $356 million from Shimmick Projects, and ended the year with a backlog of over $822 million. Thanks to our 2024 Transformation Plan, we entered 2025 with $100 million in liquidity, a stronger balance sheet, and a lower-risk portfolio.

We continue to be focused on executing our strategy to drive long-term growth. This strategy includes expanding our pipeline of water and critical infrastructure projects, improving project execution and profitability, and continuing to invest in our people—the foundation of everything we do. In just the last few months, we’ve made meaningful progress across these priorities. With a portfolio aligned to high-demand sectors, we stand ready to deliver on our 2025 objectives with confidence and a strong plan for sustained value creation.

The formal Notice of Annual Meeting and Proxy Statement are enclosed with this letter. The Proxy Statement describes the matters to be acted upon at the Annual Meeting. It also describes how the Board operates and provides compensation and other information about the management team and Board.

Your vote is important. Whether or not you plan to attend the Annual Meeting, I strongly encourage you to vote as soon as possible. You may vote over the Internet, by telephone or by mailing a proxy or voting instruction card. For instructions on voting, please refer to the Notice of Internet Availability of Proxy Materials you received in the mail or the section entitled “How do I vote?” on page 5 of the Proxy Statement. If you received a paper copy of the Proxy Statement, please use your enclosed proxy card to vote.

On behalf of the Board and the officers and employees of Shimmick Corporation, I would like to take this opportunity to thank you for your continued support of our company. We look forward to seeing you at the meeting.

Sincerely,

Mitchell B. GoldsteenExecutive Chairman

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Shimmick Corporation

530 Technology Drive

Suite 300

Irvine, CA 92618