03.24.05
ULTRA CLEAN HOLDINGS ANNOUNCES RESIGNATION OF PHILLIP KAGEL
MENLO PARK, CA, March 24, 2005 — Ultra Clean Holdings,
Inc. (Nasdaq: UCTT), a developer and supplier of critical subsystems
for the semiconductor capital equipment industry, focusing on gas delivery
systems, announced today that effective immediately, Senior Vice President
and Chief Financial Officer Phillip Kagel has resigned for personal reasons.
Ultra Clean will immediately begin a search to identify a qualified candidate
to fill the position of Chief Financial Officer. Kevin Griffin, Ultra
Clean's former Chief Financial Officer and current Chief Administrative
Officer, will assume the role of Acting Chief Financial Officer until
a permanent candidate is identified and appointed.
"We appreciate Phil's service to Ultra Clean and thank Kevin for
his willingness to serve as acting Chief Financial Officer in order to
ensure a smooth transition as we pursue a search for a replacement candidate," said
Clarence Granger, Ultra Clean's President and Chief Executive Officer."
Ultra Clean intends to file its Annual Report on Form 10-K not later
than March 31, 2005 as originally planned and as required by the rules
of the Securities and Exchange Commission.
Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems
for the semiconductor capital equipment industry, focusing on gas delivery
systems. Ultra Clean offers its customers a complete outsourced solution
for gas delivery systems, improved design-to-delivery cycle times,
component neutral design and manufacturing and component testing capabilities.
Ultra Clean's customers are primarily original equipment manufacturers
of semiconductor capital equipment. The Company is headquartered in
Menlo Park, California. Additional information is available at www.uct.com.
The foregoing information contains, or may be deemed to contain, "forward-looking
statements" (as defined in the U.S. Private Securities Litigation
Reform Act of 1995) which reflect our current views with respect to future
events. All forward-looking statements address matters that involve
risks and uncertainties. Accordingly, you should not rely on forward-looking
statements, as there are or will be important factors that could cause
our actual results, as well as those of the markets we serve, levels
of activity, performance, achievements and prospects to differ materially
from the results predicted or implied by these forward-looking statements.
These risks, uncertainties and other factors include, among others, those
identified in "Risk Factors," "Management's Discussion
and Analysis of Financial Condition and Results of Operations" and
elsewhere in our S-1 registration statement and Form 10-Q's filed with
the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes
no obligation to publicly update or review any forward-looking statements,
whether as a result of new information, future developments or otherwise.
