Jeffrey Andreson

Chief Executive Officer at ICHOR HOLDINGS

Board

Since January 2020

Age

63 years

Education

Holds an MBA from Santa Clara University and a BS in Finance from San Jose State University.

Tenure

Joined ICHR as CFO in 2017, served as President from 2019 to 2020, and assumed the CEO role in January 2020, while joining the board in 2020.

Also at ICHOR HOLDINGS

Bruce Ragsdale

Chief Operating Officer

Christopher Smith

Chief Commercial Officer

Greg Swyt

Chief Financial Officer

About

Jeffrey Andreson, aged 63 , has built a notable career within the technology and financial sectors. His academic background includes earning a Bachelor of Science in Finance from San Jose State University and an MBA from Santa Clara University.

He joined ICHR in 2017 as CFO, quickly advancing through key roles. He served as President from 2019 until assuming his current role as Chief Executive Officer in January 2020, and he officially joined the board in 2020.

Prior to his tenure at ICHR, he held significant leadership positions at Nanometrics Incorporated, Intevac, Inc., and Applied Materials, contributing extensive financial and operational expertise to the technology industry.

$ICHR Performance Under Jeffrey Andreson

Past Roles

Organization	Role	Date Range	Details
Ichor Holdings, Ltd.	President	2019 - 2020	Held prior to becoming CEO
Ichor Holdings, Ltd.	Chief Financial Officer (CFO)	2017 - 2019	Held prior to becoming CEO
Ultra Clean Technology (UCTT)	Unspecified Role	2017	Briefly worked at UCTT
Nanometrics Incorporated (merged into Onto Innovation in 2019)	Chief Financial Officer	2014 - 2017
Intevac, Inc.	Chief Financial Officer	2007 - 2014
Applied Materials, Inc.	Various controllership positions	1995 - 2007

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$684,670	Annual	Fixed base salary compensation
Stock Awards	$5,481,184	Annual	Equity-based awards
All Other Compensation	$11,500	Annual	Employer 401(k) matching contributions
Option Awards	$747,494	At exercise	Exercised options for 64,200 shares

Performance Compensation

Data from FY 2024

Performance Compensation

The Non-Equity Incentive Plan (STI Plan) for 2024 is a cash-based incentive calculated as:

Base Salary x Target Bonus Percentage x Total STI Score = Total Payout

Metric	Weight	Floor (50% Score)	Target (100% Score)	Ceiling (200% Score)	Actual Result	Score
Revenue (in millions)	10%	$800	$855	$900	$849	95%
Non-GAAP Gross Margin	25%	14.7%	15.5%	16.2%	12.7%	0%
Non-GAAP Operating Margin	25%	4.1%	4.6%	5.2%	2.2%	0%
Inventory Turnover Ratio	10%	3.5	3.8	4.1	3.0	0%

Financial & Inventory Performance (70% weight) is determined by the above metrics.
Individual Performance Metrics (30% weight) details are not provided.
The actual STI payout for 2024 was $277,788.
Vesting Schedule: Not applicable as the incentive is cash-based.
Evaluation Period: Fiscal 2024.