Summary by Moomoo AI
SkyWater Technology, Inc., a company incorporated in Delaware and listed on the Nasdaq Stock Market under the trading symbol SKYT, has announced the election of two new independent directors to its Board. On March 7, 2024, Dennis J. Goetz and Joseph J. Humke were elected by the Board of Directors to serve, effective April 1, 2024. Their terms are set to expire at the company's 2024 Annual Meeting of Stockholders. The Board has confirmed that both new directors meet the independence criteria as per Nasdaq rules. Mr. Goetz has been appointed to the Audit Committee, while Mr. Humke will join the Nominating and Corporate Governance Committee. Their compensation aligns with the company's Non-Employee Director Compensation Policy and will be pro-rated based on their service duration. Both directors will also enter into a standard indemnification agreement with SkyWater Technology. There are no disclosed arrangements or interests that require reporting under SEC regulations in relation to their appointments.