Core Viewpoint - TTM Technologies, Inc. announces the retirement of Thomas Edman and John Mayer from the Board of Directors, effective May 7, 2026, following the company's annual meeting of stockholders, and introduces Daniel G. Korte and Ryan D. McCarthy as new board members to enhance the board's capabilities and support growth in the Aerospace and Defense market [1][3][4]. Board Changes - Thomas Edman, former President and CEO, and John Mayer, current Class III board member, will retire from the Board effective May 7, 2026 [1]. - Daniel G. Korte has been appointed as a Class I director to fill the vacancy created by Edman's retirement, with a term expiring at the 2028 annual meeting of stockholders [2]. - Ryan D. McCarthy has been appointed as a Class III director, succeeding John Mayer, with a term expiring at the 2027 annual meeting of stockholders [3]. Leadership Appreciation - Rex Geveden, Chair of the Board, expressed gratitude for Edman’s visionary leadership and Mayer’s contributions, particularly in PCB manufacturing [4]. - Dr. Edwin Roks, President and CEO, acknowledged Edman's 22 years of board leadership and Mayer's 26 years of service, emphasizing their impact on the company's current standing [4]. New Board Members' Background - Daniel G. Korte is a seasoned aerospace and defense executive with a history of driving revenue growth and profitability, having served as Global Vice President of Aerospace at PPG Industries and CEO of LMI Aerospace [5]. - Ryan D. McCarthy, former U.S. Army Secretary, has extensive experience in aerospace and defense, including roles at Lockheed Martin and as an Operating Partner at Capitol Meridian Partners [6][8].

Core Insights - TTM Technologies, Inc. has announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia, to enhance its manufacturing capabilities [1][3][4] Group 1: Acquisition Details - The Eau Claire facility was previously owned by TDK and is well-equipped for advanced technology PCB manufacturing, allowing TTM to reduce lead times for U.S. domestic capacity [3][4] - The new facility in Penang will support supply chain diversification beyond China, providing cost-competitive, high-quality PCB manufacturing in Southeast Asia [4] Group 2: Strategic Implications - These investments align with TTM's strategy to offer regionally optimized, globally connected manufacturing solutions, enhancing supply chain security and flexibility for global customers [2][4] - The Eau Claire facility is expected to support high-volume production for key markets, particularly in data center computing and networking for generative AI applications [3][4] Group 3: Economic Impact - The expansion in Wisconsin is seen as beneficial for the local economy, with the state recognized for its precision manufacturing capabilities [4] - TTM does not anticipate significant impacts on its operational results or financial condition for 2025 from these investments [5]