FormFactor names Aric McKinnis as new CFO

LIVERMORE, Calif. - FormFactor, Inc. (NASDAQ:FORM), a semiconductor testing company with a market capitalization of $2.3 billion and a FAIR financial health rating according to InvestingPro, announced Tuesday that Aric McKinnis has been appointed as Senior Vice President and Chief Financial Officer, effective immediately. McKinnis, who has served as the company’s Vice President and Corporate Controller since joining FormFactor in August 2019, succeeds Shai Shahar.

Shahar resigned from his positions effective August 8, 2025, but will remain with the company as Senior Vice President, Executive Advisor through December 31, 2025.

Prior to joining FormFactor, McKinnis worked as Corporate Controller at MKS Instruments and held various external audit roles at Deloitte, including Audit Manager. He holds Honors College degrees from Oregon State University, where he graduated summa cum laude from its College of Business.

"Over the past six years, Aric has demonstrated consistent exemplary leadership and succeeded in positions of increasing responsibility, which have thoroughly prepared him for this new role," said Mike Slessor, FormFactor President & Chief Executive Officer, in a press release statement.

Thomas St. Dennis, FormFactor’s Chairperson, thanked the outgoing CFO, stating, "Shai has been a critical member of our executive leadership team, and we wish him all the best in his future endeavors."

The company reaffirmed its third quarter of 2025 financial outlook, which was previously issued on July 30, 2025.

FormFactor is a provider of test and measurement technologies for the semiconductor industry, with facilities across Asia, Europe, and North America. The company has generated revenues of $764.6 million in the last twelve months, though its stock has faced headwinds with a -35.8% year-to-date return. Get comprehensive analysis and additional insights through the detailed Pro Research Report available on InvestingPro.

In other recent news, FormFactor Inc. reported its Q2 2025 earnings, showing a combination of exceeding revenue expectations and missing earnings per share (EPS) forecasts. The company posted revenue of $195.8 million, which was above the projected $190.17 million. However, the EPS was $0.27, falling short of the expected $0.30. These results highlight a mixed financial performance for the quarter. Despite the EPS miss, the revenue achievement suggests some positive momentum for the company. No mergers or acquisitions were reported during this period. Additionally, there were no analyst upgrades or downgrades mentioned in the recent developments. Investors may find the revenue performance encouraging as they assess the company’s financial health.

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