SANMINA CORPORATION (NASDAQ:SANM) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March11, 2019, the stockholders of Sanmina Corporation (the “Company”) approved the Company’s 2019 Equity Incentive Plan (the “2019 Plan”). An aggregate of 3,993,000 shares are reserved for issuance under the 2019 Plan, plus any shares subject to stock options or similar awards granted under the Company’s 2009 Incentive Plan (the “2009 Plan”) that expire or otherwise terminate without have been exercised in full and shares issued to awards granted under the 2009 Plan that are forfeited to or repurchased by the Company, with the maximum number of shares to be added to the 2019 Plan to the 2009 Plan equal to 6,436,840 shares. The 2019 Plan provides for the grant to eligible individuals of stock options, both incentive stock options and nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, performance shares and such other cash and stock awards as the administrator of the 2019 Plan shall determine. The terms and conditions of each type of award are set forth in the 2019 Plan. Individuals eligible to receive awards under the 2019 Plan include executive officers, employees, consultants and non-employee members of the Company’s Board of Directors. The 2019 Plan expires on December3, 2028.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Reference is made to Item 1.01 hereof.
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On March11, 2019, the Company held its 2019 Annual Meeting of Stockholders. The matters voted upon at the meeting by stockholders of record as of January17, 2019 and the vote with respect to each such matter is set forth below:
1. To elect nine directors to serve for the ensuing year and until their successors are appointed or elected.
Nominee |
For |
Against |
Abstain |
Broker Non-Votes |
Michael J. Clarke |
58,318,374 |
921,148 |
24,936 |
4,328,333 |
Eugene A. Delaney |
39,977,805 |
19,253,091 |
33,562 |
4,328,333 |
William J. DeLaney |
58,580,489 |
651,751 |
32,218 |
4,328,333 |
John P. Goldsberry |
39,983,974 |
19,252,110 |
28,374 |
4,328,333 |
Rita S. Lane |
58,344,454 |
892,034 |
27,970 |
4,328,333 |
Joseph G. Licata |
38,816,985 |
20,420,868 |
26,605 |
4,328,333 |
Mario M. Rosati |
58,516,952 |
717,470 |
30,036 |
4,328,333 |
Jure Sola |
58,441,325 |
798,828 |
24,305 |
4,328,333 |
Jackie M. Ward |
39,695,185 |
19,549,538 |
19,735 |
4,328,333 |
2. To approve appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for the fiscal year ending September28, 2019.
For |
Against |
Abstain |
BrokerNon- Votes |
63,478,219 |
69,563 |
45,009 |
3. To approve the 2019 Equity Incentive Plan of the Company.
For |
Against |
Abstain |
BrokerNon- Votes |
55,752,867 |
3,463,000 |
48,591 |
4,328,333 |
4. To approve, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers, as disclosed in the Proxy Statement for the 2019 Annual Meeting of Stockholders to the compensation disclosure rulesof the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure.
For |
Against |
Abstain |
BrokerNon- Votes |
30,464,476 |
28,736,986 |
62,996 |
4,328,333 |
About SANMINA CORPORATION (NASDAQ:SANM)
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy. The Company operates through two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS consists of printed circuit board assembly and test, final system assembly and test, and direct-order-fulfillment. Its Components include interconnect systems and mechanical systems. Its Products include memory, radio frequency (RF), optical and microelectronics solutions, defense and aerospace products, storage solutions and cloud-based manufacturing execution software. Its Services include design, engineering, logistics and repair services.