Fabrinet Director Departs, New CFO Appointed
Ticker: FN · Form: 8-K · Filed: Jun 14, 2024 · CIK: 1408710
| Field | Detail |
|---|---|
| Company | Fabrinet (FN) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, cfo-appointment
TL;DR
Fabrinet's director David Smith is out, but back on the board as Audit Chair. Michael Mulroy is the new CFO.
AI Summary
On June 12, 2024, Fabrinet announced the departure of director Dr. David E. Smith. Concurrently, the company elected Dr. Smith to the board of directors and appointed him as the Chair of the Audit Committee. The company also announced the appointment of Mr. Michael J. Mulroy as Chief Financial Officer, effective June 12, 2024.
Why It Matters
This filing indicates a shift in key leadership roles within Fabrinet, including the appointment of a new CFO and a director taking on a significant committee role, which could impact financial strategy and oversight.
Risk Assessment
Risk Level: low — The filing primarily concerns routine changes in board and executive positions, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Fabrinet (company) — Registrant
- Dr. David E. Smith (person) — Director, former and newly elected
- Michael J. Mulroy (person) — Newly appointed Chief Financial Officer
- June 12, 2024 (date) — Effective date of changes
FAQ
What was the specific reason for Dr. David E. Smith's initial departure as a director?
The filing does not specify the reason for Dr. David E. Smith's initial departure as a director.
When did Michael J. Mulroy officially become the Chief Financial Officer of Fabrinet?
Michael J. Mulroy officially became the Chief Financial Officer of Fabrinet on June 12, 2024.
What new role has Dr. David E. Smith taken on the board?
Dr. David E. Smith has been elected to the board of directors and appointed as the Chair of the Audit Committee.
Is this filing related to any financial performance issues?
No, this filing is related to changes in directors and officers, not financial performance issues.
What is Fabrinet's primary business based on the SIC code?
Fabrinet's primary business is in TELEPHONE & TELEGRAPH APPARATUS, with SIC code [3661].
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-06-14 06:18:04
Key Financial Figures
- $0.01 — e on which registered Ordinary Shares, $0.01 par value FN New York Stock Exchange
Filing Documents
- fn-20240612.htm (8-K) — 29KB
- fn-20240613xex991.htm (EX-99.1) — 7KB
- 0001408710-24-000023.txt ( ) — 164KB
- fn-20240612.xsd (EX-101.SCH) — 2KB
- fn-20240612_lab.xml (EX-101.LAB) — 22KB
- fn-20240612_pre.xml (EX-101.PRE) — 13KB
- fn-20240612_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated J une 1 4 , 202 4 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FABRINET By: /s/ Csaba Sverha Csaba Sverha Executive Vice President, Chief Financial Officer Date: June 14, 2024