Fabrinet Files 8-K: Executive Changes & Financial Updates

TL;DR

FN filed an 8-K today covering exec changes and financials.

AI Summary

Fabrinet (FN) filed an 8-K on August 19, 2024, reporting on results of operations, director departures, officer appointments, and financial statements. The filing indicates changes in the company's board and executive team, alongside standard financial reporting updates.

Why It Matters

This filing signals potential shifts in leadership and governance at Fabrinet, which could impact strategic direction and investor confidence.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of operational results and personnel changes, not indicating any immediate financial distress or significant negative events.

Key Players & Entities

• Fabrinet (company) — Registrant
• August 19, 2024 (date) — Date of Report
• Cayman Islands (location) — Jurisdiction of incorporation

FAQ

Key Financial Figures

• $0.01 — e on which registered Ordinary Shares, $0.01 par value FN New York Stock Exchange
• $1,890,000 — Fiscal 2025 Maximum Bonus Seamus Grady $1,890,000 $2,268,000 Dr. Harpal Gill $1,430,000
• $2,268,000 — Maximum Bonus Seamus Grady $1,890,000 $2,268,000 Dr. Harpal Gill $1,430,000 $1,716,000
• $1,430,000 — $1,890,000 $2,268,000 Dr. Harpal Gill $1,430,000 $1,716,000 Csaba Sverha $625,000 $750,
• $1,716,000 — $2,268,000 Dr. Harpal Gill $1,430,000 $1,716,000 Csaba Sverha $625,000 $750,000 Edward
• $625,000 — ill $1,430,000 $1,716,000 Csaba Sverha $625,000 $750,000 Edward Archer $442,000 $530,4
• $750,000 — 0,000 $1,716,000 Csaba Sverha $625,000 $750,000 Edward Archer $442,000 $530,400 The
• $442,000 — Sverha $625,000 $750,000 Edward Archer $442,000 $530,400 The amount of bonus actually
• $530,400 — 25,000 $750,000 Edward Archer $442,000 $530,400 The amount of bonus actually paid to
• $1,250,000 — Seamus Grady Chief Executive Officer $1,250,000 $1,350,000 8.0% Dr. Harpal Gill Presid
• $1,350,000 — ady Chief Executive Officer $1,250,000 $1,350,000 8.0% Dr. Harpal Gill President and Chi
• $1,060,000 — President and Chief Operating Officer $1,060,000 $1,100,000 3.8% Csaba Sverha Executive
• $1,100,000 — and Chief Operating Officer $1,060,000 $1,100,000 3.8% Csaba Sverha Executive Vice Presi
• $590,000 — ice President, Chief Financial Officer $590,000 $625,000 5.9% Edward Archer Executive
• $510,000 — tive Vice President, Sales & Marketing $510,000 $520,000 2.0% Equity Award Grants On

Filing Documents

• fn-20240819.htm (8-K) — 59KB
• fn-20240819xex991q424.htm (EX-99.1) — 328KB
• 0001408710-24-000030.txt ( ) — 535KB
• fn-20240819.xsd (EX-101.SCH) — 2KB
• fn-20240819_lab.xml (EX-101.LAB) — 22KB
• fn-20240819_pre.xml (EX-101.PRE) — 13KB
• fn-20240819_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On August 19, 2024, Fabrinet (" Fabrinet " or the " Company ") issued a press release regarding its financial results for its fiscal quarter and year ended June 28, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report. The information in this Item 2.02 and the press release attached hereto as Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Fiscal 2025 Executive Incentive Plan On August 13, 2024, the Compensation Committee (the " Compensation Committee ") of the board of directors of Fabrinet adopted an executive incentive plan (the " Cash Bonus Plan ") for the Company's fiscal year ending June 27, 2025 (" fiscal 2025 "). The Cash Bonus Plan is an incentive program designed to motivate participants to achieve the Company's financial objectives, and to reward them for their achievements when those objectives are met. All of the Company's executive officers pursuant to Section 16 of the Exchange Act are eligible to participate in the Cash Bonus Plan (individually, a " Participant ," and collectively, the " Participants "). The Cash Bonus Plan provides for target and maximum bonus amounts as set forth in the table below. The maximum bonus that a Participant may receive under the Cash Bonus Plan is 120% of such Participant's target bonus. Name Fiscal 2025 Target Bonus Fiscal 2025 Maximum Bonus Seamus Grady $1,890,000 $2,268,000 Dr. Harpal Gill $1,430,000 $1,716,000 Csaba Sverha $625,000 $750,000 Edward Archer $442,000 $530,4

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated August 19, 2024 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: August 19, 2024

View Full Filing

View this 8-K filing on SEC EDGAR