Sanmina Appoints New CFO, Anderson, Effective March 18

TL;DR

Sanmina gets a new CFO, David Anderson, on March 18th; Peppers moves to advisory role.

AI Summary

On March 11, 2024, Sanmina Corporation announced the appointment of David M. Anderson as its new Chief Financial Officer, effective March 18, 2024. Anderson will succeed current CFO, Robert L. Peppers, who will transition to a senior advisory role until his retirement on September 27, 2024. Anderson previously served as CFO at Celestica Inc. and brings extensive financial leadership experience to Sanmina.

Why It Matters

The appointment of a new CFO can signal a shift in financial strategy or a focus on specific growth areas, impacting investor confidence and the company's financial performance.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and operational execution.

Key Players & Entities

• Sanmina Corporation (company) — Registrant
• David M. Anderson (person) — Appointed Chief Financial Officer
• Robert L. Peppers (person) — Outgoing Chief Financial Officer
• March 18, 2024 (date) — Effective date of new CFO's appointment
• September 27, 2024 (date) — Retirement date of outgoing CFO
• Celestica Inc. (company) — Previous employer of new CFO

FAQ

Filing Documents

• tm248886d1_8k.htm (8-K) — 42KB
• 0001104659-24-034993.txt ( ) — 211KB
• sanm-20240311.xsd (EX-101.SCH) — 3KB
• sanm-20240311_lab.xml (EX-101.LAB) — 33KB
• sanm-20240311_pre.xml (EX-101.PRE) — 22KB
• tm248886d1_8k_htm.xml (XML) — 3KB

02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS;

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On March 11, 2024, the stockholders of Sanmina Corporation (the "Company") approved an amendment of the Company's 2019 Equity Incentive Plan (the "2019 Plan") to reserve an additional 1,200,000 shares of Common Stock for issuance thereunder. 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 December 3, 2028.

07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS Also on March 11, 2024, the Company held its 2024 Annual Meeting of Stockholders. The matters voted upon at the meeting by stockholders of record as of January 19, 2024 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 Susan K. Barnes 48,618,926 236,227 44,486 3,250,169 Eugene A. Delaney 46,702,850 2,152,532 44,257 3,250,169 David V. Hedley III 44,652,580 4,199,671 47,388 3,250,169 Susan A. Johnson 44,506,576 4,346,140 46,923 3,250,169 Joseph G. Licata 42,014,739 6,815,458 69,442 3,250,169 Krish Prabhu 46,917,557 1,944,355 37,727 3,250,169 Mario M. Rosati 46,325,385 2,508,422 65,832 3,250,169 Mythili Sankaran 48,624,315 236,505 38,819 3,250,169 Jure Sola 47,513,924 1,311,780 73,935 3,250,169 2. To approve the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accountants for the For Against Abstain Broker Non-Votes 50,199,575 1,880,844 69,389 3. 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 2024 Annual Meeting of Stockholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the other related disclosure. For Against Abstain Broker Non-Votes 38,992,613 9,832,573 74,453 32,250,169 4. To approve, on an advisory (non-binding) basis, the frequency of future stockholder votes on executive compensation. One year Two years Three years Abstain 42,896,408 9,961 5,920,505 72,765 5. To approve the reservation of an additional 1,200,000 shares of Common

01 OTHER EVENTS

ITEM 8.01 OTHER EVENTS On March 11, 2024, the Board of Directors reappointed Eugene A. Delaney as Lead Independent Director for an additional two year term. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. SANMINA CORPORATION By: /s/ Jure Sola Jure Sola Chairman and Chief Executive Officer Date: March 15, 2024 4

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View this 8-K filing on SEC EDGAR