TTM Technologies Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>TTM Technologies Inc. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending January 1, 2024, detailing executive compensation and stock award information.</b>

AI Summary

TTM TECHNOLOGIES INC (TTMI) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. TTM Technologies Inc. filed a DEF 14A form on March 15, 2024. The filing pertains to the fiscal year ending January 1, 2024. The company's principal executive offices are located at 200 East Sandpointe, Suite 400, Santa Ana, CA 92707. The filing includes information on changes in stock awards and fair value of equity awards granted in various years. The SIC code for TTM Technologies Inc. is 3672 (Printed Circuit Boards).

Why It Matters

For investors and stakeholders tracking TTM TECHNOLOGIES INC, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential impacts on company performance and stock value. Shareholders will vote on matters presented in this proxy statement, influencing corporate governance and executive incentives.

Risk Assessment

Risk Level: low — TTM TECHNOLOGIES INC shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance without immediate financial or operational news.

Analyst Insight

Review the executive compensation details and voting proposals to make informed decisions as a shareholder.

Key Numbers

• 3672 — SIC Code (PRINTED CIRCUIT BOARDS)
• 2024-03-15 — Filing Date (DEF 14A)
• 2024-05-08 — Period of Report (DEF 14A)
• 0101 — Fiscal Year End (TTM Technologies Inc.)

Key Players & Entities

• TTM TECHNOLOGIES INC (company) — FILER
• 0000950170-24-032311 (filing_id) — ACCESSION NUMBER
• 2024-03-15 (date) — FILED AS OF DATE
• 2024-05-08 (date) — CONFORMED PERIOD OF REPORT
• 3672 (sic_code) — STANDARD INDUSTRIAL CLASSIFICATION
• DE (state) — STATE OF INCORPORATION
• 7143273000 (phone) — BUSINESS PHONE
• 200 EAST SANDPOINTE (address) — BUSINESS ADDRESS

FAQ

Industry Context

TTM Technologies Inc. operates in the printed circuit board manufacturing industry.

Regulatory Implications

The filing is a standard DEF 14A, subject to SEC regulations for public companies regarding disclosure of executive compensation and shareholder matters.

What Investors Should Do

1. Review the proxy statement for details on executive compensation and any proposed shareholder actions.
2. Understand the voting items and cast your vote accordingly.
3. Analyze the information on stock awards and their potential impact on shareholder value.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for the company and does not represent a change from previous filings of this type.

Key Financial Figures

• $2.2B — property. TTM generated approximately $2.2B revenue in fiscal year 2023. We current

Filing Documents

• ttmi-20240315.htm (DEF 14A) — 3709KB
• img80769784_0.jpg (GRAPHIC) — 2451KB
• img80769784_1.jpg (GRAPHIC) — 188KB
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• img80769784_9.jpg (GRAPHIC) — 574KB
• img80769784_10.jpg (GRAPHIC) — 639KB
• img80769784_11.jpg (GRAPHIC) — 877KB
• img80769784_12.jpg (GRAPHIC) — 731KB
• img80769784_13.jpg (GRAPHIC) — 214KB
• img80769784_14.jpg (GRAPHIC) — 297KB
• img80769784_15.jpg (GRAPHIC) — 319KB
• img80769784_16.jpg (GRAPHIC) — 365KB
• img80769784_17.jpg (GRAPHIC) — 76KB
• img80769784_18.jpg (GRAPHIC) — 506KB
• img80769784_19.jpg (GRAPHIC) — 886KB
• 0000950170-24-032311.txt (&nbsp;) — 25177KB
• ttmi-20240315.xsd (EX-101.SCH) — 20KB
• ttmi-20240315_htm.xml (XML) — 160KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 25 COMPENSATION DISCUSSION AND ANALYSIS 29 Compensation Overview – Alignment of Compensation and Performance 29

Executive Compensation Philosophy and Objectives

Executive Compensation Philosophy and Objectives 32 Role of the Human Capital and Compensation Committee 32 Compensation Structure 34 HUMAN CAPITAL AND COMPENSATION COMMITTEE REPORT 49

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 50 Fiscal Year 2023 Summary Compensation Table 50 GRANTS OF PLAN-BASED AWARDS 51 Fiscal Year 2023 Grants of Plan-Based Awards 51 Outstanding Equity Awards at Fiscal Year-End 52 Stock Vested In Fiscal Year 2023 53 2023 Nonqualified Deferred Compensation Table 53 Potential Payments Upon Change in Control or Termination 54 CEO Pay Ratio 56 Pay Versus Performance 57 EQUITY COMPENSATION PLAN INFORMATION 61 PROPOSAL TWO – APPROVAL OF an amendment of our certificate of incorporation to provide for the exculpation of officers as permitted by Delaware law 62 PROPOSAL THREE – APPROVAL OF AN AMENDMENT OF OUR CERTIFICATE OF INCORPORATION TO PROVIDE THAT STOCKHOLDERS MAY REMOVE ANY OR ALL DIRECTORS, WITH OR WITHOUT CAUSE, AS PERMITTED BY DELAWARE LAW 64 PROPOSAL FOUR – APPROVAL OF AN AMENDMENT OF OUR CERTIFICATE OF INCORPORATION TO ELIMINATE THE REQUIREMENT THAT CERTAIN AMENDMENTS MUST BE APPROVED BY AT LEAST 80% OF THE OUTSTANDING SHARES OF ALL CAPITAL STOCK 65 PROPOSAL FIVE – APPROVAL OF amendments of our bylaws arising from the Special Board Resolution adopted by the Board of Directors in February 2023 67 PROPOSAL SIX – APPROVAL OF amendmentS of our bylaws to provide modifications to the advance notice requirements applicable to director nominations submitted by stockholders, a majority approval standard for election of directors, that stockholders may remove any or all directors, with or without cause, and miscellaneous amendments to our bylaws 69 PROPOSAL SEVEN – APPROVAL OF AN AMENDMENT OF OUR BYLAWS TO ELIMINATE THE REQUIREMENT THAT CERTAIN AMENDMENTS THERETO BE APPROVED BY AT LEAST 80% OF THE SHARES ENTITLED TO VOTE UPON SUCH AMENDMENT 72 PROPOSAL EIGHT – ADVISORY APPROVAL OF NAMED EXECUTIVE OFFICER COMPENSATION 74 PROPOSAL NINE – RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 75 REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS 76 CE

View Full Filing

View this DEF 14A filing on SEC EDGAR