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Published: 2023-03-16 16:06:01 ET
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

March 13, 2023

Date of Report (Date of earliest event reported)

 

SANMINA CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   000-21272   77-0228183
(State or other jurisdiction of
incorporation)		   (Commission File Number)   (I.R.S. Employer Identification
No.)

 

2700 North First Street

San Jose, California 95134

(Address of principal executive offices)

 

(408) 964-3500

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) of this chapter)

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   SANM   NASDAQ Global Select Market

 

 

 

 

 

 

ITEM 5.02     DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

 

On March 13, 2023, 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.

 

ITEM 5.07SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

On March 13, 2023, the Company held its 2023 Annual Meeting of Stockholders. The matters voted upon at the meeting by stockholders of record as of January 20, 2023 and the vote with respect to each such matter is set forth below:

 

1.To elect eight directors to serve for the ensuing year and until their successors are appointed or elected.

 

Nominee  For   Against   Abstain   Broker
Non-Votes		 
Eugene A. Delaney   45,074,716    2,839,578    22,786    5,023,149 
John P. Goldsberry   44,753,145    3,160,426    23,509    5,023,149 
David V. Hedley III   47,779,065    135,581    22,434    5,023,149 
Susan A. Johnson   47,654,164    260,255    22,661    5,023,149 
Joseph G. Licata   45,371,999    2,490,093    74,988    5,023,149 
Krish Prabhu   42,799,459    5,113,214    24,407    5,023,149 
Mario M. Rosati   44,292,498    3,622,134    22,448    5,023,149 
Jure Sola   45,556,261    2,286,127    94,692    5,023,149 

 

2.To approve the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for the fiscal year ending September 30, 2023.

 

For   Against   Abstain   Broker Non-
Votes		 
52,700,449    237,483    22,297    0 

 

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 2023 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		 
38,400,929    9,466,910    69,241    5,023,149 

 

4.To approve the reservation of an additional 1,200,000 shares of Common Stock for issuance under the 2019 Plan.

 

For   Against   Abstain   Broker Non-
Votes		 
43,988,624    3,892,869    55,587    5,023,149 

 

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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/ Kurt Adzema 
    Kurt Adzema
    Executive Vice President and Chief Financial Officer
   
Date:  March 16, 2023  

 

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