SigmaTron enters separation agreement with departing EVP Upadhyaya; $125K cash, option vest

SIGMATRON INTERNATIONAL INC

Rajesh Upadhyaya resigned as EVP, West Coast Operations effective April 30, 2025; resignation not related to operations.
Separation agreement includes $125,000 cash payable in equal installments over 12 months.
Company pays COBRA premiums for 12 months; unvested stock options from July 2023 grant fully vest.
Upadhyaya retains company vehicle (2021 BMW, FMV $25,000), cell phone, and laptop.
Agreement includes 5-year non-disparagement and confidentiality covenants; ADEA waiver with 21-day review and 7-day revocation.

item 5.02 item 9.01

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Departed

Rajesh B. Upadhyaya

Executive Vice President, West Coast Operations

SIGMATRON INTERNATIONAL INC

Effective: 2025-04-30
Filed: May 27, 2025, 7:59 PM ET

Rajesh B. Upadhyaya resigned as Executive Vice President, West Coast Operations , of SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company (the “Company”), effective as of April 30, 2025.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Rajesh B. Upadhyaya resigned as Executive Vice President, West Coast Operations at SIGMATRON INTERNATIONAL INC.

Action: resigned
Role: Executive Vice President, West Coast Operations

Exact text from the filing

Rajesh B. Upadhyaya resigned as Executive Vice President, West Coast Operations , of SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company (the “Company”), effective as of April 30, 2025.

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Source: SEC EDGAR

accession 0000915358-25-000012

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