Sanmina appoints Susan Johnson to board; approves exec salary increases and bonus plan

SANMINA CORP

Susan A. Johnson, EVP of Global Connections & Supply Chain at AT&T, appointed to Sanmina's board effective Dec 6, 2021.
Compensation Committee approved FY2022 bonus plan based on revenue, non-GAAP operating margin, and cash flow targets.
CEO Jure Sola's base salary increased to $1.25M, CFO Kurt Adzema to $550k, EVP HR Alan Reid to $385k, effective Jan 3, 2022.
EVP Worldwide Sales Dennis Young to retire Dec 31, 2021; will continue as advisor through April 30, 2022 with reduced salary.

item 5.02 item 9.01

Executive movements

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Appointed

Susan A. Johnson

Director

SANM · SANMINA CORP

Effective: 2021-12-06
Filed: December 10, 2021, 6:59 PM ET

On December 6, 2021, the Board of Directors of Sanmina Corporation (the “Company”) appointed Susan A. Johnson as a member of the Board of Directors of the Company.

Departed

Dennis Young

Executive Vice President, Worldwide Sales

SANM · SANMINA CORP

Effective: 2021-12-31
Filed: December 10, 2021, 6:59 PM ET

Dennis Young, Executive Vice President, Worldwide Sales of the Company, will retire from his position with the Company on December 31, 2021, but will continue to serve in an advisory capacity through April 30, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Susan A. Johnson was appointed as Director at SANMINA CORP.

Action: appointed
Role: Director

Exact text from the filing

On December 6, 2021, the Board of Directors of Sanmina Corporation (the “Company”) appointed Susan A. Johnson as a member of the Board of Directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dennis Young departed as Executive Vice President, Worldwide Sales at SANMINA CORP.

Action: will retire
Role: Executive Vice President, Worldwide Sales

Exact text from the filing

Dennis Young, Executive Vice President, Worldwide Sales of the Company, will retire from his position with the Company on December 31, 2021, but will continue to serve in an advisory capacity through April 30, 2022.

View on SEC.gov

SANMINA CORP filing history →

Source: SEC EDGAR

accession 0001104659-21-148579

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