Sanmina Compensation Committee approves FY2021 bonuses; CEO Sola receives $3.075M

SANMINA CORP

CEO Jure Sola approved bonus of $3,075,000, up from target of $1,687,500 due to discretionary adjustment.
Corporate performance factor of 130% based on achievement of revenue, non-GAAP operating margin, and cash flow targets.
CFO Kurt Adzema bonus of $500,000 (100% base), EVPs Young and Reid $365,000 and $350,000 respectively.
Committee cited strong leadership, 15% non-GAAP operating income increase, and pandemic handling for Sola's adjustment.
Bonuses paid under Fiscal Year 2021 Corporate Bonus Plan approved on December 23, 2021.

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