secwatch.observer — SEC 8-K summary
======================================

Issuer:     SANMINA CORP (SANM)
CIK:        0000897723
Form:       8-K
Filed at:   2021-12-30T23:59:59+00:00
Accession:  0001104659-21-154706
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897723/000110465921154706/0001104659-21-154706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897723/000110465921154706/tm2136482d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-154706

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer