Sanmina appoints Jon Faust as EVP & CFO; Kurt Adzema to depart Jan 5, 2024; board member Goldsberry resigns for health

SANMINA CORP

Jon Faust named EVP & CFO effective Dec 18, 2023; base salary $650k, bonus target 100% (max 150%), 90k time-based RSUs (4yr vest), 30k performance stock units (3yr).
Kurt Adzema's employment terminates Jan 5, 2024; advisory role until then.
Board member John P. Goldsberry resigns for health reasons, effective Dec 4, 2023.
Compensation Committee approves FY2024 Corporate Bonus Plan with targets for revenue, non-GAAP operating margin, and cash flow; executive target incentives 80%-187.5% of base salary.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kurt Adzema

Executive Vice President and Chief Financial Officer

SANM · SANMINA CORP

Effective: 2024-01-05
Successor: Jonathan Faust
Filed: December 7, 2023, 6:59 PM ET

the employment of Kurt Adzema, Executive Vice President and Chief Financial Officer, will terminate effective January 5, 2024.

Appointed

Jonathan Faust

Executive Vice President and Chief Financial Officer

SANM · SANMINA CORP

Effective: 2023-12-18
Filed: December 7, 2023, 6:59 PM ET

Sanmina Corporation (the “Company”) announced the appointment of Jonathan Faust as Executive Vice President and Chief Financial Officer of the Company, effective December 18, 2023.

Departed

John P. Goldsberry

member of the Board of Directors

SANM · SANMINA CORP

Effective: 2023-12-04
Filed: December 7, 2023, 6:59 PM ET

John P. Goldsberry, a member of the Board of Directors of the Company notified the Company of his resignation from the Board and the committees on which he serves for health reasons, effective as of December 4, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kurt Adzema was terminated as Executive Vice President and Chief Financial Officer at SANMINA CORP.

Action: terminated
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

the employment of Kurt Adzema, Executive Vice President and Chief Financial Officer, will terminate effective January 5, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Faust was appointed as Executive Vice President and Chief Financial Officer at SANMINA CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Sanmina Corporation (the “Company”) announced the appointment of Jonathan Faust as Executive Vice President and Chief Financial Officer of the Company, effective December 18, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

John P. Goldsberry resigned as member of the Board of Directors at SANMINA CORP.

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

John P. Goldsberry, a member of the Board of Directors of the Company notified the Company of his resignation from the Board and the committees on which he serves for health reasons, effective as of December 4, 2023.

View on SEC.gov

SANMINA CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-124295

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