---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-124295"
form_type: "8-K"
ticker: "SANM"
cik: "0000897723"
company_name: "SANMINA CORP"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:40:23.248619+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-124295
- form_type: 8-K
- ticker: SANM
- cik: 0000897723
- company_name: SANMINA CORP
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/0001104659-23-124295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/tm2332283d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-124295
- JSON: https://secwatch.observer/filing/0001104659-23-124295.json
- Plain text: https://secwatch.observer/filing/0001104659-23-124295.txt

## Key facts
- Executive change
  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
  source text: the employment of Kurt Adzema, Executive Vice President and Chief Financial Officer, will terminate effective January 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/0001104659-23-124295-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/0001104659-23-124295-index.htm
- Executive change
  John P. Goldsberry resigned as member of the Board of Directors at SANMINA CORP.
  - Action: resigned
  - Role: member of the Board of Directors
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/0001104659-23-124295-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.