secwatch.observer — SEC 8-K summary
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Issuer:     SANMINA CORP (SANM)
CIK:        0000897723
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001104659-23-124295
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/0001104659-23-124295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897723/000110465923124295/tm2332283d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-124295

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