Sanmina enters separation agreement with former CFO Kurt Adzema; $570K payout and PSU acceleration

SANMINA CORP

Former EVP and CFO Kurt Adzema to receive a lump sum of $570,000 on January 5, 2024.
Vesting accelerated for 22,334 performance stock units with achieved performance criteria.
Agreement includes standard release of claims, non-solicitation, and non-disparagement provisions.

item 5.02

Executive movements

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Departed

Kurt Adzema

Executive Vice President and Chief Financial Officer

SANM · SANMINA CORP

Effective: 2023-12-13
Filed: December 19, 2023, 6:59 PM ET

On December 13, 2023, Sanmina Corporation (the “Company”) entered into a Separation and Release Agreement (the “Agreement”) with Kurt Adzema, former Executive Vice President and Chief Financial Officer of the Company

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

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

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

Exact text from the filing

On December 13, 2023, Sanmina Corporation (the “Company”) entered into a Separation and Release Agreement (the “Agreement”) with Kurt Adzema, former Executive Vice President and Chief Financial Officer of the Company

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SANMINA CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-127317

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