Sanmina-Sci Corp - Current report filing (8-K)
June 13 2008 - 1:29PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
June 9, 2008
Date
of Report (Date of earliest event reported)
SANMINA-SCI
CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
|
|
000-21272
|
|
77-0228183
|
(State or other jurisdiction of
incorporation)
|
|
(Commission File Number)
|
|
(I.R.S. Employer Identification
No.)
|
2700 North First Street
San Jose, California 95134
(Address
of principal executive offices)
(408) 964-3500
(Registrants
telephone number, including area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2.
below):
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 9, 2008, Sanmina-SCI Corporation (the Company) amended
and restated the Sanmina-SCI Corporation Deferred Compensation Plan, originally
adopted effective January 1, 2003 for the benefit of certain employees of
the Company (the Employee Deferred Plan). The Employee Deferred Plan permits
participating employees to defer payment of all or a portion of their salary
and bonus until a future date or dates or the occurrence of an event selected
by the participant (such as retirement or termination of employment). Prior to distribution, amounts deferred are
credited with earnings and losses based on certain hypothetical investment
options selected by participating employees.
Also, on June 9, 2008, the Company amended and restated the
Sanmina-SCI Corporation Deferred Compensation Plan for Outside Directors,
originally adopted effective June 1, 2002 (the Director Deferred Plan).
The Director Deferred Plan permits participating non-employee members of the
Companys Board of Directors to defer payment of all or a portion of the fees
payable to such directors, including the retainer for service as a member of
the Board or any committees thereof and meeting fees. Fees payable in the form
of restricted stock or options are not eligible for deferral. Deferred fees are
converted into a number of share units determined by dividing the amount
deferred by the fair market value of one share of the Companys Common Stock on
the date such fees would otherwise by payable. Such amounts are paid in the
form of Common Stock following a participants termination of service as a
director.
The Employee Deferred Plan and the Director Deferred Plan are considered
unfunded plans for purposes of the Employee Retirement Income Security Act of
1974, as amended (ERISA). As a result, all amounts deferred are considered
unsecured general obligations of the Company. The amendments to the Employee
Deferred Plan and the Director Deferred Plan were adopted in order for the
provisions of the plans to continue to comply with the requirements of
applicable law, including Section 409A of the Internal Revenue Code and
the regulations promulgated thereunder. The amendments are effective as of January 1,
2009 and apply to all deferrals made on or after January 1, 2005.
The Company will file the amended and restated Employee Deferred Plan
and Director Deferred Plan as exhibits to its Quarterly Report on Form 10-Q for
the fiscal quarter ending June 28, 2008, expected to be filed on or before
August 7, 2008.
2
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
June 13, 2008
|
SANMINA-SCI
CORPORATION
|
|
|
|
|
|
By:
|
/s/ Michael
R. Tyler
|
|
|
Michael R.
Tyler
|
|
|
Executive
Vice President, General
Counsel and Corporate Secretary
|
3
Sanmina (NASDAQ:SANM)
Historical Stock Chart
From May 2024 to Jun 2024
Sanmina (NASDAQ:SANM)
Historical Stock Chart
From Jun 2023 to Jun 2024