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SANM > SEC Filings for SANM > Form 8-K on 16-Sep-2009All Recent SEC Filings

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Form 8-K for SANMINA-SCI CORP


16-Sep-2009

Change in Directors or Principal Officers, Financial Statements and Exhibits


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

Effective September 14, 2009, Sanmina-SCI Corporation (the "Company") appointed Bob Eulau as Executive Vice President and Chief Financial Officer of the Company.

Mr. Eulau, 47, served as Executive Vice President, Chief Operating Officer and Chief Financial Officer of privately-owned Alien Technology Corporation, a developer of radio frequency identification products, from March 2006 through July 2008. Previously, he was Senior Vice President and Chief Financial Officer of publicly-traded Rambus Inc., a technology licensing company, from May 2001 through March 2006. Prior to Rambus, Eulau served over 15 years with Hewlett Packard Company in various leadership roles, including Vice President and Chief Financial Officer of HP's Business Customer Organization, a $30 billion commercial business, and Vice President and Chief Financial Officer of HP's Computing Products, a $20 billion server, personal computing, storage and software business.

Mr. Eulau will receive a base annual salary of $400,000 and will be eligible for a target bonus payout of 80% of base salary following completion of a full fiscal year of employment based upon criteria to be established by the Company, with a guaranteed first year's bonus of $200,000. In addition, Mr. Eulau will be granted stock options to purchase 175,000 shares of the Company's common stock at an exercise price equal to the fair market value of the Company's common stock on the date of grant and vesting over four years and 50,000 restricted stock units vesting in full three years after the date of grant, subject to acceleration if certain Company performance measures are achieved.

The press release announcing Mr. Eulau's appointment is included as Exhibit 99.1 to this Form 8-K.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

Exhibit No                                 Description

Exhibit 99.1   Press release dated September 14, 2009 announcing appointment of Bob
               Eulau as Executive Vice President and Chief Financial Officer


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