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[8-K] Sanmina Corp Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Sanmina Corp has announced significant changes to its bylaws effective June 19, 2025, following board approval. The key amendments include:

  • Reduced ownership threshold for calling special stockholder meetings from 50% to 25% of voting power
  • Implementation of a one-year continuous holding period requirement for stockholders to call special meetings
  • Updated procedural mechanics and technical modernization of bylaws

These changes represent a significant enhancement of shareholder rights by lowering the barrier to call special meetings, while maintaining corporate stability through the holding period requirement. The amendments were filed under Form 8-K and executed by CFO Jonathan Faust. The company trades on NASDAQ under symbol SANM.

Sanmina Corp ha annunciato importanti modifiche al proprio statuto, efficaci dal 19 giugno 2025, a seguito dell'approvazione del consiglio di amministrazione. Le principali modifiche includono:

  • Abbassamento della soglia di proprietà necessaria per convocare assemblee straordinarie degli azionisti dal 50% al 25% del potere di voto
  • Introduzione di un periodo minimo di detenzione continuativa di un anno per gli azionisti che intendono convocare assemblee straordinarie
  • Aggiornamento delle procedure operative e modernizzazione tecnica dello statuto

Questi cambiamenti rappresentano un significativo rafforzamento dei diritti degli azionisti, abbassando la soglia per la convocazione di assemblee straordinarie, pur garantendo la stabilità aziendale attraverso il requisito del periodo di detenzione. Le modifiche sono state presentate tramite il modulo 8-K e firmate dal CFO Jonathan Faust. La società è quotata al NASDAQ con il simbolo SANM.

Sanmina Corp ha anunciado cambios significativos en sus estatutos, que entrarán en vigor el 19 de junio de 2025, tras la aprobación de la junta directiva. Las enmiendas clave incluyen:

  • Reducción del umbral de propiedad para convocar reuniones especiales de accionistas del 50% al 25% del poder de voto
  • Implementación de un requisito de periodo continuo de tenencia de un año para que los accionistas puedan convocar reuniones especiales
  • Actualización de los procedimientos y modernización técnica de los estatutos

Estos cambios representan una mejora significativa en los derechos de los accionistas al reducir la barrera para convocar reuniones especiales, manteniendo la estabilidad corporativa mediante el requisito del periodo de tenencia. Las enmiendas fueron presentadas bajo el Formulario 8-K y ejecutadas por el CFO Jonathan Faust. La compañía cotiza en NASDAQ con el símbolo SANM.

Sanmina CorpëŠ� ì´ì‚¬íš� 승ì¸ì—� ë”°ë¼ 2025ë…� 6ì›� 19ì�ë¶€ë¡� ì •ê´€ì—� 중대í•� ë³€ê²� 사항ì� 발표했습니다. 주요 개정 ë‚´ìš©ì€ ë‹¤ìŒê³� 같습니다:

  • 특별 주주ì´íšŒë¥� 소집하기 위한 소유 ì§€ë¶� 기준ì� 50%ì—서 25%ë¡� 낮춤
  • 주주가 특별ì´íšŒë¥� 소집í•� ìˆ� 있는 1ë…� ì—°ì† ë³´ìœ  기간 요건 ë„ìž…
  • ì •ê´€ì� 절차ì � ìš´ì˜ ë°� 기술ì � 현대í™� ì—…ë°ì´íЏ

ì´ëŸ¬í•� ë³€ê²� ì‚¬í•­ì€ íŠ¹ë³„ì´íšŒ 소집 장벽ì� 낮추ì–� 주주 권리ë¥� í¬ê²Œ ê°•í™”í•˜ë©´ì„œë„ ë³´ìœ  기간 요건ì� 통해 기업ì� ì•ˆì •ì„±ì„ ìœ ì§€í•˜ëŠ” 중요í•� 개선ì� ì˜ë¯¸í•©ë‹ˆë‹�. ê°œì •ì•ˆì€ Form 8-Kì—� 제출ë˜ì—ˆìœ¼ë©° CFO Jonathan Faustê°€ 실행했습니다. 회사ëŠ� NASDAQì—서 SANM 심볼ë¡� 거래ë˜ê³  있습니다.

Sanmina Corp a annoncé d'importantes modifications de ses statuts, effectives à compter du 19 juin 2025, suite à l'approbation du conseil d'administration. Les principales modifications comprennent :

  • Réduction du seuil de propriété requis pour convoquer des assemblées extraordinaires d'actionnaires, passant de 50 % à 25 % du pouvoir de vote
  • Mise en place d'une exigence de détention continue d'un an pour les actionnaires souhaitant convoquer des assemblées extraordinaires
  • Mise à jour des procédures et modernisation technique des statuts

Ces changements représentent une amélioration significative des droits des actionnaires en abaissant la barrière pour convoquer des assemblées extraordinaires, tout en maintenant la stabilité de l'entreprise grâce à l'exigence de période de détention. Les modifications ont été déposées via le formulaire 8-K et exécutées par le CFO Jonathan Faust. La société est cotée au NASDAQ sous le symbole SANM.

Sanmina Corp hat nach Zustimmung des Vorstands bedeutende Änderungen an seiner Satzung angekündigt, die am 19. Juni 2025 in Kraft treten. Die wichtigsten Änderungen umfassen:

  • Reduzierung der Eigentumsschwelle zur Einberufung außerordentlicher Hauptversammlungen von 50 % auf 25 % der Stimmrechte
  • Einführung einer einjährigen ununterbrochenen Haltefrist für Aktionäre, um außerordentliche Versammlungen einzuberufen
  • Aktualisierung der Verfahrensabläufe und technische Modernisierung der Satzung

Diese Änderungen stellen eine bedeutende Stärkung der Aktionärsrechte dar, indem die Hürde zur Einberufung außerordentlicher Versammlungen gesenkt wird, während durch die Haltefrist die Unternehmensstabilität gewahrt bleibt. Die Änderungen wurden im Formular 8-K eingereicht und vom CFO Jonathan Faust ausgeführt. Das Unternehmen ist an der NASDAQ unter dem Symbol SANM gelistet.

Positive
  • Reduced stockholder special meeting threshold from 50% to 25% of voting power, enhancing shareholder rights and corporate governance
  • Added clarity and modernization to bylaws with updated procedural mechanics
Negative
  • New one-year continuous holding period requirement adds restriction for calling special stockholder meetings

Insights

Sanmina significantly enhances shareholder rights by lowering special meeting threshold from 50% to 25%, balancing accessibility with stability.

This bylaw amendment represents a substantial enhancement of shareholder rights at Sanmina Corporation. By reducing the ownership threshold required to call a special meeting from 50% to 25%, the company has effectively doubled the accessibility of this important governance mechanism. The previous 50% threshold was exceptionally high by modern corporate governance standards, essentially requiring majority control to convene non-regular meetings - making it nearly impossible for significant but non-controlling shareholders to exercise this right.

The addition of a one-year continuous holding requirement creates a thoughtful balance that prevents potential misuse by short-term investors while still empowering long-term shareholders. This structure aligns with best practices that distinguish between transient investors and committed stakeholders who have demonstrated a sustained interest in the company's governance.

This change positions Sanmina more closely with progressive governance frameworks adopted by industry leaders and responds to the growing emphasis on shareholder engagement from institutional investors. The move likely reflects board recognition of evolving expectations regarding shareholder rights and could potentially enhance the company's governance ratings with proxy advisory firms like ISS and Glass Lewis, which typically view reasonable special meeting rights favorably.

Sanmina Corp ha annunciato importanti modifiche al proprio statuto, efficaci dal 19 giugno 2025, a seguito dell'approvazione del consiglio di amministrazione. Le principali modifiche includono:

  • Abbassamento della soglia di proprietà necessaria per convocare assemblee straordinarie degli azionisti dal 50% al 25% del potere di voto
  • Introduzione di un periodo minimo di detenzione continuativa di un anno per gli azionisti che intendono convocare assemblee straordinarie
  • Aggiornamento delle procedure operative e modernizzazione tecnica dello statuto

Questi cambiamenti rappresentano un significativo rafforzamento dei diritti degli azionisti, abbassando la soglia per la convocazione di assemblee straordinarie, pur garantendo la stabilità aziendale attraverso il requisito del periodo di detenzione. Le modifiche sono state presentate tramite il modulo 8-K e firmate dal CFO Jonathan Faust. La società è quotata al NASDAQ con il simbolo SANM.

Sanmina Corp ha anunciado cambios significativos en sus estatutos, que entrarán en vigor el 19 de junio de 2025, tras la aprobación de la junta directiva. Las enmiendas clave incluyen:

  • Reducción del umbral de propiedad para convocar reuniones especiales de accionistas del 50% al 25% del poder de voto
  • Implementación de un requisito de periodo continuo de tenencia de un año para que los accionistas puedan convocar reuniones especiales
  • Actualización de los procedimientos y modernización técnica de los estatutos

Estos cambios representan una mejora significativa en los derechos de los accionistas al reducir la barrera para convocar reuniones especiales, manteniendo la estabilidad corporativa mediante el requisito del periodo de tenencia. Las enmiendas fueron presentadas bajo el Formulario 8-K y ejecutadas por el CFO Jonathan Faust. La compañía cotiza en NASDAQ con el símbolo SANM.

Sanmina CorpëŠ� ì´ì‚¬íš� 승ì¸ì—� ë”°ë¼ 2025ë…� 6ì›� 19ì�ë¶€ë¡� ì •ê´€ì—� 중대í•� ë³€ê²� 사항ì� 발표했습니다. 주요 개정 ë‚´ìš©ì€ ë‹¤ìŒê³� 같습니다:

  • 특별 주주ì´íšŒë¥� 소집하기 위한 소유 ì§€ë¶� 기준ì� 50%ì—서 25%ë¡� 낮춤
  • 주주가 특별ì´íšŒë¥� 소집í•� ìˆ� 있는 1ë…� ì—°ì† ë³´ìœ  기간 요건 ë„ìž…
  • ì •ê´€ì� 절차ì � ìš´ì˜ ë°� 기술ì � 현대í™� ì—…ë°ì´íЏ

ì´ëŸ¬í•� ë³€ê²� ì‚¬í•­ì€ íŠ¹ë³„ì´íšŒ 소집 장벽ì� 낮추ì–� 주주 권리ë¥� í¬ê²Œ ê°•í™”í•˜ë©´ì„œë„ ë³´ìœ  기간 요건ì� 통해 기업ì� ì•ˆì •ì„±ì„ ìœ ì§€í•˜ëŠ” 중요í•� 개선ì� ì˜ë¯¸í•©ë‹ˆë‹�. ê°œì •ì•ˆì€ Form 8-Kì—� 제출ë˜ì—ˆìœ¼ë©° CFO Jonathan Faustê°€ 실행했습니다. 회사ëŠ� NASDAQì—서 SANM 심볼ë¡� 거래ë˜ê³  있습니다.

Sanmina Corp a annoncé d'importantes modifications de ses statuts, effectives à compter du 19 juin 2025, suite à l'approbation du conseil d'administration. Les principales modifications comprennent :

  • Réduction du seuil de propriété requis pour convoquer des assemblées extraordinaires d'actionnaires, passant de 50 % à 25 % du pouvoir de vote
  • Mise en place d'une exigence de détention continue d'un an pour les actionnaires souhaitant convoquer des assemblées extraordinaires
  • Mise à jour des procédures et modernisation technique des statuts

Ces changements représentent une amélioration significative des droits des actionnaires en abaissant la barrière pour convoquer des assemblées extraordinaires, tout en maintenant la stabilité de l'entreprise grâce à l'exigence de période de détention. Les modifications ont été déposées via le formulaire 8-K et exécutées par le CFO Jonathan Faust. La société est cotée au NASDAQ sous le symbole SANM.

Sanmina Corp hat nach Zustimmung des Vorstands bedeutende Änderungen an seiner Satzung angekündigt, die am 19. Juni 2025 in Kraft treten. Die wichtigsten Änderungen umfassen:

  • Reduzierung der Eigentumsschwelle zur Einberufung außerordentlicher Hauptversammlungen von 50 % auf 25 % der Stimmrechte
  • Einführung einer einjährigen ununterbrochenen Haltefrist für Aktionäre, um außerordentliche Versammlungen einzuberufen
  • Aktualisierung der Verfahrensabläufe und technische Modernisierung der Satzung

Diese Änderungen stellen eine bedeutende Stärkung der Aktionärsrechte dar, indem die Hürde zur Einberufung außerordentlicher Versammlungen gesenkt wird, während durch die Haltefrist die Unternehmensstabilität gewahrt bleibt. Die Änderungen wurden im Formular 8-K eingereicht und vom CFO Jonathan Faust ausgeführt. Das Unternehmen ist an der NASDAQ unter dem Symbol SANM gelistet.

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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 19, 2025

Date of Report (date of earliest event reported)

 

SANMINA CORPORATION

(Exact name of registrant as specified in its charter)

 

DE   0-21272   77-0228183
(State or other jurisdiction of incorporation or   (Commission File   (I.R.S. Employer Identification
organization)    Number)   No.)

 

 

2700 North First Street

 

San Jose,

CA 95134

(Address of principal executive offices, including zip code)

 

(408) 964-3500

(Registrant’s 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):

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading symbol(s) Name of each exchange on which registered
Common Stock SANM NASDAQ Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

 

ITEM 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

Effective June 19, 2025, the board of directors (the “Board”) of Sanmina Corporation, a Delaware corporation (the “Company”), approved and adopted an amendment and restatement of the Company’s Amended and Restated Bylaws (as amended, the “Bylaws”), which became effective immediately. The amendments effected by the Bylaws:

 

·reduce the ownership threshold necessary to call a special meeting of the stockholders from not less than fifty percent of the voting power of the outstanding shares of capital stock of the Company to not less than twenty-five percent of the voting power of the outstanding shares of capital stock of the Company;

 

·establish a one-year continuous holding period required to call a special meeting of the stockholders; and

 

·clarify and update related procedural mechanics.

 

The Bylaws also include certain technical, modernizing, conforming and clarifying changes.

 

The foregoing description of the changes contained in the Bylaws is qualified in its entirety by reference to the text of the Bylaws, a copy of which is filed hereto as Exhibit 3.1, incorporated herein by reference.

 

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits.

 

Exhibit No.   Description
     
3.1   Sanmina Corporation Amended and Restated Bylaws, as amended June 19, 2025
     
104   Cover Page Interactive Data File (embedded within the inline XBRL document)

 

 

 

 

SIGNATURES

 

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 thereunto duly authorized.

 

  SANMINA CORPORATION
   
  By: /s/ Jonathan Faust
    Jonathan Faust
    Executive Vice President and Chief Financial Officer

 

Date:   June 20, 2025

 

 

 

FAQ

What changes did SANM make to its bylaws on June 19, 2025?

SANM made three key changes to its bylaws: 1) Reduced the stockholder special meeting threshold from 50% to 25% of voting power, 2) Established a one-year continuous holding period requirement for calling special stockholder meetings, and 3) Updated related procedural mechanics and made technical modernizing changes.

What is the new ownership threshold required to call a special meeting of SANM stockholders?

The new ownership threshold is 25% of the voting power of SANM's outstanding shares of capital stock, reduced from the previous requirement of 50%. Stockholders must also meet a new one-year continuous holding period requirement to call a special meeting.

When did SANM's new bylaw amendments become effective?

The amendments to SANM's bylaws became effective immediately upon approval by the Board of Directors on June 19, 2025.

Who approved SANM's bylaw changes in June 2025?

The bylaw changes were approved and adopted by SANM's Board of Directors on June 19, 2025. The 8-K was signed by Jonathan Faust, Executive Vice President and Chief Financial Officer.

What new holding period requirement did SANM implement for calling special stockholder meetings?

SANM implemented a one-year continuous holding period requirement that stockholders must meet to be eligible to call a special meeting of stockholders.
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