Short answer
SANMINA CORP (SANM) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders). Stockholders approved adding 1,200,000 shares to the 2019 Equity Incentive Plan on March 9, 2026.
SANMINA CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Stockholders approved adding 1,200,000 shares to the 2019 Equity Incentive Plan on March 9, 2026
- Plan covers full range of equity awards: stock options, RSUs, performance units, and cash awards for officers, employees, and directors
- Plan expiration unchanged at December 3, 2028: new shares extend runway for equity-based compensation within existing timeline
- Dilution risk: 1.2M additional shares eligible for issuance to insiders and employees
Item 5.07 · Submission of Matters to a Vote of Security Holders
- All 8 directors elected; Mythili Sankaran weakest support at ~56% "For" votes: a notable dissent signal worth monitoring
- PwC ratified as auditor for FY2026 with 98.9% approval (50.5M For vs 578K Against)
- Say-on-pay advisory vote passed but with ~18.6% opposition (9M Against): elevated dissent on executive compensation
- 1.2M additional shares approved for 2019 equity plan (~2.3% dilution risk depending on share count)
- Independent chairman proposal rejected decisively: 5.8M For vs 42.7M Against; board retains combined Chair/CEO structure
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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