Business Context and Reporting Period
Company: TTM Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 19, 2010
Event Date: October 19, 2010 (Effective date of agreement)
This filing reports the execution and effectiveness of a Special Security Agreement involving TTM Technologies, Inc., the U.S. Department of Defense (DoD), Su Sih (BVI) Limited (a significant foreign minority owner), and Mr. Tang Hsiang Chien (beneficial owner of Su Sih). The agreement was previously approved by the Board of Directors on September 28, 2010.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a material definitive agreement and does not contain financial statements or pro forma financial information.
Material Changes
The primary material change is the formal signing and effective date of the Special Security Agreement on October 19, 2010. This agreement was signed on behalf of the DoD by the Director, Industrial Policy and Programs, Defense Security Service. No other material changes to financial position or operations are disclosed in this document.
Guidance, Outlook, and Risks
Management Commentary: The filing references a prior 8-K filed on October 1, 2010, regarding the Board's approval of the agreement. The full text of the Special Security Agreement is attached as Exhibit 10.23 and incorporated by reference.
Risks and Contingencies: The filing does not explicitly detail specific risks or contingencies beyond the existence of the agreement itself. Investors are directed to the full text of the agreement for complete details.
Key Facts for Investor Verification
- Verify the specific terms and obligations within the Special Security Agreement (Exhibit 10.23) attached to this filing.
- Confirm the roles and interests of Su Sih (BVI) Limited and Mr. Tang Hsiang Chien as significant foreign minority owners.
- Review the prior Form 8-K filed on October 1, 2010, for the initial Board approval context.
- Note that this filing contains no financial performance data or forward-looking guidance.