Business Context and Reporting Period
Company: Sanmina Corporation (SANM)
Filing Type: Form 8-K (Current Report)
Date of Report: December 8, 2025
Subject: Approval of the Fiscal Year 2026 Corporate Bonus Plan by the Compensation Committee.
Key Financial Metrics
This filing does not report specific financial results (revenue, profit, cash flow, margins, debt, or liquidity) for a completed period. Instead, it establishes performance targets for the upcoming fiscal year.
- Performance Targets: The 2026 Plan sets targets for Revenue, Non-GAAP Operating Margin, and Cash Flow from Operations for Fiscal Year 2026.
- Executive Compensation Range: Target individual incentive compensation for executive officers ranges from 90% to 187.5% of annual base salary.
Material Changes
The filing announces the formal approval of the Fiscal Year 2026 Corporate Bonus Plan. No material changes to prior period financial results are reported in this document.
Guidance, Outlook, and Management Commentary
Compensation Structure:
- Incentive compensation is contingent on achieving minimum performance targets against the established Revenue, Non-GAAP Operating Margin, and Cash Flow goals.
- If minimum targets are not met, no incentive compensation is payable under the plan.
- Final payouts are determined by a combination of company-wide target achievement and individual/divisional performance goals.
- The Compensation Committee retains the right to terminate or amend the plan, including adjusting targets.
- The Committee may adjust individual incentive compensation up or down on a discretionary basis.
- Compensation is at risk if company-wide performance targets are not met.
Investor Verification Checklist
- Verify the specific numerical targets for Revenue, Non-GAAP Operating Margin, and Cash Flow for Fiscal 2026 (not disclosed in this filing).
- Review the definition of "Non-GAAP Operating Margin" used in the bonus plan to ensure consistency with prior reporting.
- Monitor future filings for any amendments to the plan or adjustments to targets by the Compensation Committee.
- Confirm the specific individual performance goals for executive officers, which are not detailed in this summary.