Fabrinet Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated December 20, 2010, covers events occurring at Fabrinet's 2010 Annual Meeting of Shareholders. The company is incorporated in the Cayman Islands.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and shareholder voting outcomes rather than financial performance data.
Material Changes and Corporate Actions
- Shareholder Approval: Shareholders approved an amendment to the 2010 Performance Incentive Plan, increasing the number of authorized shares issuable under the plan by 500,000 ordinary shares.
- Director Elections: Two Class I directors, Mark A. Christensen and Rollance E. Olson, were elected for a three-year term.
- Auditor Ratification: Shareholders ratified the appointment of PricewaterhouseCoopers ABAS Limited as the independent registered public accounting firm for the fiscal year ending June 24, 2011.
Voting Results
| Proposal | Votes For | Votes Against/Withheld | Abstain |
|---|---|---|---|
| Election of Directors (Christensen & Olson) | ~31.3M each | ~2,900 & 1,400 (Withheld) | N/A |
| Amendment to Performance Incentive Plan | 28,593,761 | 1,180,205 | 1,542,400 |
| Ratification of Auditor | 31,638,526 | 708 | 0 |
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors. The document is limited to reporting the results of the shareholder vote and the amendment to the incentive plan.
Key Facts for Investor Verification
- Verify the impact of the 500,000 share increase on potential dilution under the 2010 Performance Incentive Plan.
- Confirm the terms of the newly elected directors' three-year tenure.
- Review the full text of the amended 2010 Performance Incentive Plan filed as Exhibit 10.1.