SEC Filing Summary: SYNNEX CORPORATION (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by SYNNEX CORPORATION on June 20, 2006. The filing discloses corporate governance actions taken by the Board of Directors and the Compensation Committee regarding executive compensation and stock incentive plans.
Key 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 administrative and compensation matters rather than financial performance results.
Material Changes and Corporate Actions
- Executive Base Salaries: The Compensation Committee approved the following base salaries for executive officers effective June 20, 2006:
- Robert T. Huang: $400,000
- John E. Paget: $300,000
- Peter Larocque: $315,000
- Dennis Polk: $300,000
- Simon Y. Leung: $180,000
- Stock Incentive Plan Amendment: The Board of Directors approved amendments to the 2003 Stock Incentive Plan. The amendment specifically adjusts the timing of option grants made to non-employee directors pursuant to Section 4(b) of the Plan.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the disclosure of the aforementioned compensation approvals and plan amendments.
Key Facts for Investor Verification
- Verify the total annual compensation cost impact of the approved base salaries for the five named executive officers.
- Review the specific details of the amendment to the 2003 Stock Incentive Plan regarding the timing of non-employee director option grants.
- Confirm the effective date of these compensation changes (June 20, 2006) against the company's fiscal calendar.