Fabrinet Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Fabrinet on January 17, 2022. The report discloses a corporate governance event regarding the appointment of a new director to the Board of Directors.
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 personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Darlene Knight to the Board of Directors as a Class I director, effective January 17, 2022. Her term will expire at the Company's next annual meeting of shareholders. Additionally, Ms. Knight was appointed as a member of the Audit Committee.
Management Commentary and Background
Ms. Knight brings significant operational and P&L experience in multi-national manufacturing, primarily within the automotive sector. Her recent roles include:
- Vice President, Americas of Adient plc (May 2018 - January 2019).
- Vice President, China of Adient (March 2016 - April 2018).
- Group Vice President and General Manager, Complete Seat Americas of Johnson Controls, Inc. (October 2013 - February 2016).
- Senior leadership roles at Tecumseh Products Corporation (2012-2013) and Edscha GmbH (2006-2012).
- Roles of increasing responsibility at General Motors Corporation (1984-2006).
Ms. Knight will be compensated in accordance with the Company's standard policy for non-employee directors and will enter into the standard form of indemnification agreement. There are no special arrangements or understandings regarding her election.
Key Facts for Investor Verification
- Confirmation of Darlene Knight's appointment to the Board and Audit Committee.
- Review of the attached press release (Exhibit 99.1) for additional details on the appointment.
- Verification of the standard compensation policy for non-employee directors as described in the 2021 proxy statement.
- Confirmation that no special arrangements influenced the director election.