Fabrinet 8-K Filing Summary
Business Context and Reporting Period
This Form 8-K was filed on October 30, 2015, by Fabrinet, a company incorporated in the Cayman Islands. The report discloses a material definitive agreement entered into on the same date by Fabrinet Co., Ltd., a wholly-owned subsidiary.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial figure disclosed is the contract value for a new construction project.
- Construction Contract Value: 1,100,863,000 Thai Baht (approximately $31.0 million).
- Project Duration: Expected completion within 305 days from the notice to commence.
Material Changes
The material change reported is the entry into a Construction Agreement with Standard Performance Co., Ltd. to design and construct a manufacturing building on Fabrinet's land in the Hemaraj Eastern Seaboard Industrial Estate 2, Si Racha District, Chonburi, Thailand. The contract price is subject to variations and change orders.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary contingency noted is that the final project cost may increase or decrease due to variations and change orders.
Key Facts for Investor Verification
- Verify the impact of the $31.0 million capital expenditure on the company's cash flow and liquidity.
- Confirm the timeline for the issuance of the notice to commence the project to establish the actual completion date.
- Monitor future filings for any significant change orders that may alter the total project cost.