8-K

UNITED

STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

(June 12, 2023)

Date of Report (Date of earliest event reported)

SANMINA CORPORATION

(Exact name of registrant as specified in its charter)

2700 North First Street

San Jose, California 95134

(Address of principal executive offices, including zip code)

(408) 964-3500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Securities registered pursuant to Section 12(b) of the Act:

ITEM

5.02           DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

Appointment of New Directors

On June 12, 2023, the Board of Directors of Sanmina Corporation (the “Company”) appointed Susan K. Barnes and Mythili Sankaran as members of the Board of Directors of the Company.

Ms. Barnes, 69, served as Chief Financial Officer of Pacific Biosciences of California, Inc., a life sciences technology company, from 2010 through August 2020. From 1997 to 2005, she was Senior Vice President, Finance and Chief Financial Officer of Intuitive Surgical, Inc., a medical device manufacturer. Ms. Barnes has served on several boards of directors of public and private companies, including Northstar Neuroscience, Inc. and RAE Systems Inc.

Ms. Sankaran, 58, has served as the Chief Executive Officer of Neythri.org, a global community of professional South Asian women, which she also founded, and Founding Managing Partner of the Neythri Futures Fund, a venture fund for and by women, since February 2021. She has held several board and board advisory positions with both for-profit and non-profit entities beginning in March 2019, including Room to Read, an education non-profit, and Tune ‘em, a learning experience platform. From 2009 to 2014, Ms. Sankaran served as Senior Executive Director & Head, Western Region for the U.S. India Business Council, which she helped establish as the premier advocacy organization in the US - India corridor. She has held a number of executive, product management and research positions, including at Koollage, a telecom/web startup where she served as Chief Executive Officer, Palmsource, IBM Research Labs, AT&T Bell Labs and Lucent Technologies.

Ms. Barnes and Ms. Sankaran will receive prorated cash and equity compensation for their service through the 2024 Annual Meeting of Stockholders in accordance with the non-employee Board member compensation arrangements previously approved by the Board.

The press release announcing Ms. Barnes’ and Ms. Sankaran’s appointments is filed as Exhibit 99.1 to this Form 8-K.

ITEM 9.01           FINANCIAL STATEMENTS AND EXHIBITS

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

3

Exhibit 99.1

NEWS

Susan K. Barnes and MythiliSankaran Join Sanmina’s Board of Directors

San Jose, CA – June 13, 2023. Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced the appointment of Susan K. Barnes and Mythili Sankaran to the Company's Board of Directors effective June 12, 2023.

Susan K. Barnes

Barnes has over 30 years of experience in financial management with private and public technology companies. Before retiring, Barnes was Executive Vice President and Chief Financial Officer of Pacific Biosciences, Inc., a life sciences technology company, from 2010 to 2020. During her tenure, she was instrumental in the company’s IPO and equity follow-ons. From 1997 to 2005, Barnes was Senior Vice President, Finance and CFO at Intuitive Surgical, a medical device manufacturer. From 1994 to 1996, she was Managing Director of the private equity group at Jefferies & Company. From 1991 to 1994, she was CFO and Managing Director of Richard C. Blum & Associates. In 1985, Barnes, Steve Jobs and four others founded NeXT Computer; she was Vice President and CFO until 1991. From 1981 to 1985, she was the Controller of Apple’s Macintosh division.

Barnes earned her AB from Bryn Mawr College and MBA from the Wharton Graduate Division of the University of Pennsylvania.

Mythili Sankaran

Sankaran has over 30 years of experience in the technology sector, spanning semiconductors, telecommunications & networking and internet software. Since 2021, Sankaran has served as CEO and Co-founder of Neythri.org, a global community of professional South Asian women, and the Founding Managing Partner of the Neythri Futures Fund, a venture fund for and by women. From 2009 to 2014, Sankaran was the Senior Executive Director & Head, Western Region for the U.S. India Business Council (USIBC). She was responsible for deepening trade and commercial ties between U.S. and Indian companies, primarily focusing on growth in the tech industry. Before USIBC, Sankaran was the CEO of Koollage, Inc., a telecom/web startup. Earlier in her career she held senior leadership positions at Palmsource, eVoice, Lucent Technologies, AT&T Bell Labs Innovations and IBM Research Labs.

Sankaran has a Master’s degree in Electronics from the University of Mumbai, an MS in Physics from Texas Tech University, an Executive mini-MBA from the Wharton School and is an alum of the Stanford Executive Program.

"We are pleased to have Susan and Mythili join Sanmina's Board. They each bring a wealth of knowledge and leadership experience to complement our existing team of accomplished directors. We look forward to working with them and gaining their perspective as we continue to position the Company for the future," said Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.

About Sanmina

Sanmina Corporation is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud solutions markets. Sanmina has strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.

Sanmina Contact

Paige Melching

SVP, Investor Communications

408-964-3610