Sanmina Corporation
SANMINA CORPORATION Announces 2025 Corporate Bonus Plan
Summary
On December 9, 2024, SANMINA CORPORATION's Compensation Committee approved the Fiscal Year 2025 Corporate Bonus Plan (2025 Plan). The 2025 Plan sets performance targets for revenue, non-GAAP operating margin, and cash flow from operations for fiscal 2025. Incentive compensation will be contingent on the Company's achievement of these targets and individual/divisional performance goals. Executive officers' target individual incentive compensation ranges from 90% to 187.5% of their annual base salary. The Committee has the authority to modify the plan, including altering targets and individual compensation.
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About Sanmina Corporation
Sanmina Corporation is a leading provider of integrated manufacturing solutions, specializing in the design, manufacturing, and repair of complex electronics components and systems. The company serves several key industries, including communications networks, cloud solutions, computing and storage, defense and aerospace, industrial, medical, automotive, and clean technology. With expertise in advanced interconnect systems and enclosures, Sanmina offers its clients end-to-end supply chain solutions that enhance efficiency and speed-to-market. Known for its engineering excellence and global capabilities, the corporation operates manufacturing facilities across the Americas, Europe, and Asia, enabling it to support a diverse, multinational customer base. Sanmina's strategic focus on high-complexity, mission-critical products ensures its prominent role in the sectors it serves, driving innovation and quality across its service offerings. Positioned as a pivotal player in optimizing operational efficiencies, Sanmina plays an essential role in the infrastructure behind modern technological and industrial requirements, emphasizing its importance in the global market landscape.
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