-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ch/Ks1zVAF71sSU8/Acr+EeZbYL9nADMfLK/JHE4b6jZbhnoqA/LtCaA0MbUzINH zqpjhCQNhYkbsyv4+1L94g== 0000891618-07-000552.txt : 20070914 0000891618-07-000552.hdr.sgml : 20070914 20070914172740 ACCESSION NUMBER: 0000891618-07-000552 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070910 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070914 DATE AS OF CHANGE: 20070914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLECTRON CORP CENTRAL INDEX KEY: 0000835541 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 942447045 STATE OF INCORPORATION: DE FISCAL YEAR END: 0825 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11098 FILM NUMBER: 071118583 BUSINESS ADDRESS: STREET 1: 847 GIBRALTAR DR CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089578500 MAIL ADDRESS: STREET 1: 847 GIBRALTAR DR CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 f33825e8vk.htm FORM 8-K e8vk
 

 
 
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)
Date of Report (Date of earliest event reported) September 10 2007
SOLECTRON CORPORATION
(Exact name of registrant as specified in charter)
         
Delaware   1-11098   94-2447045
 
(State or other jurisdiction
of incorporation) 		  (Commission
File Number) 		  (IRS Employer
Identification No.)
 
847 Gibraltar Drive, Milpitas, California       95035
 
(Address of principal executive offices)       (Zip Code)
Registrant’s telephone number, including area code: (408) 957-8500
Not Applicable
 
(Former name or former address, if changed since last report.)
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:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
 
 

 

 

     SECTION 5 — Corporate Governance and Management
     ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
     Solectron Corporation (the “Company”) previously adopted the Solectron Executive Deferred Compensation Plan (the “Deferred Compensation Plan”), a nonqualified deferred compensation plan, which limits participation to a select group of management, highly compensated employees, directors and independent contractors of the Company and its participating affiliates, including the Company’s named executive officers. On September 10, 2007, the Executive Compensation and Management Resources Committee of the Board of Directors (the “Committee”) of the Company approved the termination of the Deferred Compensation Plan effective as of September 10, 2007, in anticipation of the pending merger with Flextronics International Ltd. (“Flextronics”).
     In addition, the Committee reconfirmed the vesting acceleration of all unvested Company contributions allocated to each participant’s account in connection with the termination of the Deferred Compensation Plan. The following table identifies, for each of Messrs. Tufano, Britt, DuChene, Lakkaraju, London, Neese, O’Connor, Purvis, and Hayes, the unvested Company contributions that accelerate upon termination of the Deferred Compensation Plan:
               
 
        Estimated Value Of  
  Name     Accelerated Vesting  
 
Paul Tufano
    $ 696,433.61    
 
Douglas Britt
    $ 398,395.79    
 
Todd DuChene
    $ 353,006.37    
 
Roop Lakkaraju
    $ 126,877.69    
 
Craig London
    $ 302,305.88    
 
Marty Neese
    $ 364,009.97    
 
Kevin O’Connor
    $ 401,394.24    
 
David Purvis
    $ 374,846.57    
 
Perry Hayes
    $ 31,513.73    
 
     Payment of each participant’s entire account balance will be made in accordance with the terms of the Deferred Compensation Plan.

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: September 14, 2007  Solectron Corporation
 		  
  /s/ Todd DuChene    
  Todd DuChene   
  Executive Vice President
General Counsel & Secretary 		  
 

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