0001171843-21-007723.txt : 20211109 0001171843-21-007723.hdr.sgml : 20211109 20211109102932 ACCESSION NUMBER: 0001171843-21-007723 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20211109 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211109 DATE AS OF CHANGE: 20211109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIGMATRON INTERNATIONAL INC CENTRAL INDEX KEY: 0000915358 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 363918470 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23248 FILM NUMBER: 211390532 BUSINESS ADDRESS: STREET 1: 2201 LANDMEIER RD CITY: ELK GROVE VILLAGE STATE: IL ZIP: 60007 BUSINESS PHONE: 847-956-8000 MAIL ADDRESS: STREET 1: 2201 LANDMEIER ROAD CITY: ELK GROVE VILLAGE STATE: IL ZIP: 60007 8-K 1 f8k_110921.htm FORM 8-K Form 8-K
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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):  November 9, 2021

_______________________________

SIGMATRON INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware000-2324836-3918470
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

2201 Landmeier Road

Elk Grove Village, Illinois 60007

(Address of Principal Executive Offices) (Zip Code)

(847) 956-8000

(Registrant's telephone number, including area code)

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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock $0.01 par value per shareSGMAThe NASDAQ Capital Market

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

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. ☐

 
 
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) & (c)

On November 8, 2021, SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services (“EMS”) company (the “Company”), announced that James J Reiman has been elected Chief Financial Officer (“CFO”), Vice President Finance, Treasurer and Secretary of SigmaTron International, Inc, effective immediately. As previously reported on August 20, 2021, Linda K. Frauendorfer announced her retirement as CFO after a 30 year career with the Company, effective October 31, 2021.

Mr. Reiman, 58, has extensive experience in senior finance roles, manufacturing, international business, and SEC reporting. Prior to joining the Company, Mr. Reiman served as Corporate Controller at Chroma Color Corporation, a privately held specialty color and additive concentrate supplier from August 2019 to October 2021. From April 2007 through December 2018, he was Corporate Controller for Methode Electronics, Inc., a public global supplier of custom-engineered solutions that produces mechatronic products.

“On behalf of the Board of Directors and the SigmaTron team, I want to welcome Jim to SigmaTron. His experience will assist the Company as it grows and expands”, said Gary R Fairhead, Chief Executive Officer of the Company.

Mr. Reiman will receive an annual base salary of $200,000. He will participate in the Company’s annual bonus program, stock option plan, change in control plan, and other employee benefit plans and programs available to the Company’s senior executives, as described in the Company’s proxy statement for its 2021 annual meeting of stockholders filed with the Securities and Exchange Commission on August 21, 2021.

There are no arrangements or understandings between Mr. Reiman and any other persons pursuant to which Mr. Reiman was selected as CFO of the Company. There are no family relationships between Mr. Reiman and any director or executive officer of the Company and Mr. Reiman does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor are any such transactions currently proposed.

Item 7.01. Regulation FD Disclosure.

 The Company issued a press release, and a copy of the press release is furnished as Exhibit 99.1, in connection with the announcement of Mr. Reiman’s appointment to CFO.

The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.     Description
   
Exhibit 99.1 SigmaTron International, Inc. press release dated November 9, 2021.
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

SIGNATURE

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.

 SIGMATRON INTERNATIONAL, INC.
   
  
Date: November 9, 2021By: /s/ Gary R. Fairhead        
  Gary R. Fairhead
  Chief Executive Officer
  

 

EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling

EXHIBIT 99.1

SigmaTron International, Inc. Announces James J. Reiman Has Been Appointed Chief Financial Officer

ELK GROVE VILLAGE, Ill., Nov. 09, 2021 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services (“EMS”) company (the “Company”), announced that James J. Reiman has been elected Chief Financial Officer (“CFO”), Vice President Finance, Treasurer and Secretary of SigmaTron International, Inc. As previously reported on August 20, 2021, Linda K. Frauendorfer announced her retirement as CFO after a 30 year career with the Company.

Mr. Reiman has extensive experience in senior finance roles, manufacturing, international business and SEC reporting. “On behalf of the Board of Directors and the SigmaTron team, I want to welcome Jim to SigmaTron. His experience will assist the Company as it grows and expands,” said Gary R Fairhead, Chief Executive Officer of SigmaTron.

About SigmaTron International, Inc.

Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products. SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Biên Hòa City, Vietnam. SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.

Forward-Looking Statements

Note: This press release contains forward-looking statements, including statements regarding executive officers and succession planning. The forward looking statements in this press release are based on information available at the time the statements are made and/or management’s believe as of that time of the press release with respect to future events.

For Further Information Contact:
SigmaTron International, Inc.
Gary R. Fairhead
1-800-700-9095

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