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
January 27, 2005
Date of Report (Date of earliest event reported)
|
SANMINA-SCI CORPORATION |
||
|
(Exact name of registrant as specified in its charter) |
||
|
|
|
|
|
Delaware |
000-21272 |
77-0228183 |
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2700 North First Street
San Jose, California 95134
(Address of principal executive offices)
(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):
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))
ITEM 2.05 Costs Associated with Exit or Disposal Activities
On January 27, 2005, we announced plans to take an additional $75 million restructuring charge in conjunction with the company’s restructuring plan previously announced in July 2004. This additional charge is to further reduce manufacturing capacity and headcount in high cost regions and leverage expanded capacity and technical capabilities in more cost-efficient regions. Restructuring charges under this plan are expected to total approximately $175 million, of which approximately 65 -70% is expected to result in cash expenditures. We expect the restructuring activities pursuant to this plan to be completed in fiscal 2006.
3
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.
|
|
|
|
|
|
SANMINA-SCI CORPORATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By: |
|
|
|
|
|
|
|
|
|
|
|
|
/s/ David L. White |
|
|
|
David L. White |
|
|
|
Executive Vice President and |
|
|
|
Chief Financial Officer |
|
|
|
|
|
Date: January 31, 2005 |
|
|
4