SigmaTron International Inc.

03/07/2024 | Press release | Distributed by Public on 03/07/2024 18:13

Management Change/Compensation Form 8 K

ITEM 5.02.

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

(d)

On July 2, 2024, the board of directors (the "Board") of SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company (the "Company"), on recommendation of the Nominating Committee of the Board, appointed John P. Sheehan, President of the Company, as a Class I Director of the Board, effective July 3, 2024, filling the vacancy created when Thomas W. Rieck was reclassified as a Class II Director on December 5, 2023. Mr. Sheehan will serve as a Class I Director of the Board for a term expiring on the date of the Company's 2024 annual meeting of stockholders. Mr. Sheehan is not expected to serve on any Board committees. There are no arrangements or understandings between Mr. Sheehan and any other persons with respect to his appointment as a Class I Director of the Board.

As an employee-director, Mr. Sheehan is not eligible to participate in the Company's non-employeedirector compensation arrangements and therefore will not receive any additional cash compensation or equity awards under the Company's 2021 Non-EmployeeDirector Restricted Stock Plan for his services as director.