Form 8-K

 

 

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): December 29, 2009

 

 

SYNNEX CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-31892   94-2703333

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

44201 Nobel Drive

Fremont, California

  94538
(Address of principal executive offices)   (Zip Code)

(510) 656-3333

(Registrant’s telephone number, including area code)

N/A

(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 obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ 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))

 

 

 


Item 2.02. Results of Operations and Financial Condition

The information in this Current Report is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On January 5, 2010, SYNNEX Corporation (“SYNNEX”) issued a press release regarding SYNNEX’s financial results for its fiscal fourth quarter and year ended November 30, 2009. The full text of SYNNEX’s press release is furnished herewith as Exhibit 99.1.

 

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

(e) Profit Sharing Bonuses and the 2009 Profit Sharing Program

On December 29, 2009, the Compensation Committee of the Board of Directors of SYNNEX approved cash bonus payments for the following executive officers in the amounts set forth opposite the name of each officer, pursuant to SYNNEX’s 2009 profit sharing program:

 

Name

   Amount of Bonus

Kevin Murai

   $ 1,100,000

Peter Larocque

   $ 870,000

Dennis Polk

   $ 700,000

Thomas Alsborg

   $ 375,000

Simon Leung

   $ 160,000

In determining the amounts of executive officer cash bonuses, the Compensation Committee considered the recommendations of Mr. Kevin Murai, SYNNEX’s President and Chief Executive Officer, for each of the other executive officers in rewarding such officers for their individual contribution.

 

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

 

Exhibit

No.

  

Description

99.1    Press Release dated January 5, 2010.

 

1


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.

Dated: January 5, 2010

 

SYNNEX CORPORATION
By:  

/S/    SIMON Y. LEUNG        

  Simon Y. Leung
  Senior Vice President, General Counsel and
  Corporate Secretary

 

2


EXHIBIT INDEX

 

Exhibit
No.

  

Description

99.1    Press Release dated January 5, 2010.

 

3