Every material Form 8-K Fabrinet filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Fabrinet USA entered an amended and restated offer letter with President and COO Dr. Harpal Gill on December 19, 2024. The letter confirms his $1,100,000 base salary and sets out terms for a successor COO search and severance, which shareholders may want to note as a change in executive compensation and succession terms.
Base salary confirmed at $1,100,000; annual cash bonus opportunity of at least 95% of base salary
Gill must help recruit and train a successor COO, to start by the earlier of December 31, 2027, or six months after any notice period begins
Either party may end employment with one year's written notice; severance includes a lump sum and accelerated vesting of RSU awards, conditioned on a separation agreement and release
Fabrinet reported fiscal first-quarter 2025 results for the quarter ended September 27, 2024, with revenue of $804.2 million, up from $685.5 million a year earlier, and GAAP diluted earnings per share of $2.13, up from $1.78. The company also guided second-quarter revenue to $800 million to $820 million and GAAP diluted EPS to $2.20 to $2.28.
Revenue was $804.2 million, compared with $685.5 million in the prior-year quarter, and was above the company's guidance range.
GAAP net income was $77.4 million, compared with $65.1 million; GAAP diluted EPS was $2.13, compared with $1.78.
Non-GAAP diluted EPS was $2.39, compared with $2.00 a year earlier.
Second-quarter guidance for the quarter ending December 27, 2024: revenue of $800 million to $820 million and GAAP diluted EPS of $2.20 to $2.28.
Fabrinet reported fourth-quarter fiscal 2024 revenue of $753.3 million and GAAP diluted earnings per share of $2.22, both up from a year earlier and described by the company as above its guidance ranges. The board also raised its share repurchase authorization by up to $139.5 million, and the compensation committee set fiscal 2025 pay, including an 8.0% base salary increase for CEO Seamus Grady.
Q4 fiscal 2024 revenue was $753.3 million, up from $655.9 million; GAAP net income was $81.1 million, up from $60.8 million.
Fiscal 2024 revenue was $2.88 billion, up from $2.65 billion; GAAP diluted EPS was $8.10, up from $6.73.
The board authorized up to an additional $139.5 million in share repurchases, bringing the total authorization to $434.3 million with $200.0 million remaining.
First-quarter fiscal 2025 guidance: revenue of $760 million to $780 million and GAAP diluted EPS of $2.10 to $2.17.
Fabrinet's Board appointed Forbes I.J. Alexander as a Class III director on June 12, 2024, expanding the Board to eight members. He also joins the Audit Committee, and the filing says he will receive standard non-employee director compensation.
Appointed June 12, 2024 as a Class III director; term expires at the next annual shareholder meeting
Joins the Audit Committee of the Board
Former Jabil Inc. Chief Financial Officer from September 2004 to August 2018 and Executive Vice President from September 2018 to January 2020
Board expanded to eight members, per the June 14, 2024 press release
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Fabrinet filing is on SEC EDGAR ↗. 8-K briefs of other companies →