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. | |
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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 | ||
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EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 | Press Release dated January 5, 2010. | |
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