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 14, 2005
SMTC CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 0-31051 | 98-0197680 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
635 Hood Road
Markham, Ontario, Canada L3R 4N6
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (905) 479-1810
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):
| ¨ | 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 1.01. | Entry into a Material Definitive Agreement. |
On December 14, 2005, Don Simpson assumed the position of Senior Vice President Manufacturing and Engineering of SMTC Corporation (the “Company”). Under the terms of his employment, Mr. Simpson’s compensation consists of an annual base salary of Cdn$210,000, an annual incentive award, a long term incentive award and other fringe benefits and perquisites. In the event of termination other than for cause, Mr. Simpson will be entitled to the higher of (i) salary continuance for twelve months or (ii) salary continuance of one month for every year of service to a maximum of eighteen months after ten or more years of service. Attached as Exhibit 10.1 hereto is a summary sheet describing the terms of Mr. Simpson’s employment.
| Item 9.01. | Financial Statements and Exhibits. |
(d)
| Exhibit Number | Description | |
| 10.1 | Employment Summary Sheet dated as of December 14, 2005 for Don Simpson. | |
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.
| SMTC CORPORATION | ||||||||
| Date: April 13, 2006 | By: |
/s/ Jane Todd | ||||||
| Name: Jane Todd | ||||||||
| Title: Chief Financial Officer | ||||||||
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit | |
| 10.1 | Employment Summary Sheet dated as of December 14, 2005 for Don Simpson. | |