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) March 9, 2007
SOLECTRON CORPORATION
(Exact name of registrant as specified in charter)
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| Delaware
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1-11098
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94-2447045 |
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(State or other jurisdiction(
of incorporation)
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Commission
File Number)
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(IRS Employer
Identification No.) |
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| 847 Gibraltar Drive, Milpitas, California
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95035 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: (408) 957-8500
(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 obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)). |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)). |
SECTION 1 — Registrant’s Business and Operations
ITEM 1.01 Entry into a Material Definitive Agreement
On March 9, 2007, Solectron Corporation and certain of its subsidiaries (“Solectron”) entered into
Manufacturing and Product Purchase Agreements (the “Agreements”) with Cisco Systems, Inc. and
certain of its subsidiaries (“Cisco”). The Agreements supercede and replace all prior
manufacturing services agreements between Solectron and Cisco. The Agreements encompass Cisco’s
previously announced Lean manufacturing initiative, a supply chain process that seeks to drive
efficiency and flexibility in manufacturing processes and in the broader supply chain, whereby
Solectron will assume greater supply chain management responsibilities on behalf of Cisco.
Under the Agreements, Solectron will sell products and components to Cisco or to approved suppliers
or third parties. The Agreements have an initial term of five (5) years, with the right of either
party to terminate for convenience.
Pursuant to the Agreements and the implementation of Cisco’s Lean manufacturing initiative, on
March 9, 2007, Solectron and Cisco also entered into Inventory Purchase and Transfer Agreements
(“IPAs”) whereby Solectron will acquire and hold title to certain inventory currently owned by
Cisco.
The foregoing summary of the Agreements and the IPAs is qualified in its entirety by the text of
the form of Agreement and form of IPA which will each be filed as exhibits to Solectron’s quarterly
report on Form 10-Q for the period ended June 1, 2007.