Fri, Sep 6, 7:41 PM (114 days ago)
SigmaTron International, Inc. filed Amendment No. 1 to its Form 10-K for the fiscal year ending April 30, 2024, to include previously omitted information regarding executive officers, compensation, and corporate governance. The amendment does not alter financial statements or previously disclosed information but adds detail to Items 10-14 of Part III. Key financial highlights include a market value of $15,916,135 as of October 31, 2023, with 6,119,288 shares outstanding. The company reported a pre-tax loss for FY 2024, resulting in no bonuses for executives under the new Employee Bonus Plan. Executive compensation for the CEO was $356,486, while the President received $410,272, reflecting a focus on aligning employee objectives with shareholder value. The board maintains a majority of independent directors and has established committees for audit, compensation, and nominations, ensuring compliance with Nasdaq standards. The company emphasizes risk management, particularly in cybersecurity and financial oversight. Future outlook remains cautious due to market conditions, and the company continues to monitor risks associated with supply chain challenges and regulatory compliance.