SIGMATRON
INTERNATIONAL, INC.
ANNUAL REPORT 2021
ON THE COVER
When the global COVID-19 and supply chain disruptions
confronted all EMS in FY21, SigmaTron’s tenured leadership,
program managers and employees responded with
immediacy and determinism from the five countries where
we operate to service our customers' needs. For that we
thank our leadership and employees at all levels.
About the Company
For a quarter century, SigmaTron International, Inc. (SII) continues as an Electronic Manufacturing
Services (EMS) provider of printed circuit board assemblies and completely assembled
box-build electronic products to customers in three diverse end-user markets: Industrial,
Consumer and Medical/Life Sciences. We offer differentiated services through a global
network of seven manufacturing facilities in the United States, Mexico, China and Vietnam,
with a companywide International Procurement Office (IPO) in Taiwan. The Company
provides superior EMS value from engineering and design services to component sourcing
manufacturing, test and fulfillment.
SIGMATRON'S
DIVERSE END-USER
MARKETS
Providing manufacturing options to diverse markets is our reality today and for
the future. Whether new or established, our customers represent industry
sectors that are crucial in today’s global EMS and design services markets
valued at $417 billion and growing. Below is the percentage of SII’s net sales
to the principal end-user customer markets served in FY21.
54.0%
40.8%
5.2%
INDUSTRIAL
Welding equipment, gaming,
controls, smart grid,
IOT connectivity.
CONSUMER
Automotive-vision systems,
appliances/white goods,
E-writers.
MEDICAL/LIFE SCIENCES
Dental equipment, dialysis,
operating tables, battery packs,
sterilizers.
To Our Stockholders,
In fiscal year 2021, SigmaTron International, Inc. (SII)
powered forward through COVID-19-related turbulence
to start the year, an array of geopolitical and industrywide
uncertainties, and significant one-time expenses, to
proudly deliver a profitable year. In these historic times,
the pandemic pressure-tested SII and we delivered on
our promises, reaffirming our continued support to our
customers and commitment to all stakeholders.
FY21 FINANCIAL RESULTS
In FY21, while SII revenues decreased to $278 million
from $281 million in the prior fiscal year, net income
increased to $1.5 million in FY21 compared with $443,000
in FY20. Basic and diluted earnings per share (EPS) for
the fiscal year were $0.36 each, compared to EPS of $0.10
each in FY20. These year-end results followed a disastrous
Q1, and built upon emergent positive trends in Q2 that
accelerated in our Q3 and remained strong for the
balance of FY21. Net/net, SII’s Q4 remains one of our
strongest in recent history.
Specific to FY21, the Company incurred several one-time
expenses relating to COVID-19 to satisfy global
mandates for a safe working environment which may
continue in FY22. Also, in Q3 SII recorded expenses to
change banks. Our new bank, JPMorgan Chase, best
leverages our core merits for future opportunities and
optimizes support as we pursue the Wagz, Inc. acquisition.
Further, the Company incurred expenses in conjunction
with the prospective Wagz transaction.
SII MOVES PAST COVID-19 IN YEAR TWO
The persistence of COVID-19 in FY21 created countless
economic and operational challenges for SII and all EMS,
with ripple effects among our employees, customers
and supplier networks. Yet even as some fallouts lingered,
our decades-experienced teams, talent and business
model kept SII well positioned. Ahead, we expect to
capitalize on FY21 opportunities in play, while effectively
managing a backlog unprecedented in the Company’s
history. SII continued essential business status this year
at all locations and remained compliant with mandates
and wellness programs in the five countries where we
operate. Concurrently, vaccine rollouts begun in our
Q3, proved key to the rapid ramping up of SII’s program
backlog, yet the pandemic lingers in many countries with
long-term aftermaths unknown. As demand spikes may
continue, SII’s robust program lineup remains good for
business, provided that supply-side raw materials and
components continue to flow. We plan to adapt our plans
to not only survive, but thrive in FY22 amid COVID-19's
“new normal.”
HISTORIC EVENTS DRIVE CHALLENGE
AND OPPORTUNITY
In parallel with the pandemic, historic supply chain
disruptions were faced by SII and all EMS and exacerbated
prior years’ imbalances of supply and demand. SII
responded with immediacy and determination vis-à-vis
our decades-honed International Procurement Office
(IPO), Information Technology (IT) efficiencies, disciplined
costs, and agile manufacturing philosophy. It bears
repeating that we logged a profitable year and, for
this proud benchmark, we thank our leadership and
employees at all levels.
SII will remain vigilant to limit any potential negative
effects on its profitability, including inflation and labor
shortages. While guardedly optimistic, we expect these
situations to remain fluid and at times volatile, with
mixed implications for our customers and markets in
the year ahead.
For over three decades
as a private and public
company, SII has built a
reputation on customer
satisfaction. Our work
focuses on proprietary
global tools and systems,
unique for a company
our size.
FY21 SIGMATRON INTERNATIONAL | 1
In FY21, SII continued
support to customers
with our decades-honed
International Procure-
ment and Supply Chain
teams, Information
Technology efficiencies,
disciplined costs, and
agile manufacturing
philosophy.
SII’S DIFFERENTIATED GLOBAL
SERVICES RISE IN VALUE DURING
A YEAR OF CHALLENGE
For over three decades as a private and public company,
SII has built a reputation on customer satisfaction
focused on our proprietary global tools and systems,
and unique for a company our size. Key among these:
our IT systems and IPO; Lean and Six Sigma performance
philosophy; and formidable quality initiatives. As
before and especially in FY21, each proved of critical
benefit to customers in the markets we serve.
OUR SUPPLY CHAIN AND PURCHASING TEAMS
STEP UP IN A YEAR OF INDUSTRY CHANGE
From hubs in the U.S. and Asia, SII’s trusted, longstanding
Supply Chain and Purchasing teams empower OEM
solutions systemwide. By way of our secure materials
database, SII kept our supply network focused on ever
changing requirements and industrywide shortages.
Throughout FY21, our teams mitigated wide swings
in materials availability, price volatility, and historic
supply chain delays brought by at least six well-
publicized factors:
• COVID-19-Fueled Issues – During the pandemic,
reported demand spikes were intensified by low U.S.
interest rates and the flow of federal stimulus money.
• 5G’s Supply Chain Demands – Pre-pandemic,
global launches of 5G telecommunications,
alongside rapid development in Artificial Intelligence,
drove higher demand and prices for components
and materials.
• Automotive Market Dominance – The automotive
sector’s rapid recovery after COVID-19 and
government mandates for electric and driverless
technologies caused shortfalls that stress chip supply.
• Logistics Challenges – Off and on this year, supply
chain volatility was seen amid a confluence of factors:
extreme weather in key ports, cargo container
shortages, and cargo ships mired in the Panama
and Suez Canals.
Consequent to these myriad challenges, our customers
worked with SII to redress constraints and demand.
Our proprietary IT systems assisted in addressing these
through the following capabilities:
• Systems-Driven, IPO Visibility – SII mixes an
industry-standard ERP with a suite of supply chain
management tools to empower global PMs 24/7.
This nets increased visibility of program materials,
inventory, finished goods, and shipments.
• Personalized Support – Our system escalates a
real-time, comprehensive report to executive levels
that informs decisions and ensures continuous
supplies. We effectively address decommitments
that risk disrupting forecasts.
• MRP Efficiencies – In FY21, we expanded staff
who employ MRP data to manage steady increases
in procurement volumes. Goods in common
are flagged and shared, especially for SII’s North
American operations.
• Customized API Tools – Our teams offer
Application Programming Interface tools that
synthesize with suppliers’ databases to speed
materials and cost confirmation.
• Continued Trade Tensions – Ongoing U.S.-China
trade tensions, post-election, mirrored prior years’
ripple effects.
• Advanced Inventory Management – We offer
AIM tools that identify any ongoing supply
chain uncertainties.
• Microchip Shortages and Spikes – In FY21, a 13.2%
demand surge was reported globally for microchips
just as SII’s EMS programs rose. This was coupled
with post-M&A transitions among semiconductor
component providers.
2 | SIGMATRON INTERNATIONAL FY21
EMS LEADERSHIP TO LIQUID CONTROLS’ LCR.iQ®–
The Most Powerful Flow Meter
Ever Manufactured.
IDEX LIQUID CONTROLS (NYSE:IEX)
From its launch in 1954 with a
first fuel flowmeter sold to the
U.S. Air Force, Liquid Controls
(LC) an IDEX Energy Business, is
a world-renowned supplier of
reliable, high accuracy, positive
displacement metering systems
that serve wide-ranging industrial
customers worldwide.
In 2017, LC sought a technically
reliable, proven EMS integrator to
assemble what is proving to be the
company’s most important project
in over 20 years: LCR.iQ.® By 2018,
LC selected SigmaTron International
(SII) to fulfill LC’s highly specific,
turnkey EMS services required.
From its Elk Grove Village, Illinois,
operation and headquarters, SII
initiated engineering (design for
manufacturability) evaluation, supply
chain services and manufacturing
for these inherently complex
PCBA product builds. LC’s program
benefitted from SII’s specific quality
control systems in place for decades,
including in circuit and functional
tests that precede all deliveries.
Since these turnkey services do not
exist comprehensively at LC and
proved critical to right pricing and
final quality, this highly successful
collaboration promotes
speed-to-market while restoring
in parallel LC’s operational focus
on its core technologies.
In 2019, the manufactured product
earned International Forum’s
prestigious IF Design Award.
Developed by LC engineers from
the user's perspective with over
30 high tech features, LCR.iQ
is the next generation fueling
automation and data management
platform that revolutionizes fueling
systems' data management, safety,
and simplicity.
Photo: © 2021 Liquid Controls., LLC. Used with permission. All rights reserved.
SII supports several SKUs for
OM’s Tablo®, the first-of-its-kind
technology designed to simplify
dialysis treatment.
SII SUPPORTS OUTSET MEDICAL’S
MANUFACTURING OF TABLO®—a first-of-its-kind
hemodialysis system approved for use
from the hospital to the home.
OUTSET MEDICAL (Nasdaq: OM)
Based in San Jose, California, Outset
Medical is a medical/life sciences
pioneer of the first-of-its-kind
technology, the Tablo® Hemodialysis
System. Specifically designed to
simplify dialysis treatment for
patients and providers, Tablo is an
all-in-one dialysis machine that
combines consumer product
simplicity, wireless connectivity
and real-time integrated water
purification in one, compact
35-inch unit.
SigmaTron (SII) and Outset began
collaborating in Q1 FY20 and are
launching electro-mechanical
assembly into production. In
selecting SII, OM cites the
company’s varied manufacturing
regions, “global options,” that
reduce costs while delivering
program flexibility. Throughout
FY21’s global pandemic and even
through the holidays, the SII
teams worked tirelessly, and as
an extension of the OM team, to
effectively drive production.
The net/net result: SII’s Tijuana,
Mexico, facility served a medium
volume, high mix program in
a compressed timeframe.
Personalized service and
accountability are among the many
hallmarks cited for EMS program
success, including weekly, intra-team
meetings to review program goals
and measure progress.
For OM’s Tablo, the U.S. Department
of Health and Human Services
and the American Society of
Nephrology recently named it one
of seven winners in the KidneyX
COVID-19 Kidney Care Challenge
which recognizes innovative and safe
kidney care solutions of benefit
during the pandemic.
Photos: © 2021 Outset Medical. Used with permission. All rights reserved.
FY20 SIGMATRON INTERNATIONAL | 3
OUR SUSTAINABILITY AND COMPLIANCE
CENTER’S (SCC) CUSTOMER-VALUED REPORTING
In FY21, our customers’ needs for sustainability and
governmental compliance data increased, and our SCC’s
role was valued all-the-more. Our SCC specialists
continued to align quality certifications with customers’
social and regulatory reporting—one major factor
in on-time product launch. Central to success, our
SCC gathers supplier data, and tracks and reports on
ever-expanding compliance directives: CA Prop 65,
Confl ct Minerals, EU Waste Framework, International
Materials Data System, REACH and RoHS2.
SII’S IT SYSTEMS DRIVE VALUE
This fiscal year, SII Information Technology (IT) systems
made deliberate advancements that further shape
our Six Sigma processes, increase production visibility
and synchronize collaborative program management
systemwide. From hubs in Elk Grove Village, Illinois,
and Taichung City, Taiwan, SII IT continued to drive 24/7
visibility and competitive differentiation. Our prescriptive
guidance lends high technology efficiency to each
customer program and market. SII IT’s advancements
in FY21 include:
• Augmented MES Phase III – SII IT advanced its
proprietary manufacturing execution system across
our global facilities balancing unique customer
demands with system standardization and traceability.
• Implemented Tango Phase III – We completed the
global rollout of this system with a majority of locations
fully transitioned, creating continuity for the employee
and customer experience across divisions.
• Expanded Poka Yoke – For this Lean and Six-Sigma’s
error-proofing tool, IT independently tailored and
expanded these systems ahead of needs to deliver
a competitive cost advantage.
Looking ahead to FY22, IT plans to launch other software,
system integration and security technologies that
meet or exceed employees’ and customers’ needs.
These upgrades include expanded Tango features,
enhanced EDI, strides toward paperless, and added
increased cyber security defenses and training to
minimize threats.
FY21 DIVISIONAL PROGRESS –
ONE SOURCE. GLOBAL OPTIONS.®
SIGMATRON UNITED STATES
SII offers customers world-class design, prototyping and
manufacturing services from three locations in the U.S.—
two manufacturing operations in Elk Grove Village,
Illinois (EGV), and our West Coast operations in
Union City, California (UC), plus our Design Services
Center (DSC) in Elgin, Illinois.
Our EGV and UC manufacturing sites continued to target
high-level PCBA and box-builds, further broadening
the depth of SII’s EMS portfolio during this fiscal year.
In spite of supply chain uncertainties faced by all EMS,
each U.S. operation significantly grew key programs
across markets, especially in the industrial sector. We
maintained all quality certifications while tailoring new
investments in FY21 that support technology and
training in advanced capabilities especially pertinent
to our robust program lineup slated for FY22.
This fiscal year, SII
continued to leverage
the Company’s core
strengths: high quality,
years of trusted
experience, reduced
costs, and stable, reliable
EMS production.
In FY21, our Elk Grove Village headquarters and
manufacturing site continued its long reputation for
manufacturing flexibility; scalability of PCBA from low- to
high-level assembly or box-builds. This year, EGV invested
in advanced manufacturing and test systems with
new flying probe and automated optical inspection
(AOI). In Q2, the facility innovated a virtual quality audit
tool to avert potential pandemic-related delays, passing
the EU-driven, ATEX/IECEx 80079:2018 global audit
standard, along with QUAN and QAR. These key IoT
certifications verify the safety required in potentially
explosive end-use environments.
FY21 SIGMATRON INTERNATIONAL | 5
Notwithstanding the pandemic, the Company lost no
EMS program during the fiscal year. This achievement
attests to the region’s proactive, innovative and
effective actions in response to COVID-19. Mexico
will monitor and continue funding of personal
protective equipment.
This year, our Mexico divisions took deliberate steps
to further advance process automation with Lean Six
Sigma leadership training and Phase III Tango MES.
The region invested in the latest SMT equipment,
In-Circuit Test (ICT) platforms, and inline, 3D AOI and
3D SPI, each valued by our customers and markets.
SII Mexico again experienced significant growth
from new and expanded customers with a lineup of
value-added programs expected to launch in FY22.
The region’s significant customer expansion was
catalyzed by a legacy of flexible service, controls
experience, and ease of efficiency while onboarding
new customers. EMS growth in FY21 includes three
new divisions of an existing industrial market leader;
a high-volume, consumer safety program and
consumer appliance wins, among many others.
In FY22, Mexico will continue to update the region’s
quality certification portfolio, including IATF 16989
automotive certification in a second location, and
remain in step with growing market demand.
In FY21, throughout
our global footprint of
seven manufacturing
sites in four countries,
SII targeted high-level
PCBAs and box-builds
that further broaden
the depth of our EMS
portfolio.
SIGMATRON ASIA
As the pandemic began in FY20, Suzhou, China, was
the first facility to shut down, master workplace
protocols and restart, sharing these valued lessons
to benefit other global divisions. Suzhou faced the
same uncertainty as all EMS, yet operated at full
capacity after the restart.
SII’s proprietary mix
of ERP and a suite
of supply chain
management systems
empower our global
Program Managers 24/7.
Customers gain high
visibility of materials,
inventory, finished
goods, and shipments.
This fiscal year, Union City again attracted customers
who seek comprehensive EMS, from quick-turn NPI
through volume production. West Coast customers
gain other advantages by the ease of transition of
production to any of SII’s neighboring, lower cost
regions. Also, UC completed its transition to Phase III
MES and upgraded one of its eight SMT lines. Overall,
these actions speed line changeovers and enhance
throughput and assembly capacity for a growing
number of large, complex PCBA programs that we
expect to continue in FY22.
For FY21, our Design Services Center (DSC) offers
OEMs a decades-long collaborative development model,
with goals for cost, and design for manufacturability
and test met at every stage of a product’s lifecycle.
Supporting each of our global manufacturing sites, SII
DSC’s core strength remains its depth and breadth of
industry experience. DSC’s systems, peer reviews, and
longevity in our industry speeds time to market, reduces
iterations and nets exemplary field performance for
even the most complex EMS programs. In FY21, our
DSC expanded support to several of the world’s largest
and most respected category leaders, including
consumer appliances, fluids management, welding,
pool and spa, and solar panel controls. And for SII Asia,
DSC proved key to multiple program wins this year.
SIGMATRON MEXICO
In FY21, our Acuña, Chihuahua and Tijuana, Mexico,
divisions offered nearly three decades of experience;
a strategic closeness to our U.S. manufacturing sites
and warehouses; skilled labor; and critically aligned
time zones and work schedules.
6 | SIGMATRON INTERNATIONAL FY21
SII's EMS is an integral element of
these and other SM products.
SOCKET MOBILE: Worldwide leader
in companion scanning.
SOCKET MOBILE (NASDAQ: SCKT)
From Newark, California, Socket
Mobile (SM) innovates a portfolio
of data capture and delivery
solutions that enhance productivity and
workforce mobility. SM’s portfolio
of barcode scanners pairs with
smartphones, laptops and tablets
benefiting diverse markets: retail
POS, asset tracking, manufacturing,
logistics, event ticketing (entry
and identifi ation), education
and medical.
SM chose SigmaTron’s (SII’s) EMS
to meet the company’s goals:
quality, on-time delivery, flexibility
and cost-effectiveness. In FY12,
SII began producing PCBA’s for one
of SM’s barcode scanner families.
Today, SII manufactures PCBA’s for
10 different SM product members.
These include SM’s latest devices
with barcode or RFID/Near Field
Communications, that connect over
Bluetooth to applications using
operating systems from Apple®
(iOS); Google™ (Android™) and
Microsoft® (Windows®.)
SII’s teams in nearby Union City,
California, provided NPI, prototypes
and DFM guidance prior to
transferring production to our
Tijuana, Mexico, facility. SII’s
assembled product is used in
SM’s colorful, handheld barcode
models, and the latest DuraScan®–
D760 1D/2D Scanner, built to
withstand tough environments.
The results of SII’s years-long
collaboration and close communication
with SM ultimately met high quality
standards that help fuel SM’s market
penetration and success, all while
enabling SII to further grow in this
highly specialized market. Looking
ahead, we expect to continue to
build on this relationship in FY22
and going forward.
Photos: © 2021 Socket Mobile, Inc. Used with permission. All rights reserved.
and fundamental strengths helped to capture
numerous new program wins, many that ascribe
to our goal for a better program mix.
Looking ahead with measured optimism, we have
analyzed demand catalysts in our diverse customer
base and are confident that with the right operating
disciplines, SII’s revenue outlook will remain strong in
FY22 and beyond. We will keep watchful and prepared
to tackle any new developments apropos to rapid
changes in the post-pandemic economy, persisting
supply chain constraints, and any residual volatility in
our customer markets.
As phased recovery continues in the five countries
where we operate, we expect market demand will
continue on a growth path; we already see this
evidenced by our remarkable backlog. When joined
holistically to SII’s pending outcome of the Wagz, Inc.
negotiations, we expect business opportunities in
the year ahead to trend strong.
These achievements and our continued investment in
the business aligns well with our commitment to deliver
stockholder value. Our agile manufacturing and supply
chain philosophies, cost efficiencies, and committed
workforce each served as force multipliers in FY21—
powering us forward against the odds, to net a
profitable year-end performance.
For that, I wish to thank all those who helped SII
navigate FY21—our customers, professional and supply
chain partners. SII is equally proud of our leadership
team, global employees, and our Board of Directors for
persevering amid unprecedented challenges to meet
the needs of fellow employees and customers alike.
Sincerely,
Gary R. Fairhead
President and Chief Executive Officer
SigmaTron International, Inc.
August 20, 2021
Ahead in FY22, we
plan to continue
to optimize IT and
process systems
that align with the
business needs
of our customers.
Amid industrywide supply chain challenges, customers
in Asia benefited by the region’s long held philosophy
to plan well ahead of needs. In FY21, China maintained
existing customers while targeting and winning a
number of noteworthy new programs, especially in
the industrial and consumer markets. With U.S.-China
trade tensions ongoing, Suzhou also plans to continue
its pursuit of Chinese domestic business—a step
that helps offset our reduction in export business.
This year, Suzhou invested in latest MES and PDCA
tools and analysis to enhance data collection, and AOI
and ICT test equipment to maintain high standards
for quality, automation and productivity.
SII in Biên Hòa City, Vietnam, drove value to customers
in FY21 by leveraging a number of core strengths:
high quality, years of trusted EMS experience, reduced
costs and stable, reliable production. For another
year, VN division invested in latest manufacturing, test
equipment, and IT systems and expanded programs
that range from industrial controls to latest generation,
high-tech appliances. Ahead in FY22, even as VN’s
economy continues to expand, we will remain vigilant
and respond to any emergent challenges, some that
align with ongoing U.S.-China trade tensions.
FY21 PROFITABILITY AND PROGRAM
LINEUP SEEDS MOMENTUM AND
TEMPERED OPTIMISM
Beginning in FY20 and continuing in FY21, SII
was pressure-tested in a challenging environment
best characterized by fortuitous world events affecting
all EMS. We remain proud that despite a global
economic shutdown just one year ago, SII’s strategy
8 | SIGMATRON INTERNATIONAL FY21
One Source. Global Options.®
For an EMS provider its size, SigmaTron provides an extraordinary global footprint. With globally
aligned locations in the U.S. and lower-cost manufacturing options in Asia and Mexico, our right
blend of talent and technology tackles the most complex OEM programs, yet is flexible enough
to partner closely with customers to meticulously drive programs from beginning to end. Our
rapid response provides single-source efficiency that relentlessly meets the market demands
of our increasingly sophisticated customers.
MEXICO
Manufacturing
SigmaTron International, Inc.
Mexico Operations
• Acuña Operations
• Chihuahua Operations
• Tijuana Operations
UNITED STATES
Manufacturing/Design
SigmaTron International, Inc.
Corporate Headquarters
Midwest Operations
Elk Grove Village, Illinois
West Coast Operations
Union City, California
Design Services Center
Elgin, Illinois
Warehouses
• Del Rio, Texas
• El Paso, Texas
• San Diego, California
ASIA
Manufacturing/
Value-Added Services
SigmaTron International, Inc.
China Operations
Suzhou, China
SigmaTron International, Inc.
Vietnam Operations
Biên Hòa City, Vietnam
International
Procurement Offic
SigmaTron International, Inc.
Taiwan Procurement Offic
Taipei City, Taiwan
Sustainability And Compliance Center
Taipei City, Taiwan
Information Technology Office
SigmaTron International, Inc.
U.S. Information Technology
Elk Grove Village, Illinois
SigmaTron International, Inc.
Asia Information Technology
Taichung City, Taiwan
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Firm: Ackerly Communications, LLC Copywriting/Art Direction: Mary Ackerly Design: Tatjana Jovancevic Proofreading: Deborah Livingstone Printer: Dreamworks GC, LLC
CORPORATE OFFICES
SigmaTron International, Inc.
SigmaTron International, Inc.
2201 Landmeier Road
2201 Landmeier Road
Elk Grove Village, IL 60007
Elk Grove Village, IL 60007
Tel Tel 847.956.8000
847.956.8000
847.956.9801
FaxFax 847.956.9801
INVESTOR RELATIONS
800.700.9095
800.700.9095
www.sigmatronintl.com
OFFICERS
Gary R. Fairhead*
Chairman of the Board, President and
Chairman of the Board, President and
Chief Executive Officer
Chief Executive Officer
Daniel P. Camp*
Vice President,
Vice President,
Acuña Operations
Acuña Operations
Linda K. Frauendorfer*
Chief Financial Officer, Vice President,
Chief Financial Officer, Vice President,
Finance, Treasurer and Secretary
Finance, Treasurer and Secretary
Rajesh B. Upadhyaya*
Executive Vice President,
Executive Vice President,
West Coast Operations
West Coast Operations
Gregory A. Fairhead*
Executive Vice President
Executive Vice President
and Assistant Secretary
and Assistant Secretary
John P. Sheehan*
Vice President, Director of Supply Chain
Vice President, Director of Supply Chain
and Assistant Secretary
and Assistant Secretary
Hom-Ming Chang*
Vice President, China Operations
Vice President, China Operations
Curtis W. Campbell
Vice President of Sales,
Vice President of Sales,
West Coast Operations
West Coast Operations
Yousef M. Heidari
Vice President, Engineering
Vice President, Engineering
In Memoriam
May 17, 2021
BOARD OF DIRECTORS
Gary R. Fairhead
Chairman of the Board,
Chairman of the Board,
President and Chief Executive Officer,
President and Chief Executive Officer,
SigmaTron International, Inc.
SigmaTron International, Inc.
Linda K. Frauendorfer
Chief Financial Officer, Vice President,
Chief Financial Officer, Vice President,
Finance, Treasurer and
Finance, Treasurer and
Secretary SigmaTron International, Inc.
Secretary SigmaTron International, Inc.
Thomas W. Rieck 1,3
Of Counsel, Rieck and Crotty, P.C.
Of Counsel, Rieck and Crotty, P.C.
CORPORATE INFORMATION
Dilip S. Vyas 2,3,4
Independent Consultant
Independent Consultant
Paul J. Plante 1,2
Director, Cardinal Vending
Director, Cardinal Vending
and Markets, LLC
and Markets, LLC
Bruce J. Mantia2
Retired Partner
Retired Partner
Ernst & Young LLP
Ernst & Young LLP
Barry R. Horek1,3
Retired Partner
Retired Partner
Ernst & Young LLP
Ernst & Young LLP
Dennis P. McNamara
Vice President, Engineering
Vice President, Engineering
James E. Barnes*
Executive Vice President of
Executive Vice President of
Operations and Global Accounts
Operations and Global Accounts
Thomas F. Rovtar
Vice President,
Vice President,
Information Technology
Information Technology
Keith D. Wheaton
Vice President,
Vice President,
Business Development
Business Development
West Coast Operations
West Coast Operations
*Executive Officers
*Executive Officers
Member of the Audit Committee
1 Member of the Audit Committee
Member of the Compensation Committee
2 Member of the Compensation Committee
Member of the Nominating Committee
3 Member of the Nominating Committee
Lead Director
4 Lead Director
SEC Counsel
Greenberg Traurig, LLP
Greenberg Traurig, LLP
77 West Wacker Drive
77 West Wacker Drive
Chicago, Illinois 60601
Chicago, Illinois 60601
Corporate Counsel
Howard & Howard
Howard & Howard
Attorneys PLLC
Attorneys PLLC
200 South Michigan Avenue
200 South Michigan Avenue
Chicago, Illinois 60604
Chicago, Illinois 60604
Independent
Public Accountants
BDBDOO USA, LLP
USA, LLP
330 North Wabash Avenue
330 North Wabash Avenue
Chicago, Illinois 60611
Chicago, Illinois 60611
Form 10-K
If you would like a free copy of
If you would like a free copy of
the Form 10-K report filed with
the Form 10-K report filed with
the Securities and Exchange
the Securities and Exchange
Commission, please call
Commission, please call
Linda K. Frauendorfer at the
Linda K. Frauendorfer at the
SigmaTron corporate office,
SigmaTron corporate office,
1.800.700.9095.
1.800.700.9095.
Stock Transfer Agent
and Registrar
American Stock Transfer &
American Stock Transfer &
Trust Company, LLC
Trust Company, LLC
6201 15th Avenue
6201 15th Avenue
Brooklyn, New York 11219
Brooklyn, New York 11219
Stock Information
The Company’s common stock
The Company’s common stock
has been trading on the Nasdaq
has been trading on the Nasdaq
System under the symbol SGMA
System under the symbol SGMA
since the Company’s initial
since the Company’s initial
public offering in February 1994.
public offering in February 1994.
The Company has 4 million
The Company has 4 million
shares of common stock
shares of common stock
outstanding.
outstanding.
The Company has not paid
The Company has not paid
cash dividends on its common
cash dividends on its common
stock since completing its
stock since completing its
February 1994 initial public
February 1994 initial public
offering and does not intend
offering and does not intend
to pay any dividends in the
to pay any dividends in the
foreseeable future.
foreseeable future.