TTM TECHNOLOGIES INC
For the period ended May 8, 2025. Filed Mar 13, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 8, 2025 · Filed Mar 13, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant☒
Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒ | Definitive Proxy Statement |
| ☐ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required |
|---|---|
| ☐ | Fee paid previously with preliminary materials |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
Proxy Statement Summary
This summary highlights information generally contained elsewhere in this proxy statement. This summary does not contain all of the information that you should consider, and you should read the entire proxy statement carefully before voting your shares. For more complete information regarding the Company’s 2024 performance, please review the Company’s Annual Report on Form 10-K for the fiscal year ended December 30, 2024, which we refer to in this proxy statement as the 2024 Form 10-K.
Annual Meeting Information
| Date & Time | Location | Record Date |
|---|---|---|
| Thursday, May 8, 2025 | The URL address is: | Record holders as of |
| 8:30 a.m. Pacific Time | https://web.lumiconnect.com/208900745 Password: ttm2025 | March 12, 2025 are entitled to Notice of, and to vote at, the Annual Meeting |
Summary of Matters to be Voted Upon at the Annual Meeting
| Proposal No. | Description ofProposals | Required Votefor Approval | TTM Board’s Recommendation |
| 1 | To elect Wajid Ali, Thomas T. Edman and Chantel E. Lenard to serve as class I directorsFor more information, see page 5 | For each director, a majority of the votes cast with respect to such director by the shares represented and entitled to vote therefor. | FOR✓Each Nominee |
| 2 | To approve on an advisory, non binding basis, the compensation of the Company's named executive officers | Majority of shares present in person or represented by proxy and entitled to vote on the proposal | FOR✓ |
| 3 | To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm | Majority of shares present in person or represented by proxy and entitled to vote on the proposal | FOR✓ |
| TTM TECHNOLOGIES, INC. | i |
|---|
About TTM
TTM Technologies, Inc. (“TTM”) is a leading global manufacturer of technology solutions, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (“PCBs"). TTM stands for time-to-market, representing how TTM’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. We strive to provide customers with market leading, differentiated solutions and an extraordinary customer experience. We are a leading competitor in the PCB industry, with significant market presence in each of our end market segments. TTM also designs and develops engineered systems, RF components and sub-assemblies using our own engineering talent and intellectual property.
TTM generated approximately $2.4B revenue in fiscal year 2024. We currently operate a total of 23 specialized manufacturing facilities in North America and Asia. TTM continues to focus on growing faster than the industry as a whole in those submarkets that are strategic to TTM’s business model. TTM has established a global, customer-focused organization within each business unit chartered to become experts in their markets, strengthen existing customer relationships and develop new customers in growing areas of each market.
TTM has operational and engineering teams that have helped deliver solid financial results and have established a focus on developing leading edge technology positions, integrated supply chain management and burgeoning best practice sharing which form the foundation for future margin improvement.
Our Vision
Inspire innovation as a global preeminent technology solutions company.
Our Mission
Provide customers with market leading, differentiated solutions and an extraordinary customer experience.
Our Strategy
TTM’s intention is to be opportunistic and to align with strategic customers in an industry projecting moderate growth and increasing competition. Our strategy is to provide value primarily through intense focus in four areas:
| Investment | •Enhance TTM’s overall value proposition to our customers with disciplined investment in differentiated capabilities and business processes |
|---|---|
| Performance | •Lead our industry in customer experience, operational and engineering excellence and financial performance |
| Appeal | •Improve and communicate the elements that make TTM a desirable employer; attract, retain and develop outstanding talent |
| Values | •Integrity, Teamwork, Clear Communication, Performance Excellence |
The foundation of TTM’s strategic vision is its corporate culture and our values which emphasize integrity, teamwork, clear communication, and performance excellence. We encourage our employees to always do the right thing and we demonstrate the importance we place on these values by, among other things, providing ethics training to our employees every year.
| TTM TECHNOLOGIES, INC. | ii |
|---|
200 East Sandpointe, Suite 400
Santa Ana, CA 92707
NOTICE OF 2025 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 8, 2025
The 2025 annual meeting of stockholders of TTM Technologies, Inc. will be held at 8:30 a.m., Pacific Time, via video conference accessed through the URL address https://web.lumiconnect.com/208900745:
to elect three class I directors, consisting of Wajid Ali, Thomas T. Edman and Chantel E. Lenard, to serve a term expiring in 2028;
to hold an advisory, non-binding vote, on the compensation of our named executive officers;
to ratify the appointment of KPMG LLP as our independent registered public accounting firm for TTM Technologies, Inc. for the fiscal year ending December 29, 2025; and
to consider any other matters that properly come before the meeting and any postponement or adjournment thereof.
We are pleased to take advantage of the Securities and Exchange Commission (the “SEC”) rule allowing companies to furnish proxy materials to their stockholders over the Internet. We believe that this e-proxy process expedites stockholders’ receipt of proxy materials, saves us the cost of printing and mailing these materials, and reduces the environmental impact of our annual meeting by conserving natural resources.
Stockholders of record as of the close of business on March 12, 2025 are entitled to notice of, and to vote at, the annual meeting and any postponement or adjournment thereof. Whether or not you expect to participate in our annual meeting, please vote your shares via the Internet by following the instructions in this proxy statement. If you received a paper copy of this proxy statement you may also vote by signing, dating, and returning the enclosed proxy card in the enclosed pre-addressed envelope. No postage is required if mailed in the United States.
| By Order of the Board of Directors | |
| Santa Ana, California | |
|---|---|
| March 13, 2025 | Daniel J. Weber, Secretary |
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR
THE STOCKHOLDER MEETING TO BE HELD ON MAY 8, 2025
The proxy statement and annual report to stockholders and the means to vote via the Internet are available at https://investors.ttm.com/news-events/annual-stockholders-meeting. Your Vote is Important— Please vote as promptly as possible by using the Internet or by signing, dating, and returning the proxy card if you received a paper copy of this proxy statement.
All stockholders are invited to attend the annual meeting. Stockholders who vote their proxy online or by executing a proxy card may nevertheless attend the meeting, revoke their proxy, and vote their shares at the meeting.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.