SigmaTron International Turns a New Leaf in Nasdaq Compliance

Major Compliance Milestone for SigmaTron International

In a significant update from SigmaTron International, Inc. (NASDAQ: SGMA), the electronic manufacturing services company has successfully regained compliance with Nasdaq's Listing Rule 5250(c)(1). This achievement follows the company's timely submission of its Form 10-K to the Securities and Exchange Commission (SEC), marking an important step in their operational progress.

Details of the Compliance Achievement

The confirmation of compliance was received on September 10, 2024, from the Listing Qualifications Department of Nasdaq, considered a milestone for SigmaTron. This was achieved after the company filed its annual Form 10-K for the year ended April 30, 2024, on September 3, 2024, with a subsequent amendment made on September 6, 2024.

Background of Compliance Issues

Earlier, on August 16, 2024, SigmaTron was notified by Nasdaq about its non-compliance status stemming from a delay in submitting necessary documents. This restored compliance underscores SigmaTron’s commitment to meeting regulatory standards and its dedication to transparent reporting.

Understanding SigmaTron International, Inc.

SigmaTron International, Inc. serves as a leading independent provider in the electronic manufacturing services landscape. With its headquarters located in Elk Grove Village, Illinois, the company operates multiple manufacturing sites across key locations such as Acuna in Mexico, Suzhou in China, and Biên Hòa City in Vietnam.

Scope of Services Offered

The company specializes in various facets of manufacturing, which include printed circuit board assemblies, electro-mechanical subassemblies, and fully assembled electronics, often referred to as box builds. Not just limited to manufacturing, SigmaTron also engages in design services, further enhancing its service offerings to clients.

Global Reach and Facilities

Boasting a diverse operational base, SigmaTron International operates manufacturing facilities in multiple countries, demonstrating its capabilities on a global scale. Among these are facilities in Union City, California, and a dedicated International Procurement Office in Taipei, Taiwan, all working harmoniously to fulfill client needs.

Commitment to Sustainability and Compliance

As part of its operational ethos, SigmaTron places an emphasis on compliance and sustainability. The establishment of a Compliance and Sustainability Center speaks volumes about its dedication to both environmental stewardship and adherence to industry standards.

Future Prospects for SigmaTron International

With the recent compliance regained status, SigmaTron is well-positioned for continued growth and innovation in the electronic manufacturing sector. This development not only solidifies its current market standing but also enhances its credibility with investors and customers alike.

For More Information

For those interested in learning more about SigmaTron International, Inc. or its services, further inquiries can be directed to: SigmaTron International, Inc. at 1-800-700-9095, where James J. Reiman is available for assistance.

Frequently Asked Questions

What is the significance of SigmaTron regaining compliance with Nasdaq?

Regaining compliance is crucial as it reflects the company's commitment to transparency and adherence to regulatory requirements, essential for investor confidence.

What type of services does SigmaTron International provide?

SigmaTron specializes in electronic manufacturing services, including printed circuit board assemblies and fully assembled electronics.

Where are SigmaTron's manufacturing facilities located?

The company operates facilities in the US, Mexico, China, and Vietnam, showcasing its global manufacturing capabilities.

How does SigmaTron ensure compliance with industry standards?

With a dedicated Compliance and Sustainability Center in Taiwan, SigmaTron upholds best practices in compliance and corporate responsibility.

Who can I contact for further information about SigmaTron?

For further inquiries, you can contact SigmaTron International directly at 1-800-700-9095.

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