Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 2, 2021, the Board of Directors (the "Board") of Plexus Corp. (the
"Company") appointed Randy J. Martinez as a director, effective immediately. Mr.
Martinez is filling a vacancy on the Board created by the Board's decision to
increase the size of the Board to eleven directors pursuant to its power to do
so under the Company's Amended and Restated Bylaws, as amended.
Mr. Martinez, age 66, most recently served as the interim President and Chief
Executive officer of MTS Systems Corporation (NASDAQ), a leading global supplier
of advanced test systems, motion simulators and precision sensors, from May 2020
to June 2021, following the time of the company's acquisition in April 2021,
where he had previously served as an independent director since 2014. From 2009
to 2017, Mr. Martinez served in several leadership roles at AAR Corporation
(NYSE), a provider of aviation services to the worldwide commercial aviation and
aerospace & defense industries, including as President and CEO of the Airlift
Group and Group Vice President, Aviation Services. Before joining AAR, Mr.
Martinez was the CEO at World Air Holdings, Inc. (NASDAQ). As a graduate of the
United States Air Force Academy, Mr. Martinez served with distinction in the
U.S. Air Force for 21 years, retiring as a Colonel and Command Pilot and having
held a wide variety of leadership roles, including command and senior staff
positions. Mr. Martinez also serves as a member of the board of directors of
each of the National Defense Transportation Association, First Class Air
Holdings and Acorn Growth Companies.
Mr. Martinez will receive the same compensation as the other non-employee
directors of the Company. The Board will make committee assignment for Mr.
Martinez at a future Board meeting.
There are no arrangements or understandings between Mr. Martinez and any other
person pursuant to which he was selected to serve as a director, nor does he
have any familial relationship with any director or executive officer of the
Company. There are not any transactions or relationships in which Mr. Martinez
has an interest requiring disclosure under Item 404(a) of Regulation S-K.
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