SEC Contract Filing

Filing Date: 2024-08-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>fn-20240629x10kex109.htm
<DESCRIPTION>EX-10.9
<TEXT>
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<title>Document</title></head><body><div id="i1c4c91895ab3460287f7dab1511fe835_1"></div><div style="min-height:42.75pt;width:100%"><div style="margin-top:12pt;text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 10.9</font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div></div><div style="margin-bottom:12pt;margin-top:6pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:6pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">DESCRIPTION OF NON-EMPLOYEE DIRECTOR COMPENSATION ARRANGEMENTS</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Compensation Committee of Fabrinet&#8217;s Board of Directors (the &#8220;Board&#8221;) annually reviews director compensation with the assistance of its independent compensation consultant to ensure that it is appropriate and competitive in light of market circumstances and prevailing &#8220;best practices&#8221; for corporate governance. The compensation elements reflect the Board&#8217;s view that compensation to non-employee directors should consist of an appropriate mix of cash and equity awards. The annual non-employee director compensation arrangements described below have been effective since June 29, 2024. </font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.952%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:75.217%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#d9dce0;padding:2px 1pt 2px 3.9pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Pay Element</font></td><td colspan="3" style="background-color:#d9dce0;padding:0 1pt"></td><td colspan="3" style="background-color:#d9dce0;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Board Compensation for Non-Employee Directors</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.9pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Annual Retainer <br>(Cash)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt;margin-top:3pt;padding-left:147.6pt;text-indent:-147.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">All Board Members&#58;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">$85,000</font></div><div style="margin-bottom:1pt;margin-top:6pt;padding-left:147.6pt;text-indent:-147.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Board Chair*&#58;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">$200,000</font></div><div style="margin-bottom:1pt;margin-top:6pt;padding-left:147.6pt;text-indent:-147.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Lead Independent Director**&#58;&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">$45,000</font></div><div style="margin-bottom:1pt;margin-top:6pt;padding-right:9pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">*Applicable only if the Board Chair is a non-employee director. This retainer was approved by the Board in connection with Mr.&#160;Mitchell&#8217;s transition in June 2018 from executive chairman of the Board to non-employee Chairman of the Board in light of Mr.&#160;Mitchell&#8217;s ongoing significant involvement with Fabrinet and the valuable leadership and guidance he provides to Fabrinet.</font></div><div style="margin-bottom:1pt;margin-top:6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">**Applicable only if the Board Chair is not an independent director.</font></div></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.9pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Committee Member Retainer (Cash)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt;padding-left:147.6pt;text-indent:-147.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Audit Committee&#58;&#160;&#160;&#160;&#160; </font><font style="color:#000000;font-f