8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 14, 2003

SOLECTRON CORPORATION

(Exact name of registrant as specified in charter)

Delaware	1-11098	94-2447045
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

777 Gibraltar Drive, Milpitas, California	95035
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (408) 957-8500

Not Applicable

(Former name or former address, if changed since last report.)

TABLE OF CONTENTS

	ITEM 5: Other Events.
	ITEM 7. Financial Statements and Exhibits
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1

ITEM 5:   Other Events.

     On July 14, 2003, Solectron Corporation issued a press release announcing that it had obtained amendments to the definitions of minimum tangible net worth covenants of the Company’s undrawn, $450 million credit facilities. As a result, the Company remains in compliance with all of its debt covenants.

     A copy of the press release is filed as Exhibit 99.1 and is incorporated herein by reference.

ITEM 7.   Financial Statements and Exhibits

     (c) Exhibits

     The exhibit listed below and in the accompanying Exhibit Index are filed as part of this Current Report on Form 8-K.

Exhibit No.	Exhibit Description
99.1	Press release dated July 14, 2003 relating to Solectron Corporation’s amended debt covenants.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: July 15, 2003	Solectron Corporation
	/s/ Kiran Patel
	Kiran Patel
	Executive Vice President and
	Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Exhibit Description
99.1	Press release dated July 14, 2003 relating to Solectron Corporation’s amended debt covenants.

EX-99.1 3 f91479exv99w1.htm EXHIBIT 99.1

Exhibit 99.1

Solectron in Compliance With Debt Covenants

- Company obtains amendments to covenant definitions effective May 30 -

For Immediate Release: July 14, 2003

MILPITAS, Calif. — Solectron Corporation (NYSE: SLR), a leading provider of electronics manufacturing and supply-chain services, said it has obtained amendments to the definitions of minimum tangible net worth covenants of the company’s undrawn, $450 million credit facilities. As a result, the company remains in compliance with all of its debt covenants.

The amendments were obtained July 9 and are effective retroactively to May 30, 2003.

In its June 19 earnings release, Solectron said it was seeking the amendments as a result of non-cash charges recorded in the company’s fiscal third quarter, which ended in May.

Information about the amendments was contained in Solectron’s Form 10-Q report filed Friday with the Securities and Exchange Commission.

About Solectron
Solectron (www.solectron.com) provides a full range of global manufacturing and supply-chain management services to the world’s premier high-tech electronics companies. Solectron’s offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. The company is based in Milpitas, Calif., and had sales of $12.3 billion in fiscal 2002.

###

Analyst Contacts:
Perry Hayes, Solectron Corporation, (408) 956-7543 (U.S.), perryhayes@ca.slr.com
Tonya Chin, Solectron Corporation, (408) 956-6537 (U.S.), tonyachin@ca.slr.com

Media Contact:
Kevin Whalen, Solectron Corporation, (408) 956-6854 (U.S.), kevinwhalen@ca.slr.com

-----END PRIVACY-ENHANCED MESSAGE-----

EX-99.1

Solectron Corporation, Exhibit 99.1