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): March 1731, 2021 (March 1731, 2021)

SMTC CORPORATION

(Exact name of Registrant as Specified in Its Charter)

Delaware	000-31051	98-0197680
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7050 Woodbine Avenue Markham, Ontario,		CANADA L3R 4G8
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (905) 479-1810

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☒☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

SMTX

Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 25.~~02Results~~07. Submission of ~~Operations~~Matters ~~and~~to ~~Financial~~a ~~Condition.~~Vote of Security Holders.

On March 1731, 2021, SMTC Corporation (the “Company”) ~~issued~~held a ~~press~~Special ~~release~~Meeting ~~announcing~~of ~~its~~Stockholders ~~fourth~~of ~~quarter~~the ~~and~~Company ~~fiscal~~(the ~~year~~“Special ~~2020~~Meeting”) ~~financial~~in ~~results~~a virtual meeting format only, via the Internet, with no physical in-person meeting. As of February 11, 2021, the Company’s record date for the Special Meeting (the “~~Press~~Record ~~Release~~Date”)~~. A~~, ~~copy~~there were 28,513,810 shares of the ~~Press~~Company’s ~~Release~~common isstock ~~furnished~~outstanding, ~~hereto~~each asentitled ~~Exhibit~~to 99one vote per share.1 At the Special Meeting, 20,643,757.10 shares of the Company’s common stock outstanding and isentitled ~~incorporated~~to vote at the Special Meeting were represented via the virtual Special Meeting website or by ~~reference~~proxy, ~~herein~~constituting approximately 72. 40% of the outstanding shares entitled to vote and a quorum to conduct business at the Special Meeting.

The ~~information~~final ~~contained~~results ~~in this Item 2.02 and in the Press Release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed “filed”~~ for ~~purposes~~each of ~~Section 18 of~~ the ~~Securities~~proposals ~~Exchange~~submitted ~~Act of 1934, as amended, or otherwise subject~~ to ~~the~~a ~~liabilities~~vote of ~~that~~stockholders ~~Section~~at ~~or Sections 11 and 12(a)(2) of~~ the ~~Securities~~Special ~~Act of 1933~~Meeting, as ~~amended. The~~certified ~~information contained in this Item 2.02 and in the Press Release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be incorporated~~ by ~~reference into any filing with~~ the ~~Securities~~inspector ~~and~~of ~~Exchange Committee made by the Company whether made before or after the date hereof~~elections, ~~regardless~~are ofset ~~any~~forth ~~general incorporation language in such filing.~~ below:

~~Additional~~Proposal ~~Information~~1: ~~and~~To ~~Where~~adopt tothe ~~Find~~merger ~~It:~~agreement.

This communication relates to the proposed merger involving the Company. In connection with the proposed merger, the Company filed a definitive proxy statement and other documents related to the proposed merger, including a form of proxy, with the Securities and Exchange Commission (the “SEC”) on February 18, 2021, and will file or furnish other relevant materials with the SEC. The definitive proxy statement and a form of proxy were first mailed or otherwise furnished to the stockholders of the Company on February 18, 2021. BEFORE MAKING ANY VOTING DECISION, THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT, IF ANY, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER AND THE PARTIES TO THE PROPOSED MERGER. This communication is not a substitute for the proxy statement or any other document that may be filed by the Company with the SEC. Investors and stockholders are able to obtain the documents free of charge at the SEC’s website, http://www.sec.gov, and the Company’s website, www.smtc.com. In addition, the documents may be obtained free of charge by directing a request by mail or telephone to: SMTC Corporation, 425 North Drive Melbourne, FL 32934, Attention: Secretary, (905) 479-1810.

For		Against		Abstain
19,985,626.10		567,230		90,901

~~Participants~~Proposal in2: To approve the ~~Solicitation~~adjournment of the Special Meeting to a later date or dates if necessary to solicit additional proxies if there are insufficient votes to adopt the merger agreement at the time of the Special Meeting.

The Company, H.I.G. Capital, LLC (“H.I.G.”) and certain of their respective directors, executive officers, certain other members of management and employees of the Company and H.I.G. and agents retained by the Company may be deemed to be participants in the solicitation of proxies from stockholders of the Company in favor of the proposed merger. Information about directors and executive officers of the Company and their beneficial ownership of the Company’s common stock is set forth in the Company’s definitive proxy statement on Schedule 14A for its 2020 annual meeting of stockholders, as filed with the SEC on June 26, 2020. Certain directors, executive officers, other members of management and employees of the Company may have direct or indirect interests in the proposed merger due to securities holdings, vesting of equity awards, rights to severance payments or the purchase of equity in EMS Silver Topco Inc. Additional information regarding the direct and indirect interests of these individuals and other persons who may be deemed to be participants in the solicitation is included in the proxy statement with respect to the proposed merger the Company filed with the SEC and furnished to the Company’s stockholders.

For		Against		Abstain
19,928,074.10		700,941		14,742

~~Forward~~Proposal 3: To approve, on a non-~~Looking~~binding, ~~Statements~~advisory basis, certain compensation that will or may become payable to the Company’s named executive officers in connection with the merger.

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, including statements regarding the proposed merger and the ability to consummate the proposed merger. Forward-looking statements are indicated by words or phrases such as “guidance,” “believes,” “expects,” “intends,” “forecasts,” “can,” “could,” “may,” “anticipates,” “estimates,” “plans,” “projects,” “seeks,” “should,” “targets,” “will,” “would,” “outlook,” “continuing,” “ongoing,” and similar words or phrases and the negative of such words and phrases. Forward-looking statements are based on the Company’s current plans and expectations and involve risks and uncertainties which are, in many instances, beyond the Company’s control, and which could cause actual results to differ materially from those included in or contemplated or implied by the forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (1) the Company may be unable to obtain stockholder approval as required for the proposed merger; (2) the conditions to the closing of the proposed merger and required regulatory approvals may not be obtained; (3) the proposed merger may involve unexpected costs, liabilities or delays, including the payment of a termination fee to EMS Silver Inc. (“Parent”) by the Company; (4) the business of the Company may suffer as a result of uncertainty surrounding the proposed merger; (5) the effect of the announcement or pendency of the proposed merger on the Company’s business relationships, including with customers and suppliers; (6) the outcome of any legal proceedings related to the proposed merger; (7) the Company may be adversely affected by other economic, business, legislative, regulatory and/or competitive factors, including, but not limited to, future response to, and effects of, the COVID-19 pandemic, including the Company’s continued operations, customer demand, supply chain availability and implementation of protective measures and public policy response to the COVID-19 pandemic, including legislation or restrictions, and access to additional funding under and

For		Against		Abstain
18,016,843.07		1,317,927.04		1,308,987

1No other proposals were submitted for stockholder action.

~~compliance~~Each ~~with its credit facilities; (8) the occurrence~~ of ~~any event, change or other circumstance that could give rise to~~ the ~~termination~~proposals ofwas ~~the~~approved ~~merger~~by ~~agreement; (9)~~ the ~~attention~~requisite ofvote ~~the Company’s management and employees may be diverted from ongoing business concerns as a result~~ of the ~~proposed merger; (10) limitations placed on the~~ Company’s ~~ability~~common tostock.] ~~operate~~Adjournment ~~its business under the proposed merger agreement; (11) risks that the proposed merger disrupts current plans and operations and the potential difficulties in employee retention as a result~~ of the ~~proposed~~Special ~~merger;~~Meeting ~~(12) the~~was ~~fact~~not ~~that~~necessary ~~under~~because ~~the~~there ~~terms~~were ofsufficient ~~the~~votes ~~merger~~at ~~agreement,~~ the ~~Company~~time ~~is restricted from soliciting other acquisition proposals after the date~~ of the ~~merger~~Special ~~agreement;~~Meeting ~~(13) the failure by Parent or EMS Silver Merger Sub Inc.~~ to ~~obtain~~approve the ~~necessary~~proposal ~~debt and equity financing arrangements set forth in the commitment letters received in connection with the proposed merger; and (14) other risks~~ to ~~consummation~~adopt of the ~~proposed~~ merger, including the risk that the proposed merger will not be completed within the expected time period or at all, which may adversely affect the Company’s business and the price of the Company’s common stockagreement.

The ~~foregoing~~consummation ~~review~~ of ~~important~~the ~~factors~~merger ~~that~~remains ~~could~~subject ~~cause actual results~~ to ~~differ~~the ~~from~~satisfaction ~~expectations~~or ~~should~~waiver ~~not~~of becertain ~~construed~~closing asconditions ~~exhaustive~~set ~~and~~forth ~~should be read~~ in ~~conjunction with~~ the ~~information~~merger ~~contained~~agreement inadopted by the Company’s ~~SEC~~stockholders ~~filings,~~and ~~including,~~is ~~but~~expected ~~not limited~~ to, ~~the~~close ~~risk factors included in~~ the ~~Company’s~~week ~~filings~~of ~~with~~April ~~the SEC~~5, ~~including the Company’s Annual Report on Form 10-K for the fiscal year ended January 3,~~ 2021. ~~No assurance can be given that these are all of the factors that could cause actual results to vary materially from the forward-looking statements.~~

~~Except~~Item ~~as required by applicable law, the Company does not intend, and assumes no obligation, to update any forward-looking statements~~7.01. ~~The~~Regulation ~~Company’s~~FD ~~stockholders are advised, however, to consult any future disclosures the Company makes on related subjects as may be detailed in the Company’s other filings made from time to time with the SEC~~Disclosure.

~~Item~~On ~~9.01Financial~~March ~~Statements~~31, ~~and~~2021, ~~Exhibits~~the Company issued a press release announcing the results of the Special Meeting. A copy of the press release is furnished hereto as Exhibit 99.1.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
Exhibit No.		Description
99.1		Press Release, dated March 1731, 2021*.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

*File herewith.1

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 hereunto duly authorized.

	SMTC CORPORATION
Date: March 17, 2021	By:	/s/ Edward Smith
Date: March 31, 2021	By:	/s/ Edward Smith
		Edward Smith
		President and Chief Executive Officer

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