Exhibit 10.1
![]() |
TTM Technologies, Inc.
| |||
200 E. Sandpointe Ave, Suite #400 Santa Ana, CA 92707 |
August 14, 2025
Edwin Roks
[***]
Dear Edwin:
We are pleased to present you an offer of employment at TTM Technologies at our Santa Ana (HQ) location. We believe your skills, experience, and knowledge will be an asset to our company and we look forward to a rewarding employment relationship. Please note, this offer is contingent upon your successful completion of a pre-employment background check, drug screening, proof that your status in the United States complies with ITAR regulations as they apply to TTM, and execution of certain company agreements related to confidentiality and the protection of TTM assets.
The following summarizes the key terms of this offer:
Position
Start Date: | September 2, 2025 | |
Job Title: | President & Chief Executive Officer |
Compensation
Salary: | $1,000,000 USD annually |
Annual Incentive Plan: You will be eligible to participate in the TTM Incentive Plan (TIP). Your target bonus will be 125% of your eligible earnings and will be based on the completion of specific financial and performance objectives which will be shared separately. In accordance with plan rules, this will be pro-rated for 2025 based upon eligible wages earned in FY2025.
Restricted Stock Units (RSUs): For FY 2025, you will be granted RSUs with a target value of $1,275,000. The exact number of RSUs on the date of grant will be determined by dividing the target value by the 6-month trailing average closing stock price at the date of grant, which will occur on your start date. RSUs are subject to the standard vesting schedule of three years.
Performance Share Units (PSU): For FY2025, you will be granted PSUs with a target value of $2,975,000. The exact number of PSUs on the date of grant will be determined by dividing the target value by the 6-month trailing average closing stock price at the date of grant, which will occur on your start date.
The TTM Treasury team will provide you with separate equity agreements for both RSU and PSU upon joining which outline targets and plan specifics.
Benefits
lf needed, TTM will extend the executive relocation policy and associated benefits. Inform Shawn Powers by December 31, 2025 of your intention.
You will be eligible to participate in benefits programs in accordance with the companys policies upon your start date, except as otherwise indicated.
Medical, Dental and Vision (benefits begin on the first of the month following your start date; you have 30 days from the date of eligibility to sign up.
Life insurance
Short and Long Term Disability
401(k) Savings Plan
Paid Time Off: 20 days (160 hours) annually, which accrues bi-weekly from your start date
For more information, please refer to the summary plan documents and company handbook which will be provided upon starting.
Withholding and Employment Taxes:
All of your compensation (in any form) shall be subject to all required withholding taxes, employment taxes and other deductions required by law.
At-Will Employment and Entire Agreement:
Your employment is at-will and for no specified period, and either you or the Company may terminate this employment relationship at any time and for any reason. This provision can only be changed or revoked in a formal written contract signed by the Chairman of the TTM Board of Directors and cannot be changed by any expressed or implied agreement based on statements or actions. This offer, including any attachments, contains our complete, final, and exclusive agreement relating to the terms and conditions of your employment, and supersedes all prior or contemporaneous oral or written agreements, representations, or discussions. As an executive, you will be subject to the TTM clawback policy and Share Ownership Guidelines. The Company reserves the right to change elements and the structure of its compensation and benefit plans and employment policies to better align with business needs.
We look forward to having you join the TTM team. lf this offer meets with your approval, please indicate your acceptance by signing below and returning an executed original to me at your earliest convenience, but no later than August 14, 2025.
Sincerely |
/s/ Rex Geveden |
Rex Geveden |
Chairman, TTM Technologies |
cc: Shawn Powers, CHRO, [***]
Acceptance:
I accept TTM Technologies offer of employment under the terms outlined in this letter.
/s/ Edwin Roks |
August 14, 2025 | |||
Edwin Roks | Date |