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 23, 2018 (July 17, 2018)  

SMTC CORPORATION
(Exact Name of Registrant as Specified in Charter)

Registrant's telephone number, including area code: (905) 479-1810

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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 1.01. Entry into a Material Definitive Agreement.

On July 17, 2018, effective as of July 16, 2018, and prior to the commencement of the Rights Offering (as defined in Item 7.01 below), the Company entered into backstop agreements with certain current stockholders of the Company (collectively, the “Stockholder Backstop Purchasers”), the form of which is attached as Exhibit 10.01 to this Current Report and is incorporated by reference into this Item 1.01 (collectively, the “Stockholder Backstop Agreements”). Pursuant to Stockholder Backstop Agreements, in connection with the Rights Offering, each Stockholder Backstop Purchaser has agreed to exercise its basic subscription privilege in full, to exercise its over-subscription privilege and, upon the completion of the Rights Offering, to purchase 100% of all remaining available shares not otherwise subscribed for pursuant to all other stockholders’ basic subscription privileges and over-subscription privileges, subject to the respective Stockholder Backstop Purchaser’s total commitment amount. Each Stockholder Backstop Purchaser has agreed to a total commitment amount, as further described below, for an aggregate dollar amount of backstop commitments from all Stockholder Backstop Purchasers of $8,100,000 (the “Stockholder Backstop Commitments”):

On July 17, 2018, effective as of July 16, 2018, and prior to the commencement of the Rights Offering, the Company entered into backstop agreements with certain non-stockholders of the Company (each, a “Non-Stockholder Backstop Purchaser”), the form of which is attached as Exhibit 10.02 to this Current Report and is incorporated by reference into this Item 1.01 (each, a “Non-Stockholder Backstop Agreement”). Pursuant to each Non-Stockholder Backstop Agreement, in connection with the Rights Offering, each Non-Stockholder Backstop Purchaser has agreed to purchase 100% of all remaining available shares not otherwise subscribed for pursuant to all stockholders’ basic subscription privileges and over-subscription privileges, subject to respective Non-Stockholder Backstop Purchaser’s total commitment amount. Each Non-Stockholder Backstop Purchaser has agreed to a total commitment amount, as further described below, for an aggregate dollar amount of backstop commitments from all Non-Stockholder Backstop Purchasers of $4,900,000 (the “Stockholder Backstop Commitments” and, together with the Stockholder Backstop Commitments, the “Backstop Commitments”):

The aggregate dollar amount of the Backstop Commitments is $13,000,000.

Item 7.01. Regulation FD Disclosure.

On July 23, 2018, the Company issued a press release providing management’s financial guidance with regard to the Company’s performance as well as announcing an offering of subscription rights to the Company’s stockholders (the “Rights Offering”). A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference into this Item 7.01.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

SIGNATURE

          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.