secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0000866374-22-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Flex appoints Daniel Wendler as CAO effective Feb 28, replacing David Bennett who resigns for Nextracker CFO role
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- David Bennett resigns as CAO effective Feb 28, 2022, to become CFO of Nextracker LLC.
- Daniel Wendler appointed CAO effective Feb 28; previously CAO at Keter Group and Carrier veteran.
- Wendler's compensation: $400K base salary, target bonus 50% ($200K) with up to 200% of target, plus equity.
- Wendler receives $325K target equity award for FY2023 (three-year vest), plus $100K deferred compensation cliff vesting at 4 years.
- One-time make-whole grants: $160K RSUs (3-year vest) and $40K cash bonus (repayable if leaves within 24 months).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637422000019/0000866374-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637422000019/flex-20220211.htm
  HTML page:      https://secwatch.observer/filing/0000866374-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer