---
schema_version: "secwatch.filing_event.v1"
accession: "0000866374-23-000035"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T23:26:41.060869+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Flex Ltd. approves FY2024 executive bonus plan; CEO target at 165% of base salary

## Summary
- CEO target award 165% of base salary; CFO 110%; other NEOs 100-110%.
- Metrics: operating profit, free cash flow, revenue; ESG and individual performance modifiers up to +/-10%.
- Payouts range from threshold (30% for profit/revenue, 50% for FCF) to 200% max.
- Operating profit funding metric can adjust enterprise payout by +/-20 percentage points.

## SEC filing metadata
- accession: 0000866374-23-000035
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000086637423000035/0000866374-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000086637423000035/flex-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866374-23-000035
- JSON: https://secwatch.observer/filing/0000866374-23-000035.json
- Plain text: https://secwatch.observer/filing/0000866374-23-000035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.