secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0000866374-23-000035
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637423000035/0000866374-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637423000035/flex-20230614.htm
  HTML page:      https://secwatch.observer/filing/0000866374-23-000035

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