8-K
filed August 7, 2023, 7:59 PM ET
ticker FLEX
CIK 0000866374
other material
confidence high
sentiment positive
materiality 0.65
Flex Ltd. shareholders approve $2B buyback, 16.3M share equity plan increase
FLEX LTD.
- Board authorized up to $2B share repurchase program after shareholder approval of purchase mandate for up to 20% of outstanding shares.
- Shareholders approved amendment to 2017 equity plan, increasing authorized shares by 16.3M.
- All 10 director nominees re-elected; Deloitte & Touche reappointed as auditor for FY2024.
- Advisory say-on-pay approved with 371M votes for; annual frequency adopted.
- General authorization to allot and issue ordinary shares also approved.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved Resolution to approve the amendment and restatement of the Flex Ltd. 2017 Equity Incentive Plan at the 2023-08-02 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
The shareholders approved the amendment and restatement of the Flex Ltd. 2017 Equity Incentive Plan.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved Renewal of the Share Purchase Mandate permitting the Company to purchase or otherwise acquire up to 20% of its own issued and outstanding Ordinary Shares as of the date of the Annual General Meeting at the 2023-08-02 meeting.
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
The shareholders approved the renewal of the Company’s Share Purchase Mandate permitting the Company to purchase or otherwise acquire up to 20% of its own issued and outstanding Ordinary Shares as of the date of the Annual General Meeting.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved Re-appointment of Deloitte & Touche LLP as the Company's independent auditors for the 2024 fiscal year and to authorize the Board of Directors, upon the recommendation of the Audit Committee of the Board of Directors, to fix their remuneration at the 2023-08-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
Watkins 377,929,775 5,782,357 310,992 23,994,079 Broker For Against Abstain Non-Votes Re-appointment of Deloitte & Touche LLP 387,662,312 20,032,716 322,175 — as the Company's independent auditors for the 2024 fiscal year and to authorize the Board of Directors, upon the recommendation of the Audit Committee of the Board of Directors, to fix their remuneration Broker For Against Abstain Non-Votes Non-binding, advisory resolution relating to 371,039,221 8,111,433 4,872,470 23,994,079 the compensation of the Company's named executive officers 1 Year 2 Years 3 Years Abstain Non-binding, advisory resolution relating to the 373,864,751 121,931 9,722,524 313,918 frequency of the non-binding, advisory vote on the compensation of the Company’s named executive officers Based on the results of the vote on the proposal regarding the non-binding, advisory resolution relating to the frequency of the
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved Non-binding, advisory resolution relating to the compensation of the Company's named executive officers at the 2023-08-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
The shareholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved Non-binding, advisory resolution relating to the frequency of the non-binding, advisory vote on the compensation of the Company's named executive officers (Every One Year) at the 2023-08-02 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
The shareholders approved, on a non-binding, advisory basis, “Every One Year” as their preferred frequency for holding future advisory votes on the compensation of the Company’s named executive officers.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved General authorization for the Board of Directors to allot and issue Ordinary Shares at the 2023-08-02 meeting.
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
The shareholders approved a general authorization for the Company’s Board of Directors to allot and issue Ordinary Shares.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLEX LTD. shareholders approved Election of ten (10) nominees for director at the 2023-08-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-08-02
Exact text from the filing
The shareholders re-elected the ten (10) nominees for director.
View on SEC.gov
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