---
schema_version: "secwatch.filing_event.v1"
accession: "0000866374-23-000070"
form_type: "8-K"
ticker: "FLEX"
cik: "0000866374"
company_name: "FLEX LTD."
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:39:37.688473+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Flex shareholders approve capital reduction for Nextracker spin-off; expects completion by Q4 FY2024

## Summary
- Shareholders voted 394,168,412 For, 218,966 Against, 399,153 Abstain to approve capital reduction under Singapore Companies Act.
- Capital reduction enables distribution in specie of Yuma, Inc. shares (holding Nextracker interests) to Flex shareholders on pro rata basis.
- Flex will submit capital reduction to High Court of Singapore for approval promptly; expects completion in Q4 ending March 31, 2024.
- Distribution and merger of Yuma into Nextracker subsidiary are expected on the same day as capital reduction.

## SEC filing metadata
- accession: 0000866374-23-000070
- form_type: 8-K
- ticker: FLEX
- cik: 0000866374
- company_name: FLEX LTD.
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.07, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866374/000086637423000070/0000866374-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866374/000086637423000070/flex-20231120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866374-23-000070
- JSON: https://secwatch.observer/filing/0000866374-23-000070.json
- Plain text: https://secwatch.observer/filing/0000866374-23-000070.txt

## Key facts
- Shareholder Votes
  FLEX LTD. shareholders approved To approve the proposed court-approved capital reduction to be carried out by Flex pursuant to Section 78G of the Singapore Companies Act, in order to effect the distribution in specie of all of the shares of common stock, par value $0.01 per share, of Yuma, Inc. to Flex shareholders on a pro rata b at the 2023-11-20 meeting.
  - Outcome: passed
  - Meeting: 2023-11-20
  source text: The Company’s Inspector of Elections certified the following vote tabulations on the above special resolution from the Extraordinary General Meeting: For Against Abstain To approve the proposed court-approved capital reduction to be carried out by Flex pursuant to Section 78G of the Singapore Companies Act, in order to effect the distribution in specie of all of the shares of common stock, par value $0.01 per share, of Yuma, Inc. to Flex shareholders on a pro rata basis based on the number of Flex Ordinary Shares held by each Flex shareholder. 394,168,412 218,966 399,153
  evidence_url: https://www.sec.gov/Archives/edgar/data/866374/000086637423000070/0000866374-23-000070-index.htm

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