Flex Ltd. approves FY2025 annual incentive bonus plan with CEO target at 165% of base salary

FLEX LTD.

CEO target award 165% of base salary; CFO 110%; other named executive officers 100-110%.
Performance measures: company-level operating profit, free cash flow, revenue; segment-level metrics for certain executives.
Payout ranges from threshold (30-50% of target) to maximum 200% of target; funding gated by operating profit threshold.
Sustainability and individual performance modifiers can adjust payouts by +/- 10 percentage points each.
Plan uses adjusted non-GAAP measures; committee may exclude extraordinary items or transactions.

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