secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000866374-24-000028
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000028/0000866374-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000028/flex-20240612.htm
  HTML page:      https://secwatch.observer/filing/0000866374-24-000028

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