secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0000866374-24-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Flex approves compensation for Interim CFO Martinez, salary increase for Tan, CCO Hartung
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- Interim CFO Martinez gets $300K RSU award (vests 50% per year) plus $50K monthly cash increment.
- President Hooi Tan base salary raised from $700K to $735K, retroactive to August 1, 2024.
- CCO Hartung bonus target raised to 110% of base, LTI award increased by $500K to $2.3M.
- Hartung's $500K RSU vests in three equal annual installments.
- Changes effective August 15, 2024, upon Board and Committee recommendation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000039/0000866374-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000039/flex-20240815.htm
  HTML page:      https://secwatch.observer/filing/0000866374-24-000039

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