secwatch.observer — SEC 8-K summary
======================================

Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0000866374-24-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flex appoints Kevin Krumm as CFO effective Jan 6, 2025; interim CFO Martinez steps down
--------------------------------------------------------------------------------

- Kevin Krumm named CFO effective Jan 6, 2025; succeeds interim CFO Jaime Martinez who will support transition.
- Krumm was most recently EVP & CFO of APi Group; prior 15-year tenure at Ecolab in senior finance roles.
- Base salary $832k; target bonus 115% of base; LTI target $2.9M (50% PSUs/50% RSUs).
- Make-whole RSU grant of $5.8M and sign-on cash bonus of $3.5M; subject to clawback if leave within 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000056/0000866374-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637424000056/flex-20241118.htm
  HTML page:      https://secwatch.observer/filing/0000866374-24-000056

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