secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0000866374-25-000032
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Flex Ltd. Board approves Fiscal 2026 Annual Incentive Bonus Plan for executives
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- CEO target award set at 165% of base salary; CFO 115%; other NEOs 100-110%.
- Performance measures: operating profit, free cash flow, revenue at company level.
- Segment-level operating profit and revenue targets for President and CCO.
- Payout thresholds: 30% for op profit and revenue, 50% for FCF; max 200% of target.
- Company operating profit as funding metric can adjust bonus pool +/-20%; individual modifier +/-10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000086637425000032/0000866374-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000086637425000032/flex-20250612.htm
  HTML page:      https://secwatch.observer/filing/0000866374-25-000032

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