secwatch.observer — SEC 8-K summary
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Issuer:     FLEX LTD. (FLEX)
CIK:        0000866374
Form:       8-K
Filed at:   2026-10-13T20:11:21+00:00
Accession:  0001104659-26-115502
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Flex amends Amazon warrant tied to Axiom spin-off; Spinco warrant struck at $0.01/share
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- Oct 9, 2026 amendment covers existing warrant on 3,859,851 Flex ordinary shares at $51.29 each, originally issued Aug 15, 2025 to Amazon.com NV Investment Holdings LLC.
- All warrant rights assigned to Amazon.com Services LLC; warrant was amended because of Flex's planned spin-off of its cloud and power infrastructure unit.
- Instead of receiving Spinco shares in the distribution, Amazon gets a fully vested Axiom Solutions International warrant at $0.01/share, sized by the warrant's pre-distribution intrinsic value.
- Distribution of roughly 88.0% to 94.0% of Spinco common stock to Flex shareholders; Schedule 14A proxy filed Oct 5, 2026 and Spinco Form 10 on file.
- Flex claims Section 4(a)(2) exemption from registration for the Amended Warrant and Warrant Shares; CFO Kevin Krumm signed the report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866374/000110465926115502/0001104659-26-115502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866374/000110465926115502/tm2627474d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-115502

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