Highest-materiality recent filing
Flex Ltd. enters $1.45B senior term loan facility; proceeds to refinance acquisition debt
$1.45B senior term loan fully funded on May 29, 2026; matures Nov 29, 2027.
Flex reports Q4 adj EPS $0.93, rev $7.5B; to spin off cloud & power unit by Q1 2027
Q4 net sales $7.5B (+17% YoY); FY net sales $27.9B (+8% YoY).
Flex completes EP² acquisition, secures $1.45B delayed draw term loan
Completed acquisition of Electrical Power Products (EP²), a provider of engineered-to-order electrical power control systems.
Flex to acquire Electrical Power Products for ~$1.1B all-cash
All-cash transaction valued at ~$1.1B (~$1.0B after tax benefits).
Flex Q3 FY2026 results beat guidance; raises full-year outlook
Net sales $7.1B, up 8% YoY, exceeding guidance; GAAP EPS $0.64, adjusted EPS $0.87 (record).
Issued $150M of 5.250% Notes due 2032 (reopening of $500M series) and $600M of 5.375% Notes due 2035.
Flex Q2 fiscal 2026: sales up 4% to $6.8B, adj EPS record $0.79, raises guidance
Net sales $6.8B (+4% YoY) at top of guidance; GAAP EPS $0.52 includes $0.11 from Ukraine missile strike.
Flex files legal opinion for shelf prospectus supplement; no offering terms disclosed
Filed prospectus supplement to automatic shelf registration (File No. 333-281573) on September 4, 2025.
Flex issues Amazon warrant for 3.86M shares at $51.29, vesting linked to commercial payments
Warrant to purchase up to 3,859,851 ordinary shares at $51.29 per share (30-day VWAP).
Flex Ltd. shareholders approve 20% share purchase mandate; board authorizes up to $1.7B buyback
Shareholders re-elected all nine director nominees and reappointed Deloitte & Touche as auditor.
Flex reports Q1 FY2026 net sales $6.6B, GAAP EPS $0.50, adjusted EPS $0.72
Net sales $6.6B; GAAP operating income $311M; adjusted operating income $395M.
Flex Ltd. enters new $2.75B revolving credit facility, replacing $2.5B facility due 2027
New $2.75B unsecured revolving credit facility matures July 15, 2030, replacing existing $2.5B facility due July 19, 2027.
Flex CEO Revathi Advaithi receives $25M performance equity award tied to data center growth
Grant date fair value at target of $25M in performance-based restricted share units (PSUs).
Flex Ltd. Board approves Fiscal 2026 Annual Incentive Bonus Plan for executives
CEO target award set at 165% of base salary; CFO 115%; other NEOs 100-110%.
Flex Q4 FY2025 EPS $0.57 GAAP / $0.73 adjusted; net sales $6.4B
Q4 net sales $6.4B; GAAP operating income $305M; adjusted operating income $396M.
Flex announces May 7, 2025 date for Q4 and fiscal 2025 earnings call
Earnings call scheduled for May 7, 2025 at 7:30 AM CT / 8:30 AM ET.
Flex amends equity plan for double-trigger vesting; CEO added to enhanced severance plan
Board approved amendment to 2017 Equity Incentive Plan clarifying double-trigger vesting of awards assumed in a change of control, effective March 5, 2025.
Flex Q3 FY2025: net sales $6.6B, adj. EPS $0.77
Net sales of $6.6 billion for the quarter ended December 31, 2024.
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.
Flex reports Q2 FY2025 net sales $6.5B, GAAP EPS $0.54, adjusted EPS $0.64
Net sales of $6.5 billion for the quarter ended September 27, 2024.
Flex acquires Crown Technical Systems for $325M all-cash; expected close Dec 2024
Purchase price $325M in cash; deal expected to be accretive in first year after close.
Flex awards $4.6M supplemental equity to Hartung and Tan; retention-focused
One-time supplemental awards: $4.6M grant date fair value each for CEO Michael P. Hartung and President Hooi Tan.
Flex Ltd. issues $500M of 5.250% Notes due 2032
Issued $500M aggregate principal of 5.250% Notes due January 15, 2032.
Flex approves compensation for Interim CFO Martinez, salary increase for Tan, CCO Hartung
Interim CFO Martinez gets $300K RSU award (vests 50% per year) plus $50K monthly cash increment.
Flex Ltd. authorizes $1.7B share repurchase; directors re-elected
Board authorized up to $1.7 billion in open-market share repurchases under renewed mandate from shareholders.
Q1 net sales $6.3B; GAAP operating income $233M; adjusted operating income $306M.
Flex Ltd. approves FY2025 annual incentive bonus plan with CEO target at 165% of base salary
CEO target award 165% of base salary; CFO 110%; other named executive officers 100-110%.
Flex Q4 adj EPS $0.57, net sales $6.2B; restructuring $75-125M; Board Chair Capellas to step down
Q4 FY2024 GAAP EPS from cont ops $0.93, adjusted EPS $0.57; net sales $6.2B.
In connection with Mr. Krumm’s appointment, Jaime Martinez will cease to serve as the Company’s Interim Chief Financial Officer as of the Effective Date.
On November 22, 2024, Flex Ltd. (the “Company”) announced that, effective January 6, 2025 (the “Effective Date”), Kevin S. Krumm has been appointed Chief Financial Officer of the Company.
Finally, on August 15, 2024, the Board, upon the Committee’s recommendation, approved the following compensation changes for Mr. Michael P. Hartung in connection with his promotion to the role of Chief Commercial Officer:
Jaime Martinez, Senior Vice President, Finance, Flex Reliability Solutions, will serve as the Company’s Interim Chief Financial Officer, effective August 1, 2024
On July 19, 2024, Mr. Paul R. Lundstrom, Chief Financial Officer of Flex, notified the Company that he is resigning to pursue another career opportunity, effective July 31, 2024.
Max materiality 0.85 · Median 0.65 · Most common event other_material