Flex (FLEX) Proxy filing summary

Executive summary

• Announced planned spin-off of the Cloud and Power Infrastructure business into an independent, publicly traded company, anticipated to close at the beginning of 2027.

• Introduced executive leadership teams for both the remaining and spun-off entities, with specific appointments for CEO, CFO, and other key roles.

• Outlined communication channels for stakeholders, including FAQs, feedback surveys, and live Q&A sessions.

• Provided cautionary statements regarding forward-looking statements and risks associated with the spin-off, including regulatory, operational, and market uncertainties.

Voting matters and shareholder proposals

• Shareholder approval will be sought for spin-off-related proposals via a proxy statement to be filed with the SEC.

• Flex and certain directors and officers may participate in proxy solicitation for the spin-off.

Board of directors and corporate governance

• Leadership teams for both companies post-spin-off were detailed, including CEO, CFO, and other executive roles.

• Flex is conducting a search for a permanent CFO to succeed the current CFO, who will transition to SpinCo.