Flex (FLEX) Proxy filing summary

Executive summary

• Announced a planned spin-off of the Cloud and Power Infrastructure segment into an independent, publicly traded company, aiming for enhanced strategic focus and value creation for shareholders.

• Forward-looking statements highlight anticipated benefits, including financial flexibility and improved market positioning for both entities post-spin-off.

• The spin-off is expected to be tax-free for U.S. federal income tax purposes, pending satisfaction of regulatory and legal conditions.

• Management changes and new leadership roles are anticipated as part of the transformation, with a focus on technology-enabled industries.

Voting matters and shareholder proposals

• Shareholder approval is required for the spin-off, with proxy materials to be disseminated for voting.

• Proposals related to the spin-off will be detailed in the upcoming proxy statement and registration filings.

Board of directors and corporate governance

• Information on directors, executive officers, and their share ownership is available in the 2026 annual meeting proxy statement.

• Any changes in holdings by directors or officers will be updated in SEC filings as required.