Flex (FLEX) Proxy filing summary

Executive summary

• Announced a planned tax-free spin-off of the Cloud and Power Infrastructure (CPI) segment, targeted for completion in Q1 of calendar 2027, to create two focused, industry-leading companies.

• Q1 2027 delivered strong results: revenue of $7.9B (up 21% YoY), adjusted EPS of $1 (up 39% YoY), and margin expansion across all segments.

• CPI segment revenue grew 35% YoY, with significant investments in power, cooling, and infrastructure to support AI-driven demand.

• Both companies will have dedicated leadership teams post-separation, with further details to be shared at the upcoming Investor Day.

Voting matters and shareholder proposals

• Shareholder approval is being sought for the spin-off of the CPI business, with proxy materials and a registration statement to be filed with the SEC.

• Directors and executive officers may be deemed participants in the proxy solicitation for the spin-off.

Board of directors and corporate governance

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

• Additional leadership appointments for both SpinCo and Flex will be effective upon completion of the separation.