Flex Ltd.
Flex Ltd. Approves 2025 Annual Incentive Bonus Plan
Summary
On June 12, 2024, Flex Ltd.'s Board of Directors approved the Annual Incentive Bonus Plan for fiscal year 2025, which provides executive officers with cash bonuses based on achieving pre-established performance goals. The plan includes metrics such as operating profit, free cash flow, and revenue, with target award opportunities set at various percentages of base salary and potential payouts ranging from 30% to 200% of target based on performance. Actual payouts may be modified by up to +/- 10 percentage points depending on sustainability metrics and individual performance.
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About Flex Ltd.
Flex Ltd. is a leading manufacturing and supply chain solutions provider that operates on a global scale. The company primarily focuses on developing and delivering innovative product solutions for a broad range of industries including consumer electronics, industrial automation, automotive, healthcare, and energy. Leveraging advanced technologies and supply chain expertise, Flex Ltd. offers comprehensive services ranging from design, engineering, and manufacturing to logistics and post-production support. As a key player in the manufacturing sector, the company enables its clients to streamline their operations, reduce costs, and accelerate time-to-market for new products. Flex Ltd.'s strategic global footprint, encompassing facilities and offices in over 30 countries, highlights its significant role in facilitating a seamless flow of goods across international markets. Founded in 1969 and headquartered in Singapore, Flex Ltd. continues to influence how businesses adapt to evolving technological and market demands with its commitment to efficiency, sustainability, and innovation.
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