Form 8-K · Current Report · Filed 2024-08-09
Flex Ltd. Announces Share Repurchase Plan Approval and Director Re-elections
On August 8, 2024, Flex Ltd. held its 2024 Annual General Meeting where shareholders re-elected all nine directors, re-appointed Deloitte & Touche LLP as independent auditors, approved the compensation of named executive officers on an advisory basis, authorized the issuance of Ordinary Shares, and approved the renewal of the Share Purchase Mandate for up to 20% of its issued and outstanding shares. Additionally, the Company announced its authorization to repurchase up to $1.7 billion of its issued Ordinary Shares. The timing and number of shares repurchased will depend on market conditions and legal requirements.
- Filer
- Flex Ltd. FLEX · NASDAQ
- Filed
- Accession
- 0000866374-24-000036
- CIK
- 0000866374
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Submission of Matters to a Vote of Security Holders
Other Events
Market reaction
Close before filing
$29.03
Next session
+1.8%
Since filing
+291.8%
Latest close
$113.75
What happened, not what will happen — closing prices around the filing date.
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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