Flex Ltd. Announces Annual Incentive Bonus Plan for Executive Officers

Details

This plan allows executive officers to earn bonuses based on the achievement of performance goals including operating profit, free cash flow, and revenue targets at both the company and segment levels. The bonus structure allows for up to 200% of target payouts depending on performance, subject to adjustments based on individual executive performance and company operating profit. The plan includes non-GAAP financial measures for performance evaluation.

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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.