Flex Ltd. has unveiled its Annual Incentive Bonus Plan for fiscal year 2026, which was approved by the Board of Directors on June 12, 2025. The plan outlines the opportunity for executive officers to earn annual cash bonuses based on the achievement of specific performance goals. Key performance measures include operating profit, free cash flow, and revenue targets at the company level, with additional segment-level targets for certain executives. The bonus plan sets target award opportunities at 165% of base salary for the CEO, 115% for the CFO, and between 100% and 110% for other named executive officers. Payouts are contingent upon meeting threshold performance measures, with potential adjustments based on individual executive performance and overall company performance. The plan also allows for modifications to exclude extraordinary or nonrecurring items, using adjusted, non-GAAP measures.
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