Corporate GovernanceJun 12, 2026, 04:08 PM
Flex Approves FY2027 Annual Incentive Bonus Plan for Executives
AI Summary
Flex Ltd. announced that its Board of Directors approved the Annual Incentive Bonus Plan for fiscal year 2027. This plan offers executive officers annual cash bonuses based on achieving pre-established performance goals, including operating profit, free cash flow, and revenue targets. Target award opportunities are set at various percentages of base salary, with the CEO at 165%, the CFO at 115%, and other named executive officers between 100% and 110%.
Key Highlights
- Flex Board approved the Annual Incentive Bonus Plan for fiscal year 2027.
- Performance measures include operating profit, free cash flow, and revenue targets.
- CEO target award opportunity is 165% of base salary.
- CFO target award opportunity is 115% of base salary.
- Other named executive officers' target awards range from 100% to 110% of base salary.
- Actual payouts can range from 30% (threshold) to 200% (maximum) of target.
- Company operating profit acts as a funding metric, adjusting payouts by +/- 20 percentage points.
- Individual performance can modify payouts by up to +/- 10 percentage points.
Price Impact
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