FLEX

• Shareholders re-appointed Deloitte & Touche LLP as independent auditors for fiscal 2027 and authorized the Board to fix their remuneration.
• A non-binding advisory vote on named executive officer compensation passed with 225,019,031 votes for and 78,671,585 against.
• Shareholders approved a general authorization for the Board to allot and issue Ordinary Shares.
• The Board authorized management to repurchase up to $2.0 billion of Ordinary Shares, following shareholder approval of the Share Purchase Mandate renewal (up to 20% of issued shares).

5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events

• GAAP operating margin was 4.9% and adjusted operating margin was 6.7%.
• GAAP EPS was $0.76 and adjusted EPS was a record $1.00.
• Q2 FY2027 guidance: net sales $7.95B-$8.25B, adjusted EPS $1.00-$1.07.
• Updated FY2027 guidance: net sales $33.7B-$35.2B, adjusted EPS $4.42-$4.74.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The spin-off is expected to complete in the first calendar quarter of 2027, subject to Board approval and other conditions.
• Revathi Advaithi will be CEO of SpinCo, with Bill Watkins as Non-Executive Chairman; Michael Hartung will be CEO of Flex, with Advaithi as Non-Executive Chairman during a transitional period.
• Kevin Krumm, currently Flex CFO, is expected to become SpinCo CFO upon completion; Flex has begun a search for a permanent CFO.
• The appointments are conditioned on completion of the spin-off, which is expected to be tax-free for U.S. federal income tax purposes.
• Flex intends to file a proxy statement and a Form 10 registration statement with the SEC in connection with the spin-off.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• On June 11, 2026, Flex Ltd.'s Board approved the Annual Incentive Bonus Plan for fiscal year 2027.
• Performance measures are operating profit, free cash flow, and revenue at the company level, with payouts ranging from 30% to 200% of target depending on the metric.
• Company operating profit acts as a funding metric, adjusting executive payouts by up to +/-20 percentage points, and individual performance can modify payouts by up to +/-10 percentage points.
• The Compensation and People Committee may exclude extraordinary items and uses adjusted non-GAAP measures to determine achievement.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• On May 29, 2026, Flex Ltd. entered into a Credit Agreement providing a $1.45 billion senior term loan credit facility.
• Proceeds will be used for general corporate purposes, including refinancing the Existing 364-Day Facility that funded the acquisition of Electrical Power Products, Inc.
• The Credit Agreement includes covenants such as a maximum Debt/EBITDA ratio of 4.00 to 1.00 and a minimum Interest Coverage ratio of 3.00 to 1.00.
• The obligations are not guaranteed by any subsidiary, but Flex may add subsidiary guarantors later.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Q4 GAAP operating margin was 5.0% and adjusted operating margin was 6.7%; full-year adjusted operating margin was 6.3%, a record.
• Q4 free cash flow was $212 million; full-year free cash flow was $1,060 million.
• First quarter FY2027 guidance: net sales $7.35B-$7.65B, adjusted EPS $0.86-$0.92.
• Fiscal 2027 guidance: net sales $32.3B-$33.8B, adjusted EPS $4.21-$4.51, adjusted operating margin 7.0%-7.1%.
• Flex announced intent to spin off its cloud and power infrastructure business into a new independent publicly traded company.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The credit facility matures 364 days after the first funding of term loans and bears interest at Term SOFR or Base Rate plus a margin based on Flex's debt ratings.
• Proceeds from the credit facility will fund general corporate purposes, including the acquisition of Electrical Power Products, Inc. (EP²).
• Flex completed the acquisition of EP², a provider of engineered-to-order electrical power control and protection systems, as announced on May 4, 2026.
• EP² will be integrated into Flex's Embedded and Critical Power business, adding a Midwest manufacturing presence and supporting grid modernization and data center demand.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Flex Ltd. announced a definitive agreement to acquire Electrical Power Products, Inc. (EP2), a provider of engineered-to-order electrical power control and protection systems.
• EP2 is expected to generate revenue of approximately $323 million in its fiscal year ending March 31, 2026, with double-digit organic growth and a mid-to-high teens adjusted EBITDA margin.
• The acquisition is expected to close in the first quarter of Flex's fiscal year 2027, subject to customary conditions including Hart-Scott-Rodino clearance.
• The transaction is expected to be accretive to adjusted EPS in the first full fiscal year after close.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits