Flex (FLEX) Proxy filing summary

Executive summary

• Plans announced to spin off the Cloud and Power Infrastructure segment into Axiom Solutions, Inc., creating two independent companies with distinct strategic focuses.

• Amy Schwetz appointed as expected CFO for the remaining segments post-spin-off, while Kevin Krumm is set to become CFO of Axiom.

• Forward-looking statements highlight anticipated benefits such as enhanced strategic focus, financial flexibility, and value creation for shareholders.

• The spin-off is expected to be tax-free for U.S. federal income tax purposes and aims to improve market position and growth opportunities.

Voting matters and shareholder proposals

• Shareholder approval is being sought for the spin-off proposal via a proxy statement on Schedule 14A.

• Relevant materials, including the proxy statement and Form 10 registration for Axiom, will be filed and made available to shareholders.

Board of directors and corporate governance

• Information on directors, executive officers, and their share ownership is available in the 2026 annual general meeting proxy statement.

• Any changes in holdings by directors and officers will be updated in SEC filings such as Form 3 and Form 4.