Flex (FLEX) Proxy filing summary

Executive summary

• Announced a definitive agreement to acquire EPC Power Corp. for $4.4 billion, enhancing power conversion and grid-forming capabilities for data center and grid applications.

• Acquisition aims to expand efficient 800 VDC data center architectures using advanced digital rectifier and solid-state transformer technologies.

• Planned spin-off of the Cloud and Power Infrastructure segment into an independent, publicly traded company, with anticipated benefits including strategic focus and financial flexibility.

• Forward-looking statements highlight expectations for value creation, tax-free treatment, and future performance post-spin-off.

Voting matters and shareholder proposals

• Shareholder approval is being sought for the proposed spin-off of the Cloud and Power Infrastructure business.

• Proxy statement and related materials will be filed and disseminated to shareholders for voting.

Board of directors and corporate governance

• Directors and executive officers may participate in proxy solicitation for the spin-off.

• Information on director and executive officer share ownership and compensation is available in the 2026 annual meeting proxy statement.