Flex (FLEX) Proxy filing summary

Executive summary

• Expanded prefabricated data-center portfolio adds AI Modules integrating 800 VDC power, high-density compute and liquid cooling; deployment targeted up to 50% faster than traditional construction.

• Cloud and Power Infrastructure segment is planned to separate into an independent publicly traded company in Q1 calendar 2027.

• More than 3 million sq. ft. of dedicated U.S. data-center infrastructure manufacturing capacity supports modular deployment.

Voting matters and shareholder proposals

• Shareholders are being asked to approve spin-off-related proposals; the proxy statement was filed Oct. 5, 2026, and mailed or otherwise disseminated to shareholders.

Risk oversight and compliance

• Spin-off risks include failure to complete or qualify for expected tax-free treatment, delays or added costs, approvals, business disruption, management distraction and benefits taking longer or not materializing.

• Other cited risks include effects on relationships and financial performance, retaining key personnel, financing and credit ratings, geopolitical conflicts, and economic or industry conditions.