Flex (FLEX) Proxy filing summary

Executive summary

• CEO announced completion of the EPC Power acquisition on October 14, 2026; EPC joins the Cloud and Power Infrastructure business, expected to become Axiom in early 2027.

• EPC designs and builds electrical power conversion and management systems for data centers and power grids; its technology complements existing Power, Cooling, and Compute capabilities.

Voting matters and shareholder proposals

• A proxy statement filed October 5, 2026, was distributed to shareholders seeking approval of proposals related to the planned spin-off.

Risk oversight and compliance

• Spin-off risks include failure to meet completion conditions or secure approvals, loss of expected tax-free treatment, disruption to business relationships, execution costs, and retention of key personnel.

• The proposed spin-off is intended to create an independent publicly traded company; anticipated benefits include greater strategic focus, financial flexibility, and shareholder value, but outcomes and timing remain uncertain.

• Additional risks include geopolitical conflicts, economic or industry changes, litigation, management distraction, and uncertainty over post-spin-off financial performance and financing.