Flex Ltd. announced its Board of Directors approved the Annual Incentive Bonus Plan for fiscal year 2027 on June 11, 2026. The plan outlines the structure for annual cash bonuses for the company's executive officers, which are contingent on achieving pre-established corporate performance goals.
Key Details
- Performance Metrics: Bonuses will be based on achieving targets for operating profit, free cash flow, and revenue.
- Target Bonus Opportunities: Target awards are set as a percentage of base salary: 165% for the CEO, 115% for the CFO, and between 100% and 110% for other named executive officers.
- Payout Range: Payouts can range from a threshold of 30-50% of target to a maximum of 200% of target, based on performance. No payout is awarded for metrics that do not meet their minimum threshold.
- Adjustments: Awards can be modified by up to +/- 20 percentage points based on overall company operating profit and by up to +/- 10 percentage points based on individual executive performance.