$FLEX · FLEX LTD.

Flex filed an 8-K announcing that Amy B. Schwetz will join as CFO of its RMS and ITS segments on October 5, 2026, and is expected to become Flex CFO after the planned separation of its Cloud and Power Infrastructure segment into Axiom Solutions International. The company also disclosed the expected post-separation board compositions for both Flex and Axiom, including four new director appointments: George R. Oliver and Brian Yoor to Flex, and Mark Eubanks and David Johnson to Axiom. The separation is expected to close in Q1 CY2027, subject to board, shareholder, SEC, and Singapore High Court

Extended-hours trading shows +3.40% to $112.00 vs the regular-session close of $108.32, suggesting the market views the CFO appointment and board clarity as positive steps toward the separation. Regular session had fallen 6.44% on the day; no regular-session trading has occurred since the filing.

The CFO appointment and full board slates remove key leadership uncertainty around Flex's high-profile split into two publicly traded companies, a transaction that will reshape the $40B manufacturer.

Flex's spin-off of its Cloud and Power Infrastructure business into Axiom mirrors the broader industrial trend of separating high-growth data-center/AI infrastructure units from legacy manufacturing operations to unlock valuation multiples.

The separation remains subject to Flex board approval, SEC effectiveness of the Form 10, Flex shareholder vote, and Singapore High Court approval — any delay or failure to meet these conditions could derail the spin-off. Tax-free treatment for U.S. federal income tax purposes is not guaranteed.