Flex Ltd.

(b) Flex Ltd. (the “Company”) announced that, on March 24, 2022, Francois Barbier, President, Global Operations and Components, advised the Company of his intent to retire from his current position with the Company, effective March 31, 2022 (the “Transition Date”). In connection with the Company’s succession planning, the Company further announced that Kwang Hooi Tan has been promoted to President, Global Operations and Components, effective April 1, 2022. Mr. Tan has been with the Company for more than twenty years and most recently responsible for the Company’s Worldwide Manufacturing Operations and previously for leading the Company’s Asia Operations region. Mr.

On February 11, 2022, Flex Ltd. (the “Company”) the Board of Directors approved the appointment of Daniel Wendler as Chief Accounting Officer of the Company, effective February 28, 2022. Mr. Wendler succeeds David Bennett who, on February 11, 2022, notified the Company of his decision to resign from his position as Chief Accounting Officer to become the Chief Financial Officer of Nextracker LLC, effective February 28, 2022. There is no arrangement or understanding between Mr. Wendler and any other person pursuant to which Mr. Wendler was appointed as Chief Accounting Officer. Mr. Wendler, age 55, has served as Chief Accounting Officer of Keter Group SA (“Keter”), a global manufacturer and distributor of consumer goods, since November 2021, where he has been leading the transition of Keter from a foreign-owned private entity to its planned IPO on the NYSE. Prior to Keter, Mr.

(d) On January 26, 2022, Patrick J. Ward was appointed to the Company’s Board of Directors and as a member of the Audit Committee. Mr. Ward joined the Board as an independent director. There is no arrangement or understanding between Mr. Ward and any other person pursuant to which Mr. Ward was appointed as a director. Furthermore, Mr. Ward has no related-party transactions reportable under

(e) Executive Compensation Annual Incentive Bonus Plan for Fiscal 2022 On June 9, 2021, the Board of Directors of Flex Ltd. (the "Company") approved the Company’s Annual Incentive Bonus Plan for fiscal year 2022. The plan provides the Company’s executive officers with the opportunity to earn annual cash bonuses based upon the achievement of pre-established performance goals. Performance measures under the plan will be: operating profit, free cash flow and revenue targets at the Company level; and, additionally for certain executives, operating profit and revenue targets at the segment level. The plan allows awards to provide for different metrics, target levels and weightings for different executives.

(b) On February 24, 2021, Lawrence A. Zimmerman, a member of the Board of Directors (the “Board”) of Flex Ltd. (the “Company”) informed the Board of his decision to retire from the Company’s Board effective February 28, 2021. Mr. Zimmerman’s decision to retire is not the result of any disagreement with the policies, practices or procedures of the Company. Both the Company and the Board thank Mr. Zimmerman for his many years of dedicated service and valuable contributions as a director, member of the Nominating and Corporate Governance Committee, and former Chair of the Audit Committee. 2

(d) On November 24, 2020, Flex Ltd. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting that Mr. John D. Harris II was appointed to the Company’s Board of Directors (the “Board”). The Company is filing this Amendment No. 1 to the Original Form 8-K to report that Mr. Harris has been appointed to the Compensation Committee of the Board effective as of January 20, 2021. There have been no transactions involving the Company or any of its subsidiaries in which Mr. Harris has or will have a direct or indirect material interest that are required to be disclosed under Item 404(a) of Regulation S-K. 2

(d) On November 23, 2020, John D. Harris II was appointed to the Company’s Board of Directors. Mr. Harris joined the Board as an independent director. There is no arrangement or understanding between Mr. Harris and any other person pursuant to which Mr. Harris was appointed as a director. Mr. Harris has not yet been appointed to serve on any committee of the Board. Pursuant to the Company’s non-management directors’ compensation programs, Mr. Harris will be entitled to receive: (i) annual cash compensation of $90,000, payable quarterly in arrears, for services rendered as a director; (ii) a pro-rated share of the annual restricted stock unit award received by our non-management directors following the last annual general meeting; and (iii) an annual restricted stock unit award following each annual general meeting of shareholders having an aggregate fair market value of $185,000.

On November 23, 2020, Flex Ltd. (the “Company”) announced the appointment of Dr. Todd M. Fruchterman as President of the Reliability Solutions segment of the Company, effective November 30, 2020. As part of the Company’s succession planning, Dr. Fruchterman’s appointment follows Paul Humphries’s November 17, 2020 notice of his retirement, effective November 30, 2020 (the “Transition Date”). Mr. Humphries has served as President of the Reliability Solutions segment of the Company since April 1, 2020, President, High Reliability Solutions from April 2011 to March 2020, and in various other leadership roles for the last 20 years. The Company requested and Mr. Humphries has agreed to work through March 31, 2021 (the “Transition Period”) to support a smooth transition. Dr.

(d) On September 15, 2020, Michael Hurlston was appointed to the Company’s Board of Directors. Mr. Hurlston joined the Board as an independent director. There is no arrangement or understanding between Mr. Hurlston and any other person pursuant to which Mr. Hurlston was appointed as a director. Mr. Hurlston has been appointed to the Audit Committee of the Board. Pursuant to the Company’s non-management directors’ compensation programs, Mr.

(e) Executive Compensation Incentive Bonus Plan for Second Half of Fiscal 2021 On September 15, 2020, the Board of Directors of Flex Ltd. (the “Company”) approved the Company’s Incentive Bonus Plan for the second half of fiscal year 2021. As previously disclosed, no bonus payouts will be made with respect to the first two quarters of fiscal year 2021. The second half plan provides the Company’s executive officers with the opportunity to earn cash bonuses based upon the achievement of pre-established performance goals. Total bonus opportunities will be based on achievement of performance targets for the second half of fiscal year 2021. Performance measures under the plan will be: operating profit, free cash flow and revenue targets at the Company level; and, additionally for certain executives, operating profit and revenue targets at the business unit level.

(e) Amendment and restatement of the Flex Ltd. 2017 Equity Incentive Plan On August 7, 2020, Flex Ltd. (the “Company” or “Flex”) held its 2020 Annual General Meeting of Shareholders (“Annual Meeting”). At the Annual Meeting, the Company’s shareholders approved the amendment and restatement of the Company’s 2017 Equity Incentive Plan (the “2017 Plan” and, as amended, the “Amended Equity Plan”). The Amended Equity Plan amends and restates the 2017 Plan to, among other things, increase the aggregate number of shares reserved for issuance by 21,100,000 ordinary shares, less one share for every one share that is subject to an award granted under the 2017 Plan after March 31, 2020 and prior to the effective date of the Amended Equity Plan. A more complete description of the terms of the Amended Equity Plan can be found in “Proposal No.

On August 7, 2020, Flex Ltd. (the “Company”) announced that, effective September 1, 2020, Paul R. Lundstrom has been appointed Chief Financial Officer of the Company. Mr. Lundstrom succeeds Christopher Collier, who on August 5, 2020 notified the Company of his decision to resign from his position as Chief Financial Officer for personal reasons, effective September 1, 2020. Mr. Collier has served as the Chief Financial Officer for Flex for the last seven years and in finance leadership roles for the last 25 years. Mr. Collier has agreed to support a smooth transition of the Chief Financial Officer position and several key business initiatives and will serve as a senior advisor to Revathi Advaithi, Chief Executive Officer, for the period commencing on September 1, 2020 through March 31, 2021. Mr.

(b) On June 3, 2020, Jill A. Greenthal, a member of the Board of Directors of Flex Ltd. (the “Company”) who is subject to retirement at the Company’s 2020 Annual General Meeting of Shareholders (the “2020 Annual Meeting”), notified the Company of her decision not to stand for re-election at the 2020 Annual Meeting. Ms. Greenthal’s decision not to stand for re-election is not the result of any disagreement with the policies, practices or procedures of the Company. Ms. Greenthal will continue to serve as a member of the Company’s Board of Directors and as a member of the Company’s Audit Committee until the date of the 2020 Annual Meeting.

(d) On June 3, 2020, Erin L. McSweeney was appointed to the Company’s Board of Directors. Ms. McSweeney joined the Board as an independent director. There is no arrangement or understanding between Ms. McSweeney and any other person pursuant to which such person was appointed as a director. Ms. McSweeney has been appointed to the Compensation Committee of the Board. Pursuant to the Company’s non-management directors’ compensation programs, Ms.

(b) On April 7, 2020, Flex Ltd. (the “Company”) announced that Douglas M. Britt, President, Flex Agility Solutions, had advised the Company of his intent to resign from the Company. The Company announced today that the effective date of Mr. Britt’s resignation will be April 28, 2020.

(b) Flex Ltd. (the “Company”) announced that, on April 2, 2020, Douglas M. Britt, President, Flex Agility Solutions, advised the Company of his intent to resign from the Company. In connection with the Company’s succession planning, the Company further announced that Michael Hartung has been promoted to President of the Agility Solutions Segment, reporting to the CEO. Mr. Hartung brings a wealth of experience to his expanded role. Over his 15 years with the Company, Mr. Hartung has held increasing roles of responsibility including Vice President, Capital Equipment, Senior Vice President, Consumer, Home & Lifestyle business, and most recently, President, Lifestyle business.

(e) Executive Compensation On March 29, 2020, in light of the uncertainty created by the effects of the COVID-19 pandemic and the company’s initiatives to reduce operating and corporate costs, Revathi Advaithi , the Chief Executive Officer of Flex Ltd. (the “Company”), proposed and the Board of Directors (the “Board”) agreed to reduce her base salary by 50% during the first two quarters of fiscal year 2021. The Company’s other named executive officers proposed and the Board agreed to reduce their base salaries by 30% during the first two quarters of fiscal year 2021. For purposes of the Company’s annual incentive bonus plan for fiscal year 2021, each of the named executive officers agreed to adjustments to reduce to zero bonus payouts attributable to the first two quarters of fiscal year 2021.

(e) Executive Compensation Annual Incentive Bonus Plan for Fiscal 2020 On June 4, 2019, the Board approved the Company’s Annual Incentive Bonus Plan for fiscal year 2020. The plan provides the Company’s executive officers with the opportunity to earn annual cash bonuses based upon the achievement of pre-established performance goals. Total bonus opportunities will be based on achievement of annual targets. Performance measures under the plan will be: revenue growth, earnings per share, operating profit, and free cash flow targets at the Company level; and, additionally for certain executives, revenue growth, new business wins, operating profit, earnings per share, free cash flow and other business-specific business unit targets at the business unit level. The plan allows awards to provide for different metrics, target levels and weightings for different executives.

(e) Executive Compensation On February 11, 2019, Flex Ltd. (the “Company”) announced the appointment of Revathi Advaithi as the Company’s Chief Executive Officer and a member of its Board of Directors. In order to support the leadership transition, promote continuity and stability, and address retention value concerns, on March 5, 2019, the Company’s Board of Directors, upon the recommendation of its Compensation Committee, approved retention grants of restricted share units (the “RSUs”) to certain executive officers, including the Chief Financial Officer and other named executive officers. The RSU grants to the Chief Financial Officer and each of the other named executive officers have grant date fair values of $2,500,000 and will vest and be payable, subject to the executive officer’s continued employment with the Company, on the second anniversary of the grant date.

On February 11, 2019, Flex Ltd. (the “Company”) announced that Revathi Advaithi has been appointed Chief Executive Officer of the Company, with such appointment to be effective February 11, 2019. Ms. Advaithi will also become a member of the Board of Directors of the Company. In connection with Ms. Advaithi’s appointment, Mr. Scott Offer will cease to serve as acting chief executive officer. Prior to joining the Company, Ms. Advaithi, age 51, was President and Chief Operating Officer, Electrical Sector, of Eaton Corporation plc, a power management company, a position she had held since September 1, 2015. Prior to that, she served as President of Electrical Sector, Americas of Eaton from April 1, 2012 through August 31, 2015. She joined Eaton in 1995 and led the Electrical Sector in the Americas and Asia-Pacific, with a three-year assignment in Shanghai. Between 2002 and 2008, Ms.

(c) As previously disclosed, on December 31, 2018, Michael M. McNamara retired as the Chief Executive Officer of Flex Ltd. (the “Company”). The Board of Directors of the Company (the “Board”) has conducted a comprehensive search, assisted by an executive search firm, and is currently in the final stages of the process and anticipates the appointment and the announcement of a new Chief Executive Officer soon. Michael D. Capellas, Chairman of the Board, and other Board members continue to work closely with management during the CEO transition. On February 5, 2019, the Board appointed Scott Offer, age 54, to serve as acting chief executive officer during the transition period, including in connection with the Company’s upcoming Form 10-Q filing. Mr. Offer has served as the Company’s Executive Vice President and General Counsel since September 2016.

(e) Executive Compensation On January 17, 2019, the Compensation Committee of the Board of Directors of Flex Ltd. adopted the Flex Ltd. Executive Severance Plan (the “Plan”). The Plan covers senior level employees of the Company, including the Company’s Chief Financial Officer and other named executive officers, but not including the Company’s Chief Executive Officer.

As previously announced by Flex Ltd. (the “Company”) on October 25, 2018, Michael M. McNamara, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors, advised the Board that he will retire as Chief Executive Officer, effective December 31, 2018. As previously disclosed, the Board is conducting a search for a new Chief Executive Officer and will be considering both internal and external candidates. The Board led by the Chairman, Michael D. Capellas, is actively assisting the Company’s management with the Chief Executive Officer transition. On December 24, 2018, the Company entered into a Separation Agreement and Release of Claims (the “Agreement”) with Mr. McNamara, which provides for Mr.

(e) Executive Compensation On October 25, 2018, Flex Ltd. (the “Company”) announced the retirement of its Chief Executive Officer, Michael M. McNamara, effective December 31, 2018. The process for selecting a new Chief Executive Officer is ongoing. In recognition of this important ongoing leadership transition and to promote continuity and stability during the Company’s Chief Executive Officer transition, on December 7, 2018, the Company’s Board of Directors, upon recommendation of its Compensation Committee, approved retention grants of performance-based restricted share units (the “RSUs”) to certain executive officers, including the Chief Financial Officer and other named executive officers.

(d) On November 14, 2018, each of Jill A. Greenthal and Charles K. Stevens, III was appointed to the Company’s Board of Directors. Each joined the Board as an independent director. There is no arrangement or understanding between either Ms. Greenthal or Mr. Stevens and any other person pursuant to which such person was appointed as a director. Mr. Stevens has been appointed to the Audit Committee of the Board, and it is expected that Ms. Greenthal will be appointed to a new finance and investment committee of the Board upon its formation. Pursuant to the Company’s non-management directors’ compensation programs, each of Ms. Greenthal and Mr.

(b) On October 25, 2018, Flex Ltd. (the “Company”) announced that, on October 22, 2018, Michael M. McNamara, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors, advised the Board that he has decided to retire as Chief Executive Officer, effective December 31, 2018. The Board has engaged Heidrick & Struggles International, Inc. to conduct a search for a new Chief Executive Officer and will be considering both internal and external candidates. Michael D. Capellas, Chairman of the Board, will actively assist the Company’s management with the Chief Executive Officer transition. On October 25, 2018, the Company issued a press release announcing the retirement of Mr. McNamara, a copy of which is attached as Exhibit 99.1 hereto.

(d) On January 8, 2018, Flex Ltd. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) reporting that Ms. Jennifer Li was appointed to the Company’s Board of Directors (the “Board”). The Company is filing this Amendment No. 1 to the Original Form 8-K to report that Ms. Li has been appointed to the Audit Committee of the Board effective as of the date of the Company’s 2018 Annual General Meeting of Shareholders. 2

(b) On June 25, 2018, Daniel H. Schulman, a member of the Board of Directors of Flex Ltd. (the “Company”) who is subject to retirement by rotation at the Company’s 2018 Annual General Meeting of Shareholders (the “2018 Annual Meeting”), notified the Company of his decision not to stand for re-election at the 2018 Annual Meeting due to other time commitments. Mr. Schulman’s decision not to stand for re-election is not the result of any disagreement with the policies, practices or procedures of the Company. Mr. Schulman will continue to serve as a member of the Company’s Board of Directors, as Chairman of the Company’s Compensation Committee and as a member of the Company’s Nominating and Corporate Governance Committee until the date of the 2018 Annual Meeting. William D.

(e) Executive Compensation Annual Incentive Bonus Plan for Fiscal 2019 On June 14, 2018, the Board approved the Company’s Annual Incentive Bonus Plan for fiscal year 2019. The plan provides the Company’s executive officers with the opportunity to earn annual cash bonuses based upon the achievement of pre-established performance goals. Total bonus opportunities will be based on achievement of annual targets. The plan provides for 50% of the bonus to be based on the achievement of quarterly objectives and 50% to be based on the achievement of annual objectives. Performance measures under the plan will be: revenue growth, earnings per share, operating profit, and return on invested capital targets at the Company level; and, additionally for certain executives, total sales, operating profit and new business wins and other business-specific business unit targets at the business unit level.

(d) On January 8, 2018, Ms. Jennifer Li was appointed to the Company’s Board of Directors. Ms. Li joined the Board as an independent director. There is no arrangement or understanding between Ms. Li and any other person pursuant to which she was appointed as a director. Ms. Li has not yet been appointed to serve on any committee of the Board. Pursuant to the Company’s non-management directors’ compensation programs, Ms. Li will be entitled to receive: (i) annual cash compensation of $90,000, payable quarterly in arrears, for services rendered as a director; (ii) upon her appointment, a pro-rated share of the annual restricted stock unit award received by our non-management directors following the last annual general meeting; and (iii) an annual restricted stock unit award following each annual general meeting of shareholders having an aggregate fair market value of $185,000.

(e) Approval of the Flex Ltd. 2017 Equity Incentive Plan On August 15, 2017, Flex Ltd. (the “Company” or “Flex”) held its 2017 Annual General Meeting of Shareholders (“Annual Meeting”). At the Annual Meeting, the Company’s shareholders approved the adoption of the Company’s 2017 Equity Incentive Plan (the “2017 Plan”). The 2017 Plan authorizes the Company to provide equity-based compensation to employees, non-employee directors and consultants of the Company (and employees, non-employee directors and consultants of the Company’s subsidiaries and certain of its affiliates), in the form of: (i) stock options, (ii) restricted share units, (iii) share appreciation rights, (iv) performance share awards and performance share units, and (v) other share-based awards that are not inconsistent with the terms of the 2017 Plan.

(e) Executive Compensation Annual Incentive Bonus Plan for Fiscal 2018 On June 29, 2017, the Board of Directors (the “Board”) of Flex Ltd. (the “Company”) approved the Company’s Annual Incentive Bonus Plan for fiscal year 2018. The plan provides its executive officers with the opportunity to earn annual cash bonuses based upon the achievement of pre-established performance goals. Total bonus opportunities will be based on achievement of annual targets. The plan provides for 50% of the bonus to be based on the achievement of quarterly objectives and 50% to be based on the achievement of annual objectives.

(b) On June 29, 2017, H. Raymond Bingham, Chairman of the Board of Directors of the Company tendered his resignation from the Company’s Board of Directors, effective immediately. Mr. Bingham’s resignation is not the result of any disagreement with the policies, practices or procedures of the Company. Also on June 29, 2017, the Board of Directors of the Company elected Michael D. Capellas, an independent director, as Chairman of the Board.

(b) On June 20, 2016, Jonathan S. Hoak notified Flextronics International Ltd. (the “Company”), that he intends to retire from his current role of Executive Vice President and General Counsel of the Company effective June 30, 2016. Effective July 1, 2016, Mr. Hoak has agreed to provide transitional services through June 30, 2017 (the “Separation Date”). In anticipation of such transitional services, Flextronics International USA, Inc., a subsidiary of the Company, and Mr. Hoak entered into a Separation Agreement and Release (the “Agreement”). Pursuant to the Agreement, and in consideration for a general release, Mr. Hoak will receive the following from the Company: (1) a payment of Mr.

(e) Executive Compensation Annual Incentive Bonus Plan for Fiscal 2017 On June 14, 2016, the Board of Directors (the “Board”) of Flextronics International Ltd. (the “Company”) approved the Company’s Annual Incentive Bonus Plan for fiscal year 2017. The plan provides its executive officers with the opportunity to earn annual cash bonuses based upon the achievement of pre-established performance goals. Total bonus opportunities will be based on achievement of annual targets. The plan provides for 50% of the bonus to be based on the achievement of quarterly objectives and 50% to be based on the achievement of annual objectives.