# EDGAR Filing Document

**Accession Number:** 0000866374
**File Stem:** 0000866374-23-000016
**Filing Date:** 2023-2
**Character Count:** 10447
**Document Hash:** b395be21485896177489ce9ec98be531
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000866374-23-000016.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0000866374-23-000016

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLEX LTD.
- **CENTRAL INDEX KEY:** 0000866374
- **STANDARD INDUSTRIAL CLASSIFICATION:** PRINTED CIRCUIT BOARDS [3672]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** U0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-23354
- **FILM NUMBER:** 23608316

**BUSINESS ADDRESS:**
- **STREET 1:** 2 CHANGI SOUTH LANE
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 486123
- **BUSINESS PHONE:** (65) 6876-9899

**MAIL ADDRESS:**
- **STREET 1:** 2 CHANGI SOUTH LANE
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 486123

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLEXTRONICS INTERNATIONAL LTD.
- **DATE OF NAME CHANGE:** 20060608

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLEXTRONICS INTERNATIONAL LTD
- **DATE OF NAME CHANGE:** 19940318

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLEX HOLDINGS PTE LTD
- **DATE OF NAME CHANGE:** 19940201

?xml version="1.0" ? flex-20230209

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of** 

**the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **February 9, 2023** 

**FLEX LTD.** 

(Exact Name of Registrant as Specified in Its Charter)

---

| | | |
|:---|:---|:---|
| **Singapore** | **0-23354** | **Not Applicable** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| **2 Changi South Lane, Singapore** | **2 Changi South Lane, Singapore** | **486123** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(65) 6876-9899** 

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

**☐** Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

**☐** Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

**☐** Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

**☐** Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Ordinary Shares, No Par Value** | **FLEX** | **The Nasdaq Stock Market LLC** |

---

---

| | | |
|:---|:---|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |
| | Emerging growth company | **☐** |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | **☐** |

---

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**Item 8.01 Other Events.**

On February 9, 2023, Flex Ltd. (the "Company") announced that in connection with its previously announced upsized initial public offering of its subsidiary, Nextracker Inc. ("Nextracker") of 26,600,000 shares of its Class A common stock ("Common Stock"), the underwriters have exercised in full their option to purchase 3,990,000 additional shares of Common Stock at the public offering price of $24.00 per share, less underwriting discounts and commissions. The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters' exercise of the overallotment option, are expected to be approximately $693.8 million. The net proceeds from this offering will be used to purchase 30,590,000 LLC common units from a subsidiary of the Company. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits**

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>**  | |
| <u>[99.1](flex-8xkexh991pr02102023pa.htm)</u> | <u>[Press release, dated February](flex-8xkexh991pr02102023pa.htm)[9](flex-8xkexh991pr02102023pa.htm)[, 2023, issued by Flex Ltd.](flex-8xkexh991pr02102023pa.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | **FLEX LTD.** | **FLEX LTD.** |
| Date: February 9, 2023 |  |  |  |
|  | By: | /s/ Paul R. Lundstrom | /s/ Paul R. Lundstrom |
|  |  | Name:<br>Title: | Paul R. Lundstrom<br>Chief Financial Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

![image.jpg](image.jpg)

**PRESS RELEASE**

**Nextracker Announces Full Exercise of Underwriters' Option to Purchase** 

**Additional Shares in Upsized Initial Public Offering**

**SAN JOSE, Calif., February 9, 2023** /PRNewswire/ – Flex Ltd. (NASDAQ: FLEX) announced today that in connection with its previously announced upsized initial public offering of its subsidiary, Nextracker Inc. ("Nextracker") of 26,600,000 shares of its Class A common stock (the "Common Stock"), the underwriters have exercised in full their option to purchase 3,990,000 additional shares of Common Stock at the public offering price of $24.00 per share less underwriting discounts and commissions.

The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters' exercise of the overallotment option, are expected to be approximately $693.8 million. The net proceeds from this offering will be used to purchase 30,590,000 LLC Common Units from a subsidiary of Nextracker's parent company, Flex Ltd.

J.P. Morgan, BofA Securities, Citigroup, and Barclays are acting as joint lead book-running managers for the offering. Truist Securities, HSBC, BNP PARIBAS, Mizuho, Scotiabank, and KeyBanc Capital Markets are acting as joint book-running managers for the offering. SMBC Nikko, BTIG, UniCredit, Roth Capital Partners, and Craig-Hallum are acting as co-managers for the offering. PJT Partners is serving as independent financial advisor to Flex Ltd. in the offering.

The offering will be made only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: the U.S. Securities and Exchange Commission (the "SEC") at www.sec.gov; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at prospectus-eq_fi@jpmchase.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, by email at dg.prospectus_requests@bofa.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at barclaysprospectus@broadridge.com.

A registration statement relating to these securities has been filed with, and declared effective by, the SEC on February 8, 2023. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

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**About Flex**

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

**About Nextracker**

Nextracker is the leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar power plants around the world. Our products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance.

**Flex Contacts**

<u>Investors & Analysts</u>

David A. Rubin

Vice President, Investor Relations

David.Rubin@flex.com

<u>Media & Press</u>

Mark Plungy

Director, Corporate Public Relations

Mark.Plungy@flex.com

**Nextracker Contacts**

<u>Investors & Analysts</u>

Don Quinby

Director, Finance

DQuinby@nextracker.com

<u>Media & Press</u>

Kristan Kirsh

Vice President, Global Marketing

KKirsh@nextracker.com

<br>