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FLEX - Flex News Story

$18.15 -0.3  -1.4%

Last Trade - 13/04/21

Sector
Technology
Size
Large Cap
Market Cap £6.68bn
Enterprise Value £7.56bn
Revenue £16.99bn
Position in Universe 984th / 6841

BRIEF-Flex Says Board Agreed To Cut Ceo's Base Salary By 50% During First Two Quarters Of FY2021

Thu 2nd April, 2020 10:25pm
April 2 (Reuters) - Flex Ltd  FLEX.O :
    * FLEX LTD - ON MARCH 29, IN LIGHT OF UNCERTAINTY CREATED BY
EFFECTS OF COVID-19 PANDEMIC AND CO'S INITIATIVES TO REDUCE
OPERATING AND CORPORATE COSTS
    * FLEX LTD - REVATHIADVAITHI, CEO OF CO PROPOSED AND BOARD
AGREED
TO REDUCE HER BASE SALARY BY 50% DURING FIRST TWO QUARTERS OF FY
2021
    * FLEX LTD - CO'S OTHER NAMED EXECUTIVE OFFICERS PROPOSED,
BOARD
AGREED TO REDUCE THEIR BASE SALARIES BY 30% DURING FIRST TWO
QUARTERS OF FY 2021

Source text: (http://www.sec.gov/Archives/edgar/data/866374/000110465920042445/0001104659-20-042445-index.htm)
Further company coverage:  FLEX.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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