The latest update is out from Flex (FLEX).
Flex Ltd. has made significant changes to its executive compensation, with interim CFO Jaime Martinez granted $300,000 in restricted share units and an additional $50,000 monthly to his base salary. Meanwhile, President Hooi Tan received a salary bump from $700,000 to $735,000 due to his expanded role. Additionally, newly promoted Chief Commercial Officer Michael P. Hartung’s annual bonus target and long-term incentive award were increased, with a $500,000 rise in the value of his equity award, reflecting the company’s commitment to aligning executive rewards with their responsibilities and performance.
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