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Get filing alertsFlex names Amy Schwetz CFO and sets boards for Axiom spin-off
Filed September 15, 2026 · Period ending September 11, 2026 · ~1 min read
Key Changes
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Amy B. Schwetz joins Flex on Oct 5, 2026 as CFO of RMS and ITS segments, expected to become Flex CFO after the spin-off.
Item 8.01 verify on EDGAR → -
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Flex discloses expected post-separation boards: Revathi Advaithi chairs Flex and is expected CEO of Axiom; Michael Hartung expected CEO of Flex.
Item 8.01 verify on EDGAR → -
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Spin-off of cloud and power infrastructure business into Axiom Solutions International expected to complete in Q1 2027, subject to approvals.
Item 8.01 verify on EDGAR → -
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George R. Oliver and Mark Eubanks appointed independent directors effective Sept 24, 2026; Oliver stays on Flex board, Eubanks moves to Axiom after separation.
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New directors receive standard compensation: $90,000 annual cash plus $235,000 in annual RSUs, pro-rated for current year.
Item 5.02 verify on EDGAR →
Summary
Flex announced leadership and governance changes tied to its planned separation of the cloud and power infrastructure business into Axiom Solutions International. Amy B. Schwetz will join as CFO of two segments on October 5, 2026, and is expected to become Flex CFO after the spin-off.
The company also disclosed expected board compositions for both Flex and Axiom, with Revathi Advaithi chairing Flex and expected to lead Axiom, while Michael Hartung is expected to become Flex CEO. Two new independent directors, George R. Oliver and Mark Eubanks, join the Flex board effective September 24, 2026, with Eubanks transitioning to Axiom after separation.
The spin-off is expected to complete in the first quarter of calendar 2027, subject to board, shareholder, and regulatory approvals. For retail holders, this filing provides early visibility into the governance and leadership of both companies ahead of the separation, but no immediate financial impact is disclosed.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
the Board of Directors (the “Board”) of Flex Ltd. (the “Company” or “Flex”) appointed each of George R. Oliver and Mark Eubanks as a member of the Board, effective September 24, 2026. Each will join the Board as an independent director.
Flex adds two new independent directors to its Board. The filing states there are no arrangements or understandings regarding their appointments and no related-party transactions or affiliations with the Company.
Event · Item 8.01 — Other Events
Flex announces board composition for its planned cloud/power spin-off and names Amy B. Schwetz as future CFO.
Added in current filing · verify on EDGAR →
The Company announced the expected composition of the boards of directors of Flex and Axiom following the completion of the Spin-Off
Flex disclosed the expected board composition for both Flex and the new spin-off company, Axiom Solutions International, Inc., after the separation of its cloud and power infrastructure business. This gives investors early visibility into governance of both entities.
Added in current filing · verify on EDGAR →
into a new independent publicly traded company, Axiom Solutions International, Inc. (“Axiom”)
The cloud and power infrastructure business will become a new independent publicly traded company named Axiom Solutions International, Inc. This confirms the identity of the spin-off entity.
Event · Exhibit 99.1
Flex announces CFO appointment and post-separation board composition for Flex and Axiom.
Added in current filing · view on EDGAR →
Amy B. Schwetz will join the company as Chief Financial Officer (CFO) of its Regulated Manufacturing Services (RMS) and Integrated Technology Services (ITS) segments on October 5, 2026, and is expected to serve as Flex CFO following completion of the planned separation of its Cloud and Power Infrastructure segment.
Flex announced 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. This is a key leadership appointment tied to the company's restructuring.
Added in current filing · view on EDGAR →
Expected Flex Board Following the Separation •Revathi Advaithi, CEO of Flex; expected CEO of Axiom (Chair) •Michael Hartung, CCO of Flex; expected CEO of Flex •John D. Harris II, former CEO of Raytheon International, Inc. •Erin L. McSweeney, Chief People Officer of UnitedHealth Group •Lay Koon Tan, former CEO of STATS ChipPAC •Patrick J. Ward, former CFO of Cummins •George R. Oliver, former Chair and CEO of Johnson Controls •Brian Yoor, former CFO of Abbott Laboratories
The expected Flex board after the separation includes eight directors, with Revathi Advaithi as Chair and Michael Hartung as expected CEO of Flex. Four new directors are being added: George R. Oliver and Brian Yoor to Flex, and Mark Eubanks and David Johnson to Axiom.
Added in current filing · view on EDGAR →
Expected Axiom Board Following the Separation •William D. Watkins, former CEO of Seagate Technology (Chair) •Revathi Advaithi, CEO of Flex (expected CEO of Axiom) •Michael E. Hurlston, CEO of Lumentum •Charles K. Stevens III, former CFO of General Motors •Maryrose Sylvester, former U.S. Managing Director and U.S. Head of Electrification of ABB •Mark Eubanks, CEO of Brink's •David Johnson, CFO of Corteva, Inc.
The expected Axiom board after the separation includes seven directors, with William D. Watkins as Chair and Revathi Advaithi as expected CEO of Axiom. Mark Eubanks and David Johnson are new director appointees to Axiom.
Added in current filing · view on EDGAR →
The planned separation is expected to be completed in the first quarter of calendar 2027, subject to customary conditions, including among other things, final approval by the Flex Board of Directors, the effectiveness of the Form 10 registration statement (Form 10) filed with the U.S. Securities and Exchange Commission (SEC) and Flex shareholder and Singapore High Court approval.
The separation is expected to complete in Q1 2027, pending board approval, SEC effectiveness of the Form 10, and shareholder and Singapore High Court approvals. This provides a timeline and key milestones for the spin-off.
Added in current filing · view on EDGAR →
George R. Oliver and Mark Eubanks will join the Flex Board, effective September 24, 2026. Following completion of the separation, Oliver will continue serving on the Flex Board and Eubanks will transition to the Axiom Board. Brian Yoor and David Johnson are expected to join the Flex and Axiom boards, respectively, upon completion of the separation.
Two new directors join the Flex board on September 24, 2026, with one transitioning to Axiom after separation. Two additional directors are expected to join upon separation completion. This shows the board is being staffed ahead of the spin-off.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 16, 2026 · How we verify