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): September 17, 2012
FLEXTRONICS INTERNATIONAL LTD.
(Exact Name of Registrant as Specified in Its Charter)
Singapore |
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0-23354 |
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Not Applicable |
(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer Identification No.) |
2 Changi South Lane, Singapore (Address of principal executive offices) |
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486123 |
Registrants telephone number, including area code: (65) 6890-7188
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On September 17, 2012, Flextronics International Ltd. (the Company) announced that its Board of Directors has approved a new share repurchase program. Repurchases under the Companys share repurchase plans are subject to an aggregate limit under Singapore law of 10% of the Companys outstanding ordinary shares as of the Companys Extraordinary General Meeting held on August 30, 2012. This new authorization permits the repurchase of ordinary shares up to the current maximum under the 10% limitation. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. Share repurchases, if any, will be made in the open market. The share repurchase program does not obligate the Company to repurchase a specific number of shares and may be suspended or terminated at any time without prior notice.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
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99.1 |
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Press release, dated September 17, 2012, issued by Flextronics International Ltd. |
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.
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FLEXTRONICS INTERNATIONAL LTD. | |
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Date: September 17, 2012 |
By: |
/s/ Paul Read | |
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Name: |
Paul Read |
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Title: |
Chief Financial Officer |
Exhibit 99.1
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2 Changi South Lane |
65.6299.8888 Main |
PRESS RELEASE
Renee Brotherton |
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Kevin Kessel |
Corporate Communications |
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Investor Relations |
(408) 576-7189 |
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(408) 576-7985 |
renee.brotherton@flextronics.com |
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kevin.kessel@flextronics.com |
FLEXTRONICS ANNOUNCES BOARD OF DIRECTORS AUTHORIZATION FOR
ADDITIONAL SHARE REPURCHASES
Singapore, September 17, 2012 Flextronics (NASDAQ: FLEX) today announced that its Board of Directors has authorized a share repurchase plan. Repurchases under the Companys share repurchase plans are subject to an aggregate limit under Singapore law of 10% of the Companys outstanding ordinary shares as of the Companys Extraordinary General Meeting held in August 2012. This new authorization permits the repurchase of ordinary shares up to the current maximum under the 10% limitation.
Share repurchases, if any, will be made in the open market. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time without prior notice.
About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical, energy and mobile OEMs. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit www.flextronics.com.
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