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): May 1, 2013
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On May 1, 2013, Paul Read, the Chief Financial Officer of Flextronics International Ltd. (the Company), decided to leave, effective as of May 3, 2013.
(c) and (e)
On May 1, 2013, the Company named Christopher Collier as Chief Financial Officer of the Company, effective May 3, 2013. Mr. Collier, age 44 and the Companys Principal Accounting Officer since May 1, 2007, has served as Senior Vice President, Finance since December 2004. Prior to his appointment as Senior Vice President, Finance in 2004, Mr. Collier served as Vice President, Finance and Corporate Controller since he joined the Company in April 2000. On May 1, 2013, the Board approved the following compensation arrangements for Mr. Collier:
· an annual base salary for Mr. Collier of $550,000, effective May 3, 2013;
· participation in the Companys annual incentive bonus plan and eligibility for a bonus of up to 100% of base salary;
· a grant of performance-based and service-based restricted share units will be determined in May by the Companys Compensation Committee.
On May 3, 2013, the Company issued a press release announcing the appointment of Mr. Collier. The entire text of the press release is attached as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 |
Press release, dated May 3, 2013, 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: May 3, 2013 |
By: |
/s/ Jonathan S. Hoak |
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Name: |
Jonathan S. Hoak |
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Title: |
Executive Vice President and General Counsel |
Exhibit 99.1
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2 Changi South Lane Singapore 486123
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65.6299.8888 Main www.flextronics.com |
P R E S S R E L E A S E |
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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 DEPARTURE OF CHIEF FINANCIAL OFFICER
Christopher Collier, executive officer of the Company and Finance veteran, appointed CFO
Singapore, May 3, 2013 Flextronics (NASDAQ: FLEX) announced that effective today, Paul Read, chief financial officer, has decided to leave the Company to pursue new opportunities, but will remain available for any necessary transitional activities through the end of the current quarter. Christopher Collier, who has served as an officer of the Company since 2005, and chief accounting officer since 2007, has been appointed chief financial officer effective immediately.
Mike McNamara, CEO of Flextronics said, Paul has been a strong leader and valued contributor to Flextronics throughout his tenure here. I would like to personally thank him for his many years of service and the significant and positive impact he has had on the business. I, and the entire Flextronics team, appreciate his dedication and unquestioned integrity and wish him all the best in the future.
McNamara added, Chris has been an instrumental leader in the company since 2000 and has been groomed for this position for many years. He has a long standing successful track record in leading the Accounting, Mergers and Acquisitions, and Corporate Finance functions for the Company. His strong financial acumen, exceptional leadership and sharp strategic insight make Chris the natural successor for this role.
About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading end-to-end supply chain solutions company that delivers design, engineering, manufacturing and logistics services to a range of industries and end-markets, including data networking, telecom, enterprise computing and storage, industrial, capital equipment, appliances, automation, medical, automotive, aerospace and defense, energy, mobile, computing and other electronic product categories. Flextronics is an industry leader with $24 billion in sales, generated from helping its customers design, build, ship, and service their products through an unparalleled network of facilities in more than 30 countries and across four continents. Flextronics service offerings and vertically integrated component technologies optimize customer supply chains by lowering costs, increasing flexibility, and reducing time-to-market. For more information, visit www.flextronics.com or follow us on Twitter @flextronics.