Flex 就分拆 Axiom Solutions 对 Amazon 认股权证做技术性反稀释修订，无新增经营信息

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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):
October 9, 2026
FLEX LTD.
(Exact Name of Registrant as Specified in
Its Charter)
Singapore
0-23354
98-1773351
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
12515-8 Research Blvd
,
Suite 300
,
Austin
,
Texas
78759
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code:
(
512
)
425-7929
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:
¨
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
x
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Ordinary Shares, No Par Value
FLEX
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 3.02
Unregistered Sales of Equity Securities.
On
October 9, 2026, Flex Ltd. (the “Company” or “Flex”) and Amazon.com NV Investment Holdings LLC (the “Warrantholder”)
and Amazon.com Services LLC (the “Assignee”), wholly-owned subsidiaries of Amazon.com, Inc. (the “Parent”),
entered into an amendment (the “Warrant Amendment”) to that certain Warrant to Purchase Ordinary Shares (the “Existing
Warrant” and, as amended by the Warrant Amendment, the “Amended Warrant”), dated August 15, 2025,
to purchase
up to an aggregate of 3,859,851 ordinary shares of the Company (the “Warrant Shares”) at an exercise price of $51.29 per share.
The Existing Warrant was issued pursuant to a Transaction Agreement, dated as of August 15, 2025 (the “Transaction Agreement”)
between the Company and the Parent.
The
terms of the Warrant, subject to the Warrant Amendment described in this Report, are summarized in the Company’s Current Report
on Form 8-K filed with the Securities and Exchange Commission on
August 18, 2025
, which description is hereby incorporated by
reference.
Pursuant
to the Warrant Amendment, Section 8(iii) of the Existing Warrant is amended in connection with the Company’s planned separation
of its cloud and power infrastructure business into a new publicly traded company, Axiom Solutions International, Inc. (“Spinco”)
and the pro rata distribution of between approximately 88.0% and 94.0% of the outstanding shares of Spinco common stock to Flex shareholders
(the “Distribution”). Subject to the terms of the Amended Warrant, in lieu of the Warrantholder participating in the Distribution
via the receipt of Spinco common stock, the Company shall cause Spinco to issue to the Assignee, in connection with and concurrent with
the Distribution, a fully vested warrant to purchase a number of shares of Spinco common stock at an exercise price of $0.01 per share
(the “Spinco Warrant”). The number of shares of Spinco common stock subject to the Spinco Warrant will be determined based
on the intrinsic value of the Warrant prior to the Distribution
.
The
Warrant Amendment also provides for the transfer and assignment to the Assignee of all of the Warrantholder’s right, title and interest
in and to the Existing Warrant.
The
Warrant Amendment may be deemed to involve the cancellation of the Existing Warrant and the issuance of the Amended Warrant. The issuance
of the Amended Warrant and the Warrant Shares have not been registered under the Securities Act of 1933, as amended (the “Securities
Act”) or under any state securities law. The Company believes that the transaction is exempt from registration under Section 4(a)(2) of
the Securities Act, and customary legends will be affixed to the Amended Warrant and the Warrant Shares.
The
foregoing summary does not purport to be complete and is qualified in its entirety by reference to the complete terms of the Existing
Warrant and the Transaction Agreement, which are incorporated as Exhibits 4.1 and 10.1 to this Current Report on Form 8-K, and the
Warrant Amendment, which is filed as Exhibit 4.2 to this Current Report on Form 8-K, each of which is incorporated herein by
reference.
2
Cautionary Statement Regarding Forward-Looking Statements
This communication contains
forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,”
“plan,” “project,” “will,” and similar expressions identify forward-looking statements. These forward-looking
statements include, without limitation, statements regarding the planned spin-off of Flex’s cloud and power infrastructure business
into an independent, publicly traded company; the expected timing of the spin-off and the ability to complete the spin-off; the anticipated
benefits of the spin-off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected
tax-free treatment of the spin-off for U.S. federal income tax purposes; the expected future performance of each company following completion
of the spin-off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market
position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions
involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking
statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Risks and uncertainties related
to the proposed spin-off include, but are not limited to: uncertainties as to whether the spin-off will be completed and the timing thereof;
the possibility that various conditions to the completion of the spin-off may not be satisfied or waived; the possibility that the spin-off
will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the spin-off may be more difficult,
time-consuming, or costly than expected, including the impact on Flex’s resources, systems, procedures, and controls; the possibility
that the strategic, operational, and financial benefits of the spin-off may not be achieved or may take longer to achieve than expected;
the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the spin-off; disruption
from the spin-off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners;
competitive responses to the announcement or completion of the spin-off; diversion of management’s attention from ongoing business
operations; the possibility of disputes, litigation, or unanticipated costs in connection with the spin-off; uncertainty regarding the
financial performance of either company following the spin-off; negative effects of the announcement or pendency of the spin-off on the
market price of Flex’s securities and/or on Flex’s financial performance; the ability to achieve anticipated capital structures,
credit ratings, and financing in connection with the spin-off; the ability to retain key personnel; impacts of geopolitical conflicts;
and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to Flex’s
business is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in Flex’s most recent Annual Report on Form 10-K and in Flex’s subsequent filings with the
U.S. Securities and Exchange Commission (the “SEC”). All forward-looking statements are made as of the date hereof, and Flex
assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise,
except as required by applicable law.
3
Important Information and Where to Find It
In connection with the proposed spin-off, Flex
has filed relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A on October 5, 2026.
The proxy statement has been mailed or otherwise disseminated to shareholders of Flex seeking their approval of the spin-off-related proposals.
In addition, a registration statement on Form 10 (the “Form 10”) has been filed with the SEC by Spinco with respect
to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be
filed with the SEC by Flex or Spinco. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER
RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED BY EACH OF FLEX AND SPINCO WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF
(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION
ABOUT FLEX, SPINCO, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors are able to obtain free copies of the proxy statement and Form 10
and other relevant documents (when they become available) that have been or will be filed by each of Flex and Spinco with the SEC on the
SEC’s website at http://www.sec.gov. Investors also are able to obtain free copies of the proxy statement and other relevant documents
filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
4.1
Warrant to Purchase Ordinary Shares, dated August 15, 2025 (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on August 18, 2025) (SEC File No. 000-23354)
4.2
Amendment to Warrant to Purchase Ordinary Shares, dated October 9, 2026
10.1
Transaction Agreement, dated
as of August 15, 2025 by and between Flex Ltd. and Amazon.com, Inc.
(incorporated
by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on August 18,
2025) (SEC File No. 000-23354)*
104
Cover Page Interactive Data File (formatted as Inline XBRL)
*
Portions of this document have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.
4
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.
Flex Ltd.
Date:
October 13, 2026
By:
/s/ Kevin Krumm
Name:
Kevin Krumm
Title:
Chief Financial Officer
5

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EX-4.2
2
tm2627474d1_ex4-2.htm
EXHIBIT 4.2
Exhibit 4.2
Execution Version
AMENDMENT TO THE WARRANT TO PURCHASE ORDINARY
SHARES
This amendment (this “
Amendment
”)
is entered into as of October 9, 2026 (the “
Effective Date
”), by and among Amazon.com NV Investment Holdings
LLC (the “
Warrantholder
”), Amazon.com Services LLC (the “
Assignee
”), and Flex Ltd., a public company
limited by shares incorporated under the laws of Singapore (the “
Company
”, together with the Warrantholder and the
Assignee, the “
Parties
”), for the purpose of amending the Warrant to Purchase Ordinary Shares (the “
Warrant
”),
dated as of August 15, 2025, by and between the Company and the Warrantholder.
RECITALS
WHEREAS, the Company intends
to distribute to holders of its Ordinary Shares, on a pro rata basis, between approximately 88.0% and 94.0% of the then issued and outstanding
shares of common stock of Axiom Solutions International, Inc., a Texas corporation (“
SpinCo
”) (the “
Spin-Off
Distribution
”), which constitutes a Distribution for purposes of Section 8(iii) of the Warrant; and
WHEREAS, the Parties desire
to amend the terms of the Warrant to the limited extent set forth in this Amendment.
NOW THEREFORE, in accordance
with the terms and conditions set forth in this Amendment, the Parties agree as follows:
1.
Unless expressly modified by the terms
of this Amendment, the terms of the Warrant shall continue to apply and remain in full force
and effect. Capitalized terms not expressly defined herein shall have the meanings ascribed
to them in the Warrant.
2.
Amendment to the Warrant
. Effective
as of the Effective Date, the Warrant shall be amended as follows:
a. The following is hereby added at
the end of Section 8(iii):
“Notwithstanding the foregoing,
with respect to the Spin-Off Distribution (as defined in the Amendment to this Warrant, dated as of October 9, 2026 (the “Amendment”)),
in lieu of participating in such Spin-Off Distribution as though the Warrantholder were the holder of all Warrant Shares, the Company
shall cause SpinCo (as defined in the Amendment) to issue to the Assignee (as defined in the Amendment), in connection with and concurrent
with such Spin-Off Distribution, a fully vested warrant in the form shared between the parties (the “
SpinCo Warrant
”),
exercisable at any time on or before the tenth (10th) anniversary of the date of issuance thereof, for cash or on a cashless exercise
basis, at an exercise price of $0.01 per share, for a number of shares of SpinCo common stock equal to the quotient of (a) the product
of (i) 3,859,851 and (ii) the difference of (A) the product of the Closing Price and the Distribution Ratio minus (B) $51.28,
divided by (b) the Closing Price, where the “Closing Price” is the closing price per share of SpinCo common stock on
a “when issued basis” on the Trading Day immediately preceding the Spin-Off Distribution (and notwithstanding any other provision
of the Warrant, such Closing Price shall be used for purposes of the reduction of the exercise price in connection with the Spin-Off
Distribution); provided that if the difference calculated under subclause (ii) hereof is zero or a negative number, no SpinCo Warrant
shall be issuable. The issuance of the SpinCo Warrant shall satisfy in full the Warrantholder’s right to participate in the Spin-Off
Distribution under this
Section 8(iii)
, and no Ordinary Shares or shares of SpinCo common stock shall be issuable to the
Warrantholder in respect of the Spin-Off Distribution. For purposes of this
Section 8(iii)
, “Distribution Ratio”
means the quotient that is equal to the number of shares of SpinCo common stock distributed in the Spin-Off Distribution for each Ordinary
Share.”
3.
Assignment of the Warrant
. Effective
as of the Effective Date, the Warrantholder hereby Transfers and assigns to the Assignee
all of the Warrantholder’s right, title, and interest in and to the Warrant, and the
Assignee hereby accepts such Transfer and assumes all of the obligations of the Warrantholder
under the Warrant. The Parties acknowledge and agree that such Transfer constitutes a Permitted
Transfer in accordance with
Section 4.4(a)
of the Transaction Agreement.
The Company consents to such Transfer and shall, or shall cause its transfer agent to, promptly
record such Transfer on the books of the Company and reflect the Assignee as the registered
holder of the Warrant in book-entry form in accordance with
Section 2(vi)
and
Section 7
of the Warrant. From and after the Effective Date, each reference in
the Warrant and in this Amendment to the “Warrantholder” shall be deemed to refer
to the Assignee.
4.
Condition to Issuance
. It shall
be a condition to the issuance of the SpinCo Warrant that the Mutual Nondisclosure Agreement,
by and between Amazon.com, Inc. and SpinCo, shall have been duly executed and be in
full force and effect no later than concurrently with such issuance. If the SpinCo Warrant
is not issued concurrently with the Spin-Off Distribution, the Warrantholder's right to participate
in the Spin-Off Distribution under
Section 8(iii)
of the Warrant shall remain
in full force and effect and shall not be deemed satisfied or waived.
5.
Tax Treatment
. The Parties acknowledge
that the Company intends the Spin-Off Distribution to qualify as a distribution to which
Section 355(a) of the Internal Revenue Code of 1986, as amended (the “
Code
”),
applies, and agree as follows for U.S. federal, state, and local tax purposes:
a. If, in connection with the Spin-Off
Distribution, the Exercise Price is reduced to $0.01 per Warrant Share, then (i) the Warrantholder shall be treated as having exchanged
the Warrant, immediately before the Spin-Off Distribution, for the Warrant as so adjusted in a recapitalization within the meaning of
Section 368(a)(1)(E) of the Code in which no gain or loss is recognized by the Warrantholder, (ii) the Warrant, as so
adjusted, shall be treated as stock of the Company (and not as a right to acquire stock of the Company) from and after such exchange,
and (iii) such reduction shall not be treated as resulting in a deemed distribution to the Warrantholder under Section 305
of the Code. This Amendment is intended to constitute a plan of reorganization within the meaning of Treasury Regulations Section 1.368-2(g) with
respect to such recapitalization.
b. Any other reduction of the Exercise
Price in connection with the Spin-Off Distribution shall be treated as an adjustment made pursuant to a bona fide, reasonable adjustment
formula having the effect of preventing dilution of the Warrantholder’s interest, within the meaning of Treasury Regulations Section 1.305-7(b),
and shall not be treated as resulting in a deemed distribution to the Warrantholder under Section 305 of the Code.
c. The SpinCo Warrant shall be treated
as stock of SpinCo (and not as a right to acquire stock of SpinCo). The SpinCo Warrant shall be treated as having been issued by SpinCo
to the Company and distributed by the Company to the Warrantholder in the Spin-Off Distribution, and the Warrantholder’s receipt
of the SpinCo Warrant shall be treated as a distribution of stock of SpinCo with respect to stock of the Company to which Section 355(a) of
the Code applies and in which no gain or loss is recognized by the Warrantholder.
d. No Party shall take any position
for tax purposes that is inconsistent with this Section 5, unless required by a determination within the meaning of Section 1313(a) of
the Code. The Company shall cause the SpinCo Warrant, as issued, to provide for tax treatment consistent with this Section 5.
6.
Miscellaneous
. Sections 10 (
Governing
Law and Jurisdiction
), 11 (
Binding Effect
), 12 (
Amendments
), 13 (
Notices
),
14 (
Entire Agreement
), and 18 (
Interpretation
) of the Warrant, and Sections
8.4 (
Counterparts
) and 8.9 (
Severability
) of the Transaction Agreement, are
incorporated herein by reference and apply to this Amendment mutatis mutandis.
[Remainder of page intentionally left
blank]
IN WITNESS WHEREOF, the Parties
have caused this Amendment to be executed as of the Effective Date.
COMPANY:
FLEX LTD.
By:
/s/ B Vijayandran S Balasingam
Name:
B Vijayandran S Balasingam
Title:
Authorized Signatory
ACKNOWLEDGED AND AGREED:
AMAZON.COM NV INVESTMENT HOLDINGS LLC
By:
/s/ Michael Phillips
Name:
Michael Phillips
Title:
Authorized Signatory
ASSIGNEE:
AMAZON.COM SERVICES LLC
By:
/s/ Michael Phillips
Name:
Michael Phillips
Title:
Authorized Signatory
[Signature Page to Warrant Amendment]