Compensation Arrangement between Flextronics International Ltd. and Michael McNamara and Thomas J. SmachCompensation Arrangement • December 23rd, 2005 • Flextronics International LTD • Printed circuit boards
On December 22, 2005, the Company’s Compensation Committee approved the annual base salaries of two of the Company’s executive officers after a review of performance and competitive market data. Michael McNamara, who has been appointed to serve as the Company’s Chief Executive Officer effective January 1, 2006, will receive a base salary of $1,000,000 beginning January 1, 2006. Thomas J. Smach, the Company’s Chief Financial Officer, will receive a base salary of $650,000 beginning January 1, 2006.
