Flex announced Axiom Solutions International Inc. as the name of its planned independent cloud and power infrastructure company and filed a preliminary Form 10 registration statement with the U.S. Securities and Exchange Commission. Following the planned spin-off, Axiom is expected to trade on Nasdaq under the ticker AXM, with Flex targeting completion in the first quarter of 2027. The transaction remains subject to final board approval, effectiveness of the Form 10, shareholder approval and Singapore High Court approval. Axiom will combine power, thermal management and computing systems aimed at growing artificial intelligence and data-center infrastructure demand. Flex also said Amy B. Schwetz will join on Oct. 5 as chief financial officer of its Regulated Manufacturing Services and Integrated Technology Services segments and is expected to become Flex's CFO after the separation. The companies' expected boards include George R. Oliver and Brian Yoor at Flex, and Mark Eubanks and David Johnson at Axiom. Flex shares were down 0.13% at $108.18 at the time of publication Tuesday, according to Benzinga Pro data. The stock remained 11.9% above its 200-day simple moving average, but traded below its 20-day and 50-day averages, reflecting near-term weakness despite a constructive longer-term trend.