Disclaimer: Links on this page pointing to Amazon, eBay and other sites may include affiliate code. If you click them and make a purchase, we may earn a small commission.
Pretty sure that is correct.I cut mine also. I think I read the Flex or something had the holes pre-cut? The same shield just with the holes.
I can confirm, I replaced my broken one with the Flex and the holes are cut, it's currently sitting in my garage... not on the car. I might get it on there someday.I cut mine also. I think I read the Flex or something had the holes pre-cut? The same shield just with the holes.

Every time I took my SHO to my local Ford dealer for an oil change, they forget to secure one of the fasteners that hold the lower shield in place and it will flop around until it hits something and breaks. I went back to the service dept and complained and they blew me off. So now I do my own oil changes, and if it has to go to a dealer, I it to another dealer that actually has some very good service techs. I was told that the shield needed to be in place, because it is a part of the air management system and removing it could lead to overheating.
I got this for both my 2010 PP and 2011 SHO's.....has the openings in them and a scoop to push air onto the PTU. https://www.ebay.com/itm/372318900876