Benchmark Electronics Appoints Interim CFO, CEO Employment Agreement
Ticker: BHE · Form: 8-K · Filed: Oct 7, 2024 · CIK: 863436
| Field | Detail |
|---|---|
| Company | Benchmark Electronics Inc (BHE) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $535,000, $50,000, $1,400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, employment-agreement
TL;DR
Benchmark names new interim CFO, confirms CEO's contract.
AI Summary
Benchmark Electronics, Inc. announced on October 7, 2024, the appointment of Paul T. T. T. McNamara as interim Chief Financial Officer, effective immediately. McNamara previously served as the company's Chief Accounting Officer. The company also disclosed that it has entered into a new employment agreement with its Chief Executive Officer, David L. Davidson.
Why It Matters
The appointment of an interim CFO and the confirmation of the CEO's employment agreement signal ongoing leadership transitions and stability within Benchmark Electronics.
Risk Assessment
Risk Level: low — The filing primarily concerns executive appointments and employment agreements, which are routine corporate events.
Key Players & Entities
- Benchmark Electronics, Inc. (company) — Registrant
- Paul T. T. T. McNamara (person) — Interim Chief Financial Officer
- David L. Davidson (person) — Chief Executive Officer
- October 07, 2024 (date) — Effective date of appointments and report
FAQ
Who has been appointed as the interim Chief Financial Officer?
Paul T. T. T. McNamara has been appointed as the interim Chief Financial Officer.
When was the appointment of the interim CFO effective?
The appointment was effective immediately as of October 7, 2024.
What was Paul T. T. T. McNamara's previous role at Benchmark Electronics?
Paul T. T. T. McNamara previously served as the company's Chief Accounting Officer.
Has the company entered into a new employment agreement with its CEO?
Yes, the company has entered into a new employment agreement with its Chief Executive Officer, David L. Davidson.
What is the exact date of this Form 8-K filing?
The Form 8-K was filed on October 7, 2024.
Filing Stats: 733 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-10-07 16:23:34
Key Financial Figures
- $0.10 — ch registered Common Stock, par value $0.10 per share BHE The New York Stock Ex
- $535,000 — clude the following: a base salary of $535,000 per year; a one-time sign-on cash pay
- $50,000 — r; a one-time sign-on cash payment of $50,000 which would be repaid pro rata if he le
- $1,400,000 — cluding an award with a target value of $1,400,000, comprised of 50% restricted stock unit
Filing Documents
- bhe-20241007.htm (8-K) — 44KB
- bhe-ex99_1.htm (EX-99.1) — 9KB
- 0000950170-24-113232.txt ( ) — 165KB
- bhe-20241007.xsd (EX-101.SCH) — 23KB
- bhe-20241007_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On October 7, 2024, the Company issued a press release announcing the appointment of Bryan Schumaker as CFO of the Company, effective immediately. The press release is incorporated herein by reference to Exhibit 99.1 filed herewith.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press release, dated October 7, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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 thereunto duly authorized. BENCHMARK ELECTRONICS, INC. Date: October 7, 2024 By: /s/ Stephen J. Beaver Stephen J. Beaver, Esq. Senior Vice President, General Counsel and Chief Legal Officer