Methode Electronics Names New Directors, Adjusts Executive Pay
Ticker: MEI · Form: 8-K · Filed: Jul 29, 2024 · CIK: 65270
| Field | Detail |
|---|---|
| Company | Methode Electronics Inc (MEI) |
| Form Type | 8-K |
| Filed Date | Jul 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: MEI
TL;DR
Methode Electronics adds 2 directors, revises exec pay. Board shakeup incoming.
AI Summary
On July 25, 2024, Methode Electronics, Inc. announced changes to its board of directors and executive compensation. The company elected two new directors, David M. Johnson and Michael J. S. Smith, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including compensation arrangements.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal strategic shifts or responses to performance, which carry inherent risks.
Key Players & Entities
- Methode Electronics, Inc. (company) — Registrant
- David M. Johnson (person) — Newly Elected Director
- Michael J. S. Smith (person) — Newly Elected Director
- July 25, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to Methode Electronics' board?
David M. Johnson and Michael J. S. Smith were elected as new directors to Methode Electronics' board.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on July 25, 2024.
What specific items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Methode Electronics, Inc.'s principal executive office address?
Methode Electronics, Inc.'s principal executive office is located at 8750 West Bryn Mawr Avenue, Chicago, Illinois 60631-3518.
What is the company's telephone number?
The company's telephone number, including area code, is (708) 867-6777.
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-07-29 16:45:08
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 Par Value MEI New York Stock Exchan
Filing Documents
- mei-20240725.htm (8-K) — 36KB
- 0000950170-24-087333.txt ( ) — 143KB
- mei-20240725.xsd (EX-101.SCH) — 23KB
- mei-20240725_htm.xml (XML) — 4KB
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. Methode Electronics, Inc. Date: July 29, 2024 By: /s/ David Rawden David Rawden Interim Chief Financial Officer