---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026750"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:55:24.511284+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Methode amends change-in-control agreements; CEO gets 3x target bonus, NEOs get 2x

## Summary
- CEO Duda's termination payout now includes lump sum equal to 3x target annual bonus; previously lesser of target or prior year actual.
- CFO Tsoumas, COO Khoury, and CAO Barry receive 2x target bonus in change-in-control termination; prior formula used lesser amount.
- Amendments effective Dec 14, 2022; approved by Compensation Committee after annual review with independent consultant.
- No other provisions of change-in-control agreements were modified; form amendments filed as Exhibits 10.1 and 10.2.

## SEC filing metadata
- accession: 0000950170-22-026750
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000095017022026750/0000950170-22-026750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017022026750/mei-20221214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026750
- JSON: https://secwatch.observer/filing/0000950170-22-026750.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026750.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.