secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0000950170-23-071564
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Methode Electronics appoints Avi Avula as new CEO effective January 29, 2024
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- Avi Avula, former DuPont E&I VP Strategy, named President and CEO starting January 29, 2024.
- Avula's compensation: $800k base salary, $3.125M RSU grant, sign-on bonuses up to ~$1.216M.
- Outgoing CEO Donald Duda will assist transition for 3 months then serve as strategic consultant for 9 months.
- Avula also appointed to Board of Directors, replacing Duda.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000095017023071564/0000950170-23-071564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000095017023071564/mei-20231218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-071564

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer