---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-042613"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:36:17.425491+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics CFO Ronald Tsoumas to retire July 12, 2024; interim CFO planned

## Summary
- CFO Ronald Tsoumas to retire effective July 12, 2024; search for permanent successor underway with executive search firm.
- Company intends to appoint David Rawden of AlixPartners as interim CFO until a permanent successor is hired.
- CEO Avi Avula entered a severance agreement providing 2x base salary plus target bonus on termination without cause.
- Avula's relocation reimbursement cap increased from $200,000 to $400,000 under amended offer letter.
- Tsoumas will receive $12,000/month consulting fee for 6 months post-retirement to assist transition; equity awards pro-rated.

## SEC filing metadata
- accession: 0000950170-24-042613
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000095017024042613/0000950170-24-042613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017024042613/mei-20240408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-042613
- JSON: https://secwatch.observer/filing/0000950170-24-042613.json
- Plain text: https://secwatch.observer/filing/0000950170-24-042613.txt

## Key facts
- Executive change
  David Rawden was appointed as Interim Chief Financial Officer at METHODE ELECTRONICS INC.
  - Action: announced the Board’s current intention to appoint
  - Role: Interim Chief Financial Officer
  source text: On April 8, 2024, the Company announced the Board’s current intention to appoint David Rawden of AlixPartners, a business advisory firm currently providing a variety of consulting services to the Company, to serve as the Company’s Interim Chief Financial Officer upon Mr. Tsoumas’ retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024042613/0000950170-24-042613-index.htm
- Executive change
  Ronald L.G. Tsoumas departed as Chief Financial Officer at METHODE ELECTRONICS INC.
  - Action: plans to retire
  - Role: Chief Financial Officer
  source text: On April 8, 2024, Methode Electronics, Inc. (the “Company”) announced that Ronald L.G. Tsoumas, its Chief Financial Officer, plans to retire effective July 12, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024042613/0000950170-24-042613-index.htm

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