{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-053787","form_type":"8-K","ticker":"MEI","cik":"0000065270","company_name":"METHODE ELECTRONICS INC","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.690902+00:00","generated_at":"2026-06-02T21:14:12.415910+00:00","sec_items":["5.02","7.01","8.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Methode CEO Avi Avula resigns effective immediately; AlixPartners partner named interim CEO","bullets":["CEO Avi Avula resigned immediately; interim CEO Kevin Nystrom appointed, an AlixPartners partner.","AlixPartners to receive additional $70,000/week consulting fee; total past payments ~$1.4M.","Board reduced to 10 members; Mark Schwabero named Vice Chairman to support transition.","Interim CFO David Rawden (also AlixPartners) to replace retiring CFO Ronald Tsoumas on July 12.","External search for permanent CEO under way with Spencer Stuart; former CEO Duda remains consultant."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-053787","json":"https://secwatch.observer/filing/0000950170-24-053787.json","markdown":"https://secwatch.observer/filing/0000950170-24-053787.md","text":"https://secwatch.observer/filing/0000950170-24-053787.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65270/000095017024053787/0000950170-24-053787-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65270/000095017024053787/mei-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:14:12.415910+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c74f24a91","claim":"Kevin Nystrom was appointed as Interim Chief Executive Officer at METHODE ELECTRONICS INC.","evidence_excerpt":"the Company has arranged for Kevin Nystrom to serve as the Company’s interim Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017024053787/0000950170-24-053787-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"a61cd56732","claim":"Avi Avula resigned as Chief Executive Officer at METHODE ELECTRONICS INC.","evidence_excerpt":"On May 1, 2024, Avi Avula, the Chief Executive Officer of Methode Electronics, Inc. (the “Company”), informed the Company’s Board of Directors of his decision to resign, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017024053787/0000950170-24-053787-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}