---
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"
generated_at: "2026-06-02T21:14:12.415910+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode CEO Avi Avula resigns effective immediately; AlixPartners partner named interim CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-053787
- JSON: https://secwatch.observer/filing/0000950170-24-053787.json
- Plain text: https://secwatch.observer/filing/0000950170-24-053787.txt

## Key facts
- Executive change
  Kevin Nystrom was appointed as Interim Chief Executive Officer at METHODE ELECTRONICS INC.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: the Company has arranged for Kevin Nystrom to serve as the Company’s interim Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024053787/0000950170-24-053787-index.htm
- Executive change
  Avi Avula resigned as Chief Executive Officer at METHODE ELECTRONICS INC.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024053787/0000950170-24-053787-index.htm

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