---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-077322"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:20:32.870586+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics appoints Jon DeGaynor as CEO effective July 15, 2024

## Summary
- Jon DeGaynor, former Stoneridge CEO, appointed President and CEO; replaces interim CEO Kevin Nystrom.
- Compensation includes $1M base salary, 125% target bonus, $4M annual equity award (40% time-vested RSUs, 60% TSR-based PSUs), and $500K sign-on RSU.
- Q4 fiscal 2024 results to be released before market open on July 11, 2024.
- Board increased to 11 members; DeGaynor appointed to fill the vacancy.

## SEC filing metadata
- accession: 0000950170-24-077322
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/0000950170-24-077322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/mei-20240624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-077322
- JSON: https://secwatch.observer/filing/0000950170-24-077322.json
- Plain text: https://secwatch.observer/filing/0000950170-24-077322.txt

## Key facts
- Executive change
  Jon DeGaynor was appointed as Director at METHODE ELECTRONICS INC.
  - Action: appointed
  - Role: Director
  source text: the Board of Directors has increased the size of the Board from ten to eleven members and has appointed Mr. DeGaynor to the vacancy created
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/0000950170-24-077322-index.htm
- Executive change
  Jon DeGaynor was appointed as President and Chief Executive Officer at METHODE ELECTRONICS INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On June 25, 2024, Methode Electronics, Inc. (the “Company” or “Methode”) announced the appointment of Jon DeGaynor as the Company’s new President and Chief Executive Officer, starting July 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/0000950170-24-077322-index.htm
- Executive change
  Kevin Nystrom departed as Interim Chief Executive Officer at METHODE ELECTRONICS INC.
  - Action: replaced
  - Role: Interim Chief Executive Officer
  source text: Mr. DeGaynor will replace Kevin Nystrom, who has served as Interim Chief Executive Officer since May 7, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/0000950170-24-077322-index.htm

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