secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000950170-24-077322
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/0000950170-24-077322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000095017024077322/mei-20240624.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077322

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