---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-082851"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2024-07-11T23:59:59+00:00"
generated_at: "2026-05-31T21:53:40.128431+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics Q4 net loss $57.3M, goodwill impairment $49.4M; guidance cautious

## Summary
- Net sales $277.3M vs $301.2M YoY; adjusted EPS loss $0.23 vs $0.22 gain.
- Automotive segment sales down 21.6% to $145.9M; $49.4M goodwill impairment in North America.
- Appointed David Rawden as interim CFO effective July 12, 2024 upon Tsoumas retirement.
- Fiscal 2025 outlook: flat organic sales, near breakeven pre-tax; Q1 similar to Q4 FY2024 loss.
- New $200M share buyback authorized through June 2026; prior program expired.

## SEC filing metadata
- accession: 0000950170-24-082851
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2024-07-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000095017024082851/0000950170-24-082851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017024082851/mei-20240708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-082851
- JSON: https://secwatch.observer/filing/0000950170-24-082851.json
- Plain text: https://secwatch.observer/filing/0000950170-24-082851.txt

## Key facts
- Executive change
  Ronald L.G. Tsoumas retired as Chief Financial Officer at METHODE ELECTRONICS INC.
  - Action: retired
  - Role: Chief Financial Officer
  source text: effective as of July 12, 2024, the effective date of Mr. Tsoumas’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024082851/0000950170-24-082851-index.htm
- Executive change
  David Rawden was appointed as Interim Chief Financial Officer at METHODE ELECTRONICS INC.
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On July 8, 2024, the Board appointed Mr. Rawden to the office of Interim Chief Financial Officer effective as of July 12, 2024, the effective date of Mr. Tsoumas’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017024082851/0000950170-24-082851-index.htm

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