secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0000950170-24-101451
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Methode Electronics appoints Laura Kowalchik as CFO effective Oct 1, replacing interim CFO David Rawden
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- Laura Kowalchik named CFO effective Oct 1, 2024; replaces David Rawden who served as interim CFO since July 12, 2024.
- Kowalchik previously CFO of Communications & Power Industries; prior CFO of Dayco Incorporated.
- Compensation: base salary $600K, annual bonus target 75% of base, LTIP award $1M/yr (50% RSU, 50% PSU).
- Sign-on: $600K RSU grant (3-year vest), cash sign-on $200K (forfeited bonus) and $190K (repayment to former employer).
- Eligible for change of control and severance agreements standard for executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000095017024101451/0000950170-24-101451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000095017024101451/mei-20240828.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-101451

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer