Methode Electronics settles disputes with former CEO Avinash Avula for $650,000

METHODE ELECTRONICS INC

Company pays $650,000 lump sum to former CEO Avinash Avula to resolve claims from his May 1, 2024 separation.
Settlement includes mutual release of claims between Methode and Avula, subject to limited exceptions.
Parties will dismiss with prejudice all litigation and arbitration proceedings over Avula's employment.

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