---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-042081"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:37:25.121941+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode CEO Donald Duda to retire; external successor search begun

## Summary
- CEO Donald Duda will retire once a successor is found, expected after fiscal 2024 (April 2024).
- Board has engaged Spencer Stuart for external CEO search; transition should conclude in fiscal 2025.
- Duda to receive $350K/month consulting fee for 9 months post-retirement, subject to non-compete.
- Duda led Methode for 19 years, growing sales from $359M (FY2004) to $1.2B (FY2023).
- Q1 FY2024 results due Sept 7, 2023; Duda will continue as CEO until new hire.

## SEC filing metadata
- accession: 0001140361-23-042081
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2023-08-31T23:59:59+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/65270/000114036123042081/0001140361-23-042081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000114036123042081/brhc20058303_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-042081
- JSON: https://secwatch.observer/filing/0001140361-23-042081.json
- Plain text: https://secwatch.observer/filing/0001140361-23-042081.txt

## Key facts
- Executive change
  Donald W. Duda departed as President and Chief Executive Officer at METHODE ELECTRONICS INC.
  - Action: plans to retire
  - Role: President and Chief Executive Officer
  source text: On August 31, 2023, Methode Electronics, Inc. (the “Company”) announced that Donald W. Duda, its President and Chief Executive Officer, plans to retire once a successor is found.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000114036123042081/0001140361-23-042081-index.htm

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