Highest-materiality recent filing
Q4 net sales $298.1M (+15.9% YoY) incl. $22.5M customer recoveries; net income $0.4M ($0.01 EPS) vs net loss $28.3M
SEC closes investigation into Methode Electronics without enforcement action
SEC notified Methode on May 14, 2026 that it concluded its investigation and will not recommend enforcement.
Methode Electronics reports Q3 net loss of $15.9M; lowers FY26 adjusted EBITDA guidance to $58-62M
Net sales $233.7M (-2.6% YoY); net loss $15.9M (-$0.45) vs loss $14.4M (-$0.41).
Methode Electronics amends executive COBRA terms and terminates deferred comp plan
COBRA continuation reduced from 24 to 18 months for CFO, SVP Global Auto, Chief Procurement & EHS, and General Counsel.
Methode Electronics Q2 net loss $9.9M ($0.28 EPS); sales down 15.6%; reaffirms FY guidance
Net sales $246.9M, down 15.6% YoY (14 vs 13 weeks); sequential sales up 2.6%.
Methode Electronics reports annual meeting voting results
All seven director nominees elected; votes ranged from 25.0M to 26.6M for.
Methode Electronics appoints Stacie Schulz as Chief Accounting Officer, effective Sept 11, 2025
Schultz to report to CFO Laura Kowalchik; previously VP & CAO at Superior Industries (May 2024–Aug 2025).
Methode Electronics Q1 FY2026 net loss $10.3M; Industrial sales up 10.8%
Net sales $240.5M, down 7% YoY; net loss $10.3M ($0.29 diluted EPS) vs $18.3M loss a year ago.
Methode Electronics awards RSUs and PSUs to executives under 2026 LTI program
CEO Jonathan DeGaynor granted 328,520 RSUs and 328,520 target PSUs.
Methode Q4 net loss $28.3M ($0.80/sh); guides FY2026 EBITDA $70-80M, up >100%
Q4 net loss $28.3M ($0.80/sh); adjusted loss $27.4M ($0.77/sh); net sales $257.1M, down 7% YoY.
Methode Electronics Q3 net loss $14.4M ($0.41/share); reaffirms FY2026 growth guidance
Net sales $239.9M, pre-tax loss $8.2M; net loss $14.4M ($0.41 diluted EPS).
Methode Electronics CHRO Andrea Barry steps down; Karen Keegans appointed as successor
Andrea Barry, Chief Administrative Officer and CHRO, steps down effective Jan 31, 2025; remains special advisor through May 3, 2025.
Methode Electronics Q2 net loss narrows to $1.6M; raises FY2025 adjusted pre-tax income guidance
Net sales $292.6M vs $288.0M YoY; net loss $1.6M ($0.05 loss per share) vs $55.3M loss in prior year.
Methode Electronics appoints Lars Ullrich as SVP, Global Automotive Business
Appointment effective December 2, 2024; newly created role overseeing global automotive strategy and commercial activities.
Methode Electronics settles disputes with former CEO Avinash Avula for $650,000
Company pays $650,000 lump sum to former CEO Avinash Avula to resolve claims from his May 1, 2024 separation.
All 10 director nominees elected with at least 26.5M votes for each; broker non-votes of 2.6M on each.
Methode Electronics Q1 net loss $0.52/sh; affirms FY2025 guidance
Net sales $258.5M, down 10.8% YoY; pre-tax loss $13.1M, adjusted pre-tax loss $9.1M.
Laura Kowalchik named CFO effective Oct 1, 2024; replaces David Rawden who served as interim CFO since July 12, 2024.
Methode execs elect to receive FY2024 bonuses as RSUs: 44,746 for Martin, 32,734 for Barry
Kevin M. Martin elected to receive his annual performance-based bonus as 44,746 RSUs.
Methode Electronics Q4 net loss $57.3M, goodwill impairment $49.4M; guidance cautious
Net sales $277.3M vs $301.2M YoY; adjusted EPS loss $0.23 vs $0.22 gain.
Methode Electronics appoints Jon DeGaynor as CEO effective July 15, 2024
Jon DeGaynor, former Stoneridge CEO, appointed President and CEO; replaces interim CEO Kevin Nystrom.
Methode CEO Avi Avula resigns effective immediately; AlixPartners partner named interim CEO
CEO Avi Avula resigned immediately; interim CEO Kevin Nystrom appointed, an AlixPartners partner.
Methode Electronics CFO Ronald Tsoumas to retire July 12, 2024; interim CFO planned
CFO Ronald Tsoumas to retire effective July 12, 2024; search for permanent successor underway with executive search firm.
Methode Q3 net loss $0.33/share; suspends guidance, loosens debt covenant
Net sales $259.5M, down from $280.1M YoY; net loss $11.6M vs net income $19.9M prior year.
Methode Electronics appoints Avi Avula as new CEO effective January 29, 2024
Avi Avula, former DuPont E&I VP Strategy, named President and CEO starting January 29, 2024.
Net loss of $55.3M ($1.55 diluted EPS); adjusted EPS $0.06 vs $0.76 a year ago; sales $288.0M down 8.8% YoY.
Retention awards: CFO Tsoumas $500k, CAO Barry $750k, VP Martin $440k, GC Vyverberg $425k; cash payable after Sept 12, 2025 if employed.
Methode Q1 EPS $0.02 vs $0.58 YoY; guides FY2024 EPS $0.80-1.00, down from $1.55-1.75
Net sales $289.7M up 2.6% YoY; net income $0.9M ($0.02 diluted) vs $21.5M ($0.58) prior year.
Methode CEO Donald Duda to retire; external successor search begun
CEO Donald Duda will retire once a successor is found, expected after fiscal 2024 (April 2024).
Methode Electronics places COO Joseph Khoury on leave, duties suspended
COO Joseph Khoury placed on leave on July 10, 2023; his powers, authority and duties suspended.
Methode Electronics discontinues Dabir Surfaces; expects $1.5–$3.5M pre-tax charge in FY2024
Wind-down of Dabir Surfaces, Inc. expected complete by end of fiscal 2024.
Methode Q4 EPS $0.22 vs $0.43 YoY; FY2024 guidance $1.55-$1.75, below FY2023 $2.10
Q4 net sales $301.2M (+4.3% YoY); net income $8.1M ($0.22 diluted) vs $16.2M ($0.43) prior year.
Methode reports preliminary FY2023 record sales $1,183M; EPS below guidance range
Record FY2023 net sales ~$1,183M (+2% YoY), above guidance of $1,155-1,180M.
Methode Electronics enters Change in Control Agreement with VP North America
Agreement with Kevin M. Martin effective March 15, 2023.
Methode Q3 EPS $0.54 vs $0.78 YoY; guides FY2023 lower; announces Nordic Lights tender
Net sales $280.1M (-3.9% YoY); net income $19.9M ($0.54 diluted EPS) vs $29.4M ($0.78) prior year.
Methode amends change-in-control agreements; CEO gets 3x target bonus, NEOs get 2x
CEO Duda's termination payout now includes lump sum equal to 3x target annual bonus; previously lesser of target or prior year actual.
Methode Electronics reports record Q2 sales $315.9M, EPS $0.75; narrows FY2023 guidance
Record net sales $315.9M, up 6.9% YoY; net income $27.6M ($0.75 EPS) vs $27.5M ($0.72) prior year.
Methode Electronics enters new $750M credit agreement, extends maturity to 2027
New $750M multicurrency revolving credit facility replaces existing agreement, term loan terminated.
Methode shareholders approve 2022 Omnibus Incentive Plan, elect all 12 directors
Shareholders approved the 2022 Omnibus Incentive Plan with 29,326,927 for, 4,298,480 against.
Methode Electronics Q1 EPS $0.58 vs $0.76 YoY; revenue $282.4M -1.9%; reiterates FY23 guidance
Net income of $21.5M ($0.58 diluted EPS) vs $29.1M ($0.76) in prior year quarter.
Methode Q4 EPS $0.43 vs $0.81 YoY; FY2022 sales record $1,164M; FY23 guidance $2.70-3.10
Q4 net sales $288.7M (-4.1% YoY); net income $16.2M ($0.43 diluted) vs $31.1M ($0.81).
Methode Electronics reports preliminary FY2022 EPS $2.68-2.72, below guidance of $3.05-3.15
Preliminary FY2022 net sales ~$1,164M (+7% YoY), within prior guidance of $1,160-1,170M.
Methode Electronics Q3 EPS $0.78, sales $291.6M; raises FY sales guidance, EV sales record 19%
Net sales $291.6M (-1.3% YoY); net income $29.4M ($0.78 diluted EPS) vs $31.9M ($0.83) prior year.
Methode Electronics amends credit agreement to replace LIBOR with SOFR and other benchmarks
First Amendment to credit agreement transitions interest rate benchmarks from LIBOR to SOFR for USD loans and other local benchmarks for multi-currency loans.
Methode Electronics Q2 net income down 29%; lowers FY2022 guidance on supply chain woes
Net sales $295.5M (-1.8% YoY); net income $27.5M ($0.72 EPS) vs $38.6M ($1.01 EPS).
Methode Electronics reports shareholder vote results; all 12 directors elected and auditor ratified
All 12 director nominees elected; votes For ranged from 32.98M to 34.33M shares.
Methode Electronics Q1 net sales up 51% to $287.8M; EPS $0.76 vs $0.54 YoY
Net income $29.1M ($0.76 diluted EPS) vs $20.7M ($0.54) in prior-year quarter; income from operations up 147% to $34.1M.
On January 30, 2025, Methode Electronics, Inc. (“Methode” or the “Company”) announced that Andrea J. Barry, Chief Administrative Officer and Chief Human Resources Officer of the Company, will step down from those positions effective January 31, 2025.
Ms. Kowalchik will replace David Rawden, who has served as Interim Chief Financial Officer since July 12, 2024.
On August 28, 2024, Methode Electronics, Inc. (the “Company”) announced the appointment of Laura Kowalchik as the Company’s Chief Financial Officer, effective October 1, 2024.
effective as of July 12, 2024, the effective date of Mr. Tsoumas’s retirement.
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.
the Board of Directors has increased the size of the Board from ten to eleven members and has appointed Mr. DeGaynor to the vacancy created
On June 25, 2024, Methode Electronics, Inc. (the “Company” or “Methode”) announced the appointment of Jon DeGaynor as the Company’s new President and Chief Executive Officer, starting July 15, 2024.
Mr. DeGaynor will replace Kevin Nystrom, who has served as Interim Chief Executive Officer since May 7, 2024.
the Company has arranged for Kevin Nystrom to serve as the Company’s interim Chief Executive Officer.
On May 1, 2024, Avi Avula, the Chief Executive Officer of Methode Electronics, Inc. (the “Company”), informed the Company’s Board of Directors of his decision to resign, effective immediately.
On April 8, 2024, the Company announced the Board’s current intention to appoint David Rawden of AlixPartners, a business advisory firm currently providing a variety of consulting services to the Company, to serve as the Company’s Interim Chief Financial Officer upon Mr. Tsoumas’ retirement.
On April 8, 2024, Methode Electronics, Inc. (the “Company”) announced that Ronald L.G. Tsoumas, its Chief Financial Officer, plans to retire effective July 12, 2024
Max materiality 0.85 · Median 0.65 · Most common event earnings