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    Methode Electronics Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

    9/11/25 7:30:29 AM ET
    $MEI
    Electrical Products
    Technology
    Get the next $MEI alert in real time by email
    8-K
    0000065270false00000652702025-09-072025-09-07

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): September 07, 2025

     

     

    METHODE ELECTRONICS, INC.

    (Exact name of Registrant as Specified in Its Charter)

     

     

    Delaware

    001-33731

    36-2090085

    (State or Other Jurisdiction
    of Incorporation)

    (Commission File Number)

    (IRS Employer
    Identification No.)

     

     

     

     

     

    8750 West Bryn Mawr Avenue

     

    Chicago, Illinois

     

    60631-3518

    (Address of Principal Executive Offices)

     

    (Zip Code)

     

    Registrant’s Telephone Number, Including Area Code: (708) 867-6777

     

     

     

    (Former Name or Former Address, if Changed Since Last Report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:


    Title of each class

     

    Trading
    Symbol(s)

     


    Name of each exchange on which registered

    Common Stock, $0.50 Par Value

     

    MEI

     

    New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     


     

    Item 5.02‎ Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

    On September 7, 2025, the Board of Directors of Methode Electronics, Inc. (the “Company” or “Methode”) appointed Stacie Schulz as the Company’s Chief Accounting Officer, effective September 11, 2025. Ms. Schulz will report directly to Laura Kowalchik, Chief Financial Officer.

    Ms. Schulz, 46, served as Vice President and Chief Accounting Officer of Superior Industries International, Inc., an aluminum wheel supplier, from May 2024 to August 2025. Prior thereto, she served as Executive Director and Assistant Controller, Accounting and Reporting of Tenneco, Inc. (“Tenneco”), a global automotive components original equipment manufacturer and distributor to the aftermarket, from March 2020 to May 2024 and as Executive Director of Accounting and Reporting of Tenneco from May 2019 to March 2020. Ms. Schulz was the Director of Accounting and Reporting of Federal-Mogul LLC, a global manufacturer and supplier of vehicle components to original equipment manufacturers and the aftermarket, from 2015 to 2019. Prior to that, she served as an Audit Senior Manager at Deloitte and Touche LLC, where she began her career in 2002. Ms. Schulz holds a Bachelor of Arts degree in Accounting and a Master of Science degree in accounting from Michigan State University. In addition, she is a certified public accountant.

    In connection with her appointment, Ms. Schulz is entitled to the following compensation and benefits:

    •
    a base salary of $350,000 annually;
    •
    eligibility for an annual bonus with a target amount equal to 50% of her annual base salary;
    •
    an annual long-term incentive plan award valued at $150,000 under the Company’s previously disclosed 2026 LTI Program, 50% of which shall be time-based restricted stock units and 50% of which shall be performance-based restricted stock units;
    •
    in the event of termination without cause, she would be entitled to a payment equal to one-half the sum of her annual salary and target bonus, and Company-paid COBRA coverage for up to six months; and
    •
    participation in Company benefit plans as made available to similarly situated employees.

    There are no other understandings or arrangements between Ms. Schulz and any other person pursuant to which Ms. Schulz was appointed to serve as the Company’s Chief Accounting Officer. There are no existing relationships ‎between Ms. Schulz and any person that would require disclosure pursuant to Item 404(a) of Regulation S-K or any ‎familial relationships that would require disclosure under Item 401(d) of Regulation S-K.‎

    Item 9.01 Financial Statements and Exhibits

    d)
    Exhibits:

    Exhibit

    Number

     

    Description

    104

    Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

     


     

    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

     

     

     

    Methode Electronics, Inc.

     

     

     

     

    Date:

    September 11, 2025

    By:

    /s/ Laura Kowalchik

     

     

     

    Laura Kowalchik
    Chief Financial Officer

     

     


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