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
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Date of Report (Date of earliest event reported): July 08, 2024 |
METHODE ELECTRONICS, INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware | 001-33731 | 36-2090085 |
(State or Other Jurisdiction
of Incorporation) | (Commission File Number) | (IRS Employer
Identification No.) |
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8750 West Bryn Mawr Avenue | |
Chicago, Illinois | | 60631-3518 |
(Address of Principal Executive Offices) | | (Zip Code) |
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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:
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Title of each class
| | Trading
Symbol(s) | |
Name of each exchange on which registered
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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 2.02 Results of Operations and Financial Condition.
On July 11, 2024, Methode Electronics, Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and fiscal year ended April 27, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Form 8-K and the Exhibit attached hereto pertaining to the Company’s financial results shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In its Current Report on Form 8-K filed April 8, 2024 (the “Initial Form 8-K”), the Company reported that the intention of its Board of Directors was to appoint David Rawden of AlixPartners, a business advisory firm currently providing a variety of consulting services to the Company, as Interim Chief Financial Officer upon the planned retirement of Ronald L.G. Tsoumas while the Company completes its search for Mr. Tsoumas’s permanent successor.
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. Information relating to Mr. Rawden’s background, compensation arrangements and related matters is disclosed under the caption “Intention to Appoint Interim CFO” in the Initial Form 8-K and is incorporated herein by reference. In addition, the Company has agreed to indemnify AlixPartners against certain liabilities in connection with the engagement.
Item 9.01 Financial Statements and Exhibits.
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.
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| | | Methode Electronics, Inc. |
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Date: | July 11, 2024 | By: | /s/ Ronald L.G. Tsoumas |
| | | Ronald L.G. Tsoumas
Chief Financial Officer |
