Benchmark Electronics (NYSE: BHE) updates CEO succession and boosts Moezidis pay

Rhea-AI Filing Summary

Benchmark Electronics outlines leadership succession plans and updates executive compensation for its incoming CEO. The company reiterates that David Moezidis will succeed Jeffrey W. Benck as Chief Executive Officer upon Mr. Benck’s retirement on March 31, 2026, and notes that Moezidis has been promoted to President as part of this transition.

In recognition of his expanded role during the transition period, the board’s Human Capital and Compensation Committee increased Mr. Moezidis’ base salary from $546,300 to $650,000 and raised his target annual cash incentive from $409,725 to $487,500. The target incentive remains 75% of his base salary. The report also notes that David L. Cummings has succeeded Mr. Moezidis as Chief Commercial Officer.

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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): December 16, 2025

BENCHMARK ELECTRONICS, INC.

(Exact name of Registrant as Specified in Its Charter)

Texas			001-10560	74-2211011
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
56 South Rockford Drive
Tempe, Arizona				85288
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (623) 300-7000

N/A

(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, par value $0.10 per share		BHE		The 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.

As previously announced, David Moezidis will succeed Jeffrey W. Benck as the Company’s Chief Executive Officer upon Mr. Benck’s retirement on March 31, 2026. Also as previously announced, David L. Cummings recently succeeded Mr. Moezidis as Chief Commercial Officer following Mr. Moezidis’ promotion to President as part of the Company succession planning. In recognition of Mr. Moezidis’ promotion to President during this transition period, the Human Capital and Compensation Committee of the Board of Directors approved an increase in Mr. Moezidis’ base salary from $546,300 to $650,000 together with an increase in his target annual cash incentive compensation from $409,725 to $487,500 (as a percentage of salary, Mr. Moezidis’ target annual cash incentive compensation remains unchanged at 75%).

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
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.

			BENCHMARK ELECTRONICS, INC.
Date:	December 16, 2025	By:	/s/ Stephen J. Beaver
			Stephen J. Beaver, Esq. Senior Vice President, General Counsel and Chief Legal Officer

FAQ

What leadership changes did Benchmark Electronics (BHE) describe in this 8-K?

Benchmark Electronics reported that David Moezidis will succeed Jeffrey W. Benck as Chief Executive Officer upon Mr. Benck’s retirement on March 31, 2026. It also notes that Moezidis has been promoted to President and that David L. Cummings has taken over as Chief Commercial Officer.

When is David Moezidis expected to become CEO of Benchmark Electronics (BHE)?

The company states that David Moezidis will become Chief Executive Officer upon the retirement of Jeffrey W. Benck on March 31, 2026.

How did Benchmark Electronics change David Moezidis’ base salary?

As part of his promotion to President during the transition period, David Moezidis’ base salary was increased by the Human Capital and Compensation Committee from $546,300 to $650,000.

What is David Moezidis’ new target annual cash incentive at Benchmark Electronics?

Benchmark Electronics increased David Moezidis’ target annual cash incentive from $409,725 to $487,500, while keeping the target at 75% of his base salary.

Who is the new Chief Commercial Officer at Benchmark Electronics (BHE)?

The company reports that David L. Cummings has succeeded David Moezidis as Chief Commercial Officer following Moezidis’ promotion to President.