Benchmark Electronics plans CEO succession for 2026

Benchmark Electronics, Inc. announced a planned leadership transition, with current President and CEO Jeffrey W. Benck retiring effective March 31, 2026.

Accepted by SEC EDGAR 09/02/2025 - 04:23 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Benchmark Electronics, Inc. announced a planned leadership transition, with current President and CEO Jeffrey W. Benck retiring effective March 31, 2026. Executive Vice President and Chief Commercial Officer David Moezidis has been named President and Chief Commercial Officer immediately and is expected to succeed Benck as President and CEO upon that retirement.

Benck will leave the Board on March 31, 2026 but remain a full-time employee as Executive Vice President and Special Advisor through March 31, 2027. During this period, he will receive a $100,000 annual base salary, continued vesting of existing long-term incentive awards, eligibility for a 2026 cash incentive bonus, and continued participation in company benefit plans under a transition agreement.

Insights

Corporate governance analyst

Planned CEO succession with a year-long advisory transition looks orderly but not transformative.

Benchmark Electronics outlines a long lead-time CEO transition, with Jeffrey W. Benck retiring as CEO on March 31, 2026 and David Moezidis stepping in. Moezidis already serves as President and Chief Commercial Officer, suggesting continuity in commercial strategy and operations.

Benck’s move to Executive Vice President and Special Advisor through March 31, 2027 provides overlap to support knowledge transfer. His reduced compensation, including $100,000 base salary and continued vesting of existing long-term incentives, aligns incentives with an orderly handoff rather than abrupt change.

The transition appears structured and gradual, which can help stabilize leadership expectations. Actual business impact will depend on Moezidis’ strategic choices once in the CEO role, which are not detailed here.

8-K Event Classification

3 items: 5.02, 8.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did Benchmark Electronics (BHE) announce in this 8-K?

Benchmark Electronics announced that CEO Jeffrey W. Benck will retire on March 31, 2026. David Moezidis, currently President and Chief Commercial Officer, is expected to succeed him as President and Chief Executive Officer, formalizing a planned leadership succession with significant overlap.

Who is David Moezidis, the incoming CEO of Benchmark Electronics (BHE)?

David Moezidis is 54 and has served as Executive Vice President, Chief Commercial Officer since July 2023. He brings over 30 years of leadership experience across digital imaging, semiconductor capital equipment, and electronics manufacturing services, including 25 years in senior roles at Flex Ltd.

What is Jeffrey Benck’s new role at Benchmark Electronics (BHE) after retirement as CEO?

After stepping down as CEO and leaving the Board on March 31, 2026, Jeffrey Benck will serve as Executive Vice President and Special Advisor through March 31, 2027. He will remain a full-time employee during this advisory period under a transition agreement.

How will Jeffrey Benck be compensated during his transition role at Benchmark Electronics (BHE)?

During the transition from March 31, 2026 to March 31, 2027, Jeffrey Benck will receive a $100,000 annual base salary, continued vesting of existing long-term incentive awards, eligibility for a 2026 annual incentive bonus, and continued participation in standard company and executive benefit plans.

Will Jeffrey Benck receive bonuses from Benchmark Electronics (BHE) after 2026?

Jeffrey Benck remains eligible for a cash incentive bonus only for the 2026 fiscal year under the Annual Incentive Plan. He will not be eligible to earn any cash incentive compensation for the 2027 fiscal year or beyond under that plan.

Where can investors find details of David Moezidis’ current compensation at Benchmark Electronics (BHE)?

Details of David Moezidis’ current compensation are included in Benchmark Electronics’ 2025 annual meeting proxy statement. The company notes his future CEO compensation has not yet been determined and that he will remain under his existing compensation programs through March 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false000086343600008634362025-09-022025-09-02

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 02, 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

(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.

On September 2, 2025, Benchmark Electronics, Inc. (the “Company”) announced the retirement of Jeffrey W. Benck, the Company’s President and Chief Executive Officer, effective March 31, 2026. As part of the Company’s succession planning, the Company also announced David Moezidis, currently the Company’s Executive Vice President and Chief Commercial Officer, will immediately assume the role of President and Chief Commercial Officer and will succeed Mr. Benck as the President and Chief Executive Officer upon Mr. Benck’s retirement on March 31, 2026.

David A. Moezidis, 54, has been Executive Vice President, Chief Commercial Officer for the Company since July 2023. Mr. Moezidis has over 30 years of leadership experience in operations, engineering, sales, and marketing in the digital imaging, semiconductor capital equipment, and electronic manufacturing services industries. Previously, Mr. Moezidis spent 25 years at Flex Ltd. (NASDAQ: FLEX), a global provider of design, engineering, manufacturing and supply chain solutions, in various leadership positions. Most recently, he was Flex’s President of the Lifestyle Solutions group, and prior to that, he was the Senior Vice President of the Industrial and Energy group. Mr. Moezidis holds two Bachelor of Science degrees in engineering, a Master of Business Administration from Pepperdine University, and has completed the executive management program at Stanford University.

The compensation that Mr. Moezidis will be eligible to earn following his appointment to Chief Executive Officer has yet to be determined. Mr. Moezidis will continue to be compensated under his currently existing compensation programs through March 31, 2026. A detailed description of Mr. Moezidis’ current compensation program is contained in the Company’s proxy statement for its 2025 annual meeting of shareholders.

Effective upon his retirement on March 31, 2026, Mr. Benck will resign as a member of the Board of Directors but will remain a full-time employee and transition to the role of Executive Vice President and Special Advisor through March 31, 2027. During this one year transition period from March 31, 2026 through March 31, 2027, Mr. Benck will receive the following compensation and benefits:

•A base salary of $100,000 per annum;

•Continued vesting of all long-term incentive compensation awards (both time- and performance-based) according to existing vesting and payment schedules set forth in the applicable award agreements;

•Eligibility to earn a cash incentive compensation bonus for the 2026 fiscal year under the Company’s Annual Incentive Plan based on eligible earnings (Mr. Benck will not be eligible to earn any cash incentive compensation for the 2027 fiscal year or beyond); and

•Continued participation in the Company’s standard benefits and vacation plans, including any executive benefit plans.

These and other terms, including customary severance and double trigger change of control benefits, are contained in a Transition Agreement, dated September 2, 2025 by and between the Company and Mr. Benck, a copy of which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

Item 8.01 Other Events.

On September 2, 2025, the Company issued a press release relating to the matters described above under Item 5.02. The press release is incorporated herein by reference to Exhibit 99.1 filed herewith.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
10.1		Transition Agreement by and between Benchmark Electronics, Inc. and Jeffrey W. Benck
99.1		Press release, dated September 2, 2025
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 hereunto duly authorized.

			BENCHMARK ELECTRONICS, INC.
Date:	September 2, 2025	By:	/s/ Stephen J. Beaver
			Stephen J. Beaver, Esq. Senior Vice President, General Counsel and Chief Legal Officer