Methode Electronics, Inc. is holding its 2026 annual stockholders meeting virtually on September 16, 2026 at 11:00 a.m. EDT, with a record date of July 23, 2026 covering 35,494,942 common shares. Stockholders may vote online, by phone, or by mail.
Four items are up for vote: election of seven directors, approval of the 2026 Omnibus Incentive Plan, ratification of Ernst & Young LLP as auditor for fiscal 2027, and an advisory say‑on‑pay vote on executive compensation. The 2026 Plan adds 2,000,000 new shares plus carryover and recycling from the 2022 Plan; the company states this would increase maximum equity overhang from about 9% to about 14%, with a three‑year average equity burn rate of 3.15%.
The board is largely independent, led by an independent chair, with fully independent audit, compensation, and nominating/governance committees. Governance features include stock ownership guidelines for directors and executives, anti‑hedging and anti‑pledging rules, an incentive compensation clawback policy, board and committee self‑evaluations, and board oversight of enterprise risk and cybersecurity. EY audit and tax fees totaled $3.63 million in fiscal 2026. Directors are compensated with cash retainers and equity grants valued at $140,000 per non‑employee director.
Jonathan B. DeGaynor, CEO and President of Methode Electronics, reported a Form 4 transaction involving 7,986 shares of common stock on July 15, 2026. These shares were withheld at $15.76 per share to satisfy his tax obligations upon the vesting of restricted stock units. Following the transaction, he directly holds 413,592 common shares, with additional indirect holdings through a Methode 401(k) Plan and a joint account with his spouse.
Methode Electronics, Inc. files its annual report detailing a diversified global business supplying custom engineered electronic and mechatronic solutions to automotive, industrial, and interface markets. For fiscal 2026, Automotive represented 45.9% of net sales, Industrial 51.4%, and Interface 2.7%.
The company operates 30 facilities worldwide with a workforce of about 6,650 employees and 263 contractors, with 93.9% located outside the U.S. It highlights heavy reliance on automotive, commercial vehicle, data center and construction industries, customer concentration, global supply-chain exposure, inflation, and raw material availability.
Methode discusses a $400 million revolving credit facility maturing in 2027, leverage and covenant constraints, and potential refinancing risk. The report also outlines extensive risk factors, including EV demand shifts, USMCA review uncertainty, geopolitical and cybersecurity threats, tax regime changes such as OECD Pillar 2, and ongoing securities and derivative litigation.
Methode Electronics, Inc. reported stronger results for fiscal 2026 while remaining unprofitable for the year. In the fiscal fourth quarter, net sales rose to $298.1 million, up 15.9% year-over-year, and net income was $0.4 million versus a net loss of $28.3 million a year earlier. Fourth-quarter Adjusted EBITDA improved to $26.9 million from a loss of $7.1 million.
For the full fiscal 2026, net sales were $1,019.2 million, down 2.8% from fiscal 2025, and the company recorded a net loss of $35.7 million, narrower than the $62.6 million loss in the prior year. Adjusted EBITDA increased to $68.2 million, or 6.7% of net sales, up 60.5% year-over-year. Free cash flow was $15.6 million, compared with an outflow of $15.2 million in fiscal 2025, and net debt declined to $185.4 million.
Looking to fiscal 2027, Methode expects net sales between $1.025 billion and $1.075 billion and Adjusted EBITDA between $72 million and $82 million, with capital expenditures of $25 million to $30 million and free cash flow generally consistent with fiscal 2026.
Methode Electronics, Inc. Schedule 13G reports that Ameriprise Financial, Inc. and Columbia Management Investment Advisers, LLC together hold 1,979,281 shares of Common Stock as of 03/31/2026, representing 5.6% of the class. The filing states shared voting and dispositive power of 1,979,281 shares and disclaims sole beneficial ownership.
The Schedule lists filing addresses, CUSIP 591520200, and exhibits identifying the subsidiary and a joint filing agreement. Signatures are provided by Michael G. Clarke on 05/15/2026.
T. Rowe Price Investment Management, Inc. reports beneficial ownership of 2,088,968 shares of Methode Electronics Inc. common stock, representing 5.9% of the class as disclosed on 03/31/2026. The filing includes sole voting and dispositive power over the 2,088,968 shares and contains a statement denying beneficial ownership.
Methode Electronics, Inc. reports that a previously disclosed investigation by the U.S. Securities and Exchange Commission has been closed. On May 14, 2026, SEC staff notified the company that it has concluded its investigation and does not intend to recommend an enforcement action.
METHODE ELECTRONICS INC director Mary A. Lindsey reported routine compensation-related changes in her holdings. She now directly holds 25,970 shares of Common Stock. Separately, she acquired 181.31 additional units of phantom stock at $8.63 per unit through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan, bringing her indirect phantom stock balance in that plan to 31,475.69 units.
METHODE ELECTRONICS INC director Mary A. Lindsey reported routine compensation-related changes in her holdings. The filing shows an acquisition of 194.620 shares of phantom stock at $7.99 per unit, credited under the dividend reinvestment feature of the Methode Electronics, Inc. Nonqualified Deferred Compensation Plan and held indirectly in a deferred compensation account.
Following this credit, Lindsey holds 31,294.380 phantom stock units indirectly in the plan. A separate line reflects her direct ownership of 25,970 shares of common stock as of the same date, recorded as a holding entry rather than a new market transaction.