Methode Ele SEC Filings

Methode Electronics appointed Stacie Schulz as Chief Accounting Officer, effective September 11, 2025, reporting to Chief Financial Officer Laura Kowalchik. The 8-K highlights her prior senior accounting roles at Superior Industries, Tenneco, Federal-Mogul, and Deloitte, and notes her CPA credentials and accounting degrees from Michigan State University.

Her compensation includes a $350,000 annual base salary, an annual bonus targeted at 50% of base salary, and an annual long-term incentive award of $150,000 split evenly between time-based and performance-based restricted stock units. If terminated without cause, she is eligible for a cash payment equal to half of her annual salary plus target bonus and up to six months of company-paid COBRA coverage, along with participation in standard employee benefit plans.

Methode Electronics reported continued balance-sheet and operational changes during the quarter, with 36,563,766 shares issued and 100,000,000 shares authorized. The company noted a $4.3 million increase in a valuation allowance against deferred tax assets and recognized effects from global minimum tax (Pillar 2) calculations, which increased income tax expense for the period. Interest rates on credit facilities rose, with weighted-average interest of about 8.0% on U.S. dollar borrowings and 5.4% on euro borrowings as of August 2, 2025.

The company amended its credit agreement (Third Amendment), relaxing certain covenant tests for upcoming quarters while imposing tighter limits on restricted payments and other baskets during the amendment period; related amendment fees of $1.6 million were capitalized. The firm disclosed ongoing restructuring estimate uncertainty, foreign currency hedge activity and remaining share buyback authorization through June 17, 2026.

Methode Electronics, Inc. filed a current report to disclose that it has released financial results for its first quarter ended August 2, 2025. On September 9, 2025, the company issued a press release with these results, which is furnished as Exhibit 99.1. The report clarifies that this earnings information is being furnished rather than filed under securities laws, meaning it is not automatically incorporated into other securities offerings unless specifically referenced.

Methode Electronics, Inc. Schedule 13G/A reports that FMR LLC and Abigail P. Johnson beneficially own the same block of common stock totaling 3,046,876.34 shares, representing 8.7% of the outstanding class. FMR LLC reports 3,043,574 shares of sole voting power and 3,046,876.34 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power for the same 3,046,876.34 shares. The filing states these securities are held in the ordinary course of business and not for the purpose of influencing control of the issuer. The statement includes referenced powers of attorney and an exhibit identifying related subsidiary/group arrangements.

Methode Electronics, Inc. Schedule 13G/A reports that FMR LLC and Abigail P. Johnson beneficially own the same block of common stock totaling 3,046,876.34 shares, representing 8.7% of the outstanding class. FMR LLC reports 3,043,574 shares of sole voting power and 3,046,876.34 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power for the same 3,046,876.34 shares. The filing states these securities are held in the ordinary course of business and not for the purpose of influencing control of the issuer. The statement includes referenced powers of attorney and an exhibit identifying related subsidiary/group arrangements.

Methode Electronics, Inc. Schedule 13G/A reports that FMR LLC and Abigail P. Johnson beneficially own the same block of common stock totaling 3,046,876.34 shares, representing 8.7% of the outstanding class. FMR LLC reports 3,043,574 shares of sole voting power and 3,046,876.34 shares of sole dispositive power; Abigail P. Johnson reports sole dispositive power for the same 3,046,876.34 shares. The filing states these securities are held in the ordinary course of business and not for the purpose of influencing control of the issuer. The statement includes referenced powers of attorney and an exhibit identifying related subsidiary/group arrangements.

Laura Michele Kowalchik, Chief Financial Officer of Methode Electronics (MEI), was granted 78,310 restricted stock units (RSUs) under the company's 2022 Omnibus Incentive Plan on 08/08/2025. The award carries no cash price and will vest in three equal installments, with one-third vesting on each of the first, second and third anniversaries of the award date. After the grant, her reported beneficial ownership of common stock is 174,716 shares, shown as direct ownership. The filing records a routine executive equity grant and shows no derivative transactions.

John Thomas Erwin, identified as an officer (CPO & EHS Officer) of Methode Electronics, was granted restricted stock units of the company's common stock on 08/08/2025 under the 2022 Omnibus Incentive Plan. The award consisted of 31,324 restricted stock units that will vest in three equal installments: one-third on each of the first, second and third anniversaries of the award date. After the reported transaction, Mr. Erwin beneficially owned 64,480 shares directly and had an additional 1,694 shares indirectly held in the Methode 401(k) plan. The filing reports no derivative securities.

Methode Electronics Inc. (MEI) reported an insider equity award for Kerry A. Vyverberg, the company's General Counsel and an officer. The filing discloses a grant of 29,595 Restricted Stock Units (RSUs) under the company’s 2022 Omnibus Incentive Plan, with the units vesting one-third on each of the first, second and third anniversaries of the award date. The transaction is recorded with a transaction date of 08/08/2025 and a reported price of $0, consistent with a compensation grant rather than an open-market purchase.

Following the award the filing lists 42,032 shares beneficially owned in a direct capacity and 15,381 shares indirectly held in a 401(k) plan. The disclosure is a routine insider compensation report documenting the RSU grant and current beneficial ownership levels.

Jonathan B. DeGaynor, who serves as CEO and President and is a director of Methode Electronics, was awarded restricted stock units under the companys 2022 Omnibus Incentive Plan on 08/08/2025. The award totals 328,520 Restricted Stock Units granted at a $0 price and is described as vesting one-third on each of the first, second and third anniversaries of the award date.

Following the reported transaction the filing shows Mr. DeGaynors beneficial ownership as 436,225 shares, which reflects 32,733 shares held jointly with his spouse and 2,257 shares held in the Methode 401(k) Plan. The grant is reported as an acquisition of unvested RSUs under the company plan.

Lars Ullrich, SVP Global Automotive Business at Methode Electronics (MEI), was granted 56,689 restricted stock units (RSUs) on 08/08/2025 under the companys 2022 Omnibus Incentive Plan. The award is structured to vest in three equal installments, with one-third vesting on each of the first, second and third anniversaries of the grant date.

Following the reported award, the filing shows 95,457 shares beneficially owned directly and 15,150 shares held indirectly via a joint account with his spouse. The disclosure is a routine executive equity compensation grant and specifies the restricted nature and multi-year vesting of the shares.

Kerry A. Vyverberg, General Counsel of Methode Electronics (MEI), reported a cancellation of restricted common stock that did not vest because performance targets were not met. The Form 4 records a disposition on 06/18/2025 of 12,098 shares at a $0 price (cancellation). After the transaction, Mr. Vyverberg beneficially owned 12,437 shares directly and 15,381 indirectly through a 401(k) plan.

The filing notes the Form 4 was submitted late due to an inadvertent administrative oversight and includes an explanatory remark that the restricted stock was cancelled for failure to meet performance objectives.