Short answer
BENCHMARK ELECTRONICS INC (BHE) filed an 8-K current report with the SEC on February 24, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New CEO David Moezidis, age 54, starts March 31, 2026 with base salary $900,000 and target bonus 115% of base (max 200%).
BENCHMARK ELECTRONICS INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New CEO David Moezidis, age 54, starts March 31, 2026 with base salary $900,000 and target bonus 115% of base (max 200%)
- Equity grants total $4,000,000 ($2.5M February 2026 + $1.5M on start date), split 50/50 time-based RSUs and PSUs, 3-year vesting
- Severance without cause or good reason: 2x total cash (base + target bonus) plus pro-rated equity vesting
- Change-in-control protection: 3x total cash plus full accelerated vesting on qualifying termination within 24 months post-CIC
- 2-year non-compete and non-solicit post-termination; agreement auto-renews in 2-year increments unless 90 days notice given
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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