Short answer
METHODE ELECTRONICS INC (MEI) filed an 8-K current report with the SEC on September 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). 2027 LTI awards cover five executives, including CEO Jonathan DeGaynor, aligning retention with operating and shareholder-return objectives.
METHODE ELECTRONICS INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- 2027 LTI awards cover five executives, including CEO Jonathan DeGaynor, aligning retention with operating and shareholder-return objectives
- CEO received 155,840 RSUs and 155,840 target PSUs, plus a separate 150,000 RSU award vesting fully September 22, 2031
- Executive RSUs vest over three years, while the CEO’s additional award uses a five-year cliff vest
- PSUs measure three-year ROIC and TSR through fiscal 2029, weighted 40% and 60%, with payouts from 0% to 200% of target
- Change-in-control provisions can accelerate unvested awards, creating potential dilution and transaction-related compensation expense
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other METHODE ELECTRONICS INC 8-K filings
Get the next MEI 8-K as it lands
Follow MEI for push alerts, or ask the research agent what this filing means.