Every material Form 8-K Benchmark Electronics filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Benchmark Electronics said Chief Technology Officer Jan Janick will retire effective January 16, 2026. The filing states the departure is not the result of any disagreement with the company or its board on operations, policies or practices.
Jan Janick is retiring as Chief Technology Officer
Retirement effective January 16, 2026
Announced December 29, 2025; filing states no disagreement with the company or board
Benchmark Electronics disclosed compensation changes tied to its CEO succession plan. David Moezidis, who will succeed Jeffrey W. Benck as chief executive upon Benck's retirement on March 31, 2026, was promoted to President, and his base salary and target bonus were increased. The filing reports leadership transition details rather than financial results.
David Moezidis will succeed Jeffrey W. Benck as CEO when Benck retires on March 31, 2026.
Moezidis' base salary rises from $546,300 to $650,000 following his promotion to President.
His target annual cash incentive rises from $409,725 to $487,500, with the target still 75% of salary.
David L. Cummings recently succeeded Moezidis as Chief Commercial Officer.
Benchmark Electronics reported third quarter 2025 revenue of $681 million, up 3.5% from $658 million a year earlier, and said it reached the high end of its prior revenue and non-GAAP earnings guidance. GAAP diluted earnings per share fell to $0.39 from $0.42, while non-GAAP diluted EPS rose to $0.62 from $0.57, and the company guided fourth quarter 2025 revenue to $670 million to $720 million.
Q3 2025 revenue $681 million, up 3.5% year over year; GAAP operating income $24 million; non-GAAP operating income $33 million
Diluted GAAP EPS $0.39 versus $0.42 a year earlier; diluted non-GAAP EPS $0.62 versus $0.57
Q4 2025 guidance: revenue $670 million to $720 million; GAAP diluted EPS $0.44 to $0.50; non-GAAP diluted EPS $0.62 to $0.68
Benchmark Electronics appointed Dr. Michael Slessor, CEO of FormFactor, as an independent director and to the audit committee, effective immediately. The appointment follows the unexpected passing of director Robert Gifford, who had served on the board since 2016. The filing contains no financial results; the director pay terms are the same as other non-employee directors.
Dr. Michael Slessor appointed independent director and audit committee member, effective October 7, 2025
Replaces Robert Gifford, who served on the board since 2016 and passed away unexpectedly
Annual retainer of $85,000 plus an annual RSU grant with a grant-date fair value of $180,000, prorated for 2025
Prorated RSU grant is scheduled to vest on May 13, 2026
Benchmark Electronics announced that President and CEO Jeff Benck will retire effective March 31, 2026, and that Executive Vice President and Chief Commercial Officer David Moezidis will succeed him as CEO on that date. Moezidis immediately becomes President and Chief Commercial Officer, and Benck will stay on as Executive Vice President and Special Advisor through March 31, 2027.
Jeff Benck retires as President and CEO effective March 31, 2026, and resigns from the Board on that date
David Moezidis, 54, has been Executive Vice President and Chief Commercial Officer since July 2023 and becomes CEO on March 31, 2026
Benck's transition role pays a base salary of $100,000 per year through March 31, 2027, with no cash incentive for fiscal 2027 or later
Moezidis' CEO compensation has not been determined; the filing points to the 2025 proxy statement for his current pay
Benchmark Electronics said it appointed Charles "Chuck" Swoboda as an independent director effective immediately. Swoboda previously served as Chairman and CEO of Cree, Inc., and the filing does not describe any financial effect of the appointment.
Charles Swoboda appointed independent director effective August 4, 2025
Former Chairman and CEO of Cree, Inc.; CEO from 2001 and Chairman from 2002
Non-employee director pay for 2025 includes a $70,000 annual retainer and a $170,000 annual RSU grant, prorated from his start date
Benchmark Electronics reported second-quarter 2025 revenue of $642 million, down from $666 million a year earlier but up from $632 million in the first quarter. GAAP diluted EPS fell to $0.03 from $0.43 a year earlier, while non-GAAP EPS was $0.55 versus $0.57, and the company guided third-quarter non-GAAP EPS to $0.56 to $0.62.
Q2 2025 revenue $642 million, versus $666 million in Q2 2024 and $632 million in Q1 2025
GAAP diluted EPS $0.03 versus $0.43 a year earlier; non-GAAP diluted EPS $0.55 versus $0.57
Q2 included $10.4 million in discrete tax charges tied to foreign withholding tax and deferred tax liabilities in China
Q3 2025 guidance: revenue $635 million to $685 million; GAAP diluted EPS $0.28 to $0.34
Benchmark Electronics entered a $700 million second amended and restated credit agreement dated June 27, 2025, replacing its existing $681.25 million facility. The package includes a $550 million five-year revolver and a $150 million five-year term loan, both maturing June 27, 2030, with a $175 million accordion feature for future expansion.
Facility totals $700 million: $550 million revolving credit and $150 million term loan, both maturing June 27, 2030
Replaces the existing $681.25 million credit agreement dated December 21, 2021, as amended in 2022 and 2023
Term loan amortizes 0.625% quarterly from September 30, 2025, rising to 1.25% after June 30, 2028; loans are secured by company and guarantor assets
Interest rate is Term SOFR plus an applicable rate of approximately 1.00% to 2.125% per annum; accordion allows up to $175 million more
Benchmark Electronics reported first quarter 2025 revenue of $632 million, down from $676 million a year earlier, and GAAP diluted earnings of $0.10 per share, down from $0.38. CEO Jeff Benck said tariff-related uncertainty could affect some customer sourcing decisions in the near term, and the company guided second quarter 2025 revenue to $615 million to $665 million and non-GAAP diluted EPS to $0.52 to $0.58.
Revenue was $632 million, down from $676 million in the first quarter of 2024 and $657 million in the fourth quarter of 2024.
GAAP diluted EPS was $0.10 versus $0.38 a year earlier; non-GAAP diluted EPS was $0.52 versus $0.55.
Results include a $10.3 million legal and other settlement loss, which the filing says relates to a Mexico tax assessment.
Second quarter 2025 guidance: revenue of $615 million to $665 million and non-GAAP diluted EPS of $0.52 to $0.58.
Directors Ramesh Gopalakrishnan and Jeffrey S. McCreary told the board they will not seek re-election at the 2025 annual meeting, citing no disagreement with the company. The board has nominated Glynis A. Bryan, retired CFO of Insight Enterprises, for election at that meeting, which matters to shareholders as a change in board composition.
Gopalakrishnan notified the board on April 2, 2025; McCreary on April 3, 2025
Both decided not to stand for re-election at the annual meeting on May 14, 2025, upon expiration of their terms
The filing states the decisions were not due to any disagreement with the company or board
Board nominated Glynis A. Bryan, retired CFO of Insight Enterprises, per the proxy statement filed April 4, 2025
Benchmark Electronics reported fourth quarter 2024 revenue of $657 million, down from $691 million a year earlier, while GAAP diluted EPS rose to $0.50 from $0.49 and non-GAAP EPS fell to $0.61 from $0.65. For fiscal 2024, revenue was $2.7 billion, down 6%, and GAAP EPS was $1.72 versus $1.79 in 2023. The company also gave first quarter 2025 revenue guidance of $620 million to $660 million.
Q4 2024 revenue $657 million vs. $691 million in Q4 2023; GAAP diluted EPS $0.50 vs. $0.49; non-GAAP diluted EPS $0.61 vs. $0.65
Fiscal 2024 revenue $2,656 million vs. $2,839 million in 2023; GAAP diluted EPS $1.72 vs. $1.79; non-GAAP diluted EPS $2.29 vs. $2.38
Fiscal 2024 free cash flow of $156 million, with GAAP operating margin of 4.1% and non-GAAP operating margin of 5.1%
Q1 2025 guidance: revenue $620 million to $660 million; GAAP diluted EPS $0.34 to $0.40; non-GAAP diluted EPS $0.48 to $0.54
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Benchmark Electronics filing is on SEC EDGAR ↗. 8-K briefs of other companies →