Every material Form 8-K METHODE ELECTRONICS INC has filed with the SEC since September 17, 2026, 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.
Methode Electronics said its Chief Accounting Officer and principal accounting officer, Stacie Schulz, will resign effective October 30, 2026, to pursue other opportunities. The company said the resignation is not due to any disagreement with its auditors or management on accounting or disclosure matters. CFO Laura Kowalchik will take on the principal accounting officer role, a change that is administrative in nature.
Stacie Schulz notified the company on October 19, 2026 of her decision to resign as Chief Accounting Officer.
The resignation takes effect October 30, 2026.
Laura Kowalchik, Chief Financial Officer, will also assume the principal accounting officer responsibilities.
The company states the resignation involved no disagreement with auditors or management on accounting or disclosure matters.
On September 22, 2026, Methode Electronics' Compensation Committee awarded time-based and performance-based restricted stock units to its executive officers as its fiscal 2027 long-term incentive program. The package includes a separate 150,000-unit time-based award to CEO Jonathan DeGaynor that vests in full on September 22, 2031, subject to continued employment.
CEO Jonathan DeGaynor received 150,000 time-based RSUs, plus 155,840 time-based RSUs and 155,840 target PSUs under the 2027 LTI Program.
Time-based RSUs for the other named executives vest over three years at 33%, 33% and 34%.
PSUs may be earned on July 15, 2029, based on ROIC (40%) and annualized TSR (60%) over fiscal 2027 to fiscal 2029, with 0% to 200% payout.
The awards were made under the 2026 Omnibus Incentive Plan, with advice from consultant Frederic W. Cook & Co., Inc.
At the September 16, 2026 annual meeting, Methode Electronics stockholders approved the 2026 Omnibus Incentive Plan and elected seven directors, but director David P. Blom received fewer votes for than against. The Board rejected Mr. Blom's conditional resignation, so he will continue to serve until the 2027 annual meeting. Stockholders also ratified Ernst & Young LLP as the independent auditor and approved executive pay in an advisory vote.
2026 Omnibus Incentive Plan approved: 27,466,037 for and 812,903 against
David P. Blom received 7,050,790 for and 21,241,811 against, short of a majority, so he tendered a conditional resignation
Board rejected Mr. Blom's resignation; he stays on the Board until the 2027 annual meeting
Say-on-Pay approved with 24,802,391 for and 3,471,604 against
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