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AI brief of an SEC Form 8-K · Plexus (PLXS)

Plexus President Steven Frisch to retire September 28, 2024; CEO Todd Kelsey adds President title

Neutral Impact 4 of 5 leadership Written later

Plexus said its President and Chief Strategy Officer, Steven J. Frisch, will retire at midnight on September 28, 2024, the end of fiscal 2024. The board named CEO Todd P. Kelsey to the additional office of President effective June 4, 2024, and Frisch's retirement agreement sets the terms of his departure, including continued vesting of certain equity awards.

Key points

  • Steven J. Frisch informed the company on May 31, 2024 of his intent to retire; his retirement date is midnight on September 28, 2024.
  • Todd P. Kelsey, Chief Executive Officer, was elected President effective June 4, 2024.
  • Frisch's base salary and annual incentive plan participation end on the retirement date; he will receive a fiscal 2024 incentive payout based on actual attainment.
  • Frisch may continue to vest in outstanding restricted and performance stock units under the existing schedules, subject to the agreement's restrictive covenants.

The filing

CompanyPlexus (PLXS)
Form8-K, current report
Filed with the SECJun 5, 2024, 7:57 AM ET
Accession number0000785786-24-000042

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 05, 2024.

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.