Form 8-K
8-K — METHODE ELECTRONICS INC
Accession: 0000065270-26-000052
Filed: 2026-09-17
Period: 2026-09-16
CIK: 0000065270
SIC: 3678 (ELECTRONIC CONNECTORS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
Documents
8-K — mei-20260916.htm (Primary)
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8-K
8-K (Primary)
Filename: mei-20260916.htm · Sequence: 1
8-K
0000065270false00000652702026-09-162026-09-16
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 2026
METHODE ELECTRONICS, INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-33731
36-2090085
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
25650 W 11 Mile Rd
Southfield, Michigan
48034
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: (708) 867-6777
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.50 Par Value
MEI
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
2026 Omnibus Incentive Plan
The annual meeting of the stockholders of Methode Electronics, Inc. (“Methode” or the “Company”) was held on September 16, 2026 (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders voted to approve the Methode Electronics, Inc. 2026 Omnibus Incentive Plan (the “2026 Plan”). A description of the terms and conditions of the 2026 Plan is set forth in “Proposal Two, Approval of the Methode Electronics, Inc. 2026 Omnibus Incentive Plan” in the Company’s 2026 Proxy Statement filed with the Securities and Exchange Commission on July 31, 2026 (the “Proxy Statement”), and such description is incorporated herein by reference. The descriptions set forth herein and in the Proxy Statement are summaries only and are qualified in their entirety by the full text of the 2026 Plan, a copy of which is incorporated by reference to this Current Report on Form 8-K.
Director Conditional Resignation and Rejection
Mr. Blom received less than a majority of the votes cast for his election to the Board at the Company’s Annual Meeting. Accordingly, pursuant to the resignation policy set forth in Section 4(b) of the Company’s Corporate Governance Guidelines, Mr. Blom tendered his conditional resignation to the Board.
In accordance with the Company’s Corporate Governance Guidelines, the Nominating and Governance Committee of the Board (the “N&G Committee”) considered Mr. Blom’s tendered resignation and recommended that the Board reject the resignation. Subsequently, the Board determined that it was in the best interest of the Company and its stockholders to reject Mr. Blom’s resignation. Mr. Blom did not participate in the N&G Committee’s recommendation, or the Board’s decision, regarding his resignation or future Board service.
In reaching this decision, the N&G Committee and the Board considered a number of factors, including, but not limited to: (1) Mr. Blom’s extensive leadership experience as chief executive officer of a large healthcare system, including on transformations; (2) his experience as a director of public companies; (3) his tenure on the Board and service on the Audit Committee and the Compensation Committee; and (4) that proxy advisory firm voting recommendations against Mr. Blom’s election were due to director attendance at Board meetings and that Mr. Blom has attended all of the Board and Committee meetings so far in fiscal 2027.
As a result, Mr. Blom will continue to serve as a member of the Board until the Company’s 2027 annual meeting of stockholders or until his successor is duly elected and qualified or until his prior death, resignation, retirement, disqualification or other removal.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the stockholders voted on proposals to (i) elect seven (7) directors to hold office until the next annual meeting of stockholders or until their successors are elected and qualified; (ii) approve the 2026 Plan; (iii) ratify the Audit Committee's selection of Ernst & Young LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending May 1, 2027; and (iv) cast an advisory vote on named executive officer compensation (“Say-on-Pay”).
The voting results for each proposal were as follows:
1. Election of Directors:
Director
For
Against
Abstain
Broker Non-Votes
David P. Blom
7,050,790
21,241,811
47,776
3,778,120
Therese M. Bobek
27,310,497
982,482
47,398
3,778,120
Brian J. Cadwallader
24,957,846
3,335,117
47,414
3,778,120
Bruce K. Crowther
26,211,838
2,080,639
47,900
3,778,120
Jonathan B. DeGaynor
28,114,145
178,012
48,220
3,778,120
Mary A. Lindsey
26,105,332
2,178,732
56,313
3,778,120
Mark D. Schwabero
27,184,536
1,108,421
47,420
3,778,120
2. Approval of the 2026 Plan
For
Against
Abstain
Broker Non-Votes
27,466,037
812,903
61,437
3,778,120
3. Ratification of Ernst & Young LLP to serve as the Company’s independent registered public accounting firm:
For
Against
Abstain
Broker Non-Votes
31,607,304
431,620
79,573
--
4. Advisory vote to approve the Company’s named executive officer compensation:
For
Against
Abstain
Broker Non-Votes
24,802,391
3,471,604
66,382
3,778,120
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
10.1
Methode Electronics, Inc. 2026 Omnibus Incentive Plan (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form S-8 filed on September 16, 2026)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Methode Electronics, Inc.
Date:
September 17, 2026
By:
/s/ Laura Kowalchik
Laura Kowalchik
Chief Financial Officer
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