METHODE ELECTRONICS INC (MEI) Methode Electronics, Inc. designs, engineers, produces, and sells mechatronic products internationally. The company operates in three segments: Automotive, Industrial, and Interface. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers directly or through their tiered suppliers. This segment products include integrated overhead and center consoles, hidden and ergonomic switches, transmission lead-frames, complex insert molded solutions, LED-based lighting solutions, and sensors, which incorporate magneto-elastic sensing, or other sensing technologies that monitor the operation or status of a component or system. The Industrial segment manufactures exterior and interior lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies comprising PowerRail solutions, high-current high-voltage flexible power cabling systems, and powder-coated busbars that are used in various markets and applications, including aerospace, commercial vehicles, data centers, industrial equipment, military, power conversion, telecommunications, and transportation. The Interface segment provides a variety of high-speed digital communication over copper media solutions for the data center and broadband markets, and interface panel solutions for the appliance market; and solutions, including copper transceivers, distribution point units, and solid-state field-effect consumer touch panels. The company serves end markets of transportation, including automotive, commercial vehicle, e-bike, aerospace, bus, and rail; and cloud computing infrastructure, construction equipment, and consumer appliance industries. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.
Sector: Electronic Connectors
Industry: Hardware, Equipment & Parts
Methode Electronics, Inc. NYSE:MEI Technology · Hardware, Equipment & Parts
Mkt Cap $432.02M
Div Yield 2.06%
AH Close $12.12 +0.00% vs close
AH Close $12.12 +0.00% vs close
Mkt Cap $432.02M
Div Yield 2.06%
All Press Release SEC Filings News
SEC Filing
MEI: 8-K · leadership change
Methode Electronics announced that Chief Accounting Officer Stacie Schulz will resign effective October 30, 2026, to pursue other opportunities.
The company stated the resignation is not due to any disagreement with its auditors or management over accounting principles, disclosures, or internal controls.
CFO Laura Kowalchik will take on the additional role of principal accounting officer, providing continuity without an external search.
SEC 8-K • 2d ago AI analysis › SEC Filing ⚠ 1
MEI: 8-K · leadership change
Methode Electronics' Compensation Committee on September 22, 2026 granted time-based RSUs and performance-based PSUs to executive officers under the 2026 Omnibus Incentive Plan as the fiscal 2027 long-term incentive program.
CEO Jonathan DeGaynor received 155,840 RSUs and 155,840 target PSUs in the standard program, plus a separate retention award of 150,000 RSUs that cliff-vests in full on September 22, 2031, which the Committee said is critical to ensure his retention through the company's ongoing transformation.
The PSUs vest July 15, 2029 based on a three-year performance period weighted 60% to total stockholder return and 40% to ROIC, with 50% earned at threshold, 100% at target, and a 200% maximum. The filing is routine compensation disclosure with no direct earnings or strategic impact.
SEC 8-K • 0mo ago AI analysis › Press Release
Methode Electronics to Host Investor Day at New York Stock Exchange on December 17, 2026
Methode Electronics will host its first Investor Day on December 17, 2026, at the New York Stock Exchange, with a half-day program beginning at 8:30am ET.
Presentations will come from CEO Jon DeGaynor, CFO Laura Kowalchik, Chief Strategy Officer Brad Corrodi, and SVP Lars Ullrich, covering the company's two-year transformation, growth priorities, and long-term financial targets.
Investors can attend in person or virtually, with registration details to follow on ir.methode.com; no financial figures or guidance were disclosed in this announcement.
• 1mo ago AI analysis › SEC Filing ⚠ 3
MEI: 8-K · proxy statement
At Methode Electronics' annual meeting held September 16, 2026, stockholders elected seven directors, but David P. Blom failed to receive a majority of votes cast, drawing roughly 21.2 million votes against him versus about 7.05 million in favor.
Under the company's corporate governance guidelines, Blom tendered a conditional resignation, but the Nominating and Governance Committee recommended rejection and the Board agreed, citing his leadership experience, committee tenure, and full attendance at Board and Committee meetings in fiscal 2027; proxy advisory firms had recommended against him over meeting attendance. Blom will continue serving until the 2027 annual meeting.
Stockholders separately approved the 2026 Omnibus Incentive Plan (about 27.5 million votes for), ratified Ernst & Young LLP as independent auditor for the fiscal year ending May 1, 2027 (about 31.6 million for), and passed the Say-on-Pay advisory vote on executive compensation (about 24.8 million for).
SEC 8-K • 1mo ago AI analysis › Press Release
Methode Electronics’ Board Approves Dividend
Methode Electronics' board of directors declared a quarterly dividend of $0.05 per share.
The dividend is payable on October 30, 2026, to common stockholders of record at the close of business on October 16, 2026.
The declaration continues the company's existing payout, with no change in amount or dividend policy disclosed.
• 1mo ago AI analysis › SEC Filing ⚠ 7
MEI: 10-Q · periodic report
Methode Electronics reported Q1 fiscal 2027 net sales of $265.4 million, up 10.4% year over year, driven by 27% growth in the Industrial segment on organic data center demand. Despite the top-line gain, the net loss widened to $11.4 million, or $0.32 per share, from $10.3 million a year earlier, and operating cash flow swung to negative $7.8 million.
On August 31, 2026, Methode signed a Fourth Amendment to its credit agreement extending the revolver's maturity to October 29, 2028 while cutting aggregate commitments from $400 million to $375 million and extending a period of relaxed financial covenants through the quarter ending October 31, 2027. The amendment also caps restricted payments, including dividends, at $2.5 million per quarter, and the quarterly dividend was trimmed to $0.05 per share from $0.07 a year ago.
Cash and equivalents fell to $116.2 million from $139.6 million, though the company stated it remains in compliance with all covenants. Securities class action and derivative litigation tied to prior EV-related disclosures continues, with a motion to dismiss the second amended complaint pending.
SEC 10-Q • 1mo ago AI analysis › Press Release ⚠ 6
Methode Electronics, Inc. Reports Fiscal 2027 First Quarter Financial Results
Methode Electronics posted fiscal Q1 2027 net sales of $265.4 million, up 10.4% year-over-year, driven by Industrial segment volumes led by data centers, with Industrial sales up 27% to $156.8 million.
Profitability moved the other way: net loss widened to $11.4 million ($0.32 per diluted share) from $10.3 million, and Adjusted EBITDA fell to $13.7 million (5.2% of sales) from $15.7 million (6.5%), as one-time costs including the dataMate divestiture impact and talent investments offset the sales gains.
Cash flow deteriorated, with free cash flow swinging to a $10.9 million outflow from an $18.0 million inflow on working-capital timing; the company still repaid $10.1 million of net debt and, post-quarter, extended revolver maturities to October 2028 while trimming the facility from $400 million to $375 million.
Management affirmed fiscal 2027 guidance of $1,025-1,075 million in net sales and $72-82 million in Adjusted EBITDA, and booked new non-data center awards representing $75 million of peak annual revenue, or roughly $400 million of lifetime revenue.
• 1mo ago AI analysis › Press Release
Methode Electronics Announces First Quarter Fiscal 2027 Results Conference Call
Methode Electronics announced it will release its first quarter fiscal 2027 results on Wednesday, September 2, 2026, after the market close.
The company will conduct a conference call and webcast on Thursday, September 3, 2026, at 8:00 a.m. EST to discuss the results.
The call will be led by President and CEO Jon DeGaynor and CFO Laura Kowalchik, accessible via the company's investor relations website.
• 1mo ago AI analysis › SEC Filing ⚠ 2
MEI: DEF 14A · proxy statement
Methode Electronics has filed its definitive proxy statement for the 2026 Annual Meeting of Stockholders, scheduled to be held virtually on September 16, 2026. Shareholders are asked to vote on four proposals: the election of seven directors, the approval of the 2026 Omnibus Incentive Plan, the ratification of Ernst & Young LLP as the independent auditor, and an advisory say-on-pay vote.
The Board recommends approval of the 2026 Omnibus Incentive Plan, which replaces the 2022 plan and authorizes 2,000,000 new shares in addition to the 868,580 shares remaining from the previous plan. The company estimates that the new share reserve will increase the equity overhang from approximately 9% to 14%.
Executive compensation disclosures reveal that President and CEO Jonathan DeGaynor received total compensation of $8.09 million for fiscal 2026, an increase from $5.74 million in the prior year, largely driven by stock awards and non-equity incentive payments. The company also noted six late Form 4 filings by directors and officers attributed to administrative errors.
SEC DEF 14A • 2mo ago SEC Filing ⚠ 4
MEI: 10-K · periodic report
Methode Electronics reported fiscal 2026 net sales of $1,019.2 million, a 2.8% decrease from the prior year, while narrowing its net loss to $35.7 million compared to a loss of $62.6 million in fiscal 2025. The decline in sales was driven by program roll-offs in the Automotive and Interface segments, though the Industrial segment grew 7.6% to $524.3 million on higher sales volumes and improved operational efficiencies.
The company faces ongoing liquidity challenges with $326.4 million outstanding under its revolving credit facility and restrictive covenants, including an anti-cash hoarding provision that forces debt prepayments if U.S. cash exceeds $65 million. Despite these constraints, Methode held $139.6 million in cash and equivalents as of May 2, 2026, and made a voluntary $20.0 million prepayment on the facility subsequent to fiscal year-end.
Strategic actions included the divestiture of the dataMate business in the fourth quarter and the continued wind-down of the consumer appliance business. The company's share buyback authorization of $200.0 million expired on June 17, 2026, without any shares being purchased under that specific program.
SEC 10-K • 4mo ago AI analysis › Press Release ● Major ⚠ 3
Methode Electronics, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Financial Results
Methode Electronics reported Q4 fiscal 2026 revenue of $298.1 million, up 15.9% year-over-year, driven by customer recoveries and higher industrial volume.
Full-year Adjusted EBITDA increased 60.5% to $68.2 million, resulting in positive free cash flow of $15.6 million and a reduction in net debt to $185.4 million.
The company issued fiscal 2027 guidance for net sales of $1.025 billion to $1.075 billion and Adjusted EBITDA of $72 million to $82 million, citing growth in data centers and vehicle electrification.
• 4mo ago AI analysis › Press Release
Methode Electronics Announces Fourth Quarter and Full Year Fiscal 2026 Results Conference Call
Methode Electronics announced that it will release its fourth quarter and full year fiscal 2026 results on Wednesday, June 24, 2026, after the market close.
The company will host a conference call to review financial and operational highlights on Thursday, June 25, 2026, at 11:00 a.m. EST, led by CEO Jon DeGaynor and CFO Laura Kowalchik.
Investors can access the live webcast and replay via the company's investor relations website.
• 4mo ago AI analysis › Press Release
Methode Electronics’ Board Approves Dividend
Methode Electronics declared a quarterly cash dividend of $0.05 per share.
The payment is scheduled for July 31, 2026, to stockholders of record as of July 17, 2026.
This represents a routine maintenance of the existing dividend policy without any announced increase or strategic shift.
• 4mo ago AI analysis › SEC Filing
MEI: 8-K · regulatory action
Methode Electronics, Inc. announced that the SEC Staff has concluded its investigation into the company and will not recommend any enforcement action.
This resolution eliminates the regulatory overhang and potential legal liabilities associated with the probe, providing clarity for investors and management.
The company views this as a positive step forward, allowing it to focus on operational execution without the distraction of ongoing regulatory scrutiny.
SEC 8-K • 5mo ago Press Release
Methode Electronics to Present at the Virtual Oppenheimer Industrial Growth Conference
Methode Electronics will present at the Virtual Oppenheimer Industrial Growth Conference on Monday, May 4, 2026.
The webcast is scheduled to begin at 2:15 PM Eastern Time and will be accessible via the company's investor relations website.
A replay of the presentation will be available online following the event.
• 5mo ago AI analysis › Press Release
Methode Electronics Appoints Industry Veteran Arnie Jensen to the Executive Leadership Team Overseeing Global Operations
Methode Electronics appointed manufacturing veteran Arnie Jensen as Vice President of Global Operations to enhance the company's global execution and operational excellence.
Jensen brings over 25 years of experience, most recently serving as President of Automotive at Race Winning Brands and previously holding leadership roles at American Axle and Federal-Mogul.
The company stated the move supports its ongoing transformation into a leading global supplier of custom-engineered electronics solutions.
• 5mo ago AI analysis › Recent SEC filings with analysis 
