Business Context and Reporting Period
This Form 8-K Current Report was filed by Methode Electronics, Inc. on September 7, 2025. The report discloses a material corporate governance event: the appointment of a new Chief Accounting Officer.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and appointment details.
Material Changes
The primary material change reported is the appointment of Stacie Schulz as the Company's Chief Accounting Officer, effective September 11, 2025. Ms. Schulz will report directly to Laura Kowalchik, the Chief Financial Officer.
Management Commentary and Compensation Details
Ms. Schulz brings extensive experience from Superior Industries International, Inc., Tenneco, Inc., Federal-Mogul LLC, and Deloitte & Touche LLC. Her compensation package includes:
- Base Salary: $350,000 annually.
- Annual Bonus: Target amount equal to 50% of the annual base salary.
- Long-Term Incentive (LTI): Annual award valued at $150,000 under the 2026 LTI Program, split 50% time-based restricted stock units and 50% performance-based restricted stock units.
- Termination Benefits: In the event of termination without cause, a payment equal to one-half the sum of her annual salary and target bonus, plus up to six months of Company-paid COBRA coverage.
The filing states there are no other understandings or arrangements regarding this appointment and no relationships requiring disclosure under Item 404(a) or Item 401(d) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of Stacie Schulz's appointment (September 11, 2025).
- Confirm the reporting line to Chief Financial Officer Laura Kowalchik.
- Review the specific terms of the 2026 LTI Program referenced in the compensation package.
- Check for any subsequent filings regarding the departure of the previous Chief Accounting Officer, if applicable.