Business Context and Reporting Period
This Form 8-K Current Report was filed by Benchmark Electronics, Inc. on December 16, 2025. The filing addresses corporate governance changes, specifically executive succession planning and associated compensation adjustments.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and compensation matters rather than financial performance data.
Material Changes
- Executive Succession: David Moezidis is confirmed to succeed Jeffrey W. Benck as Chief Executive Officer upon Mr. Benck's retirement on March 31, 2026.
- Leadership Transition: David L. Cummings has succeeded Mr. Moezidis as Chief Commercial Officer following Mr. Moezidis's promotion to President.
- Compensation Adjustment: In recognition of the promotion to President, Mr. Moezidis's base salary increased from $546,300 to $650,000. His target annual cash incentive compensation increased from $409,725 to $487,500, maintaining a target of 75% of his base salary.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. The primary focus is the execution of previously announced succession plans and the formal approval of compensatory arrangements by the Human Capital and Compensation Committee.
Investor Verification Checklist
- Verify the effective date of Jeffrey W. Benck's retirement (March 31, 2026).
- Confirm the new reporting structure with David Moezidis as President and David L. Cummings as Chief Commercial Officer.
- Review the impact of the increased executive compensation on the company's overall compensation expense in future quarterly reports.