Business Context and Reporting Period
This Form 8-K Current Report was filed by Benchmark Electronics, Inc. (NYSE: BHE) on August 4, 2025. The report discloses corporate governance changes effective immediately on the filing date.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial information disclosed relates to director compensation.
- Annual Director Retainer: $70,000
- Committee Retainers: $10,000 (Audit and Human Capital/Compensation); $7,500 (Nominating, Sustainability, and Governance)
- Annual RSU Grant Value: $170,000 (grant-date fair market value)
Material Changes
The primary material change is the appointment of Charles Swoboda as an independent director to the Board of Directors. Mr. Swoboda brings extensive experience as the former Chairman and CEO of Cree, Inc. (now Wolfspeed, Inc.) and previously held roles at Hewlett-Packard. He currently serves on the board of Ryder System, Inc.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. It notes that Mr. Swoboda's compensation will be prorated from his start date, with the initial RSU grant scheduled to vest on May 13, 2026.
Investor Verification Checklist
- Verify the effective date of Charles Swoboda's board appointment (August 4, 2025).
- Confirm the vesting schedule for the initial RSU grant (May 13, 2026).
- Review the definitive proxy statement filed on April 4, 2025, for full details on the non-employee director compensation program.
- Note that this filing does not contain updated financial results or operational metrics.