METHODE ELECTRONICS INC

Methode Electronics, Inc. will hold its 2026 Annual Meeting of Stockholders virtually on September 16, 2026, at 11:00 a.m. EDT. Stockholders of record as of July 23, 2026, will vote on the election of seven director nominees, approval of the 2026 Omnibus Incentive Plan, ratification of Ernst & Young LLP as the independent auditor, and an advisory vote on executive compensation. The Board of Directors recommends voting "FOR" all proposals. The proxy statement also details the company's corporate governance practices, including director independence, committee structures, risk oversight, ESG initiatives, and stock ownership guidelines.

Methode Electronics, Inc. filed its 10-K, announcing the divestment of its dataMate business in the fourth quarter of fiscal 2026 and the winding down of its consumer appliance business. The report also highlighted a shift in segment contributions, with the Industrial segment's net sales rising to 51.4% in fiscal 2026, surpassing the Automotive segment at 45.9%. The company detailed its global operations and various risk factors.

Methode Electronics reported a strong fourth quarter for fiscal year 2026, with net sales rising 15.9% to $298.1 million and net income reaching $0.4 million, a substantial improvement from a net loss in the prior year. For the full fiscal year 2026, net sales were $1,019.2 million, and Adjusted EBITDA grew by 60.5% to $68.2 million, alongside positive free cash flow of $15.6 million. The company provided an optimistic outlook for fiscal year 2027, forecasting net sales between $1.025 billion and $1.075 billion and Adjusted EBITDA of $72 million to $82 million, driven by transformation progress and operational improvements.

Methode Electronics reported a significant turnaround in its fiscal fourth quarter 2026, achieving net income of $0.4 million compared to a substantial loss in the prior year, with net sales increasing by 15.9% to $298.1 million. For the full fiscal year 2026, the company's net sales decreased slightly to $1,019.2 million, but Adjusted EBITDA surged by 60.5% to $68.2 million, and free cash flow turned positive at $15.6 million. The company provided an optimistic outlook for fiscal year 2027, projecting net sales between $1.025 billion and $1.075 billion and Adjusted EBITDA between $72 million and $82 million, driven by ongoing transformation and operational improvements.

Methode Electronics, Inc. announced it will release its fourth quarter and full year fiscal 2026 financial results on Wednesday, June 24, 2026, after market close. The company will host a conference call and webcast the following day, Thursday, June 25, 2026, at 11:00 a.m. EST, to discuss the financial and operational highlights. Investors can access the webcast on the company's investor relations website.

Methode Electronics, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.05 per share. This dividend is scheduled to be paid on July 31, 2026, to common stockholders who are on record at the close of business on July 17, 2026.

Methode Electronics announced that the Securities and Exchange Commission (SEC) Staff has concluded its investigation into the company. The SEC Staff informed Methode Electronics on May 14, 2026, that it does not intend to recommend any enforcement action.

Methode Electronics, Inc. announced it will present at the Oppenheimer Industrial Growth Conference on May 4, 2026, at 2:15 PM Eastern Time. The presentation will be accessible via a live webcast on the company's investor relations website, with a replay also available afterward. This event provides an opportunity for investors to hear updates from the company.

Methode Electronics, Inc. announced the appointment of Arnie Jensen as Vice President of Global Operations. Jensen, a manufacturing industry veteran with over 25 years of experience, will leverage his expertise to enhance Methode's global operations and drive excellence. The company expects his leadership to lead to significant improvements in manufacturing capability, quality, and delivery, supporting its transformation into a leading global supplier of innovative electronics solutions.