Methode Electronics Inc.

Electronic Components • Technology • Chicago, IL, United States • MEI (NYQ)

708 867 6777 8750 West Bryn Mawr Avenue, Chicago, IL 60631-3518, United States

Quarter: Q3 2025 Reported: September 18, 2025 Sentiment: Neutral

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.

Analysis Summary

Methode Electronics, Inc. held its annual meeting of stockholders on September 17, 2025, where shareholders voted on three key proposals. All seven nominated directors were successfully elected to hold office until the next annual meeting. The director elections saw strong support across the board; for example, Jonathan B. DeGaynor received the highest number of 'For' votes at 26,594,914, while even the lowest, Mark D. Schwabero, still secured 25,439,097 'For' votes, demonstrating solid shareholder confidence in the board's composition. The number of 'Against' votes for any director remained relatively low, indicating a stable and accepted leadership team.

The second proposal, the ratification of Ernst & Young LLP to serve as the company's independent registered public accounting firm for the fiscal year ending May 2, 2026, passed with overwhelming approval. A total of 30,173,012 votes were cast 'For' the ratification, compared to only 466,878 'Against' and 50,697 'Abstain' votes. This translates to approximately 98.2% approval, underscoring strong shareholder endorsement of the company's chosen auditor and its financial oversight mechanisms.

Finally, the advisory vote to approve the company's named executive officer compensation, or 'Say-on-Pay,' also received significant shareholder backing. The proposal garnered 24,480,053 'For' votes, representing about 89.6% of the votes cast on the matter, against 2,779,095 'Against' votes and 60,874 'Abstain' votes. This high level of approval suggests that shareholders are largely satisfied with the current executive compensation structure, aligning management incentives with shareholder interests.

It is important to highlight that this 8-K filing is solely a report on the outcomes of the annual shareholder meeting and does not contain any financial results or operational updates for Q3 2025. Therefore, while the governance aspects appear stable and well-supported, no conclusions can be drawn regarding the company's financial performance, segment revenues, profitability, or forward guidance from this specific announcement.

Key Highlights

• All seven nominated directors successfully elected to the board.
• Ernst & Young LLP overwhelmingly ratified as independent auditor (approx. 98.2% approval).
• Named executive officer compensation approved by a significant majority (approx. 89.6% approval).
• Annual shareholder meeting concluded with all proposals passing.
• Strong shareholder alignment on corporate governance matters.
• No Q3 2025 financial results or operational updates were disclosed in this filing.

Financial Metrics

eps

revenue

guidance

net income

Stock Performance (90 Days)

Data through Dec 29, 2025

Positive Signals

• Strong shareholder support for board elections
• Overwhelming ratification of independent auditor
• High approval for executive compensation
• Stable corporate governance structure
• Routine and successful annual meeting outcomes

Risks & Concerns

— Absence of Q3 2025 financial performance data in this filing
— Potential for future shareholder dissent if financial performance is not aligned with executive compensation
— Reliance on routine governance without new strategic initiatives disclosed
— Market uncertainty not addressed due to lack of financial context