Associated tags: Electronics, Engineering, Methode Electronics, Original equipment manufacturer, LED, NYSE, EidosMedia
Locations: CHICAGO, IL, US, ASIA, NORTH AMERICA, CHINA, EUROPE, MIDDLE EAST
CHICAGO, May 06, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed interim CEO, effective immediately. The company has previously disclosed its ongoing engagement with AlixPartners for various consulting services, including cost reduction and financial advisory.
Key Points:
- Methode's Board of Directors, with the assistance of executive search firm Spencer Stuart, has initiated a search to identify a permanent CEO.
- The company’s former President and Chief Executive Officer, Donald W. Duda, remains a strategic consultant to Methode through January 2025 and will continue to provide support during the transition period.
- Walter J. Aspatore, Chairman of the Methode Board, said, “The Board will work diligently to undertake a comprehensive and timely search to identify a permanent CEO.
- Mr. Nystrom said, “I look forward to joining Methode and leveraging my experience to advance the initiatives already underway, including driving operational efficiencies across the business.”
Mr. Rawden has held multiple CFO and interim CFO positions at both publicly traded and private companies.
Key Points:
- Mr. Rawden has held multiple CFO and interim CFO positions at both publicly traded and private companies.
- "I would like to thank Ron for his many contributions to Methode and wish him the best in his retirement.
- David is a seasoned finance executive, and Methode will benefit from his expertise over the next several months."
- “I am proud of my time at Methode and am confident in the opportunities ahead for the company as I transition into retirement.”
NEW YORK, March 31, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
Key Points:
- NEW YORK, March 31, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
- The investigation concerns whether Methode and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer .
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
Key Points:
- NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
- The investigation concerns whether Methode and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer .
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
Key Points:
- NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
- The investigation concerns whether Methode and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer .
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
CHICAGO, March 14, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on April 26, 2024, to common stockholders of record at the close of business on April 12, 2024.
Key Points:
- CHICAGO, March 14, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on April 26, 2024, to common stockholders of record at the close of business on April 12, 2024.
LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Methode stock. Methode investors are encouraged to contact the firm to discuss their legal rights.
Key Points:
- LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Methode stock.
- Methode investors are encouraged to contact the firm to discuss their legal rights.
- The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
- The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.
The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
Key Points:
- The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
- If you bought securities and suffered significant losses on your investment, join our investigation now:
There is no cost or obligation to you.
- Methode reported Q3 non-GAAP EPS of -$0.33 missing estimates by $0.41 and revenue of $259.5M missing estimates by $28.53 million.
- Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.
Acquisition,
Depreciation,
Share repurchase,
Tax,
CST,
Automotive industry,
Net,
Methode Electronics,
EidosMedia,
Interface,
Weakness,
Industrial,
Electronics,
Lighting,
LED CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024.
Key Points:
- CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024.
- We plan to share an update on our business review when we report fiscal fourth quarter results in June.
- Comparing the Automotive segment’s quarter to the same quarter of fiscal 2023,
Net sales were $139.7 million, down from $176.5 million.
- Comparing the Industrial segment’s quarter to the same quarter of fiscal 2023,
Net sales were $107.1 million, up from $91.0 million.
Retrieved on:
Thursday, February 22, 2024
CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its third quarter fiscal 2024 results for the period ended January 27, 2024, on Thursday, March 7, 2024, before the market opens.
Key Points:
- CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its third quarter fiscal 2024 results for the period ended January 27, 2024, on Thursday, March 7, 2024, before the market opens.
- To participate in the conference call, please dial 888-506-0062 (domestic) or 973-528-0011 (international) at least five minutes prior to the start of the event.
- A replay of the teleconference will be available shortly after the call through March 21, 2024, by dialing 877-481-4010 and providing passcode 49943.
- A webcast replay will also be available through the company’s website, www.methode.com, on the Investors page.
