Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
JASPER, IN— Kimball Electronics , Inc. (NASDAQ:KE), a global electronic manufacturing services provider with a market capitalization of $418 million and annual revenue of $1.59 billion, has announced the promotion of Douglas A. Hass to Chief Legal and Administrative Officer and Secretary, effective immediately. This internal promotion was reported on March 24, 2025, as per the company’s recent SEC filing. According to InvestingPro data, the company maintains a strong financial health score, reflecting its solid operational foundation.
Hass, 49, has been serving as the company’s Chief Legal and Compliance Officer and Secretary since 2022. His prior experience includes a tenure as Associate General Counsel and Assistant Secretary since 2020 with Kimball Electronics. Before joining the company, Hass held the position of General Counsel and Secretary at Lifeway Foods from 2016.
According to the SEC filing, Hass’s promotion did not involve any new compensatory or severance arrangements. He will continue to participate in the existing executive compensation plans, which include the 2023 Equity Incentive Plan and the Leadership Team Severance and Change in Control Plan. InvestingPro analysis shows the company trading at a P/E ratio of 53.17, with liquid assets comfortably exceeding short-term obligations, as evidenced by a healthy current ratio of 2.28.
The company clarified that there are no familial relationships between Hass and any board members or executive officers. Additionally, there are no transactions involving Hass that are reportable under Item 404(a) of Regulation S-K. The appointment was made without any external arrangements or understandings between Hass and other persons.
Kimball Electronics’ filing also included no changes to the company’s financial statements or exhibits that would affect its reporting obligations.
This leadership change comes as Kimball Electronics continues to navigate the competitive landscape of the printed circuit boards industry, maintaining a gross profit margin of 7.39%. The announcement is based on a press release statement and provides investors and stakeholders with the latest governance developments within the company. For deeper insights into Kimball Electronics’ financial health, valuation metrics, and additional ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Kimball Electronics has disclosed its financial results for the second quarter, ending December 31, 2024. The earnings report, which has been furnished to the Securities and Exchange Commission (SEC), provides a detailed account of the company’s financial performance and condition for the quarter. This release is part of the company’s compliance with the Securities Exchange Act of 1934. The report includes technical documentation formatted in Inline XBRL, allowing for easy processing and analysis by software. The Chief Financial Officer, Jana T. Croom, has signed off on the report, ensuring adherence to regulatory requirements. Investors can access this earnings release through the SEC’s filing system to gain insights into Kimball Electronics’ recent financial trajectory. These developments offer stakeholders a transparent view of the company’s financial health as of the end of the second quarter of the fiscal year 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.