Methode Electronics shareholders approve all proposals at annual meeting

Shareholders of Methode Electronics, Inc. (NYSE:MEI) voted Wednesday at the company’s annual meeting to elect seven directors, ratify the selection of the company’s independent auditor, and approve executive compensation in an advisory vote, according to a press release statement based on a filing with the Securities and Exchange Commission.

The seven directors elected to serve until the next annual meeting or until their successors are qualified are David P. Blom, Therese M. Bobek, Brian J. Cadwallader, Bruce K. Crowther, Jonathan B. DeGaynor, Mary A. Lindsey, and Mark D. Schwabero. Each nominee received at least 25.0 million votes in favor, with votes against ranging from approximately 700,000 to 2.2 million and broker non-votes totaling 3.4 million for each candidate.

Shareholders also voted to ratify the Audit Committee’s selection of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending May 2, 2026. The proposal received 30,173,012 votes in favor, 466,878 against, and 50,697 abstentions.

On the advisory vote regarding named executive officer compensation, 24,480,053 shares were voted in favor, 2,779,095 against, and 60,874 abstained. Broker non-votes for this proposal totaled 3,370,565.

Methode Electronics, based in Chicago, is incorporated in Delaware and its common stock is listed on the New York Stock Exchange under the symbol MEI.

This information is based on a press release statement and details from the company’s recent SEC filing.

In other recent news, Methode Electronics Inc . announced its Q1 fiscal 2026 earnings, revealing a mixed performance in terms of expectations. The company reported an adjusted diluted loss per share of $0.22, which slightly missed the forecasted $0.20. However, Methode Electronics exceeded revenue expectations, posting $240.5 million against the anticipated $232.55 million. This revenue performance highlights a stronger-than-expected sales period for the company. These results come amid a backdrop of improved cash flow for Methode Electronics. The earnings announcement has attracted significant attention from investors and analysts. While the company’s earnings per share fell short, the revenue beat could indicate underlying strengths in its operations. These recent developments are crucial for stakeholders assessing the company’s financial health and market position.

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