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Actionable news in MEI: METHODE ELECTRONICS,

Departure of Directors or Certain


Methode Electronics, Inc. (the Company) previously reported that Thomas Reynolds, Chief Operating Officer, ceased to be employed by the Company. Mr. Reynolds last day of employment was September 9, 2015. On September 20, 2015, the Company entered into an Agreement and General Release with Mr. Reynolds which became effective on September 28, 2015 after a revocation period (the Agreement).

Pursuant to the Agreement, Mr. Reynolds is entitled to certain compensation in return for a release of claims and a one-year non-compete covenant. Mr. Reynolds will be paid his annual...