Methode Electronics (MEI) executive compensation, 2026 proxy

Jonathan DeGaynor, President and Chief Executive Officer, was paid $8.1M in fiscal 2026, up 41% from $5.7M the year before. The CEO-to-median-employee pay ratio was 678:1, on median employee pay of $11,926.

Filed
July 31, 2026
Annual meeting
September 16, 2026
Pay year
fiscal 2026
Named executives
5
CEO total pay
$8.1M+41% vs prior year
CEO to median employee
678:1median $11,926
CEO pay in equity
55%$4.5M in awards
Prior say-on-pay support
90%of votes cast
CEO target bonus
125%Percentage of base salary
CEO equity awards
$4,456,045Grant-date fair value
Pre-tax income weighting
70%Annual incentive metric
Free cash flow weighting
30%Annual incentive metric

How DeGaynor was paid

$8.1M in total for fiscal 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary13%Stock awards55%Non-equity incentive32%All other compensation1%

Named executive officers

ExecutiveTotal
Jonathan DeGaynorPresident and Chief Executive Officer$8,090,755
Laura KowalchikChief Financial Officer$2,549,784
Lars UllrichSenior Vice President, Global Automotive Business$2,034,740
John ErwinChief Procurement and EHS Officer$1,487,114
Kerry VyverbergGeneral Counsel$1,865,705

What changed and why

  • $8.1M$8,090,755 CEO total compensation exceeded the prior year's $5,739,219.
  • 70%70% of annual incentive targets depended on pre-tax income, while 30% depended on free cash flow.
  • 200%200% of target was the maximum annual incentive payout.
  • $4.5M$4,456,045 of CEO stock awards combined time-based and performance-based restricted stock units.
  • $425K$425,000 retention award was paid to General Counsel Kerry Vyverberg.
  • $16M$16 million divestiture proceeds from dataMate supported portfolio simplification.

Other Methode Electronics proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.