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Methode Electronics Inc 2025年度报告

2026-06-24 美股财报 ShenLM
报告封面

FORM 11-K ☒ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Methode Electronics, Inc. 401(k) Savings Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Methode Electronics, Inc.25650 West Eleven Mile RoadSouthfield, MI 48034-2253 Financial Statements andsupplemental schedules Methode Electronics, Inc. 401(k) Savings PlanYears Ended December 31, 2025 and 2024 Supplemental Schedule Schedule H, Line 4i – Schedule of Assets (Held at End of Year)11Schedule H, Line 4a - Schedule of Delinquent Participant Contributions12 Report of Independent Registered Public Accounting Firm The Administration Committee and ParticipantsMethode Electronics, Inc.401(k) Savings Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Methode Electronics, Inc.401(k) Savings Plan (the “Plan”) as of December 31, 2025 and 2024, and the related statements of changes in netassets available for benefits for the years then ended, and the related notes (collectively, the “financialstatements”).In our opinion, the financial statements present fairly, in all material respects, the net assets Basis for Opinion These financial statements are the responsibility of the Plan’s management.Our responsibility is to expressan opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registeredwith the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be We conducted our audits in accordance with the standards of the PCAOB. Those standards require that weplan and perform the audit to obtain reasonable assurance about whether the financial statements are free ofmaterial misstatement, whether due to error or fraud. Our audits included performing procedures to assess therisk of material misstatement of the financial statements, whether due to error or fraud, and performingprocedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements.Our audits also include evaluating the Supplemental Information The supplemental information in the accompanying Schedule H, Part IV, Line 4a – Schedule of DelinquentParticipant Contributions and Schedule H, Part IV, Line 4i – Schedule of Assets (Held at End of Year) as ofDecember 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of thePlan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Ouraudit procedures included determining whether the supplemental schedules reconcile to the financialstatements or the underlying accounting and other records, as applicable, and performing procedures to test /s/ Sassetti LLC We have served as the Plan’s auditor since 2005. June 24, 2026Oak Brook, Illinois Methode Electronics, Inc.401(k) Savings PlanStatements of Net Assets Available for Benefits Methode Electronics, Inc.401(k) Savings PlanNotes to Financial Statements 1. Description of the Plan The following description of the Methode Electronics, Inc. 401(k) Savings Plan (Plan) provides only generalinformation. Participants should refer to the Plan agreement or Summary Plan Description (SPD) for a morecomplete description of the Plan’s provisions. Copies of the SPD are available from Methode Electronics, General The Plan is a defined-contribution plan established to provide additional retirement and other benefits foreligible employees, to enable eligible employees, through systematic savings, to accumulate funds on a tax-advantageous basis, and to provide a vehicle through which the plan sponsor, Methode Electronics, Inc. andits subsidiaries (the Company), can attract and retain qualified employees. Participation Participation in the Methode Electronics, Inc. 401(k) Savings Plan begins on the employee’s hire date and isaccomplishedthrough an automatic enrollment process.The participant is automatically enrolled tocontribute 3% of their eligible wages into the American Balanced Fund, the Plan’s Qualified Default Contributions Participants may elect to contribute a minimum of 1% of their annual compensation (as defined in the Plan)pre-tax, after-tax Roth 401(k) or any combination, up to the maximum annual dollar limit allowable by theInternal Revenue Service (IRS). The Company contributes to the Plan, on behalf of each participant, a “safe-harbor” non-elective contributionof 3% of each participant’s eligible compensation (as defined by the Plan), subject to the IRS maximumamount, for the portion of the Plan year in which the employee was a participant in the Plan. Participants may direct contributions into various investment options offered by the Plan. Participant Withdrawa