BHE Benchmark Electronics Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 17, 2023

 

 

BENCHMARK ELECTRONICS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Texas			001-10560	74-2211011
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
56 South Rockford Drive
Tempe, Arizona				85288
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (623) 300-7000

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.10 per share		BHE		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

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Item 8.01 Other Events.

On July 17, 2023, Benchmark Electronics, Inc. (the “Company”) issued a press release announcing the appointment of David Valkanoff as Executive Vice President, Chief Operating Officer of the Company, effective immediately. The press release is incorporated herein by reference to Exhibit 99.1 filed herewith.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
99.1		Press release, dated July 17, 2023
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			BENCHMARK ELECTRONICS, INC.
Date:	July 17, 2023	By:	/s/ Stephen J. Beaver
			Stephen J. Beaver, Esq. Senior Vice President, General Counsel and Chief Legal Officer

 

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Exhibit 99.1

FOR IMMEDIATE RELEASE

Benchmark Appoints Dave Valkanoff as EVP and Chief Operating Officer

Global Manufacturing Executive with Strong Track Record of Driving Operational Excellence to Lead Worldwide Manufacturing Operations

TEMPE, Ariz., July 17, 2023 - Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced the appointment of David Valkanoff as the company's Executive Vice President (EVP), Chief Operating Officer (COO), effective immediately. Valkanoff will lead Benchmark's worldwide manufacturing operations in the United States, Mexico, Asia, and Europe. He will be instrumental in driving operational excellence and lean methodologies across the entire product lifecycle for its customers.

"I look forward to leveraging the diverse perspective that Dave brings to Benchmark. His extensive experience in Electronics Manufacturing Services (EMS) and precision machining, coupled with his global experience running manufacturing for a large original equipment manufacturer (OEM) like Carrier, makes him uniquely qualified to help Benchmark continue our journey to further optimize our operations and deliver for our customers," stated Jeff Benck, president and CEO at Benchmark. "With Dave's wealth of expertise, I am confident he will add tremendous value to Benchmark as we continue on our growth strategy."

With more than 30 years of global operations experience in the aerospace and defense, industrial, automotive, semiconductor, and electronics sectors, Valkanoff joins the company from Carrier Corporation, where he was the vice president of operations for its refrigeration segment. His prior experience includes executive roles at TPG, Celestica, Visteon, and Nissan, among others. While at Celestica, Valkanoff supported the communications, aerospace and defense, enterprise and cloud solutions, renewable energy, health tech, and semiconductor equipment market customers. He was also the executive sponsor of their Lean Six Sigma initiatives globally. Valkanoff holds a Master of Business Administration from Central Michigan University and a BA in Economics and Management from Albion College.

"Benchmark is a world-class engineering and manufacturing partner to some of the world's most innovative brands,” said Valkanoff. “The company’s unwavering dedication to customers, passion for innovation, and comprehensive solution offering is impressive. I am excited to join Benchmark and leverage the expertise of its talented team to propel our growth."

To learn more about Benchmark's executive team, please visit www.bench.com/leadership-team.

 

About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, complex industrials, medical, and semiconductor capital equipment. Benchmark operates in eight countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

For More Information, Please Contact:

Alec Robertson

Brodeur Partners on behalf of Benchmark

Email: arobertson@brodeur.com

Mobile: 585-281-6399

 

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Document And Entity Information	Jul. 17, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jul. 17, 2023
Entity Registrant Name	BENCHMARK ELECTRONICS, INC.
Entity Central Index Key	0000863436
Entity Emerging Growth Company	false
Securities Act File Number	001-10560
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	74-2211011
Entity Address, Address Line One	56 South Rockford Drive
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85288
City Area Code	(623)
Local Phone Number	300-7000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	BHE
Security Exchange Name	NYSE

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