- Current report filing (8-K)
July 20 2009 - 4:05PM
Edgar (US Regulatory)
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 16, 2009
METHODE
ELECTRONICS, INC.
(Exact name of registrant
as specified in its charter)
Delaware
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0-2816
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36-2090085
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(State or other
jurisdiction
of incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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7401
West Wilson Avenue, Chicago, Illinois 60706
(Address of principal
executive offices) (Zip Code)
Registrants telephone
number, including area code:
(708) 867-6777
Not
Applicable
(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:
o
Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement
Effecctive July 16, 2009, Methode Electronics, Inc.
(Methode) and each of Donald W. Duda, Douglas A. Koman, Timothy
R. Glandon, Theodore D. Kill, Thomas D. Reynolds and Ronald L.G.
Tsoumas, executive officers of Methode, agreed to amend the Change in Control
Agreements dated September 1, 2006.
The amendment increases from 10 percent to 25 percent
the total value of Benefits that must be exceeded before a Gross-Up Payment
shall be made. A Form of Amendment to Change in Control Agreement is
attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
.
10.1 Form of
Amendment to Change in Control Agreement
2
SIGNATURE
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 hereunto duly authorized.
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METHODE ELECTRONICS, INC.
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Date: July 20, 2009
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By:
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/s/ Douglas A. Koman
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Douglas A. Koman
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Chief Financial Officer
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3
INDEX
TO EXHIBITS
Exhibit No.
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Description
of Exhibit
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10.1
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Form of Amendment to Change in Control
Agreement
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4
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