EidosMedia

Methode Electronics Announces CFO Transition Plan

Retrieved on: 
Monday, April 8, 2024
Retirement, Methode Electronics, AlixPartners, Accounting, Annual report, EidosMedia, Electronics, LED, Controller, CFO

Mr. Rawden has held multiple CFO and interim CFO positions at both publicly traded and private companies.

Key Points: 
  • Mr. Rawden has held multiple CFO and interim CFO positions at both publicly traded and private companies.
  • "I would like to thank Ron for his many contributions to Methode and wish him the best in his retirement.
  • David is a seasoned finance executive, and Methode will benefit from his expertise over the next several months."
  • “I am proud of my time at Methode and am confident in the opportunities ahead for the company as I transition into retirement.”

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI

Retrieved on: 
Sunday, March 31, 2024
Pomerantz, EidosMedia, News, LLP

NEW YORK, March 31, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).

Key Points: 
  • NEW YORK, March 31, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
  • The investigation concerns whether Methode and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer .
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI

Retrieved on: 
Saturday, March 23, 2024
Pomerantz, EidosMedia, News, LLP

NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).

Key Points: 
  • NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
  • The investigation concerns whether Methode and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer .
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEI

Retrieved on: 
Friday, March 15, 2024
Pomerantz, Prior, EidosMedia, News, LLP

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).

Key Points: 
  • NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI).
  • The investigation concerns whether Methode and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • On July 14, 2023, Methode announced that “[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer .
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Attention Methode Electronics, Inc. Investors: Company Investigated by the Portnoy Law Firm

Retrieved on: 
Monday, March 11, 2024
EPS, EidosMedia, Methode Electronics

LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Methode stock. Methode investors are encouraged to contact the firm to discuss their legal rights.

Key Points: 
  • LOS ANGELES, March 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Methode stock.
  • Methode investors are encouraged to contact the firm to discuss their legal rights.
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing.

Legal Alert: Johnson Fistel has Commenced a Class Action Investigation Following Significant News

Retrieved on: 
Thursday, March 7, 2024
LLP, SAN, EPS, EidosMedia, Methode Electronics, Pharmaceutical industry

The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.

Key Points: 
  • The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
  • If you bought securities and suffered significant losses on your investment, join our investigation now:
    There is no cost or obligation to you.
  • Methode reported Q3 non-GAAP EPS of -$0.33 missing estimates by $0.41 and revenue of $259.5M missing estimates by $28.53 million.
  • Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program.

Methode Electronics, Inc. Reports Fiscal 2024 Third Quarter Financial Results

Retrieved on: 
Thursday, March 7, 2024
Acquisition, Depreciation, Share repurchase, Tax, CST, Automotive industry, Net, Methode Electronics, EidosMedia, Interface, Weakness, Industrial, Electronics, Lighting, LED

CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024.

Key Points: 
  • CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024.
  • We plan to share an update on our business review when we report fiscal fourth quarter results in June.
  • Comparing the Automotive segment’s quarter to the same quarter of fiscal 2023,
    Net sales were $139.7 million, down from $176.5 million.
  • Comparing the Industrial segment’s quarter to the same quarter of fiscal 2023,
    Net sales were $107.1 million, up from $91.0 million.

Methode Electronics Alert: Johnson Fistel Has Commenced a Class Action Investigation

Retrieved on: 
Friday, March 8, 2024
Public Policy, Government, Class Action Lawsuit, Legal, Professional Services, LLP, EPS, EidosMedia, Methode Electronics

Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors.

Key Points: 
  • Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors.
  • The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
  • If you bought securities and suffered significant losses on your investment, join our investigation now:
    There is no cost or obligation to you.
  • Methode reported Q3 non-GAAP EPS of -$0.33 missing estimates by $0.41 and revenue of $259.5M missing estimates by $28.53 million.

METHODE ALERT: Bragar Eagel & Squire, P.C. is Investigating Methode Electronics Inc. on Behalf of Methode Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, January 11, 2024
Telephone, EidosMedia, News, P.C

NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of Methode stockholders.

Key Points: 
  • NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Methode Electronics Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of Methode stockholders.
  • Our investigation concerns whether Methode has violated the federal securities laws and/or engaged in other unlawful business practices.
  • Then, on December 7, 2023, Methode announced that the Company had removed Joseph Khoury from his position as Chief Operating Officer and terminated him as an employee.
  • On this news, Methode’s stock price fell $2.27 per share, or 9.27%, to close at $22.13 per share on December 7, 2023.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

Retrieved on: 
Friday, December 29, 2023
Class Action Lawsuit, Professional Services, Legal, GPM, News, Methode Electronics, Person, EidosMedia

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI ) investors concerning the Company’s possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI ) investors concerning the Company’s possible violations of the federal securities laws.
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • On July 14, 2023, Methode announced that its Chief Operating Officer, Joseph Khoury, had been placed on leave and that his “powers, authority and duties .
  • Whistleblower Notice: Persons with non-public information regarding Methode should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.