. . | --- | --- | |---------------------------------------------|-------| | | | | MOU for Offtake of Caldeira Project MREC in | | | Brazil to USA Oxide Production Project | | August 20, 2024 11:01 PM EDT | Source: Ucore Rare Metals Inc. Halifax, Nova Scotia and Perth, Australia--(Newsfile Corp. - August 20, 2024) - Meteoric Resources NL (ASX: MEI) ("Meteoric") and Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore") announce the August 2024 execution of a memorandum of understanding ("MOU") for the s ...

SAN DIEGO, Aug. 9, 2024 /PRNewswire/ -- 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. What if I purchased Methode securities? If you bought secur ...

NEW YORK and CHICAGO, Aug. 2, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that is investigating potential claims against Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI). The investigation focuses on whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION On July 1 ...

Company Developments - On July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer of Methode, leading to a stock price decline of $0.53 per share, or 1.57%, closing at $33.27 on July 14, 2023 [1] - On December 7, 2023, Methode announced the termination of Joseph Khoury as Chief Operating Officer, resulting in a further stock price drop of $2.27 per share, or 9.27%, closing at $22.13 [2] Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims against Methode Electronics, Inc. on behalf of stockholders, focusing on possible violations of federal securities laws and other unlawful business practices [5]

Company Performance - Methode reported a quarterly loss of $0.23 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.21, and a decline from earnings of $0.21 per share a year ago [1] - The company has not surpassed consensus EPS estimates over the last four quarters [2] - Methode's shares have decreased by approximately 58.5% since the beginning of the year, contrasting with the S&P 500's gain of 18.1% [3] Revenue and Earnings Outlook - For the upcoming quarter, the current consensus EPS estimate is -$0.16 on revenues of $272.32 million, and for the current fiscal year, it is -$0.04 on revenues of $1.09 billion [5] - Methode posted revenues of $277.3 million for the quarter ended April 2024, exceeding the Zacks Consensus Estimate by 1.65%, but down from $301.2 million year-over-year [11] Industry Context - Methode operates within the Zacks Electronics - Connectors industry, which is currently ranked in the top 2% of over 250 Zacks industries [14] - The industry outlook can significantly influence stock performance, with empirical research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [14]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 27, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-33731 METHODE ELECTRONICS, INC. (Exact name of Registrant as specified in its charter) | Delaware | | --- | (State or ...

Mr. Nystrom added, "Our focus remains on long-term profitability improvement. We are undertaking initiatives to reduce costs, particularly in the areas of sourcing, logistics, and S&A, monetizing non-critical assets, managing our strong backlog of program launches, and improving low margin programs. We will also continue our efforts to reduce working capital, increase free cash flow, and reduce net debt. These actions are all foundational to our long-term plans and will carry on beyond the company's leaders ...

Methode Electronics to Announce Fourth Quarter Fiscal 2024 Results on Thursday, July 11, 2024 Seasoned CEO Brings Deep Experience in Engineered Products and Track Record of Driving Successful Strategic Transformation CHICAGO, June 25, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Jon DeGaynor has been appointed President, Chief Executive ...

Company Announcement - Methode Electronics, Inc. announced the appointment of Jon DeGaynor as President and CEO effective July 15, 2024, succeeding interim CEO Kevin Nystrom [1][3] - The company will release its fourth quarter results for the period ended April 27, 2024, on July 11, 2024, before the market opens [5] Leadership Background - Jon DeGaynor has a 35-year career in engineered-products businesses, previously serving as President and CEO of Stoneridge, Inc. from 2015 to 2023, where he led a strategic shift towards being a systems provider [2][4] - DeGaynor's experience includes roles at Guardian Industries Corp. and SRG Global, Inc., focusing on strategic planning, innovation, and business development [4] Strategic Focus - DeGaynor aims to restore profitability and strengthen the company's foundation while continuing the review of operations, costs, and portfolio [3] - The Board of Directors expressed confidence in DeGaynor's ability to guide the company towards profitability and growth [3]

Company Overview - Methode Electronics, Inc. is a leading global supplier of custom-engineered solutions with operations in North America, Europe, the Middle East, and Asia [1] - The company specializes in designing, engineering, and producing mechatronic products for OEMs, utilizing a broad range of technologies for user interface, LED lighting systems, power distribution, and sensor applications [1] Financial Announcement - The board of directors of Methode Electronics, Inc. has declared a quarterly dividend of $0.14 per share [2] - This dividend is scheduled to be paid on July 26, 2024, to common stockholders of record at the close of business on July 12, 2024 [2] Market Segments - Methode Electronics operates in various end markets, including transportation (automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, and consumer appliances [3] - The business is managed on a segment basis, with key segments being Automotive, Industrial, and Interface [3]