Contact Information: For Methode Electronics Inc. - Investor Contacts: Philip Kranz Dresner Corporate Services 312-780-7240 pkranz@dresnerco.com Kristine Walczak Dresner Corporate Services 312-780-7205 kwalczak@dresnerco.com
Methode Electronics' Board Approves Dividend
Shareholders Approve Election of Board of Directors and Ratify Ernst & Young to Serve as Independent Registered Public Accounting Firm at Annual Meeting
| Source: Methode, Inc.
CHICAGO, IL--(Marketwire - September 17, 2009) - Methode Electronics, Inc. (NYSE : MEI ), a global
designer and manufacturer of electro-mechanical devices, announced today
that its board of directors has declared a quarterly dividend of $0.07 per
share to be paid on October 30, 2009, to common stockholders of record at
the close of business on October 16, 2009.
Additionally, Methode's stockholders ratified the reelection of each member
of its board of directors, as well as ratified the Audit Committee's
selection of Ernst & Young LLP to serve as its independent registered
public accounting firm for the fiscal year ending May 1, 2010; at its
annual meeting of shareholders held today.
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE : MEI ) is a global designer and manufacturer
of electro-mechanical devices with manufacturing, design and testing
facilities in the United States, Malta, Mexico, United Kingdom, Germany,
Czech Republic, China, Singapore, the Philippines and India. We design,
manufacture and market devices employing electrical, electronic, wireless,
radio remote control, sensing and optical technologies to control and
convey signals through sensors, interconnections and controls. Our business
is managed on a segment basis, with those segments being Automotive,
Interconnect, Power Products and Other. Our components are in the primary
end markets of the automobile, computer, information processing and
networking equipment, voice and data communication systems, consumer
electronics, appliances, aerospace vehicles and industrial equipment
industries. Further information can be found on Methode's Web site
www.methode.com.