CHICAGO, IL--(Marketwire - Sep 13, 2012) - Methode Electronics, Inc. (
Methode also announced that Mr. Batts decided not to stand for the position of chairman of the board but will remain a director. The Company's board of directors has named Mr. Aspatore as the new chairman of the board effective immediately. Mr. Aspatore became a director in 2008 and has served as chairman emeritus of Amherst Partners, LLC since 2010. Previously, he was chairman of Amherst Partners from 1994 through 2010. Before co-founding Amherst Partners, he served in various executive positions at Bendix, TRW, and Cross & Trecker. Mr. Aspatore also serves as a director of Mackinac Financial Corporation, a bank holding company.
President and Chief Executive Officer Donald Duda said, "Warren has played an instrumental role in the evolution of Methode's business over the years, and I am delighted that the Company will be able to continue to benefit from his leadership and guidance as a director."
Mr. Aspatore commented, "I am privileged to have the opportunity to serve Methode as chairman and work with outstanding directors and a management team driven by integrity and commitment to excellence and shareholder value."
Finally, Methode's board of directors has declared a quarterly dividend of $0.07 per share to be paid on October 26, 2012, to common stockholders of record at the close of business on October 12, 2012.
About Methode Electronics, Inc.
Methode Electronics, Inc. (
Contact Information:
For Methode Electronics Inc. - Investor Contacts:
Kristine Walczak
Dresner Corporate Services
312-780-7205
kwalczak@dresnerco.com
Philip Kranz,
Dresner Corporate Services
312-780-7240
pkranz@dresnerco.com