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)

 

 

7401 West Wilson Avenue, Chicago, Illinois 60706

(Address of principal executive offices) (Zip Code)

 

Registrant’s 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

 

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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.

 

 

	METHODE ELECTRONICS, INC.
Date: July 20, 2009	By:	/s/ Douglas A. Koman
		Douglas A. Koman
		Chief Financial Officer

 

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INDEX TO EXHIBITS

 

Exhibit No.		Description of Exhibit
10.1		Form of Amendment to Change in Control Agreement

 

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