SMT, PCB Electronics Industry News

SMT, PCB Electronics Industry News

News from Methode Electronics, Inc.


Methode Electronics Board Approves Dividend and Shareholders Reelect Board of Directors and Approve all Proposals

Sep 18, 2007

Methode Electronics, Inc. (Nasdaq: METH), announced its Board of Directors has declared a quarterly dividend of $0.05 per share to be paid on October 26, 2007 to common stockholders of record at the close of business on October 12, 2007.

Methode held its annual meeting of stockholders on September 13, 2007 to elect directors, ratify Ernst & Young LLP as the Company's independent registered public accounting firm and to approve the Methode Electronics, Inc. 2007 Cash Incentive and Stock Plans.

All directors were reelected, the appointment of Ernst & Young was ratified and each of the Cash Incentive and Stock Plans passed with a majority of votes cast.

About Methode Electronics

Methode Electronics, Inc. (NASDAQ: METH) is a global manufacturer of component and subsystem devices with manufacturing, design and testing facilities in the United States, Malta, Mexico, United Kingdom, Germany, Czech Republic, China and Singapore. We design, manufacture and market devices employing electrical, electronic, wireless, 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 Distribution 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. Further information can be found at Methode's website at http://www.methode.com.

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Methode Electronics Board Approves Dividend and Shareholders Reelect Board of Directors and Approve all Proposals news release has been viewed 601 times

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