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Methode Electronics Announces Results of Annual Meeting; Board of Directors Names New Chairman of the Board and Declares Quarterly Dividend


CHICAGO, IL -- (Marketwire) -- 09/13/12 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced voting results from the Company's annual shareholders meeting held on September 13, 2012. The director nominees Walter J. Aspatore, Warren L. Batts, J. Edward Colgate, Darren M. Dawson, Donald W. Duda, Stephen F. Gates, Isabelle C. Goossen, Christopher J. Hornung, Paul G. Shelton and Lawrence B. Skatoff were each reelected to Methode's board of directors for a further one-year term. Additionally, the Company's shareholders ratified the re-appointment of Ernst & Young LLP as the Company's independent registered public accounting firm and approved, with over 97 percent consent, executive compensation on an advisory basis.

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. (NYSE: MEI) is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in China, Germany, India, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States. We design, manufacture and market devices employing electrical, electronic, wireless, safety 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

For Methode Electronics Inc. - Investor Contacts:Kristine Walczak 
Dresner Corporate Services

Philip Kranz, 
Dresner Corporate Services

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