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[8-K] Benchmark Electronics Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Benchmark Electronics (NYSE: BHE) filed an 8-K announcing the appointment of Charles Swoboda as an independent director effective 4 Aug 2025. Swoboda led Cree—now Wolfspeed—as CEO (2001-2017) and chairman (2002-2017) and currently sits on Ryder System’s board, adding >30 years of semiconductor, LED and manufacturing expertise.

Director compensation remains in line with Benchmark’s existing program: (a) $70 k annual cash retainer, (b) $10 k committee retainer for Audit and Human Capital & Compensation or $7.5 k for Nominating, Sustainability & Governance, and (c) a $170 k RSU award each year. Swoboda’s 2025 cash and equity awards will be prorated, with the prorated RSUs scheduled to vest on 13 May 2026.

The company simultaneously issued a press release (Ex. 99.1) but disclosed no operational, financial or guidance updates. Consequently, the filing is primarily a corporate-governance event with limited immediate earnings impact.

Benchmark Electronics (NYSE: BHE) ha depositato un modulo 8-K annunciando la nomina di Charles Swoboda come direttore indipendente a partire dal 4 agosto 2025. Swoboda ha guidato Cree—ora Wolfspeed—come CEO (2001-2017) e presidente (2002-2017) e attualmente fa parte del consiglio di Ryder System, apportando oltre 30 anni di esperienza nei settori dei semiconduttori, LED e manifatturiero.

La compensazione per i direttori resta in linea con il programma esistente di Benchmark: (a) un compenso annuale in contanti di 70.000 dollari, (b) un compenso di 10.000 dollari per i comitati Audit e Human Capital & Compensation o di 7.500 dollari per il comitato Nominating, Sustainability & Governance, e (c) un premio annuale in azioni vincolate (RSU) di 170.000 dollari. Le retribuzioni in contanti e in azioni di Swoboda per il 2025 saranno proporzionate, con le RSU proporzionate che matureranno il 13 maggio 2026.

La società ha contemporaneamente emesso un comunicato stampa (Ex. 99.1) ma non ha fornito aggiornamenti operativi, finanziari o sulle previsioni. Di conseguenza, il deposito rappresenta principalmente un evento di governance aziendale con un impatto immediato limitato sugli utili.

Benchmark Electronics (NYSE: BHE) presentó un formulario 8-K anunciando el nombramiento de Charles Swoboda como director independiente con efecto a partir del 4 de agosto de 2025. Swoboda dirigió Cree—ahora Wolfspeed—como CEO (2001-2017) y presidente (2002-2017) y actualmente forma parte del consejo de Ryder System, aportando más de 30 años de experiencia en semiconductores, LED y manufactura.

La compensación para directores se mantiene en línea con el programa actual de Benchmark: (a) 70,000 dólares anuales en efectivo, (b) 10,000 dólares para los comités de Auditoría y Capital Humano & Compensación o 7,500 dólares para Nominaciones, Sostenibilidad & Gobernanza, y (c) un premio anual en unidades de acciones restringidas (RSU) de 170,000 dólares. Las compensaciones en efectivo y acciones de Swoboda para 2025 serán prorrateadas, con las RSU prorrateadas que se consolidarán el 13 de mayo de 2026.

La compañía emitió simultáneamente un comunicado de prensa (Ex. 99.1) pero no divulgó actualizaciones operativas, financieras o de guía. Por lo tanto, la presentación es principalmente un evento de gobierno corporativo con un impacto limitado e inmediato en las ganancias.

Benchmark Electronics(NYSE: BHE)ëŠ� 2025ë…� 8ì›� 4ì¼ë¶€ë¡� 찰스 스워보다(Charles Swoboda)ì� ë…립 ì´ì‚¬ 임명ì� 발표하는 8-K 보고서를 제출했습니다. 스워보다ëŠ� 2001ë…„ë¶€í„� 2017년까지 Cree(현재 Wolfspeed)ì� CEOë¥�, 2002ë…„ë¶€í„� 2017년까지 회장ì� 역임했으ë©� 현재 Ryder System ì´ì‚¬íšŒì— 참여하고 있어 ë°˜ë„ì²�, LED ë°� 제조 분야ì—서 30ë…� ì´ìƒì� 경험ì� 보유하고 있습니다.

ì´ì‚¬ 보수ëŠ� Benchmarkì� 기존 프로그램ê³� ì¼ì¹˜í•˜ë©°, (a) ì—°ê°„ 현금 보수 7ë§� 달러, (b) ê°ì‚¬ ë°� ì¸ì ìžë³¸Â·ë³´ìƒìœ„ì›íšŒì— 1ë§� 달러, ë˜ëŠ” 지명·지ì†ê°€ëŠ¥ì„±Â·ê±°ë²„ë„ŒìŠ¤ 위ì›íšŒì— 7,500달러, (c) 매년 17ë§� 달러 ìƒë‹¹ì� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU)ê°€ í¬í•¨ë©ë‹ˆë‹�. 스워보다ì� 2025ë…� 현금 ë°� ì£¼ì‹ ë³´ìˆ˜ëŠ� 비례 ë°°ë¶„ë˜ë©°, 비례 ë°°ë¶„ë� RSUëŠ� 2026ë…� 5ì›� 13ì¼ì— ë² ìŠ¤íŒ…ë  ì˜ˆì •ìž…ë‹ˆë‹�.

회사ëŠ� ë™ì‹œì—� ë³´ë„ìžë£Œ(Ex. 99.1)ë¥� 발표했으ë‚� ìš´ì˜, 재무 ë˜ëŠ” ê°€ì´ë˜ìŠ� ì—…ë°ì´íЏëŠ� 없었습니ë‹�. ë”°ë¼ì„� ì´ë²ˆ ë³´ê³ ëŠ� 주로 기업 거버넌스 ê´€ë � ì´ë²¤íŠ¸ë¡œ, 즉ê°ì ì¸ ìˆ˜ìµ ì˜í–¥ì€ 제한ì ìž…니다.

Benchmark Electronics (NYSE : BHE) a déposé un formulaire 8-K annonçant la nomination de Charles Swoboda en tant qu’administrateur indépendant à compter du 4 août 2025. Swoboda a dirigé Cree—aujourd’hui Wolfspeed—en tant que PDG (2001-2017) et président (2002-2017) et siège actuellement au conseil d’administration de Ryder System, apportant plus de 30 ans d’expertise dans les semi-conducteurs, les LED et la fabrication.

La rémunération des administrateurs reste conforme au programme existant de Benchmark : (a) une rémunération annuelle en espèces de 70 000 $, (b) une rémunération de 10 000 $ pour les comités Audit et Capital Humain & Rémunération ou de 7 500 $ pour le comité de Désignation, Durabilité & Gouvernance, et (c) une attribution annuelle de RSU d’une valeur de 170 000 $. Les rémunérations en espèces et en actions de Swoboda pour 2025 seront proratisées, les RSU proratisées devant être acquises le 13 mai 2026.

L’entreprise a simultanément publié un communiqué de presse (Ex. 99.1) mais n’a communiqué aucune mise à jour opérationnelle, financière ou de prévisions. Par conséquent, ce dépôt est principalement un événement de gouvernance d’entreprise avec un impact immédiat limité sur les résultats.

Benchmark Electronics (NYSE: BHE) hat ein 8-K eingereicht, in dem die Ernennung von Charles Swoboda als unabhängiges Vorstandsmitglied mit Wirkung zum 4. August 2025 bekannt gegeben wird. Swoboda leitete Cree—heute Wolfspeed—als CEO (2001-2017) und Vorsitzender (2002-2017) und ist derzeit im Vorstand von Ryder System tätig, wodurch er über 30 Jahre Erfahrung in den Bereichen Halbleiter, LED und Fertigung einbringt.

Die Vergütung der Direktoren bleibt im Einklang mit dem bestehenden Programm von Benchmark: (a) jährliche Barvergütung von 70.000 USD, (b) 10.000 USD Ausschussvergütung für Audit und Human Capital & Compensation bzw. 7.500 USD für Nominating, Sustainability & Governance, und (c) eine jährliche RSU-Zuteilung im Wert von 170.000 USD. Swobodas Bar- und Aktienvergütung für 2025 wird anteilig gewährt, wobei die anteiligen RSUs am 13. Mai 2026 vesten.

Das Unternehmen veröffentlichte gleichzeitig eine Pressemitteilung (Ex. 99.1), gab jedoch keine operativen, finanziellen oder prognostischen Updates bekannt. Folglich handelt es sich bei der Einreichung hauptsächlich um ein Corporate-Governance-Ereignis mit begrenzten unmittelbaren Auswirkungen auf die Gewinne.

Positive
  • Appointment of former Cree CEO Charles Swoboda adds deep semiconductor leadership, potentially enhancing Benchmark Electronicsâ€� strategic direction and industry relationships.
Negative
  • None.

Insights

TL;DR: Veteran CEO joins board; strengthens governance, but earnings neutral.

Swoboda’s two-decade leadership at Cree gives Benchmark a director experienced in scaling technology businesses and navigating complex supply chains. His presence should enhance board oversight of capital allocation and innovation strategy, aligning with shareholder interests. However, director additions rarely shift near-term valuation; impact is principally qualitative and long-term.

TL;DR: Adds semiconductor know-how; modest strategic upside, minimal short-term effect.

Benchmark’s EMS model increasingly serves high-reliability and industrial markets. Swoboda’s LED and power-device background could help broaden customer mix in those segments. Nonetheless, without new contracts or capacity announcements, the filing does not alter revenue trajectories. I view the development as strategically helpful but financially immaterial today.

Benchmark Electronics (NYSE: BHE) ha depositato un modulo 8-K annunciando la nomina di Charles Swoboda come direttore indipendente a partire dal 4 agosto 2025. Swoboda ha guidato Cree—ora Wolfspeed—come CEO (2001-2017) e presidente (2002-2017) e attualmente fa parte del consiglio di Ryder System, apportando oltre 30 anni di esperienza nei settori dei semiconduttori, LED e manifatturiero.

La compensazione per i direttori resta in linea con il programma esistente di Benchmark: (a) un compenso annuale in contanti di 70.000 dollari, (b) un compenso di 10.000 dollari per i comitati Audit e Human Capital & Compensation o di 7.500 dollari per il comitato Nominating, Sustainability & Governance, e (c) un premio annuale in azioni vincolate (RSU) di 170.000 dollari. Le retribuzioni in contanti e in azioni di Swoboda per il 2025 saranno proporzionate, con le RSU proporzionate che matureranno il 13 maggio 2026.

La società ha contemporaneamente emesso un comunicato stampa (Ex. 99.1) ma non ha fornito aggiornamenti operativi, finanziari o sulle previsioni. Di conseguenza, il deposito rappresenta principalmente un evento di governance aziendale con un impatto immediato limitato sugli utili.

Benchmark Electronics (NYSE: BHE) presentó un formulario 8-K anunciando el nombramiento de Charles Swoboda como director independiente con efecto a partir del 4 de agosto de 2025. Swoboda dirigió Cree—ahora Wolfspeed—como CEO (2001-2017) y presidente (2002-2017) y actualmente forma parte del consejo de Ryder System, aportando más de 30 años de experiencia en semiconductores, LED y manufactura.

La compensación para directores se mantiene en línea con el programa actual de Benchmark: (a) 70,000 dólares anuales en efectivo, (b) 10,000 dólares para los comités de Auditoría y Capital Humano & Compensación o 7,500 dólares para Nominaciones, Sostenibilidad & Gobernanza, y (c) un premio anual en unidades de acciones restringidas (RSU) de 170,000 dólares. Las compensaciones en efectivo y acciones de Swoboda para 2025 serán prorrateadas, con las RSU prorrateadas que se consolidarán el 13 de mayo de 2026.

La compañía emitió simultáneamente un comunicado de prensa (Ex. 99.1) pero no divulgó actualizaciones operativas, financieras o de guía. Por lo tanto, la presentación es principalmente un evento de gobierno corporativo con un impacto limitado e inmediato en las ganancias.

Benchmark Electronics(NYSE: BHE)ëŠ� 2025ë…� 8ì›� 4ì¼ë¶€ë¡� 찰스 스워보다(Charles Swoboda)ì� ë…립 ì´ì‚¬ 임명ì� 발표하는 8-K 보고서를 제출했습니다. 스워보다ëŠ� 2001ë…„ë¶€í„� 2017년까지 Cree(현재 Wolfspeed)ì� CEOë¥�, 2002ë…„ë¶€í„� 2017년까지 회장ì� 역임했으ë©� 현재 Ryder System ì´ì‚¬íšŒì— 참여하고 있어 ë°˜ë„ì²�, LED ë°� 제조 분야ì—서 30ë…� ì´ìƒì� 경험ì� 보유하고 있습니다.

ì´ì‚¬ 보수ëŠ� Benchmarkì� 기존 프로그램ê³� ì¼ì¹˜í•˜ë©°, (a) ì—°ê°„ 현금 보수 7ë§� 달러, (b) ê°ì‚¬ ë°� ì¸ì ìžë³¸Â·ë³´ìƒìœ„ì›íšŒì— 1ë§� 달러, ë˜ëŠ” 지명·지ì†ê°€ëŠ¥ì„±Â·ê±°ë²„ë„ŒìŠ¤ 위ì›íšŒì— 7,500달러, (c) 매년 17ë§� 달러 ìƒë‹¹ì� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU)ê°€ í¬í•¨ë©ë‹ˆë‹�. 스워보다ì� 2025ë…� 현금 ë°� ì£¼ì‹ ë³´ìˆ˜ëŠ� 비례 ë°°ë¶„ë˜ë©°, 비례 ë°°ë¶„ë� RSUëŠ� 2026ë…� 5ì›� 13ì¼ì— ë² ìŠ¤íŒ…ë  ì˜ˆì •ìž…ë‹ˆë‹�.

회사ëŠ� ë™ì‹œì—� ë³´ë„ìžë£Œ(Ex. 99.1)ë¥� 발표했으ë‚� ìš´ì˜, 재무 ë˜ëŠ” ê°€ì´ë˜ìŠ� ì—…ë°ì´íЏëŠ� 없었습니ë‹�. ë”°ë¼ì„� ì´ë²ˆ ë³´ê³ ëŠ� 주로 기업 거버넌스 ê´€ë � ì´ë²¤íŠ¸ë¡œ, 즉ê°ì ì¸ ìˆ˜ìµ ì˜í–¥ì€ 제한ì ìž…니다.

Benchmark Electronics (NYSE : BHE) a déposé un formulaire 8-K annonçant la nomination de Charles Swoboda en tant qu’administrateur indépendant à compter du 4 août 2025. Swoboda a dirigé Cree—aujourd’hui Wolfspeed—en tant que PDG (2001-2017) et président (2002-2017) et siège actuellement au conseil d’administration de Ryder System, apportant plus de 30 ans d’expertise dans les semi-conducteurs, les LED et la fabrication.

La rémunération des administrateurs reste conforme au programme existant de Benchmark : (a) une rémunération annuelle en espèces de 70 000 $, (b) une rémunération de 10 000 $ pour les comités Audit et Capital Humain & Rémunération ou de 7 500 $ pour le comité de Désignation, Durabilité & Gouvernance, et (c) une attribution annuelle de RSU d’une valeur de 170 000 $. Les rémunérations en espèces et en actions de Swoboda pour 2025 seront proratisées, les RSU proratisées devant être acquises le 13 mai 2026.

L’entreprise a simultanément publié un communiqué de presse (Ex. 99.1) mais n’a communiqué aucune mise à jour opérationnelle, financière ou de prévisions. Par conséquent, ce dépôt est principalement un événement de gouvernance d’entreprise avec un impact immédiat limité sur les résultats.

Benchmark Electronics (NYSE: BHE) hat ein 8-K eingereicht, in dem die Ernennung von Charles Swoboda als unabhängiges Vorstandsmitglied mit Wirkung zum 4. August 2025 bekannt gegeben wird. Swoboda leitete Cree—heute Wolfspeed—als CEO (2001-2017) und Vorsitzender (2002-2017) und ist derzeit im Vorstand von Ryder System tätig, wodurch er über 30 Jahre Erfahrung in den Bereichen Halbleiter, LED und Fertigung einbringt.

Die Vergütung der Direktoren bleibt im Einklang mit dem bestehenden Programm von Benchmark: (a) jährliche Barvergütung von 70.000 USD, (b) 10.000 USD Ausschussvergütung für Audit und Human Capital & Compensation bzw. 7.500 USD für Nominating, Sustainability & Governance, und (c) eine jährliche RSU-Zuteilung im Wert von 170.000 USD. Swobodas Bar- und Aktienvergütung für 2025 wird anteilig gewährt, wobei die anteiligen RSUs am 13. Mai 2026 vesten.

Das Unternehmen veröffentlichte gleichzeitig eine Pressemitteilung (Ex. 99.1), gab jedoch keine operativen, finanziellen oder prognostischen Updates bekannt. Folglich handelt es sich bei der Einreichung hauptsächlich um ein Corporate-Governance-Ereignis mit begrenzten unmittelbaren Auswirkungen auf die Gewinne.

0000863436false00008634362025-08-042025-08-04

 

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): August 04, 2025

 

 

BENCHMARK ELECTRONICS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Texas

001-10560

74-2211011

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

56 South Rockford Drive

 

Tempe, Arizona

 

85288

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (623) 300-7000

 

 

(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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.10 per share

 

BHE

 

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 4, 2025, Benchmark Electronics, Inc. (NYSE: BHE) announced the appointment of Charles Swoboda as an independent director to the Board of Directors of the Company effective immediately.

Mr. Swoboda is a business executive, author, and former Chairman and CEO of Cree, Inc. (“Cree”) (Nasdaq: CREE), now known as Wolfspeed, Inc. (NYSE: WOLF), where he played a central role in the company’s development over more than two decades. Mr. Swoboda joined Cree in 1993, working in business development. He progressed through the organization, becoming CEO in 2001 and Chairman of the Board in 2002. Before joining Cree, Mr. Swoboda began his career at Hewlett-Packard (NYSE: HPQ), where he held roles in sales engineering, product management, and sales management from 1989 to 1993.

Mr. Swoboda currently serves on the board of Ryder System, Inc. (NYSE: R) and has held board positions at Anixter International, Vesper Technologies, and several early-stage technology companies. He is also the author of The Innovator’s Spirit and serves as Innovator-in-Residence at Marquette University.

He holds a Bachelor of Science in Electrical Engineering from Marquette University.

For his service as a member of the Board, Mr. Swoboda will receive the same compensation as other non-employee directors under the Company’s current non-employee director compensation program described in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on April 4, 2025. During 2025, our non-employee directors will receive: (a) an annual retainer of $70,000, (b) an annual retainer of $10,000 for service on the Audit and Human Capital and Compensation Committees and $7,500 for service on the Nominating, Sustainability and Governance Committee, and (c) an annual restricted stock unit (“RSU”) with a grant-date fair market value of $170,000. Mr. Swoboda’s annual retainer and initial RSU grant will be prorated from the date he begins serving on the Board, and the prorated RSU grant is scheduled to vest May 13, 2026.

Item 8.01 Other Events.

On August 4, 2025, the Company issued a press release relating to the matters described under Item 5.02. The press release is incorporated herein by reference to Exhibit 99.1 filed herewith.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description of Exhibit

99.1

Press release, dated August 4, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

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 thereunto duly authorized.

 

 

 

BENCHMARK ELECTRONICS, INC.

 

 

 

 

Date:

August 4, 2025

By:

/s/ Stephen J. Beaver

 

 

 

Stephen J. Beaver, Esq.
Senior Vice President, General Counsel and Chief Legal Officer

 


FAQ

Who was appointed to Benchmark Electronics' (BHE) board on 4 Aug 2025?

Benchmark Electronics appointed Charles Swoboda as an independent director effective immediately.

What relevant experience does Charles Swoboda bring to Benchmark Electronics?

Swoboda spent over 20 years at Cree/Wolfspeed, serving as CEO and chairman, and currently sits on Ryder System’s board.

How will Charles Swoboda be compensated as a BHE director?

He will receive a $70 k cash retainer, applicable committee retainers ($10 k or $7.5 k) and $170 k in RSUs annually, prorated for 2025.

When will Swoboda’s initial RSU grant vest?

The prorated RSU grant is scheduled to vest on 13 May 2026.

Did the 8-K include any financial guidance or earnings data for Benchmark Electronics?

No. The filing focuses solely on the board appointment and provides no financial or operational updates.
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