Company: BHE
Filing Date: 2025-08-04
Form Type: 8-K
Source: 0000950170-25-102057
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Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-08-04
Form: 8-K
Item: Item 5.02
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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, 202