Company: BHE
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025644
Chunk: 113

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 113
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 within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, a control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Item 9B.  Other Information

Insider Trading Arrangement Adoptions and Modifications

During the three months ended December 31, 2024, no director or officer adopted or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” each as defined in Item 408 of Regulation S-K.

Item 9C.  Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Not applicable.

76

PART III

Item 10.  Directors, Executive Officers and Corporate Governance

The information required by this item can be found in the Company’s Proxy Statement for the 2025 Annual Meeting of Shareholders (the 2025 Proxy Statement) to be filed with the SEC not later than 120 days after the end of the Company’s fiscal year ended December 31, 2024 and is incorporated herein by reference.

Item 11.  Executive Compensation

The information required by this item can be found in the 2025 Proxy Statement and is incorporated herein by reference.

Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

The following table sets forth certain information relating to our equity compensation plans as of December 31, 2024:

    Plan Category
     
    Number ofSecurities to be IssuedUpon Exerciseof OutstandingOptions,Warrants and Rights(a)

    Weighted-AverageExercise Priceof OutstandingOptions,Warrants andRights(b)

    Number ofSecurities RemainingAvailable for FutureIssuance under Equity Compensation Plans (Excluding Securities Reflected in Column (a))(c)

    Equity compensation plans approved by security holders

    1,601,912

    $