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|                                 |
|---------------------------------|
|                                 |  |
| Delaware                        | 36-2090085 |
| (State or other jurisdiction of | (IRS Employer |
| incorporation or organization)  | Identification No.) |

|                                          |
|------------------------------------------|
|                                          |  |
| 7401 West Wilson Avenue                  |   |
| Chicago, Illinois                   | 60706-4548 |
| (Address of Principal Executive Offices) | (Zip Code) |

|                               |
|-------------------------------|
|                               |  |  |
|                          |   | Name of each exchange |
| Title of each Class           |   | on which registered |
| Common Stock, $0.50 Par Value |   | New York Stock Exchange |

|                           |
|---------------------------|
|                           |  |  |
| Large accelerated filer o |   | Accelerated filer x |
| Non-accelerated filer o   |   | Smaller reporting company o |

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|               |
|---------------|
|               |  |  |
| PART I   |
| Item 1.  | Business | 1 |
| Item 1A.      | Risk Factors | 3 |
| Item 2.  | Properties | 8 |
| Item 3.  | Legal Proceedings | 9 |
|          |   |   |
| PART II  |
| Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 10 |
| Item 6.  | Selected Financial Data | 11 |
| Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 12 |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 33 |
| Item 8.  | Financial Statements and Supplementary Data | 33 |
| Item 9A. | Controls and Procedures | 33 |
|          |   |   |
| PART III |
| Item 10. | Directors, Executive Officers and Corporate Governance | 35 |
| Item 11. | Executive Compensation | 35 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 35 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence | 35 |
| Item 14. | Principal Accounting Fees and Services | 35 |
|          |   |   |
| PART IV  |
| Item 15. | Exhibits, Financial Statement Schedules | 36 |

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|                |
|----------------|
|                |  |  |  |  |  |  |  |  |
|           | Year Ended |
|           | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
| Automotive     | 52.8 | % |   | 53.4 | % |   | 57.2 | % |
| Interconnect   | 32.4 | % |   | 33.3 | % |   | 30.8 | % |
| Power Products | 11.8 | % |   | 10.8 | % |   | 10.0 | % |
| Other          | 3.0 | % |   | 2.5 | % |   | 1.9 | % |

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|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | quarterly variations in our operating results and the operating results of other technology companies; |

|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | actual or anticipated announcements of technical innovations or new products by us or our competitors; |

|         |                                                                                                |
|---------|------------------------------------------------------------------------------------------------|
| • | changes in analysts’ estimates of our financial performance or buy/sell recommendations; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | any acquisitions or divestitures we pursue or complete; |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | general conditions in the aerospace, appliance, automotive, consumer and industrial equipment markets and communications, rail and other transportation industries; and |

|         |                                           |
|---------|-------------------------------------------|
| • | global economic and financial conditions. |

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|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |
| Location                       |   | Use |   | Owned/Leased |   | Approximate Square Footage |
|                           |   |   |   |   |   |   |  |
| Chicago, Illinois         |   | Corporate Headquarters |   | Owned |   | 15,000 |  |
|                           |   |   |   |   |   |   |  |
| Automotive Segment:            |   |   |   |   |   |   |  |
| Carthage, Illinois        |   | Manufacturing |   | Owned |   | 261,000 |  |
| Mriehel, Malta                 |   | Manufacturing |   | Leased |   | 259,220 |  |
| Shanghai, China                |   | Manufacturing |   | Leased |   | 55,485 |  |
| McAllen, Texas                 |   | Warehousing |   | Leased |   | 38,000 |  |
| Monterrey, Mexico              |   | Manufacturing |   | Leased |   | 36,000 |  |
| Southfield, Michigan           |   | Sales and Engineering Design Center |   | Owned |   | 17,000 |  |
| Bangalore, India          |   | Engineering Design Center |   | Leased |   | 9,860 |  |
| Gau-Algesheim, Germany         |   | Sales and Engineering Design Center |   | Leased |   | 8,100 |  |
| Burnley, England               |   | Engineering Design Center |   | Leased |   | 5,900 |  |
| Sin El Fil, Lebanon            |   | Engineering Design Center |   | Leased |   | 2,300 |  |
|                           |   |   |   |   |   |   |  |
| Interconnect Segment:          |   |   |   |   |   |   |  |
| Chicago, Illinois         |   | Manufacturing |   | Owned |   | 38,400 |  |
| Mriehel, Malta                 |   | Manufacturing |   | Leased |   | 32,500 |  |
| Richardson, Texas              |   | Manufacturing |   | Leased |   | 25,700 |  |
| Oklahoma City, Oklahoma        |   | Manufacturing/Design Center |   | Leased |   | 24,700 |  |
| Laguna, Philippines            |   | Manufacturing |   | Leased |   | 22,800 |  |
| Wheaton, Illinois         |   | Manufacturing |   | Leased |   | 22,500 |  |
| Shanghai, China                |   | Manufacturing |   | Leased |   | 15,000 |  |
| San Jose, California           |   | Sales and Design |   | Leased |   | 7,250 |  |
| Singapore                      |   | Sales and Administrative |   | Leased |   | 1,250 |  |
|                           |   |   |   |   |   |   |  |
| Power Products Segment:        |   |   |   |   |   |   |  |
| Rolling Meadows, Illinois |   | Manufacturing |   | Owned |   | 52,000 |  |
| Shanghai, China                |   | Manufacturing |   | Leased |   | 40,000 |  |
| Mosta, Malta                   |   | Manufacturing |   | Leased |   | 32,500 |  |
| San Jose, California           |   | Prototype and Design Center |   | Leased |   | 7,250 |  |
|                           |   |   |   |   |   |   |  |
| Other Segment:                 |   |   |   |   |   |   |  |
| Palatine, Illinois        |   | Test Laboratory |   | Owned |   | 27,000 |  |
| Hunt Valley, Maryland          |   | Test Laboratory |   | Owned |   | 16,000 |  |
| Chicago, Illinois         |   | Manufacturing |   | Owned |   | 10,000 |  |

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|                     |
|---------------------|
|                     |  |  |  |  |  |
| Name                |   | Age |   | Offices and Positions Held and Length of Service as Officer |
| Donald W. Duda      |   | 55 |  |   | Chief Executive Officer of the Company since 2004. President and Director of the Company since 2001. Prior thereto Mr. Duda was Vice President-Interconnect Group since March 2000. Prior thereto Mr. Duda was with Amphenol Corporation through November 1998 as General Manager of its Fiber Optic Products Division since 1988. |
|                |   |   |   |   |
| Douglas A. Koman    |   | 61 |  |   | Chief Financial Officer of the Company since 2004. Vice President, Corporate Finance, of the Company since 2001. Prior thereto Mr. Koman was Assistant Vice President-Financial Analysis since December 2000. Prior thereto Mr. Koman was with Illinois Central Corporation through March 2000 as Controller since November 1997 and Treasurer since July 1991. |
|                |   |   |   |   |
| Thomas D. Reynolds  |   | 48 |  |   | Chief Operating Officer, of the Company since June 2010. Senior Vice President, Worldwide Automotive Operations, of the Company since 2006. Vice President and General Manager, North American Automotive Operations, of the Company since October 2001. Prior thereto Mr. Reynolds was with Donnelly Corporation through October 2001 as Senior Manager of Operations since 1999, and as Director of Transnational Business Unit from 1995 to 1999. |
|                |   |   |   |   |
| Timothy R. Glandon  |   | 47 |  |   | Vice President and General Manager, North American Automotive, of the Company since 2006. Prior thereto Mr. Glandon was General Manager of Automotive Safety Technologies since 2001. Prior thereto Mr. Glandon was Vice President and General Manager with American Components, Inc. from 1996 to 2001. |
|                |   |   |   |   |
| Joseph. E. Khoury   |   | 47 |  |   | Vice President and General Manager, European Automotive, of the Company since 2004. Prior thereto Mr. Khoury was General Manager of Methode Electronics International, GMBH since 2000. |
|                |   |   |   |   |
| Theodore P. Kill    |   | 60 |  |   | Vice President, Worldwide Automotive Sales, of the Company since August 2006. Prior thereto Mr. Kill was a principal with Kill and Associates from 2003 to 2006. Prior thereto Mr. Kill was a principal with Kill and Bolton Associates from 1995 to 2003. |
|                |   |   |   |   |
| Ronald L.G. Tsoumas |   | 50 |  |   | Controller and Treasurer of the Company since 2007. Prior thereto Mr. Tsoumas was Assistant Controller of the Company since July 1998. |

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|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |  |
|                               |   |   |   |   | DividendsPaidPer Share |
|                               | Sales Price Per Share |   |
|                               | High |   | Low |   |
| Fiscal Year ended April 30, 2011   |   |  |   |   |  |   |   |  |
| First Quarter                      | $ | 11.78 |  |   | $ | 9.31 |  |   | $ | 0.07 |  |
| Second Quarter                     | 11.03 |  |   | 7.85 |  |   | 0.07 |  |
| Third Quarter                      | 13.73 |  |   | 9.10 |  |   | 0.07 |  |
| Fourth Quarter                     | 12.74 |  |   | 11.26 |  |   | 0.07 |  |
|                               |   |   |   |   |   |
| Fiscal Year ended May 1, 2010 |   |  |   |   |  |   |   |  |
| First Quarter                      | $ | 8.18 |  |   | $ | 5.28 |  |   | $ | 0.07 |  |
| Second Quarter                     | 9.75 |  |   | 6.92 |  |   | 0.07 |  |
| Third Quarter                      | 12.75 |  |   | 6.99 |  |   | 0.07 |  |
| Fourth Quarter                     | 14.32 |  |   | 9.70 |  |   | 0.07 |  |

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |  |  |  |
| Plan category                                              |   | Number of securitiesto be issued uponexercise ofoutstanding options,warrants and rights |   | Weighted-averageexercise price ofoutstanding options,warrants and rights |   | Number of securitiesremaining availablefor future issuanceunder equitycompensation plans(excluding securitiesreflected in the firstcolumn) |
| Equity compensation plans approved by security holders     |   | 1,131,267 |  |   | $ | 7.43 |  |   | 1,261,931 |  |
| Equity compensation plans not approved by security holders |   | — |  |   | — |  |   | — |  |
| Total                                                      |   | 1,131,267 |  |   | $ | 7.43 |  |   | 1,261,931 |  |

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Period                                                 |   | TotalNumber ofSharesPurchased (1) |   | AveragePrice PaidPer Share |   | Total Number ofShares Purchased asPart of PubliclyAnnounced Plansor Programs |   | Maximum Number ofShares thatMay Yet Be PurchasedUnder the Plans orPrograms |
| January 30, 2011 through February 26, 2011   |   | — |  |   | $ | — |  |   |   |  |   |   |  |
| February 27, 2011 through April 2, 2011 |   | 205 |  |   | 11.82 |  |   |   |  |   |   |  |
| April 3, 2011 through April 30, 2011    |   | 5,173 |  |   | $ | 12.36 |  |   | — |  |   | — |  |
|                                                   |   | 5,378 |  |   | $ | 12.34 |  |   | — |  |   | — |  |

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|                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                              | Fiscal Year Ended |   |
|                                                              | April 30, 2011 |   |   | May 1, 2010 |   |   | May 2, 2009 |   |   | May 3, 2008 (53wks) |   |   | April 28, 2007 |   |
|                                                              | (In Millions, Except Percentages and Per Share Amounts) |   |
| Income Statement Data:                                            |   |  |   |   |   |  |   |   |   |  |   |   |   |  |   |   |   |  |   |
| Net sales                                                         | $ | 428.2 |  |   |   | $ | 377.6 |  |   |   | $ | 428.8 |  |   |   | $ | 555.0 |  |   |   | $ | 450.0 |  |   |
| Income/(loss) before income taxes                                 | 14.5 |  | (1) |   | 7.8 |  | (2) |   | (110.5 | ) | (3) |   | 49.8 |  | (4) |   | 35.5 |  | (5) |
| Income tax expense/(benefit)                                      | (4.1 | ) | (1) |   | (6.0 | ) | (2) |   | 1.7 |  | (3) |   | 9.7 |  | (4) |   | 9.8 |  | (5) |
| Income/(loss) from continuing operations                          | 18.5 |  | (1) |   | 13.8 |  | (2) |   | (112.1 | ) | (3) |   | 39.8 |  | (4) |   | 26.1 |  | (5) |
| Income from discontinued operations, net of tax                   | 0.6 |  | (1) |   | — |  |   |   | — |  |   |   | — |  |   |   | — |  |   |
| Cumulative effect of accounting change, net of tax                | — |  |   |   | — |  |   |   | — |  |   |   | — |  |   |   | 0.1 |  |   |
| Net income/(loss) applicable to Methode Electronics, Inc.    | 19.5 |  | (1) |   | 13.7 |  | (2) |   | (112.5 | ) | (3) |   | 39.8 |  | (4) |   | 26.1 |  | (5) |
| Per Common Share:                                                 |   |  |   |   |   |  |   |   |   |  |   |   |   |  |   |   |   |  |   |
| Basic net income/(loss) from continuing operations                | 0.51 |  | (1) |   | 0.37 |  | (2) |   | (3.05 | ) | (3) |   | 1.07 |  | (4) |   | 0.72 |  | (5) |
| Basic net income/(loss) from discontinued operations              | 0.02 |  | (1) |   | — |  | (2) |   | — |  | (3) |   | — |  | (4) |   | — |  | (5) |
| Basic net income/(loss) applicable to Methode Electronics, Inc.   | 0.53 |  |   |   | 0.37 |  |   |   | (3.05 | ) |   |   | 1.07 |  |   |   | 0.72 |  |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted net income/(loss) from continuing operations              | 0.50 |  | (1) |   | 0.37 |  | (2) |   | (3.05 | ) | (3) |   | 1.06 |  | (4) |   | 0.71 |  | (5) |
| Diluted net income/(loss) from discontinued operations            | 0.02 |  | (1) |   | — |  | (2) |   | — |  | (3) |   | — |  | (4) |   | — |  | (5) |
| Diluted net income/(loss) applicable to Methode Electronics, Inc. | 0.52 |  |   |   | 0.37 |  |   |   | (3.05 | ) |   |   | 1.06 |  |   |   | 0.71 |  |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends                                                         | 0.28 |  |   |   | 0.28 |  |   |   | 0.26 |  |   |   | 0.20 |  |   |   | 0.20 |  |   |
| Book Value                                                        | 6.95 |  |   |   | 6.43 |  |   |   | 6.28 |  |   |   | 9.93 |  |   |   | 8.69 |  |   |
| Long-term Debt                                                    | — |  |   |   | — |  |   |   | — |  |   |   | — |  |   |   | — |  |   |
| Retained Earnings                                                 | 156.0 |  |   |   | 146.8 |  |   |   | 143.6 |  |   |   | 265.8 |  |   |   | 233.7 |  |   |
| Fixed Assets (net)                                                | 61.5 |  |   |   | 61.9 |  |   |   | 69.9 |  |   |   | 90.3 |  |   |   | 86.9 |  |   |
| Total Assets                                                      | 334.7 |  |   |   | 310.8 |  |   |   | 305.3 |  |   |   | 470.2 |  |   |   | 411.7 |  |   |
| Return on Average Equity                                          | 7.9 | % | (1) |   | 6.0 | % | (2) |   | (37.2 | )% | (3) |   | 11.4 | % | (4) |   | 8.5 | % | (5) |
| Pre-tax Income/(loss) as a Percentage of Sales                    | 3.4 | % | (1) |   | 2.1 | % | (2) |   | (25.8 | )% | (3) |   | 9.0 | % | (4) |   | 7.9 | % | (5) |
| Net Income/(loss) as a Percentage of Sales                        | 4.6 | % | (1) |   | 3.6 | % | (2) |   | (26.2 | )% | (3) |   | 7.2 | % | (4) |   | 5.8 | % | (5) |

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|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                      | April 30,2011 |   | May 1,2010 |   | Net Change |   | Net Change |
| Net sales                                                 | $ | 428.2 |  |   | $ | 377.6 |  |   | $ | 50.6 |  |   | 13.4 | % |
|                                                      |   |   |   |   |   |   |   |
| Cost of products sold                                     | 339.0 |  |   | 297.7 |  |   | 41.3 |  |   | 13.9 | % |
|                                                      |   |   |   |   |   |   |   |
| Gross margins                                             | 89.2 |  |   | 79.9 |  |   | 9.3 |  |   | 11.6 | % |
|                                                      |   |   |   |   |   |   |   |
| Restructuring                                             | — |  |   | 7.8 |  |   | (7.8 | ) |   | N/M |  |
| Selling and administrative expenses                       | 70.8 |  |   | 62.4 |  |   | 8.4 |  |   | 13.5 | % |
| Amortization of intangibles                               | 2.4 |  |   | 2.3 |  |   | 0.1 |  |   | 4.3 | % |
| Interest (income)/expense, net                            | 0.2 |  |   | 0.1 |  |   | 0.1 |  |   | 100.0 | % |
| Other, net - (income)/expense                             | 1.3 |  |   | (0.5 | ) |   | 1.8 |  |   | N/M |  |
| Income taxes benefit                                      | (4.1 | ) |   | (6.0 | ) |   | 1.9 |  |   | N/M |  |
| Gain on sale of discontinued business, net of tax         | (0.6 | ) |   | — |  |   | (0.6 | ) |   | N/M |  |
| Net income/(loss) attributable to noncontrolling interest | (0.3 | ) |   | 0.1 |  |   | (0.4 | ) |   | N/M |  |
| Net income attributable to Methode Electronics, Inc. | $ | 19.5 |  |   | $ | 13.7 |  | 0 | $ | 5.8 |  |   | 42.3 | % |
|                                                      |   |   |   |   |   |   |   |
| Percent of sales:                                         | April 30,2011 |   | May 1,2010 |   |   |   |   |
| Net sales                                                 | 100.0 |  % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold                                     | 79.2 |  % |   | 78.8 |  % |   |   |   |   |
| Gross margins                                             | 20.8 |  % |   | 21.2 |  % |   |   |   |   |
| Restructuring                                             | — |  % |   | 2.1 |  % |   |   |   |   |
| Selling and administrative expenses                       | 16.5 |  % |   | 16.5 |  % |   |   |   |   |
| Amortization of intangibles                               | 0.6 |  % |   | 0.6 |  % |   |   |   |   |
| Interest (income)/expense, net                            | — |  % |   | — |  % |   |   |   |   |
| Other, net - (income)/expense                             | 0.3 |  % |   | (0.1 | )% |   |   |   |   |
| Income taxes benefit                                      | (1.0 | )% |   | (1.6 | )% |   |   |   |   |
| Gain on sale of discontinued business, net of tax         | (0.1 | )% |   | — |  % |   |   |   |   |
| Net income/(loss) attributable to noncontrolling interest | (0.1 | )% |   | — |  % |   |   |   |   |
| Net income attributable to Methode Electronics, Inc. | 4.6 |  % |   | 3.6 |  % |   |   |   |   |

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|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | April 30,2011 |   | May 1,2010 |   | Net Change |   | Net Change |
| Net sales                           | $ | 226.0 |  |   | $ | 203.2 |  |   | $ | 22.8 |  |   | 11.2 | % |
|                                |   |   |   |   |   |   |   |
| Cost of products sold               | 186.3 |  |   | 166.7 |  |   | 19.6 |  |   | 11.8 | % |
|                                |   |   |   |   |   |   |   |
| Gross margins                       | 39.7 |  |   | 36.5 |  |   | 3.2 |  |   | 8.8 | % |
|                                |   |   |   |   |   |   |   |
| Restructuring                       | — |  |   | 5.6 |  |   | (5.6 | ) |   | N/M |  |
| Selling and administrative expenses | 26.4 |  |   | 19.6 |  |   | 6.8 |  |   | 34.7 | % |
| Income from operations              | $ | 13.3 |  |   | $ | 11.3 |  |   | $ | 2.0 |  |   | 17.7 | % |
|                                |   |   |   |   |   |   |   |
| Percent of sales:                   | April 30,2011 |   | May 1,2010 |   |   |   |   |
| Net sales                           | 100.0 | % |   | 100.0 | % |   |   |   |   |
| Cost of products sold               | 82.4 | % |   | 82.0 | % |   |   |   |   |
| Gross margins                       | 17.6 | % |   | 18.0 | % |   |   |   |   |
| Restructuring                       | — | % |   | 2.8 | % |   |   |   |   |
| Selling and administrative expenses | 11.7 | % |   | 9.6 | % |   |   |   |   |
| Income from operations              | 5.9 | % |   | 5.6 | % |   |   |   |   |

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|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |
| North America Automotive net sales for fiscal 2010                          | $ | 55.7 |  |
| Termination of certain Ford legacy products at our Reynosa, Mexico facility | (18.2 | ) |
| Termination of Delphi supply agreement                                      | (14.1 | ) |
| Transfer of transmission lead-frame product to Shanghai, China facility     | (11.4 | ) |
| Subtotal                                                                    | 12.0 |  |
|                                                                        |   |
| Ford center console program                                                 | 21.4 |  |
| North American Automotive net sales for fiscal 2011                         | $ | 33.4 |  |

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|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | April 30,2011 |   | May 1,2010 |   | Net Change |   | Net Change |
| Net sales                           | $ | 138.8 |  |   | $ | 124.2 |  |   | $ | 14.6 |  |   | 11.8 |  % |
|                                |   |   |   |   |   |   |   |
| Cost of products sold               | 96.8 |  |   | 88.6 |  |   | 8.2 |  |   | 9.3 |  % |
|                                |   |   |   |   |   |   |   |
| Gross margins                       | 42.0 |  |   | 35.6 |  |   | 6.4 |  |   | 18.0 |  % |
|                                |   |   |   |   |   |   |   |
| Restructuring                       | — |  |   | 1.6 |  |   | (1.6 | ) |   | N/M |  |
| Selling and administrative expenses | 22.0 |  |   | 23.0 |  |   | (1.0 | ) |   | (4.3 | )% |
| Income from operations              | $ | 20.0 |  |   | $ | 11.0 |  |   | $ | 9.0 |  |   | 81.8 |  % |
|                                |   |   |   |   |   |   |   |
| Percent of sales:                   | April 30,2011 |   | May 1,2010 |   |   |   |   |
| Net sales                           | 100.0 | % |   | 100.0 | % |   |   |   |   |
| Cost of products sold               | 69.7 | % |   | 71.3 | % |   |   |   |   |
| Gross margins                       | 30.3 | % |   | 28.7 | % |   |   |   |   |
| Restructuring                       | — | % |   | 1.3 | % |   |   |   |   |
| Selling and administrative expenses | 15.9 | % |   | 18.5 | % |   |   |   |   |
| Income from operations              | 14.4 | % |   | 8.9 | % |   |   |   |   |

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|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | April 30,2011 |   | May 1,2010 |   | Net Change |   | Net Change |
| Net sales                           | $ | 50.4 |  |   | $ | 40.5 |  |   | $ | 9.9 |  |   | 24.4 | % |
|                                |   |   |   |   |   |   |   |
| Cost of products sold               | 39.8 |  |   | 30.0 |  |   | 9.8 |  |   | 32.7 | % |
|                                |   |   |   |   |   |   |   |
| Gross margins                       | 10.6 |  |   | 10.5 |  |   | 0.1 |  |   | 1.0 | % |
|                                |   |   |   |   |   |   |   |
| Restructuring                       | — |  |   | 0.6 |  |   | (0.6 | ) |   | N/M |  |
| Selling and administrative expenses | 7.0 |  |   | 6.5 |  |   | 0.5 |  |   | 7.7 | % |
| Income from operations              | $ | 3.6 |  |   | $ | 3.4 |  |   | $ | 0.2 |  |   | 5.9 | % |
|                                |   |   |   |   |   |   |   |
| Percent of sales:                   | April 30,2011 |   | May 1,2010 |   |   |   |   |
| Net sales                           | 100.0 | % |   | 100.0 | % |   |   |   |   |
| Cost of products sold               | 79.0 | % |   | 74.1 | % |   |   |   |   |
| Gross margins                       | 21.0 | % |   | 25.9 | % |   |   |   |   |
| Restructuring                       | — | % |   | 1.5 | % |   |   |   |   |
| Selling and administrative expenses | 13.9 | % |   | 16.0 | % |   |   |   |   |
| Income from operations              | 7.1 | % |   | 8.4 | % |   |   |   |   |

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|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | April 30,2011 |   | May 1,2010 |   | Net Change |   | Net Change |
| Net sales                           | $ | 13.0 |  |   | $ | 9.3 |  |   | $ | 3.7 |  |   | 39.8 | % |
|                                |   |   |   |   |   |   |   |
| Cost of products sold               | 12.0 |  |   | 9.5 |  |   | 2.5 |  |   | 26.3 | % |
|                                |   |   |   |   |   |   |   |
| Gross margins                       | 1.0 |  |   | (0.2 | ) |   | 1.2 |  |   | N/M |  |
|                                |   |   |   |   |   |   |   |
| Selling and administrative expenses | 3.0 |  |   | 2.1 |  |   | 0.9 |  |   | 42.9 | % |
|                                |   |   |   |   |   |   |   |
| Loss from operations                | $ | (2.0 | ) |   | $ | (2.3 | ) |   | $ | 0.3 |  |   | N/M |  |
|                                |   |   |   |   |   |   |   |
| Percent of sales:                   | April 30,2011 |   | May 1,2010 |   |   |   |   |
| Net sales                           | 100.0 |  % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold               | 92.3 |  % |   | 102.2 |  % |   |   |   |   |
| Gross margins                       | 7.7 |  % |   | (2.2 | )% |   |   |   |   |
| Selling and administrative expenses | 23.1 |  % |   | 22.6 |  % |   |   |   |   |
| Loss from operations                | (15.4 | )% |   | (24.7 | )% |   |   |   |   |

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|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                               | May 1,2010 |   | May 2,2009 |   | Net Change |   | Net Change |
| Net sales                                          | $ | 377.6 |  |   | $ | 428.8 |  |   | $ | (51.2 | ) |   | (11.9 | )% |
|                                               |   |   |   |   |   |   |   |
| Cost of products sold                              | 297.7 |  |   | 356.4 |  |   | (58.7 | ) |   | (16.5 | )% |
|                                               |   |   |   |   |   |   |   |
| Gross margins                                      | 79.9 |  |   | 72.4 |  |   | 7.5 |  |   | 10.4 |  % |
|                                               |   |   |   |   |   |   |   |
| Restructuring                                      | 7.8 |  |   | 25.3 |  |   | (17.5 | ) |   | (69.2 | )% |
| Impairment of goodwill and other assets            | — |  |   | 94.4 |  |   | (94.4 | ) |   | N/M |  |
| Selling and administrative expenses                | 62.4 |  |   | 57.2 |  |   | 5.2 |  |   | 9.1 |  % |
| Amortization of intangibles                        | 2.3 |  |   | 6.9 |  |   | (4.6 | ) |   | (66.7 | )% |
| Interest (income)/expense, net                     | 0.1 |  |   | (1.4 | ) |   | 1.5 |  |   | N/M |  |
| Other (income)/expense, net                        | (0.5 | ) |   | 0.5 |  |   | (1.0 | ) |   | N/M |  |
| Income taxes - (benefit)/expense                   | (6.0 | ) |   | 1.7 |  |   | (7.7 | ) |   | N/M |  |
| Net income attributable to noncontrolling interest | 0.1 |  |   | 0.3 |  |   | (0.2 | ) |   | (66.7 | )% |
| Net income/(loss)                                  | $ | 13.7 |  |   | $ | (112.5 | ) |   | $ | 126.2 |  |   | N/M |  |
|                                               |   |   |   |   |   |   |   |
| Percent of sales:                                  | May 1,2010 |   | May 2,2009 |   |   |   |   |
| Net sales                                          | 100.0 |  % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold                              | 78.8 |  % |   | 83.1 |  % |   |   |   |   |
| Gross margins                                      | 21.2 |  % |   | 16.9 |  % |   |   |   |   |
| Restructuring                                      | 2.1 |  % |   | 5.9 |  % |   |   |   |   |
| Impairment of goodwill and other assets            | — |  % |   | 22.0 |  % |   |   |   |   |
| Selling and administrative expenses                | 16.5 |  % |   | 13.3 |  % |   |   |   |   |
| Amortization of intangibles                        | 0.6 |  % |   | 1.6 |  % |   |   |   |   |
| Interest (income)/expense, net                     | — |  % |   | (0.3 | )% |   |   |   |   |
| Other (income)/expense, net                        | (0.1 | )% |   | 0.1 |  % |   |   |   |   |
| Income taxes - (benefit)/expense                   | (1.6 | )% |   | 0.4 |  % |   |   |   |   |
| Net income attributable to noncontrolling interest | — |  % |   | 0.1 |  % |   |   |   |   |
| Net income/(loss)                                  | 3.6 |  % |   | (26.2 | )% |   |   |   |   |

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|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    | May 1,2010 |   | May 2,2009 |   | Net Change |   | Net Change |
| Net sales                               | $ | 203.2 |  |   | $ | 246.1 |  |   | $ | (42.9 | ) |   | (17.4 | )% |
|                                    |   |   |   |   |   |   |   |
| Cost of products sold                   | 166.7 |  |   | 206.0 |  |   | (39.3 | ) |   | (19.1 | )% |
|                                    |   |   |   |   |   |   |   |
| Gross margins (including other income)  | 36.5 |  |   | 40.1 |  |   | (3.6 | ) |   | (9.0 | )% |
|                                    |   |   |   |   |   |   |   |
| Restructuring                           | 5.6 |  |   | 19.3 |  |   | (13.7 | ) |   | (71.0 | )% |
| Impairment of goodwill and other assets | — |  |   | 30.5 |  |   | (30.5 | ) |   | N/M |  |
| Selling and administrative expenses     | 19.6 |  |   | 14.6 |  |   | 5.0 |  |   | 34.2 |  % |
| Income/(loss) from operations           | $ | 11.3 |  |   | $ | (24.3 | ) |   | $ | 35.6 |  |   | N/M |  |
|                                    |   |   |   |   |   |   |   |
| Percent of sales:                       | May 1,2010 |   | May 2,2009 |   |   |   |   |
| Net sales                               | 100.0 | % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold                   | 82.0 | % |   | 83.7 |  % |   |   |   |   |
| Gross margins (including other income)  | 18.0 | % |   | 16.3 |  % |   |   |   |   |
| Restructuring                           | 2.8 | % |   | 7.8 |  % |   |   |   |   |
| Impairment of goodwill and other assets | — | % |   | 12.4 |  % |   |   |   |   |
| Selling and administrative expenses     | 9.6 | % |   | 5.9 |  % |   |   |   |   |
| Income/(loss) from operations           | 5.6 | % |   | (9.9 | )% |   |   |   |   |

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|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    | May 1,2010 |   | May 2,2009 |   | Net Change |   | Net Change |
| Net sales                               | $ | 124.2 |  |   | $ | 131.2 |  |   | $ | (7.0 | ) |   | (5.3 | )% |
|                                    |   |   |   |   |   |   |   |
| Cost of products sold                   | 88.6 |  |   | 99.7 |  |   | (11.1 | ) |   | (11.1 | )% |
|                                    |   |   |   |   |   |   |   |
| Gross margins                           | 35.6 |  |   | 31.5 |  |   | 4.1 |  |   | 13.0 |  % |
|                                    |   |   |   |   |   |   |   |
| Restructuring                           | 1.6 |  |   | 5.5 |  |   | (3.9 | ) |   | (70.9 | )% |
| Impairment of goodwill and other assets | — |  |   | 56.9 |  |   | (56.9 | ) |   | N/M |  |
| Selling and administrative expenses     | 23.0 |  |   | 31.0 |  |   | (8.0 | ) |   | (25.8 | )% |
| Income/(loss) from operations           | $ | 11.0 |  |   | $ | (61.9 | ) |   | $ | 72.9 |  |   | N/M |  |
|                                    |   |   |   |   |   |   |   |
| Percent of sales:                       | May 1,2010 |   | May 2,2009 |   |   |   |   |
| Net sales                               | 100.0 | % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold                   | 71.3 | % |   | 76.0 |  % |   |   |   |   |
| Gross margins                           | 28.7 | % |   | 24.0 |  % |   |   |   |   |
| Restructuring                           | 1.3 | % |   | 4.2 |  % |   |   |   |   |
| Impairment of goodwill and other assets | — | % |   | 43.4 |  % |   |   |   |   |
| Selling and administrative expenses     | 18.5 | % |   | 23.6 |  % |   |   |   |   |
| Income/(loss) from operations           | 8.9 | % |   | (47.2 | )% |   |   |   |   |

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|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                    | May 1,2010 |   | May 2,2009 |   | Net Change |   | Net Change |
| Net sales                               | $ | 40.5 |  |   | $ | 42.7 |  |   | $ | (2.2 | ) |   | (5.2 | )% |
|                                    |   |   |   |   |   |   |   |
| Cost of products sold                   | 30.0 |  |   | 37.2 |  |   | (7.2 | ) |   | (19.4 | )% |
|                                    |   |   |   |   |   |   |   |
| Gross margins                           | 10.5 |  |   | 5.5 |  |   | 5.0 |  |   | 90.9 |  % |
|                                    |   |   |   |   |   |   |   |
| Restructuring                           | 0.6 |  |   | 0.5 |  |   | 0.1 |  |   | 20.0 |  % |
| Impairment of goodwill and other assets | — |  |   | 5.4 |  |   | (5.4 | ) |   | N/M |  |
| Selling and administrative expenses     | 6.5 |  |   | 5.1 |  |   | 1.4 |  |   | 27.5 |  % |
| Income/(loss) from operations           | $ | 3.4 |  |   | $ | (5.5 | ) |   | $ | 8.9 |  |   | N/M |  |
|                                    |   |   |   |   |   |   |   |
| Percent of sales:                       | May 1,2010 |   | May 2,2009 |   |   |   |   |
| Net sales                               | 100.0 | % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold                   | 74.1 | % |   | 87.1 |  % |   |   |   |   |
| Gross margins                           | 25.9 | % |   | 12.9 |  % |   |   |   |   |
| Restructuring                           | 1.5 | % |   | 1.2 |  % |   |   |   |   |
| Impairment of goodwill and other assets | — | % |   | 12.6 |  % |   |   |   |   |
| Selling and administrative expenses     | 16.0 | % |   | 11.9 |  % |   |   |   |   |
| Income/(loss) from operations           | 8.4 | % |   | (12.9 | )% |   |   |   |   |

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|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | May 1,2010 |   | May 2,2009 |   | Net Change |   | Net Change |
| Net sales                                    | $ | 9.3 |  |   | $ | 8.2 |  |   | $ | 1.1 |  |   | 13.4 |  % |
|                                         |   |   |   |   |   |   |   |
| Cost of products sold                        | 9.5 |  |   | 8.9 |  |   | 0.6 |  |   | 6.7 |  % |
|                                         |   |   |   |   |   |   |   |
| Gross margins                                | (0.2 | ) |   | (0.7 | ) |   | 0.5 |  |   | N/M |  |
|                                         |   |   |   |   |   |   |   |
| Impairment of goodwill and intangible assets | — |  |   | 1.6 |  |   | (1.6 | ) |   | N/M |  |
| Selling and administrative expenses          | 2.1 |  |   | 2.8 |  |   | (0.7 | ) |   | (25.0 | )% |
| Loss from operations                         | $ | (2.3 | ) |   | $ | (5.1 | ) |   | $ | 2.8 |  |   | N/M |  |
|                                         |   |   |   |   |   |   |   |
| Percent of sales:                            | May 1,2010 |   | May 2,2009 |   |   |   |   |
| Net sales                                    | 100.0 |  % |   | 100.0 |  % |   |   |   |   |
| Cost of products sold                        | 102.2 |  % |   | 108.5 |  % |   |   |   |   |
| Gross margins                                | (2.2 | )% |   | (8.5 | )% |   |   |   |   |
| Impairment of goodwill and intangible assets | — |  % |   | 19.5 |  % |   |   |   |   |
| Selling and administrative expenses          | 22.6 |  % |   | 34.1 |  % |   |   |   |   |
| Loss from operations                         | (24.7 | )% |   | (62.2 | )% |   |   |   |   |

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|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Fiscal Year Ended |
|                                        | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
| Net income/(loss)                           | $ | 19.2 |  |   | $ | 13.8 |  |   | $ | (112.2 | ) |
| Depreciation and amortization               | 15.8 |  |   | 19.4 |  |   | 37.0 |  |
| Changes in operating assets and liabilities | (16.1 | ) |   | (11.5 | ) |   | 6.3 |  |
| Other non-cash items                        | (1.9 | ) |   | 5.7 |  |   | 112.1 |  |
| Cash flow from operations                   | $ | 17.0 |  |   | $ | 27.4 |  |   | $ | 43.2 |  |

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|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                  | Payments Due By Period |
|                  | Total |   | Less than 1 year |   | 1-3 years |   | 4-5 years |   | More than 5 years |
| Operating leases      | $ | 6,488 |  |   | $ | 2,480 |  |   | $ | 3,098 |  |   | $ | 910 |  |   | $ | — |  |
| Purchase obligations  | 51,300 |  |   | 51,300 |  |   | — |  |   | — |  |   | — |  |
| Deferred compensation | 4,910 |  |   | 344 |  |   | 1,331 |  |   | 293 |  |   | 2,942 |  |
| Total                 | $ | 62,698 |  |   | $ | 54,124 |  |   | $ | 4,429 |  |   | $ | 1,203 |  |   | $ | 2,942 |  |

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|        |
|--------|
|        |  |  |
|   | METHODE ELECTRONICS, INC. |
|   | (Registrant) |
|   |   |
|   | By: | /s/ DOUGLAS A. KOMAN |
|   | Douglas A. Koman |
|   | Chief Financial Officer |
|   | (Principal Accounting and Financial Officer) |

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|                             |
|-----------------------------|
|                             |  |  |  |  |
| Signature                   |   | Title |   | Date |
|                        |   |   |   |   |
| /s / WARREN L. BATTS        |   | Chairman of the Board |   | June 30, 2011 |
| Warren L. Batts             |   |   |   |   |
|                        |   |   |   |   |
| /s / CHRISTOPHER J. HORNUNG |   | Vice Chairman of the Board |   | June 30, 2011 |
| Christopher J. Hornung      |   |   |   |   |
|                        |   |   |   |   |
| /s/ DONALD W. DUDA          |   | Chief Executive Officer, President & Director |   | June 30, 2011 |
| Donald W. Duda              |   | (Principal Executive Officer) |   |   |
|                        |   |   |   |   |
| /s / DOUGLAS A. KOMAN       |   | Chief Financial Officer |   | June 30, 2011 |
| Douglas A. Koman            |   |   |   |   |
|                        |   |   |   |   |
| /s / WALTER J. ASPATORE     |   | Director |   | June 30, 2011 |
| Walter J. Aspatore          |   |   |   |   |
|                        |   |   |   |   |
| /s/ J. EDWARD COLGATE       |   | Director |   | June 30, 2011 |
| J. Edward Colgate           |   |   |   |   |
|                        |   |   |   |   |
| /s/ DARREN M. DAWSON        |   | Director |   | June 30, 2011 |
| Darren M. Dawson            |   |   |   |   |
|                        |   |   |   |   |
| /s / STEPHEN F. GATES       |   | Director |   | June 30, 2011 |
| Stephen F. Gates            |   |   |   |   |
|                        |   |   |   |   |
| /s / ISABELLE C. GOOSSEN    |   | Director |   | June 30, 2011 |
| Isabelle C. Goossen         |   |   |   |   |
|                        |   |   |   |   |
| /s / PAUL G. SHELTON        |   | Director |   | June 30, 2011 |
| Paul G. Shelton             |   |   |   |   |
|                        |   |   |   |   |
| /s / LAWRENCE B. SKATOFF    |   | Director |   | June 30, 2011 |
| Lawrence B. Skatoff         |   |   |   |   |

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|        |
|--------|
|        |  |  |
| (1)    | Financial Statements |   |
|   |   |   |
|   | The following consolidated financial statements of Methode Electronics, Inc. and subsidiaries are included in Item 8: |   |
|   |   |   |
|   | Report of Independent Registered Public Accounting Firm | F-1 |
|   |   |   |
|   | Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting | F-2 |
|   |   |   |
|   | Consolidated Balance Sheets — April 30, 2011 and May 1, 2010 | F-3 |
|   |   |   |
|   | Consolidated Statements of Operations — Years Ended April 30, 2011, May 1, 2010 and May 2, 2009 | F-4 |
|   |   |   |
|   | Consolidated Statements of Shareholders’ Equity — Years Ended April 30, 2011, May 1, 2010 and May 2, 2009 | F-5 |
|   |   |   |
|   | Consolidated Statements of Cash Flows — Years Ended April 30, 2011, May 1, 2010 and May 2, 2009 | F-6 |
|   |   |   |
|   | Notes to Consolidated Financial Statements | F-7 |
|   |   |   |
| (2)    | Financial Statement Schedule |   |
|   |   |   |
|   | Schedule II — Valuation and Qualifying Accounts | F-33 |

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|                        |
|------------------------|
|                        |  |
|                   | /s/ ERNST & YOUNG LLP |
|                   |   |
|                   |   |
| Chicago, Illinois |   |
| June 30, 2011          |   |

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|                        |
|------------------------|
|                        |  |
|                   | /s/ ERNST & YOUNG LLP |
|                   |   |
| Chicago, Illinois |   |
| June 30, 2011          |   |

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|                                                                                                                                                               |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                               |  |  |  |  |  |  |  |
|                                                                                                                                                          | April 30, 2011 |   | May 1, 2010 |
| ASSETS                                                                                                                                                        |   |  |   |   |  |
| CURRENT ASSETS                                                                                                                                                |   |  |   |   |  |
| Cash and cash equivalents                                                                                                                                     | $ | 57,445 |  |   | $ | 63,821 |  |
| Accounts receivable, less allowance (2011 — $1,140; 2010 —$1,102)                                                                                 | 88,036 |  |   | 68,649 |  |
| Inventories:                                                                                                                                                  |   |  |   |   |  |
| Finished products                                                                                                                                             | 6,271 |  |   | 5,487 |  |
| Work in process                                                                                                                                               | 10,981 |  |   | 7,686 |  |
| Materials                                                                                                                                                     | 21,305 |  |   | 16,587 |  |
|                                                                                                                                                          | 38,557 |  |   | 29,760 |  |
| Deferred income taxes                                                                                                                                         | 3,778 |  |   | 2,272 |  |
| Prepaid and refundable income taxes                                                                                                                           | 851 |  |   | 13,956 |  |
| Prepaid expenses and other current assets                                                                                                                     | 7,294 |  |   | 6,138 |  |
| TOTAL CURRENT ASSETS                                                                                                                                          | 195,961 |  |   | 184,596 |  |
| PROPERTY, PLANT AND EQUIPMENT                                                                                                                                 |   |  |   |   |  |
| Land                                                                                                                                                          | 3,135 |  |   | 3,240 |  |
| Buildings and building improvements                                                                                                                           | 45,522 |  |   | 49,398 |  |
| Machinery and equipment                                                                                                                                       | 249,597 |  |   | 228,112 |  |
|                                                                                                                                                          | 298,254 |  |   | 280,750 |  |
| Less allowances for depreciation                                                                                                                              | 236,743 |  |   | 218,874 |  |
|                                                                                                                                                          | 61,511 |  |   | 61,876 |  |
| OTHER ASSETS                                                                                                                                                  |   |  |   |   |  |
| Goodwill                                                                                                                                                      | 16,422 |  |   | 12,096 |  |
| Other intangibles, less accumulated amortization                                                                                                              | 18,423 |  |   | 18,811 |  |
| Cash surrender value of life insurance                                                                                                                        | 10,028 |  |   | 9,391 |  |
| Deferred income taxes                                                                                                                                         | 4,456 |  |   | 3,657 |  |
| Pre-production costs                                                                                                                                          | 14,645 |  |   | 11,984 |  |
| Other                                                                                                                                                         | 13,298 |  |   | 8,412 |  |
|                                                                                                                                                          | 77,272 |  |   | 64,351 |  |
| TOTAL ASSETS                                                                                                                                                  | $ | 334,744 |  |   | $ | 310,823 |  |
|                                                                                                                                                          |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                    |   |  |   |   |  |
| CURRENT LIABILITIES                                                                                                                                           |   |  |   |   |  |
| Accounts payable                                                                                                                                              | $ | 37,152 |  |   | $ | 29,743 |  |
| Salaries, wages and payroll taxes                                                                                                                             | 8,364 |  |   | 8,252 |  |
| Other accrued expenses                                                                                                                                        | 16,003 |  |   | 18,283 |  |
| Income taxes                                                                                                                                                  | 1,336 |  |   | 2,467 |  |
| TOTAL CURRENT LIABILITIES                                                                                                                                     | 62,855 |  |   | 58,745 |  |
|                                                                                                                                                          |   |   |   |
| OTHER LIABILITIES                                                                                                                                             | 8,138 |  |   | 10,251 |  |
| DEFERRED COMPENSATION                                                                                                                                         | 2,607 |  |   | 1,885 |  |
|                                                                                                                                                          |   |   |   |
| SHAREHOLDERS’ EQUITY                                                                                                                                    |   |  |   |   |  |
| Common stock, $0.50 par value, 100,000,000 shares authorized, 38,312,243 and 38,149,946 shares issued as of April 30, 2011 and May 1, 2010, respectively | 19,156 |  |   | 19,075 |  |
| Additional paid-in capital                                                                                                                                    | 72,113 |  |   | 65,991 |  |
| Accumulated other comprehensive income                                                                                                                        | 23,152 |  |   | 16,247 |  |
| Treasury stock, 1,342,188 as of April 30, 2011 and May 1, 2010                                                                                           | (11,377 | ) |   | (11,377 | ) |
| Retained earnings                                                                                                                                             | 155,989 |  |   | 146,818 |  |
| TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY                                                                                               | 259,033 |  |   | 236,754 |  |
| Noncontrolling interest                                                                                                                                       | 2,111 |  |   | 3,188 |  |
| TOTAL EQUITY                                                                                                                                                  | 261,144 |  |   | 239,942 |  |
| TOTAL LIABILITIES AND EQUITY                                                                                                                                  | $ | 334,744 |  |   | $ | 310,823 |  |

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|                                                                                  |
|----------------------------------------------------------------------------------|
|                                                                                  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                             | Fiscal Year Ended |
|                                                                             | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
|                                                                             |   |  |   |   |  |   |   |  |
| Net sales                                                                        | $ | 428,215 |  |   | $ | 377,646 |  |   | $ | 428,846 |  |
|                                                                             |   |   |   |   |   |
| Cost of products sold                                                            | 339,042 |  |   | 297,711 |  |   | 356,496 |  |
|                                                                             |   |   |   |   |   |
| Gross margins                                                                    | 89,173 |  |   | 79,935 |  |   | 72,350 |  |
|                                                                             |   |   |   |   |   |
| Restructuring                                                                    | (21 | ) |   | 7,770 |  |   | 25,278 |  |
| Impairment of goodwill and other assets                                          | — |  |   | — |  |   | 94,374 |  |
| Selling and administrative expenses                                              | 70,848 |  |   | 62,427 |  |   | 57,128 |  |
| Amortization of intangibles                                                      | 2,402 |  |   | 2,297 |  |   | 6,933 |  |
|                                                                             |   |   |   |   |   |
| Income/(loss) from operations                                                    | 15,944 |  |   | 7,441 |  |   | (111,363 | ) |
|                                                                             |   |   |   |   |   |
| Interest (income)/expense, net                                                   | 198 |  |   | 139 |  |   | (1,382 | ) |
| Other (income)/expense, net                                                      | 1,284 |  |   | (515 | ) |   | 479 |  |
|                                                                             |   |   |   |   |   |
| Income/(loss) before income taxes                                                | 14,462 |  |   | 7,817 |  |   | (110,460 | ) |
|                                                                             |   |   |   |   |   |
| Income tax expense/(benefit)                                                     | (4,076 | ) |   | (5,964 | ) |   | 1,680 |  |
|                                                                             |   |   |   |   |   |
| Income from continuing operations                                                | 18,538 |  |   | 13,781 |  |   | (112,140 | ) |
| Gain on sale of discontinued operation, net of tax ($4,148 less taxes of $3,493) | 655 |  |   | — |  |   | — |  |
| Net income/(loss)                                                                | 19,193 |  |   | 13,781 |  |   | (112,140 | ) |
| Less: Net income/(loss) attributable to noncontrolling interest                  | (307 | ) |   | 126 |  |   | 343 |  |
| NET INCOME/(LOSS) ATTRIBUTABLE TO METHODE ELECTRONICS, INC.                 | $ | 19,500 |  |   | $ | 13,655 |  |   | $ | (112,483 | ) |
|                                                                             |   |   |   |   |   |
| Basic income/(loss) per share:                                                   |   |  |   |   |  |   |   |  |
| Continuing operations                                                            | $ | 0.51 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
| Discontinued operations                                                          | $ | 0.02 |  |   | $ | — |  |   | $ | — |  |
| Basic income/(loss) per share                                                    | $ | 0.53 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
|                                                                             |   |   |   |   |   |
| Diluted income/(loss) per share:                                                 |   |  |   |   |  |   |   |  |
| Continuing operations                                                            | $ | 0.50 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
| Discontinued operations                                                          | $ | 0.02 |  |   | $ | — |  |   | $ | — |  |
| Diluted income/(loss) per share                                                  | $ | 0.52 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
|                                                                             |   |   |   |   |   |
| Cash dividends per share:                                                        |   |  |   |   |  |   |   |  |
| Common stock                                                                     | $ | 0.28 |  |   | $ | 0.28 |  |   | $ | 0.26 |  |

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|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                    | CommonStockShares |   | CommonStock$ |   | UnearnedCommonStockIssuances |   | AdditionalPaid-inCapital |   | CurrencyTranslationAdjustments |   | TreasuryStock |   | Retained Earnings |   | Non-Controlling Interest |   | Total Shareholders Equity |
| Balance at May 3, 2008                             | 38,225,379 |  |   | $ | 19,113 |  |   | $ | (4,257 | ) |   | $ | 69,953 |  |   | $ | 28,381 |  |   | $ | (6,243 | ) |   | $ | 265,838 |  |   | $ | 3,344 |  |   | $ | 376,129 |  |
| Release of restriction pursuant to acquisition earn-out | (53,012 | ) |   | (27 | ) |   | 625 |  |   | (598 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Earned portion of restricted stock awards               | 120,041 |  |   | 60 |  |   | — |  |   | (60 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Stock award and stock option amortization expense       | — |  |   | — |  |   | — |  |   | (553 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | (553 | ) |
| Vested stock awards withheld for payroll taxes          | (20,721 | ) |   | (11 | ) |   | — |  |   | (130 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | (141 | ) |
| Exercise of options                                     | 19,089 |  |   | 10 |  |   | — |  |   | 103 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 113 |  |
| Common stock repurchased                                | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (5,252 | ) |   | — |  |   | — |  |   | (5,252 | ) |
| Tax expense from stock options                          | — |  |   | — |  |   | — |  |   | (209 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | (209 | ) |
| Foreign currency translation adjustments                | — |  |   | — |  |   | — |  |   | — |  |   | (12,706 | ) |   | — |  |   | — |  |   | (704 | ) |   | (13,410 | ) |
| Net income/(loss) for year                              | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (112,483 | ) |   | 485 |  |   | (111,998 | ) |
| Cash dividends on common stock                          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (9,778 | ) |   | — |  |   | (9,778 | ) |
| Balance at May 2, 2009                             | 38,290,776 |  |   | $ | 19,145 |  |   | $ | (3,632 | ) |   | $ | 68,506 |  |   | $ | 15,675 |  |   | $ | (11,495 | ) |   | $ | 143,577 |  |   | $ | 3,125 |  |   | $ | 234,901 |  |
| Cancellation of shares pursuant to acquisition earn-out | (239,695 | ) |   | (120 | ) |   | 3,307 |  |   | (3,187 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Release of restriction pursuant to acquisition earn-out | — |  |   | — |  |   | 325 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 325 |  |
| Earned portion of restricted stock awards               | 62,140 |  |   | 31 |  |   | — |  |   | (31 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Stock award and stock option amortization expense       | — |  |   | — |  |   | — |  |   | 871 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 871 |  |
| Vested stock awards withheld for payroll taxes          | (10,923 | ) |   | (5 | ) |   | — |  |   | (99 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | (104 | ) |
| Exercise of options                                     | 17,648 |  |   | 9 |  |   | — |  |   | 176 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 185 |  |
| Treasury shares issued for minority shares purchased    | 30,000 |  |   | 15 |  |   | — |  |   | (214 | ) |   | — |  |   | 118 |  |   | — |  |   | — |  |   | (81 | ) |
| Purchase of non-controlling interest in Hetronic Asia   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 150 |  |   | 150 |  |
| Sale of minority interest in Hetronic Asia              | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (324 | ) |   | (324 | ) |
| Tax expense from stock options                          | — |  |   | — |  |   | — |  |   | (31 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | (31 | ) |
| Foreign currency translation adjustments                | — |  |   | — |  |   | — |  |   | — |  |   | 572 |  |   | — |  |   | — |  |   | 111 |  |   | 683 |  |
| Net income for year                                     | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 13,655 |  |   | 126 |  |   | 13,781 |  |
| Cash dividends on common stock                          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (10,414 | ) |   | — |  |   | (10,414 | ) |
| Balance at May 1, 2010                             | 38,149,946 |  |   | $ | 19,075 |  |   | $ | — |  |   | $ | 65,991 |  |   | $ | 16,247 |  |   | $ | (11,377 | ) |   | $ | 146,818 |  |   | $ | 3,188 |  |   | $ | 239,942 |  |
| Earned portion of restricted stock awards               | 47,600 |  |   | 24 |  |   | — |  |   | (46 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | (22 | ) |
| Stock award and stock option amortization expense       | — |  |   | — |  |   | — |  |   | 3,006 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 3,006 |  |
| Vested stock awards withheld for payroll taxes          | (5,378 | ) |   | (3 | ) |   | — |  |   | 3 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Exercise of options                                     | 150,075 |  |   | 75 |  |   | — |  |   | 953 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1,028 |  |
| Treasury shares issued for minority shares purchased    | (30,000 | ) |   | (15 | ) |   | — |  |   | 15 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Purchase of non-controlling interest - Hetronic Swiss   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 29 |  |   | 29 |  |
| Sale of Optokon                                         | — |  |   | — |  |   | — |  |   | — |  |   | (4,057 | ) |   | — |  |   | — |  |   | (3,256 | ) |   | (7,313 | ) |
| Purchase of Eetrex                                      | — |  |   | — |  |   | — |  |   | 2,191 |  |   | — |  |   | — |  |   | — |  |   | 2,175 |  |   | 4,366 |  |
| Foreign currency translation adjustments                | — |  |   | — |  |   | — |  |   | — |  |   | 10,962 |  |   | — |  |   | — |  |   | 282 |  |   | 11,244 |  |
| Net income/(loss) for year                              | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 19,500 |  |   | (307 | ) |   | 19,193 |  |
| Cash dividends on common stock                          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (10,329 | ) |   | — |  |   | (10,329 | ) |
| Balance at April 30, 2011                          | 38,312,243 |  |   | $ | 19,156 |  |   | $ | — |  |   | $ | 72,113 |  |   | $ | 23,152 |  |   | $ | (11,377 | ) |   | $ | 155,989 |  |   | $ | 2,111 |  |   | $ | 261,144 |  |

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|                                                                                          |
|------------------------------------------------------------------------------------------|
|                                                                                          |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                     | Fiscal Year Ended |
|                                                                                     | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
| OPERATING ACTIVITIES                                                                     |   |  |   |   |  |   |   |  |
| Net income/(loss)                                                                        | $ | 19,193 |  |   | $ | 13,781 |  |   | $ | (112,140 | ) |
| Adjustments to reconcile net income/(loss) to net cash provided by operating activities: |   |  |   |   |  |   |   |  |
| (Gain)/loss on sale of fixed assets                                                      | 73 |  |   | — |  |   | (407 | ) |
| Gain on the sale of discontinued business                                                | (4,148 | ) |   | — |  |   | — |  |
| Gain on investment in business                                                           | (165 | ) |   | — |  |   | — |  |
| Provision for depreciation                                                               | 13,354 |  |   | 17,112 |  |   | 30,103 |  |
| Amortization of intangible assets                                                        | 2,402 |  |   | 2,297 |  |   | 6,933 |  |
| Impairment of tangible assets                                                            | 1,299 |  |   | 710 |  |   | 10,313 |  |
| Impairment of goodwill and other assets                                                  | — |  |   | — |  |   | 94,374 |  |
| Stock-based compensation                                                                 | 3,006 |  |   | 871 |  |   | (553 | ) |
| Provision for bad debt                                                                   | 249 |  |   | 142 |  |   | 120 |  |
| Deferred income taxes                                                                    | (5,207 | ) |   | 3,992 |  |   | 8,078 |  |
| Changes in operating assets and liabilities:                                             |   |  |   |   |  |   |   |  |
| Accounts receivable                                                                      | (17,846 | ) |   | (12,436 | ) |   | 33,347 |  |
| Inventories                                                                              | (8,710 | ) |   | 645 |  |   | 19,918 |  |
| Prepaid expenses and other current assets                                                | 13,841 |  |   | (39 | ) |   | (16,086 | ) |
| Accounts payable and accrued expenses                                                    | (301 | ) |   | 291 |  |   | (30,832 | ) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                | 17,040 |  |   | 27,366 |  |   | 43,168 |  |
|                                                                                     |   |   |   |   |   |
| INVESTING ACTIVITIES                                                                     |   |  |   |   |  |   |   |  |
| Purchases of property, plant and equipment                                               | (15,223 | ) |   | (9,379 | ) |   | (17,064 | ) |
| Acquisition of businesses                                                                | (2,470 | ) |   | (325 | ) |   | (57,469 | ) |
| Acquisition of technology licenses                                                       | — |  |   | (530 | ) |   | (1,575 | ) |
| Proceeds from life insurance policies                                                    | 1,515 |  |   | 2,464 |  |   | — |  |
| Other                                                                                    | — |  |   | — |  |   | (14 | ) |
| NET CASH USED IN INVESTING ACTIVITIES                                                    | (16,178 | ) |   | (7,770 | ) |   | (76,122 | ) |
|                                                                                     |   |   |   |   |   |
| FINANCING ACTIVITIES                                                                     |   |  |   |   |  |   |   |  |
| Purchase of common stock                                                                 | — |  |   | — |  |   | (5,252 | ) |
| Proceeds from exercise of stock options                                                  | 1,028 |  |   | 185 |  |   | 113 |  |
| Tax expense from stock options and awards                                                | — |  |   | (31 | ) |   | (209 | ) |
| Cash dividends                                                                           | (10,329 | ) |   | (10,414 | ) |   | (9,778 | ) |
| NET CASH USED IN FINANCING ACTIVITIES                                                    | (9,301 | ) |   | (10,260 | ) |   | (15,126 | ) |
| Effect of foreign currency exchange rate changes on cash                                 | 2,063 |  |   | 455 |  |   | (2,195 | ) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                         | (6,376 | ) |   | 9,791 |  |   | (50,275 | ) |
| Cash and cash equivalents at beginning of year                                           | 63,821 |  |   | 54,030 |  |   | 104,305 |  |
| CASH AND CASH EQUIVALENTS AT END OF YEAR                                                 | $ | 57,445 |  |   | $ | 63,821 |  |   | $ | 54,030 |  |

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|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | One-TimeEmployeeSeverance |   | AssetWrite-Downs |   | OtherCosts |   | Total |
| Accrued balance at May 3, 2008 | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
|                                |   |   |   |   |   |   |   |
| FY 2009 restructuring charges       | 100 |  |   | 6,924 |  |   | 239 |  |   | 7,263 |  |
| Payments and asset write-downs      | — |  |   | (6,924 | ) |   | (198 | ) |   | (7,122 | ) |
| Accrued balance at May 2, 2009 | $ | 100 |  |   | $ | — |  |   | $ | 41 |  |   | $ | 141 |  |
|                                |   |   |   |   |   |   |   |
| FY 2010 restructuring charges       | 3,512 |  |   | — |  |   | 1,736 |  |   | 5,248 |  |
| Payments and asset write-downs      | (3,612 | ) |   | — |  |   | (1,357 | ) |   | (4,969 | ) |
| Accrued balance at May 1, 2010 | $ | — |  |   | $ | — |  |   | $ | 420 |  |   | $ | 420 |  |
|                                |   |   |   |   |   |   |   |
| Payments                            | — |  |   | — |  |   | (140 | ) |   | (140 | ) |
| Accrued balance at April 30, 2011   | $ | — |  |   | $ | — |  |   | $ | 280 |  |   | $ | 280 |  |

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|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                       | One-TimeEmployeeSeverance |   | AssetWrite-Downs |   | OtherCosts |   | Total |
| Accrued balance at May 3, 2008        | $ | 3,152 |  |   | $ | — |  |   | $ | 24 |  |   | $ | 3,176 |  |
|                                       |   |   |   |   |   |   |   |
| Fiscal 2009 restructuring charges          | 6,099 |  |   | 10,951 |  |   | 965 |  |   | 18,015 |  |
| Fiscal 2009 payments and asset write-downs | (7,402 | ) |   | (10,951 | ) |   | (989 | ) |   | (19,342 | ) |
| Accrued balance at May 2, 2009        | 1,849 |  |   | — |  |   | — |  |   | 1,849 |  |
|                                       |   |   |   |   |   |   |   |
| Fiscal 2010 restructuring charges          | 697 |  |   | 1,564 |  |   | 261 |  |   | 2,522 |  |
| Fiscal 2010 payments and asset write-downs | (2,429 | ) |   | (1,564 | ) |   | (223 | ) |   | (4,216 | ) |
| Accrued balance at May 2, 2009        | $ | 117 |  |   | $ | — |  |   | $ | 38 |  |   | $ | 155 |  |
|                                       |   |   |   |   |   |   |   |
| Fiscal 2011 payments                       | (96 | ) |   | — |  |   | (38 | ) |   | (134 | ) |
| Accrual reversal in fiscal 2011            | (21 | ) |   | — |  |   | — |  |   | (21 | ) |
| Accrued balance at April 30, 2011     | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |

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|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                         | Automotive |   | Interconnect |   | PowerProducts |   | Other |   | Total |
| Balance as of May 3, 2008                               | $ | 25,838 |  |   | $ | 22,835 |  |   | $ | 4,600 |  |   | $ | 1,203 |  |   | $ | 54,476 |  |
|                                                         |   |   |   |   |   |   |   |   |   |
| Attibutable to 2009 acquisitions                             | — |  |   | 19,063 |  |   | — |  |   | — |  |   | 19,063 |  |
| Adjustments due to earn-out                                  | — |  |   | — |  |   | 625 |  |   | — |  |   | 625 |  |
| Adjustments due to finalization of purchase price allocation | — |  |   | — |  |   | 758 |  |   | — |  |   | 758 |  |
| Impairment                                                   | (25,838 | ) |   | (30,752 | ) |   | (5,358 | ) |   | (1,203 | ) |   | (63,151 | ) |
| Balance as of May 2, 2009                               | $ | — |  |   | $ | 11,146 |  |   | $ | 625 |  |   | $ | — |  |   | $ | 11,771 |  |
|                                                         |   |   |   |   |   |   |   |   |   |
| Adjustments due to earn-out                                  | — |  |   | — |  |   | 325 |  |   | — |  |   | 325 |  |
| Balance as of May 1, 2010                               | $ | — |  |   | $ | 11,146 |  |   | $ | 950 |  |   | $ | — |  |   | $ | 12,096 |  |
|                                                         |   |   |   |   |   |   |   |   |   |
| Attibutable to 2011 acquisitions                             | — |  |   | — |  |   | 4,326 |  |   | — |  |   | 4,326 |  |
| Balance as of April 30, 2011                            | $ | — |  |   | $ | 11,146 |  |   | $ | 5,276 |  |   | $ | — |  |   | $ | 16,422 |  |

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|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | As of April 30, 2011 |
|                                         | Gross |   | AccumulatedAmortization |   | Net |   | Wtd. Avg. RemainingAmortizationPeriods (Years) |
| Customer relationships and agreements        | $ | 14,995 |  |   | $ | 13,417 |  |   | $ | 1,578 |  |   | 12.7 |  |
| Trade names, patents and technology licenses | 25,774 |  |   | 8,978 |  |   | 16,796 |  |   | 12.4 |  |
| Covenants not to compete                     | 480 |  |   | 431 |  |   | 49 |  |   | 0.8 |  |
| Total                                        | $ | 41,249 |  |   | $ | 22,826 |  |   | $ | 18,423 |  |   |   |  |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | As of May 1, 2010 |
|                                         | Gross |   | AccumulatedAmortization |   | Net |   | Wtd. Avg. RemainingAmortizationPeriods (Years) |
| Customer relationships and agreements        | $ | 14,995 |  |   | $ | 13,066 |  |   | $ | 1,929 |  |   | 13.7 |  |
| Trade names, patents and technology licenses | 23,774 |  |   | 6,991 |  |   | 16,783 |  |   | 13.0 |  |
| Covenants not to compete                     | 480 |  |   | 381 |  |   | 99 |  |   | 1.8 |  |
| Total                                        | $ | 39,249 |  |   | $ | 20,438 |  |   | $ | 18,811 |  |   |   |  |

|      |
|------|
|      |  |  |
| 2012 | $1,804 |
| 2013 | 1,525 |  |
| 2014 | 1,481 |  |
| 2015 | 1,469 |  |
| 2016 | 1,317 |  |

|             |
|-------------|
|             |  |  |  |  |  |
|        | April 30, 2011 |   | May 1, 2010 |
| Authorized  | 100,000,000 |  |   | 100,000,000 |  |
| Issued      | 38,312,243 |  |   | 38,149,946 |  |
| In treasury | 1,342,188 |  |   | 1,342,188 |  |

----

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Table of Contents

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |
|                            |   | Summary of Option Activity |
|                            |   | Shares |   | Wtd. Avg. Exercise Price |
| Outstanding at May 1, 2010 |   | — |  |   | $ | — |  |
| Awarded                         |   | 128,000 |  |   | 9.24 |  |
| Exercised                       |   | — |  |   | — |  |
| Cancelled                       |   | — |  |   | — |  |
| Outstanding at April 30, 2011   |   | 128,000 |  |   | $ | 9.24 |  |

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |
| Options Outstandingat April 30, 2011 |
| Shares                                                   |   | Exercise Price |   | Avg. Remaining Life (Years) |
| 128,000                                                  |  |   | $ | 9.24 |  |   | 9.5 |  |

|                                        |
|----------------------------------------|
|                                        |  |  |  |
|                                   | 2010 Stock Plan |
|                                   | Fiscal 2011 |
|                                   | Awards |
| Average expected volatility            | 85.83 | % |
| Average risk-free interest rate        | 0.60 | % |
| Dividend yield                         | 3.49 | % |
| Expected life of options               | 7.03 years |
| Weighted-average grant-date fair value | $ | 5.19 |  |

----

Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |
|                                      | RSA Shares | RSU Shares |
| Unvested and unissued at May 1, 2010 | — |  | — |  |
| Awarded                                   | 640,000 |  | 320,000 |  |
| Vested                                    | — |  | — |  |
| Forfeited and Cancelled                   | — |  | — |  |
| Unvested and unissued at April 30, 2011   | 640,000 |  | 320,000 |  |

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|              |   |   |   |   |   | Weighted Average Value |   | Probable Unearned Compensation Expense at |   | Target Unearned Compensation Expense at |
| Grant Fiscal Year |   | Number of Shares |   | Vesting Period |   |   | April 30, 2011 |   | April 30, 2011 |
| 2011              |   | 640,000 |  |   | 5-year RSA cliff, performance based |   | $ | 9.70 |  |   | $ | 5,137 |  |   | $ | 5,137 |  |
| 2011              |   | 320,000 |  |   | 5-year RSU, equal annual installments |   | 9.70 |  |   | 1,857 |  |   | 1,857 |  |

----

Table of Contents

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |
|                               | Summary of Option Activity |
|                               | Shares |   | Wtd. Avg.Exercise Price |
| Outstanding at May 2, 2009    | 285,000 |  |   | $ | 2.72 |  |
|                               |   |   |   |
| Granted                            | 310,500 |  |   | 6.65 |  |
| Exercised                          | — |  |   | — |  |
| Cancelled                          | — |  |   | — |  |
| Outstanding at May 1, 2010    | 595,500 |  |   | $ | 4.77 |  |
|                               |   |   |   |
| Granted                            | 125,000 |  |   | 10.55 |  |
| Exercised                          | — |  |   | — |  |
| Cancelled                          | — |  |   | — |  |
| Outstanding at April 30, 2011 | 720,500 |  |   | $ | 5.77 |  |

|         |
|---------|
|         |  |  |  |  |  |  |  |  |
| Shares  |   | Exercise Price |   | Avg.RemainingLife (Years) |
| 285,000 |  |   | $ | 2.72 |  |   | 7.9 |  |
| 275,000 |  |   | 6.46 |  |   | 8.2 |  |
| 35,500  |  |   | 8.13 |  |   | 8.6 |  |
| 125,000 |  |   | 10.55 |  |   | 9.2 |  |
| 720,500 |  |   | $ | 5.77 |  |   |   |

----

Table of Contents

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |
|                                   | Fiscal 2009Awards |   | Fiscal 2010Awards | Fiscal 2011Awards |
| Average expected volatility            | 69.58 | % |   | 86.88 | % | 85.59 | % |
| Average risk-free interest rate        | 1.39 | % |   | 1.43 | % | 1.09 | % |
| Dividend yield                         | 2.26 | % |   | 2.77 | % | 3.63 | % |
| Expected life of options               | 6.87 years |  |   | 6.87 years |  | 7.03 years |  |
| Weighted-average grant-date fair value | $ | 1.46 |  |   | $ | 4.02 |  | $ | 5.88 |  |

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |
|                                 | Fiscal Year |
|                                 | 2011 |   | 2010 |   | 2009 |
| Unvested at beginning of fiscal year | 25,350 |  |   | 453,287 |  |   | 357,298 |  |
| Awarded                              | 24,000 |  |   | 24,000 |  |   | 356,665 |  |
| Vested                               | (47,600 | ) |   | (62,140 | ) |   | (105,522 | ) |
| Cancelled                            | — |  |   | (382,769 | ) |   | (120,750 | ) |
| Forfeited                            | (1,750 | ) |   | (7,028 | ) |   | (34,404 | ) |
| Unvested at end of period            | — |  |   | 25,350 |  |   | 453,287 |  |

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Table of Contents

|                  |
|------------------|
|                  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|             | Options Outstanding |   | Exercisable Options |
|             | Shares |   | Wtd. Avg.ExercisePrice |   | Shares |   | Wtd. Avg.ExercisePrice |
| May 3, 2008 | 689,689 |  |   | $ | 10.26 |  |   | 689,689 |  |   | $ | 10.26 |  |
|             |   |   |   |   |   |   |   |
| Granted          | — |  |   | — |  |   |   |  |   |   |  |
| Exercised        | (19,089 | ) |   | 5.90 |  |   |   |  |   |   |  |
| Cancelled        | (44,967 | ) |   | 10.65 |  |   |   |  |   |   |  |
| May 2, 2009 | 625,633 |  |   | $ | 10.36 |  |   | 625,633 |  |   | $ | 10.36 |  |
|             |   |   |   |   |   |   |   |
| Granted          | — |  |   | — |  |   |   |  |   |   |  |
| Exercised        | (17,648 | ) |   | 10.62 |  |   |   |  |   |   |  |
| Cancelled        | (78,209 | ) |   | 12.08 |  |   |   |  |   |   |  |
| May 1, 2010 | 529,776 |  |   | 10.10 |  |   | 529,776 |  |   | 10.10 |  |
|             |   |   |   |   |   |   |   |
| Granted          | — |  |   | — |  |   |   |   |   |
| Exercised        | (150,075 | ) |   | 6.85 |  |   |   |   |   |
| Cancelled        | (96,934 | ) |   | 13.03 |  |   |   |   |   |
| April 30, 2011   | 282,767 |  |   | $ | 10.82 |  |   | 282,767 |  |   | $ | 10.82 |  |

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |
| Options Outstanding and            |
| Exercisable at April 30, 2011 |
| Range ofExercise Prices            |   | Shares |   | Wtd. Avg. Exercise Price |   | Avg.RemainingLife (Years) |
| $7.45 - $7.69                      |   | 12,725 |  |   | $ | 7.64 |  |   | 0.1 |  |
| $9.03 - $11.44                     |   | 270,042 |  |   | 10.97 |  |   | 1.6 |  |
|                               |   | 282,767 |  |   | 10.82 |  |   |   |  |

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Table of Contents

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |
|                                               | April 30,2011 |   | May 1,2010 |
| Deferred tax liabilities:                          |   |  |   |   |  |
| Accelerated tax depreciation                       | $ | 2,731 |  |   | $ | 2,978 |  |
| Unremitted earnings                                | 2,679 |  |   | — |  |
| Deferred income                                    | 1,417 |  |   | — |  |
|                                               | 6,827 |  |   | 2,978 |  |
| Deferred tax assets:                               |   |  |   |   |  |
| Deferred compensation and stock award amortization | 2,845 |  |   | 1,875 |  |
| Inventory valuation differences                    | 1,200 |  |   | 1,364 |  |
| Property valuation differences                     | 4,523 |  |   | 4,456 |  |
| Accelerated book amortization                      | 17,447 |  |   | 19,738 |  |
| Environmental reserves                             | 1,868 |  |   | 1,569 |  |
| Bad debt reserves                                  | 494 |  |   | 710 |  |
| Vacation accruals                                  | 926 |  |   | 855 |  |
| Restructuring accruals                             | 150 |  |   | 197 |  |
| Foreign investment tax credit                      | 26,411 |  |   | 23,933 |  |
| Net operating loss carryovers                      | 12,404 |  |   | 1,312 |  |
| Other accruals                                     | 808 |  |   | 1,300 |  |
|                                               | 69,076 |  |   | 57,309 |  |
| Less valuation allowance                           | 54,015 |  |   | 48,402 |  |
| Total deferred tax assets                          | 15,061 |  |   | 8,907 |  |
| Net deferred tax assets                            | $ | 8,234 |  |   | $ | 5,929 |  |
| Balance sheet classification:                      |   |  |   |   |  |
| Current asset                                      | $ | 3,778 |  |   | $ | 2,272 |  |
| Non-current asset                                  | 4,456 |  |   | 3,657 |  |
|                                               | $ | 8,234 |  |   | $ | 5,929 |  |

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|          |
|----------|
|          |  |  |  |  |  |  |  |  |  |  |  |
|     | Fiscal Year Ended |
|     | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
| Current  |   |  |   |   |  |   |   |  |
| Federal  | $ | (2,703 | ) |   | $ | (11,356 | ) |   | $ | (6,956 | ) |
| Foreign  | 4,179 |  |   | 1,339 |  |   | 867 |  |
| State    | (345 | ) |   | 61 |  |   | (309 | ) |
|     | 1,131 |  |   | (9,956 | ) |   | (6,398 | ) |
| Deferred | (5,207 | ) |   | 3,992 |  |   | 8,078 |  |
|     | $ | (4,076 | ) |   | $ | (5,964 | ) |   | $ | 1,680 |  |

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                          | Fiscal Year Ended |
|                                          | May 1, 2010 |   |   |   | May 1, 2010 |   |   |   | May 2, 2009 |   |   |
| Income tax at statutory rate                  | $ | 5,169 |  |   | 35.0 |  % |   | $ | 2,693 |  |   | 35.0 |  % |   | $ | (38,779 | ) |   | 35.0 |  % |
| Effect of:                                    |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |
| State income taxes, net of federal benefit    | 84 |  |   | 0.6 |  % |   | 637 |  |   | 8.3 |  % |   | (2,559 | ) |   | 2.3 |  % |
| Foreign operations with lower statutory rates | (10,640 | ) |   | (72.1 | )% |   | (4,723 | ) |   | (61.4 | )% |   | (2,578 | ) |   | 2.3 |  % |
| Foreign losses with no tax benefit            | 289 |  |   | 2.0 |  % |   | 532 |  |   | 6.9 |  % |   | 13,498 |  |   | (12.2 | )% |
| Foreign investment tax credit (FTC)           | (1,276 | ) |   | (8.6 | )% |   | (337 | ) |   | (4.4 | )% |   | (2,027 | ) |   | 1.8 |  % |
| Change in tax contingency reserve             | (2,716 | ) |   | (18.4 | )% |   | (3,344 | ) |   | (43.5 | )% |   | 37 |  |   | — |  % |
| Research and development credit               | — |  |   | — |  % |   | (293 | ) |   | (3.8 | )% |   | (255 | ) |   | 0.2 |  % |
| Goodwill                                      | — |  |   | — |  % |   | — |  |   | — |  % |   | 6,422 |  |   | (5.8 | )% |
| True-up of refundable receivable estimate     | — |  |   | — |  % |   | 1,714 |  |   | 22.3 |  % |   | — |  |   | — |  % |
| Valuation allowance                           | 5,613 |  |   | 38.0 |  % |   | (2,975 | ) |   | (38.6 | )% |   | 27,953 |  |   | (25.1 | )% |
| Other, net                                    | (599 | ) |   | (4.1 | )% |   | 132 |  |   | 1.7 |  % |   | (32 | ) |   | — |  % |
| Income tax provision                          | $ | (4,076 | ) |   | (27.6 | )% |   | $ | (5,964 | ) |   | (77.5 | )% |   | $ | 1,680 |  |   | (1.5 | )% |

----

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|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |  |
|                    | Fiscal Year |
|                    | 2011 |   | 2010 |   | 2009 |
| Continuing operations   | $ | (4,076 | ) |   | $ | (5,964 | ) |   | $ | 1,680 |  |
| Discontinued operations | 3,493 |  |   | — |  |   | — |  |
| Total tax provision     | $ | (583 | ) |   | $ | (5,964 | ) |   | $ | 1,680 |  |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |
| Balance at May 1, 2010                         | $ | 2,782 |  |
| Increases for positions related to the current year | 50 |  |
| Decreases for positions related to the prior years  | (674 | ) |
| Lapsing of statutes of limitations                  | (1,783 | ) |
| Balance at April 30, 2011                      | $ | 375 |  |

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|                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                     | Fiscal Year Ended |
|                                                                                                                     | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
| Numerator:                                                                                                               |   |   |   |   |   |
| Income/(loss) from continuing operations, net of tax                                                                     | $ | 18,845 |  |   | $ | 13,655 |  |   | $ | (112,483 | ) |
| Income from discontinued operations, net of tax                                                                          | 655 |  |   | — |  |   | — |  |
| Net income/(loss) attributable to Methode Electronics, Inc.                                                              | $ | 19,500 |  |   | $ | 13,655 |  |   | $ | (112,483 | ) |
|                                                                                                                     |   |   |   |   |   |
| Denominator:                                                                                                             |   |  |   |   |  |   |   |  |
| Denominator for basic earnings/(loss)  per share-weighted average shares                                                 | 37,128,157 |  |   | 36,711,925 |  |   | 36,879,233 |  |
| Dilutive potential common shares-employee and director stock options, restricted stock awards and restricted stock units | 710,511 |  |   | 219,679 |  |   | — |  |
| Denominator for diluted earnings/(loss)  per share adjusted weighted average shares and assumed conversions              | 37,838,668 |  |   | 36,931,604 |  |   | 36,879,233 |  |
|                                                                                                                     |   |   |   |   |   |
| Basic income/(loss) per share:                                                                                           |   |  |   |   |  |   |   |  |
| Continuing operations                                                                                                    | $ | 0.51 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
| Discontinued operations                                                                                                  | $ | 0.02 |  |   | $ | — |  |   | $ | — |  |
| Basic income/(loss) per share                                                                                            | $ | 0.53 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
|                                                                                                                     |   |   |   |   |   |
| Diluted income/(loss) per share:                                                                                         |   |   |   |   |   |
| Continuing operations                                                                                                    | $ | 0.50 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |
| Discontinued operations                                                                                                  | $ | 0.02 |  |   | $ | — |  |   | $ | — |  |
| Diluted income/(loss) per share                                                                                          | $ | 0.52 |  |   | $ | 0.37 |  |   | $ | (3.05 | ) |

----

Table of Contents

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |  |  |  |
|                             | Fiscal 2011 |
|                             | Total |   | MethodeShareholders |   | NoncontrollingInterest |
| Net income/(loss)                | $ | 19,193 |  |   | $ | 19,500 |  |   | $ | (307 | ) |
| Translation adjustment           | 7,187 |  |   | 6,905 |  |   | 282 |  |
| Total comprehensive income(loss) | $ | 26,380 |  |   | $ | 26,405 |  |   | $ | (25 | ) |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |
|                       | Fiscal 2010 |
|                       | Total |   | MethodeShareholders |   | NoncontrollingInterest |
| Net income                 | $ | 13,781 |  |   | $ | 13,655 |  |   | $ | 126 |  |
| Translation adjustment     | 682 |  |   | 572 |  |   | 110 |  |
| Total comprehensive income | $ | 14,463 |  |   | $ | 14,227 |  |   | $ | 236 |  |

|                          |
|--------------------------|
|                          |  |  |  |  |  |  |  |  |  |  |  |
|                     | Fiscal 2009 |
|                     | Total |   | MethodeShareholders |   | NoncontrollingInterest |
| Net income/(loss)        | $ | (112,140 | ) |   | $ | (112,483 | ) |   | $ | 343 |  |
| Translation adjustment   | (13,268 | ) |   | (12,706 | ) |   | (562 | ) |
| Total comprehensive loss | $ | (125,408 | ) |   | $ | (125,189 | ) |   | $ | (219 | ) |

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|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | Fiscal Year Ended April 30, 2011 |
|                                | Automotive |   | Inter-Connect |   | PowerProducts |   | Other |   | Eliminations/Corporate |   | Consolidated |
| Net sales                           | $ | 228,362 |  |   | $ | 139,877 |  |   | $ | 50,768 |  |   | $ | 13,052 |  |   | $ | (3,844 | ) |   | $ | 428,215 |  |
| Transfers between segments          | (2,315 | ) |   | (1,096 | ) |   | (353 | ) |   | (71 | ) |   | 3,835 |  |   | — |  |
| Net sales to unaffiliated customers | $ | 226,047 |  |   | $ | 138,781 |  |   | $ | 50,415 |  |   | $ | 12,981 |  |   | $ | (9 | ) |   | $ | 428,215 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |
| Income/(loss) from operations       | $ | 13,325 |  |   | $ | 19,989 |  |   | $ | 3,630 |  |   | $ | (2,032 | ) |   | $ | (18,968 | ) |   | $ | 15,944 |  |
| Interest (income)/expense, net      | (311 | ) |   | (121 | ) |   | 1 |  |   | — |  |   | 629 |  |   | 198 |  |
| Other (income)/expense, net         | 2,067 |  |   | (593 | ) |   | 174 |  |   | 4 |  |   | (368 | ) |   | 1,284 |  |
| Income/(loss) before income taxes   | $ | 11,569 |  |   | $ | 20,703 |  |   | $ | 3,455 |  |   | $ | (2,036 | ) |   | $ | (19,229 | ) |   | $ | 14,462 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization       | $ | 7,704 |  |   | $ | 3,579 |  |   | $ | 2,283 |  |   | $ | 698 |  |   | $ | 1,492 |  |   | $ | 15,756 |  |
|                                |   |   |   |   |   |   |   |   |   |   |   |
| Identifiable assets                 | $ | 167,991 |  |   | $ | 122,687 |  |   | $ | 42,330 |  |   | $ | 8,726 |  |   | $ | (6,990 | ) |   | $ | 334,744 |  |

|                                                                                                                 |
|-----------------------------------------------------------------------------------------------------------------|
|                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                            | Fiscal Year Ended May 1, 2010 |
|                                                                                                            | Automotive |   | Inter-Connect |   | PowerProducts |   | Other |   | Eliminations/Corporate |   | Consolidated |
| Net sales                                                                                                       | $ | 203,229 |  |   | $ | 124,619 |  |   | $ | 40,871 |  |   | $ | 9,388 |  |   | $ | (461 | ) |   | $ | 377,646 |  |
| Transfers between segments                                                                                      | — |  |   | (355 | ) |   | (342 | ) |   | (55 | ) |   | 752 |  |   | — |  |
| Net sales to unaffiliated customers                                                                             | $ | 203,229 |  |   | $ | 124,264 |  |   | $ | 40,529 |  |   | $ | 9,333 |  |   | $ | 291 |  |   | $ | 377,646 |  |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Segment income (loss) from operations before restructuring charge, impairment of goodwill and intangible assets | $ | 16,971 |  |   | $ | 12,589 |  |   | $ | 3,919 |  |   | $ | (2,298 | ) |   | $ | (15,970 | ) |   | $ | 15,211 |  |
| Restructuring                                                                                                   | (5,649 | ) |   | (1,552 | ) |   | (569 | ) |   | — |  |   | — |  |   | (7,770 | ) |
| Segment income (loss) from operations                                                                           | $ | 11,322 |  |   | $ | 11,037 |  |   | $ | 3,350 |  |   | $ | (2,298 | ) |   | $ | (15,970 | ) |   | $ | 7,441 |  |
| Interest, (income)/expense, net                                                                                 | (87 | ) |   | (185 | ) |   | — |  |   | — |  |   | 411 |  |   | 139 |  |
| Other (income)/expense                                                                                          | 232 |  |   | 925 |  |   | (7 | ) |   | 1 |  |   | (1,666 | ) |   | (515 | ) |
| Income/(loss) before income taxes                                                                               | 11,177 |  |   | 10,297 |  |   | 3,357 |  |   | (2,299 | ) |   | (14,715 | ) |   | $ | 7,817 |  |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                                   | $ | 10,691 |  |   | $ | 4,756 |  |   | $ | 1,672 |  |   | $ | 760 |  |   | $ | 1,530 |  |   | $ | 19,409 |  |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Identifiable assets                                                                                             | $ | 127,613 |  |   | $ | 125,133 |  |   | $ | 31,081 |  |   | $ | 7,659 |  |   | $ | 19,337 |  |   | $ | 310,823 |  |

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|                                                                                                                 |
|-----------------------------------------------------------------------------------------------------------------|
|                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                            | Fiscal Year Ended May 2, 2009 |
|                                                                                                            | Automotive |   | Inter-Connect |   | PowerProducts |   | Other |   | Eliminations/Corporate |   | Consolidated |
| Net sales                                                                                                       | $ | 246,194 |  |   | $ | 132,190 |  |   | $ | 43,146 |  |   | $ | 8,355 |  |   | $ | (1,039 | ) |   | $ | 428,846 |  |
| Transfers between segments                                                                                      | — |  |   | (952 | ) |   | (399 | ) |   | (103 | ) |   | 1,454 |  |   | — |  |
| Net sales to unaffiliated customers                                                                             | $ | 246,194 |  |   | $ | 131,238 |  |   | $ | 42,747 |  |   | $ | 8,252 |  |   | $ | 415 |  |   | $ | 428,846 |  |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Segment income (loss) from operations before restructuring charge, impairment of goodwill and intangible assets | $ | 25,503 |  |   | $ | 847 |  |   | $ | 327 |  |   | $ | (3,501 | ) |   | $ | (14,887 | ) |   | $ | 8,289 |  |
| Restructuring                                                                                                   | (19,283 | ) |   | (5,468 | ) |   | (527 | ) |   | — |  |   | — |  |   | (25,278 | ) |
| Impairment of goodwill and intangible assets                                                                    | (30,466 | ) |   | (56,926 | ) |   | (5,358 | ) |   | (1,624 | ) |   | — |  |   | (94,374 | ) |
| Segment loss from operations                                                                                    | $ | (24,246 | ) |   | $ | (61,547 | ) |   | $ | (5,558 | ) |   | $ | (5,125 | ) |   | $ | (14,887 | ) |   | $ | (111,363 | ) |
| Interest (income)/expense, net                                                                                  | 8 |  |   | (526 | ) |   | — |  |   | — |  |   | (864 | ) |   | (1,382 | ) |
| Other (income)/expense, net                                                                                     | (287 | ) |   | (651 | ) |   | 190 |  |   | 5 |  |   | 1,222 |  |   | 479 |  |
| Loss before income taxes                                                                                        | (23,967 | ) |   | (60,370 | ) |   | (5,748 | ) |   | (5,130 | ) |   | (15,245 | ) |   | $ | (110,460 | ) |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                                   | $ | 17,408 |  |   | $ | 15,262 |  |   | $ | 2,153 |  |   | $ | 1,019 |  |   | $ | 1,194 |  |   | $ | 37,036 |  |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Identifiable assets                                                                                             | $ | 121,572 |  |   | $ | 115,085 |  |   | $ | 23,925 |  |   | $ | 6,613 |  |   | $ | 38,093 |  |   | $ | 305,288 |  |

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Table of Contents

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |  |  |  |
|                               | Fiscal Year Ended |
|                               | April 30, 2011 |   | May 1, 2010 |   | May 2, 2009 |
| Net Sales:                         |   |  |   |   |  |   |   |  |
| North America                      | $ | 172,082 |  |   | $ | 168,121 |  |   | $ | 260,137 |  |
| Asia Pacific                       | 109,049 |  |   | 70,159 |  |   | 53,541 |  |
| Malta                              | 136,744 |  |   | 128,574 |  |   | 103,035 |  |
| Europe, excluding Malta            | 10,340 |  |   | 10,792 |  |   | 12,133 |  |
|                               | $ | 428,215 |  |   | $ | 377,646 |  |   | $ | 428,846 |  |
| Income (loss) before income taxes: |   |  |   |   |  |   |   |  |
| North America                      | $ | (33,953 | ) |   | $ | (18,183 | ) |   | $ | (81,985 | ) |
| Asia Pacific                       | 34,306 |  |   | 14,657 |  |   | (30,610 | ) |
| Europe                             | 14,307 |  |   | 11,482 |  |   | 753 |  |
| Income and expenses not allocated  | (198 | ) |   | (139 | ) |   | 1,382 |  |
|                               | $ | 14,462 |  |   | $ | 7,817 |  |   | $ | (110,460 | ) |
|                               |   |   |   |   |   |
| Property, Plant and Equipment:     |   |  |   |   |  |   |   |  |
| North America                      | $ | 26,505 |  |   | $ | 23,085 |  |   | $ | 32,589 |  |
| Asia Pacific                       | 7,867 |  |   | 8,968 |  |   | 7,523 |  |
| Malta                              | 26,939 |  |   | 25,042 |  |   | 24,561 |  |
| Europe, excluding Malta            | 200 |  |   | 4,781 |  |   | 5,244 |  |
|                               | $ | 61,511 |  |   | $ | 61,876 |  |   | $ | 69,917 |  |

|      |
|------|
|      |  |  |  |
| 2012 | $ | 2,480 |  |
| 2013 | 1,797 |  |
| 2014 | 1,301 |  |
| 2015 | 611 |  |
| 2016 | 299 |  |

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Table of Contents

|         |                                                                                       |
|---------|---------------------------------------------------------------------------------------|
| • | Level 1 — Quoted prices in active markets for identical assets and liabilities. |

|         |                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 — Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. |

|         |                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities.  This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. |

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                              | Fair Value Measurement Used |
|                                              | RecordedValue |   | Quoted prices in activemarkets foridenticalinstruments(Level 1) |   | Quoted prices in activemarkets forsimilarinstruments(Level 2) |   | Otherunobservableinputs(Level 3) |
| Assets:                                           |   |   |   |   |   |   |   |
| Cash and cash equivalents (1)                     | $ | 57,445 |  |   | $ | 57,445 |  |   | $ | — |  |   | $ | — |  |
| Assets related to deferred compensation plan      | 4,051 |  |   | — |  |   | 4,051 |  |   | — |  |
| Total assets at fair value                        | $ | 61,496 |  |   | $ | 57,445 |  |   | $ | 4,051 |  |   | $ | — |  |
|                                              |   |   |   |   |   |   |   |
| Liabilities:                                      |   |  |   |   |  |   |   |  |   |   |  |
| Liabilities related to deferred compensation plan | $ | 3,085 |  |   | $ | 3,085 |  |   | $ | — |  |   | $ | — |  |
| Total liabilities at fair value                   | $ | 3,085 |  |   | $ | 3,085 |  |   | $ | — |  |   | $ | — |  |

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Table of Contents

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                        | Fiscal 2011Quarter Ended |
|                                                        | July 31 |   | October 30 |   | January 29 |   | April 30 |
| Net sales                                                   | $ | 98,973 |  |   | $ | 107,716 |  |   | $ | 102,102 |  |   | $ | 119,424 |  |
| Gross profit                                                | 19,444 |  |   | 23,643 |  |   | 19,434 |  |   | 26,652 |  |
|                                                        |   |   |   |   |   |   |   |
| Income/(loss) from continuing operations, net of tax        | 4,065 |  |   | (513 | ) |   | 5,883 |  |   | 9,410 |  |
| Income from discontinued operations, net of tax             | — |  |   | — |  |   | — |  |   | 655 |  |
| Net income/(loss) attributable to Methode Electronics, Inc. | $ | 4,065 |  |   | $ | (513 | ) |   | $ | 5,883 |  |   | $ | 10,065 |  |
|                                                        |   |   |   |   |   |   |   |
| Basic income/(loss) per share:                              |   |   |   |   |   |   |   |
| Continuing operations                                       | $ | 0.11 |  |   | $ | (0.01 | ) |   | $ | 0.16 |  |   | $ | 0.25 |  |
| Discontinued operations                                     | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.02 |  |
| Basic income/(loss) per share                               | $ | 0.11 |  |   | $ | (0.01 | ) |   | $ | 0.16 |  |   | $ | 0.27 |  |
|                                                        |   |   |   |   |   |   |   |
| Diluted income/(loss) per share:                            |   |   |   |   |   |   |   |
| Continuing operations                                       | $ | 0.11 |  |   | $ | (0.01 | ) |   | $ | 0.16 |  |   | $ | 0.24 |  |
| Discontinued operations                                     | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.02 |  |
| Diluted income/(loss) per share                             | $ | 0.11 |  |   | $ | (0.01 | ) |   | $ | 0.16 |  |   | $ | 0.26 |  |

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             | Fiscal 2010Quarter Ended |
|                                                             | August 1 |   | October 31 |   | January 30 |   | May 1 |
| Net sales                                                        | $ | 91,163 |  |   | $ | 99,568 |  |   | $ | 90,243 |  |   | $ | 96,672 |  |
| Gross profit                                                     | 20,254 |  |   | 21,784 |  |   | 15,319 |  |   | 22,578 |  |
| Net income/(loss) attributable to Methode Electronics, Inc. | (19 | ) |   | 2,052 |  |   | (4,475 | ) |   | 16,097 |  |
| Net income/(loss) per basic common share                         | $ | — |  |   | $ | 0.05 |  |   | $ | (0.12 | ) |   | $ | 0.44 |  |

----

Table of Contents

----

Table of Contents

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| COL. A                                                |   | COL. B |   | COL. C |   |   | COL. D. |   |   | COL. E |
|                                                  |   |   |   | Additions |   |   |   |   |   |   |
| Description                                           |   | Balance at Beginning of Period |   | Charged to Costs and Expenses |   | Charged to Other Accounts—Describe |   |   | Deductions—Describe |   |   | Balance at End of Period |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| YEAR ENDED APRIL 30, 2011:                            |   |   |  |   |   |  |   |   |  |   |   |   |  |   |   |   |  |
| Reserves and allowances deducted from asset accounts: |   |   |  |   |   |  |   |   |  |   |   |   |  |   |   |   |  |
| Allowance for uncollectible accounts                  |   | $ | 1,102 |  |   | $ | 249 |  |   | $ | 304 |  | (1) |   | $ | 515 |  | (2) |   | $ | 1,140 |  |
| Deferred tax valuation allowance                      |   | 48,402 |  |   | 7,088 |  |   | 582 |  | (1) |   | 2,057 |  |   |   | 54,015 |  |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| YEAR ENDED MAY 1, 2010:                          |   |   |  |   |   |  |   |   |  |   |   |   |  |   |   |   |  |
| Reserves and allowances deducted from asset accounts: |   |   |  |   |   |  |   |   |  |   |   |   |  |   |   |   |  |
| Allowance for uncollectible accounts                  |   | $ | 1,444 |  |   | $ | 142 |  |   | $ | 25 |  | (1) |   | $ | 509 |  | (2) |   | $ | 1,102 |  |
| Deferred tax valuation allowance                      |   | 51,377 |  |   | 943 |  |   | 1,880 |  | (1) |   | 5,798 |  | (3) |   | 48,402 |  |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| YEAR ENDED MAY 2, 2009:                          |   |   |  |   |   |  |   |   |  |   |   |   |  |   |   |   |  |
| Reserves and allowances deducted from asset accounts: |   |   |  |   |   |  |   |   |  |   |   |   |  |   |   |   |  |
| Allowance for uncollectible accounts                  |   | $ | 2,309 |  |   | $ | 120 |  |   | $ | 625 |  | (1) |   | $ | 360 |  | (2) |   | $ | 1,444 |  |
| Deferred tax valuation allowance                      |   | 31,164 |  |   | 27,506 |  |   | (7,293 | ) | (1) |   |   |  |   |   | 51,377 |  |

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Table of Contents

|                     |
|---------------------|
|                     |  |  |
| Exhibit Number |   | Description |
| 3.1                 |   | Certificate of Incorporation of Registrant, as amended and currently in effect (1) |
| 3.2                 |   | Bylaws of Registrant, as amended and currently in effect (26) |
| 4.1                 |   | Article Fourth of Certificate of Incorporation of Registrant, as amended and currently in effect (included in Exhibit 3.1) (1) |
| 4.2                 |   | Rights Agreement dated as of January 8, 2004 between Methode Electronics, Inc. and Mellon Investor Services LLC, which includes as Exhibit A thereto, the Certificate of Designation of Series A Junior Participating Preferred Stock of Methode Electronics, Inc.; as Exhibit B thereto, the Form of Right Certificate; as Exhibit C thereto, the Summary of Rights to Purchase Preferred Shares. (2) |
| 10.1*               |   | Methode Electronics, Inc. Managerial Bonus and Matching Bonus Plan (also referred to as the Longevity Contingent Bonus Program) (3) |
| 10.2*               |   | Methode Electronics, Inc. 2000 Stock Plan (4) |
| 10.3*               |   | Methode Electronics, Inc. 2004 Stock Plan (5) |
| 10.4*               |   | Form of Methode Electronics, Inc. Restricted Stock Award Agreement (Executive Award/Cliff Vesting) under the 2000 Stock Plan (23) |
| 10.5                |   | Credit Agreement dated as of December 19, 2002 among Methode Electronics, Inc. as the Borrower, Bank of America, N.A., as Administrative Agent and L/C Issuer, and The Other Lenders Party Thereto (7) |
| 10.6                |   | Amendment to Credit Agreement dated as of November 2005 among Methode Electronics, Inc. as the Borrower, Bank of America, N.A., as Administrative Agent and L/C Issuer, and The Other Lenders Party Thereto (6) |
| 10.7*               |   | Form of Methode Electronics, Inc. Restricted Stock Award Agreement (Outside Director) under the 2004 Stock Plan (8) |
| 10.8*               |   | Form of Methode Electronics, Inc. Restricted Stock Award Agreement (Executive Award/Performance Based) under the 2004 Stock Plan (8) |
| 10.9                |   | Amendment to Credit Agreement dated as of January 31, 2006, among Methode Electronics, Inc., the Borrower, Bank of America, N.A., as Administrative Agent, and L/C Issuer, and The Other Lenders Party Thereto (9) |
| 10.10*              |   | Change in Control Agreement dated September 1, 2006 between Methode Electronics, Inc. and Donald W. Duda (10) |
| 10.11*              |   | Change in Control Agreement dated September 1, 2006 between Methode Electronics, Inc. and Douglas A. Koman (10) |
| 10.12*              |   | Change in Control Agreement dated September 1, 2006 between Methode Electronics, Inc. and Thomas D. Reynolds (10) |
| 10.13*              |   | Change in Control Agreement dated September 1, 2006 between Methode Electronics, Inc. and Paul E. Whybrow (10) |
| 10.14*              |   | Change in Control Agreement dated September 14, 2006 between Methode Electronics, Inc. and Theodore P. Kill (11) |
| 10.15*              |   | Change in Control Agreement dated September 14, 2006 between Methode Electronics, Inc. and Timothy R. Glandon (11) |
| 10.16*              |   | First Amendment to Methode Electronics, Inc. 2000 Stock Plan effective as of December 14, 2006 (12) |
| 10.17*              |   | Amended and Restated Restricted Stock Unit Award Agreement (Executive Award/Performance Based) effective as of June 18, 2004 between Methode Electronics, Inc. and Donald W. Duda (12) |
| 10.18*              |   | Amended and Restated Restricted Stock Unit Award Agreement (Executive Award/Cliff Vesting) effective as of June 18, 2004 between Methode Electronics, Inc. and Donald W. Duda (12) |
| 10.19               |   | Waiver and Amendment dated as of February 28, 2007 among Methode Electronics, Inc., the Borrower, Bank of America, N.A., as Administrative Agent, and L/C Issuer, and The Other Lenders Party Thereto (13) |
| 10.20*              |   | Amended Cash Bonus Agreement effective as of April 6, 2007 between Methode Electronics, Inc. and Donald W. Duda (14) |
| 10.21*              |   | Amended and Restated Restricted Stock Unit Award Agreement (Executive Award/Performance Based) effective as of June 15, 2005 between Methode Electronics, Inc. and Donald W. Duda (14) |
| 10.22*              |   | Amended and Restated Restricted Stock Unit Award Agreement (Executive Award/Performance Based) effective as of August 7, 2006 between Methode Electronics, Inc. and Donald W. Duda (14) |
| 10.23*              |   | Methode Electronics, Inc. 2007 Stock Plan (15) |
| 10.24*              |   | Form Performance Based RSA Award Agreement (15) |

----

Table of Contents

|                     |
|---------------------|
|                     |  |  |
| Exhibit Number |   | Description |
| 10.25*              |   | Form Annual Cash Bonus Award Agreement (15) |
| 10.26*              |   | Form RSA Tandem Cash Award Agreement (15) |
| 10.27*              |   | Form Director RSA Award Agreement (15) |
| 10.28*              |   | Change in Control Agreement dated July 15, 2008 between Methode Electronics, Inc. and Ronald L. G. Tsoumas (17) |
| 10.29               |   | Fourth Amendment and Waiver to Credit Agreement, effective as of May 2, 2009, among the Company as the Borrower, Bank of America, N.A. (19) |
| 10.30*              |   | Form of Methode Electronics, Inc. Restricted Stock and Tandem Cash Award Cancellation Agreement (20) |
| 10.31*              |   | Form of Non-Qualified Stock Option Award Agreement (21) |
| 10.32*              |   | Form of Amendment to Change in Control Agreement (22) |
| 10.33*              |   | Methode Electronics, Inc. 2010 Cash Incentive Plan (24) |
| 10.34*              |   | Methode Electronics, Inc. 2010 Stock Plan (24) |
| 10.35*              |   | Form of Methode Electronics, Inc. Non-Qualified Stock Option Form Award Agreement (24) |
| 10.36*              |   | Form of Methode Electronics, Inc. Performance Based Restricted Stock Form Award Agreement (25) |
| 10.37*              |   | Form of Methode Electronics, Inc. Restricted Stock Unit Form Award Agreement (25) |
| 10.38*              |   | Form of Methode Electronics, Inc. RSA Tandem Cash Award Form Award Agreement (25) |
| 10.39*              |   | Form of Methode Electronics, Inc. Cash Bonus Form Award Agreement (25) |
| 10.40*              |   | Form of Methode Electronics, Inc. Form of Amendment to Change in Control Agreement (25) |
| 10.41               |   | Amendment to Credit Agreement, dated as of January 28, 2011, among the Company as the Borrower, Bank of America, N.A., as Administrative Agent and L/C issuer, and the Other Lenders party hereto (27) |
| 10.42               |   | Amended and Restated Credit Agreement dated as of February 25, 2011 among Methode Electronics, Inc. as the Borrower, Bank of America N.A., as Administrative Agent and Other Lenders party thereto (18) |
|                |   |   |
| 21                  |   | Subsidiaries of Methode Electronics, Inc. |
| 23                  |   | Consent of Ernst & Young LLP |
| 31.1                |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer |
| 31.2                |   | Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer |
| 32                  |   | Certification of Periodic Financial Report Pursuant to 18 U.S.C. Section 1350 |

|           |                                                                                                                          |
|-----------|--------------------------------------------------------------------------------------------------------------------------|
| (1)  | Previously filed with Registrant’s Form 8-K filed January 9, 2004, and incorporated herein by reference. |

|           |                                                                                                                          |
|-----------|--------------------------------------------------------------------------------------------------------------------------|
| (2)  | Previously filed with Registrant’s Form 8-A filed January 8, 2004, and incorporated herein by reference. |

|           |                                                                                                                                       |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------|
| (3)  | Previously filed with Registrant’s Form 10-K for the year ended April 30, 2005, and incorporated herein by reference. |

|           |                                                                                                                                                 |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (4)  | Previously filed with Registrant’s Form 10-Q for the three months ended October 31, 2000, and incorporated herein by reference. |

|           |                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------|
| (5)  | Previously filed with Registrant’s Form 8-K filed December 7, 2004, and incorporated herein by reference. |

|           |                                                                                                                                                 |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (6)  | Previously filed with Registrant’s Form 10-Q for the three months ended October 31, 2005, and incorporated herein by reference. |

|           |                                                                                                                                                 |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (7)  | Previously filed with Registrant’s Form 10-Q for the three months ended January 31, 2003, and incorporated herein by reference. |

|           |                                                                                                                          |
|-----------|--------------------------------------------------------------------------------------------------------------------------|
| (8)  | Previously filed with Registrant’s Form 8-K filed August 11, 2006, and incorporated herein by reference. |

|           |                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------|
| (9)  | Previously filed with Registrant’s Form 8-K filed February 3, 2006, and incorporated herein by reference. |

|            |                                                                                                                            |
|------------|----------------------------------------------------------------------------------------------------------------------------|
| (10)  | Previously filed with Registrant’s Form 8-K filed September 6, 2006, and incorporated herein by reference. |

|            |                                                                                                                             |
|------------|-----------------------------------------------------------------------------------------------------------------------------|
| (11)  | Previously filed with Registrant’s Form 8-K filed September 18, 2006, and incorporated herein by reference. |

|            |                                                                                                                                                 |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (12)  | Previously filed with Registrant’s Form 10-Q for the three months ended January 27, 2007, and incorporated herein by reference. |

|            |                                                                                                                         |
|------------|-------------------------------------------------------------------------------------------------------------------------|
| (13)  | Previously filed with Registrant’s Form 8-K filed March 12, 2007, and incorporated herein by reference. |

|            |                                                                                                                        |
|------------|------------------------------------------------------------------------------------------------------------------------|
| (14)  | Previously filed with Registrant’s Form 8-K filed April 6, 2007, and incorporated herein by reference. |

|            |                                                                                                                             |
|------------|-----------------------------------------------------------------------------------------------------------------------------|
| (15)  | Previously filed with Registrant’s Form 8-K filed September 19, 2007, and incorporated herein by reference. |

|            |                                                                                                                           |
|------------|---------------------------------------------------------------------------------------------------------------------------|
| (16)  | Previously filed with Registrant’s Form 8-K filed November 2, 2007, and incorporated herein by reference. |

|            |                                                                                                                         |
|------------|-------------------------------------------------------------------------------------------------------------------------|
| (17)  | Previously filed with Registrant’s Form 10-K filed July 17, 2008, and incorporated herein by reference. |

----

Table of Contents

|            |                                                                                                                    |
|------------|--------------------------------------------------------------------------------------------------------------------|
| (18)  | Previously filed with Registrant’s Form 10-Q filed March 3, 2011, and incorporated herein by reference. |

|            |                                                                                                                                               |
|------------|-----------------------------------------------------------------------------------------------------------------------------------------------|
| (19)  | Previously filed with Registrant’s Form 10-Q for the three months ended August 1, 2009, and incorporated herein by reference. |

|            |                                                                                                                            |
|------------|----------------------------------------------------------------------------------------------------------------------------|
| (20)  | Previously filed with Registrant’s Form 8-K filed December 18, 2009, and incorporated herein by reference. |

|            |                                                                                                                       |
|------------|-----------------------------------------------------------------------------------------------------------------------|
| (21)  | Previously filed with Registrant’s Form 8-K filed July 9, 2009, and incorporated herein by reference. |

|            |                                                                                                                        |
|------------|------------------------------------------------------------------------------------------------------------------------|
| (22)  | Previously filed with Registrant’s Form 8-K filed July 20, 2009, and incorporated herein by reference. |

|            |                                                                                                                                                |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------|
| (23)  | Previously filed with Registrant’s Form 10-Q for the three month ended October 31, 2004, and incorporated herein by reference. |

|            |                                                                                                           |
|------------|-----------------------------------------------------------------------------------------------------------|
| (24)  | Previously filed with Registrant's Form 8-K filed October 20, 2010, and incorporated herein by reference. |

|            |                                                                                                            |
|------------|------------------------------------------------------------------------------------------------------------|
| (25)  | Previously filed with Registrant's Form 8-K filed November 12, 2010, and incorporated herein by reference. |

|            |                                                                                                            |
|------------|------------------------------------------------------------------------------------------------------------|
| (26)  | Previously filed with Registrant's Form 8-K filed December 17, 2010, and incorporated herein by reference. |

|            |                                                                                                           |
|------------|-----------------------------------------------------------------------------------------------------------|
| (27)  | Previously filed with Registrant's Form 8-K filed February 1, 2011, and incorporated herein by reference. |