BHE BENCHMARK ELECTRONICS INC
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Executive Summary
Benchmark Electronics appointed David Moezidis as President and CEO effective March 31, 2026, and entered into an employment agreement detailing his compensation and severance terms. The agreement includes a $900,000 base salary, target annual bonus of 115%, and significant equity awards totaling $4 million in value at hire, with enhanced severance benefits if terminated without cause or following a change in control.
Actionable Insight
Monitor for any changes in executive leadership stability and assess the potential dilution impact from the significant equity grants. The generous change-in-control severance terms could influence takeover dynamics.
Key Facts
- David Moezidis appointed President and CEO effective March 31, 2026
- Employment agreement includes $900,000 annual base salary and 115% target annual bonus
- Receives $2.5 million in equity awards in February 2026 and $1.5 million upon start date, with future annual equity opportunity of $4 million
- Entitled to two times total cash compensation (salary + target bonus) if terminated without cause or for good reason
- Severance increases to three times total cash compensation if termination occurs within 24 months of a change in control
- Agreement automatically renews for successive two-year terms unless either party provides 90 days' notice
Financial Impact
Approximately $4 million in initial equity awards plus $900,000 annual cash compensation, with potential severance package valued at approximately $3.7 million (2x total cash compensation) or $5.6 million (3x) if terminated under specified conditions
Risk Factors
- Potential shareholder dilution from substantial equity awards
- Increased severance liability, particularly the enhanced change-in-control package
- Risk of executive turnover if performance expectations are not met
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-067236 |
| Document: bhe-20260219.htm | 0001193125-26-067236 |
| Document: 0001193125-26-067236-index-headers.html | 0001193125-26-067236 |
| Document: 0001193125-26-067236-index.html | 0001193125-26-067236 |
| Document: 0001193125-26-067236.txt | 0001193125-26-067236 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 15, 2026
4w ago
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Insider Cluster
| $84.94 $85.12 | ▲ +0.21% | ▼ −0.75% | $89.93 (+5.87%) |
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May 15, 2026
4w ago
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Insider Cluster
| $84.94 $85.12 | ▲ +0.21% | ▼ −0.75% | $89.93 (+5.87%) |
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May 6, 2026
5w ago
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Insider Cluster
| $86.60 $83.38 | ▼ −3.72% | ▼ −4.85% | $89.93 (+3.85%) |
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Apr 29, 2026
6w ago
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8-K
| $82.05 $83.78 | ▲ +2.11% | ▲ +0.38% | $89.93 (+9.60%) |
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Apr 17, 2026
8w ago
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DEFA14A
| $65.73 $69.26 | ▲ +5.37% | ▲ +4.46% | $89.93 (+36.82%) |
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Feb 24, 2026
15w ago
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8-K
| $60.17 $57.16 | ▼ −5.00% | ▼ −3.90% | $89.93 (+49.46%) |
US Market Status
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