PLEXUS CORP 8-K

What Happened

• On April 29, 2026, Plexus Corp. filed an 8-K announcing its financial results for the fiscal second quarter ended April 4, 2026 (press release furnished as Exhibit 99.1).
• Separately, the company disclosed on April 27–28, 2026 that Executive VP & CFO Patrick J. Jermain will retire effective July 31, 2026. Mr. Jermain will remain in the CFO role and as principal financial officer through midnight May 10, 2026, then serve in an advisory capacity through July 31 under a Retirement and Transition Agreement dated April 28, 2026. David Abuhl will become Senior VP & Chief Financial Officer and principal financial officer on May 11, 2026.

Key Details

• Fiscal quarter: Q2 ended April 4, 2026 — results announced April 29, 2026 (press release filed).
• CFO transition timeline: Jermain actively serves through May 10, 2026; advisory role May 11–July 31, 2026; retirement date July 31, 2026. Abuhl assumes CFO duties May 11, 2026.
• Compensation/benefits: Abuhl’s CFO base salary is $550,000 with a VICP target of 80% of base; Jermain’s base salary ends on the Retirement Date, he’ll receive a pro‑rata fiscal 2026 VICP award, and may receive 18 months of employer‑portion health subsidy if he timely elects COBRA.
• Vesting treatment: In exchange for restrictive covenants and a release, Jermain’s unvested RSUs and PSUs as of the Retirement Date will continue to vest per original schedules/performance results, subject to forfeiture for breach.

Why It Matters

• The filing combines routine quarterly results disclosure with a significant finance leadership change. The planned, orderly CFO transition—driven by a succession plan and an internal finance leader—aims to preserve continuity in financial reporting and operations.
• Key investor takeaways: review the Q2 press release for revenue and earnings details; note the new CFO’s compensation and start date; and recognize that unvested equity for the departing CFO will continue to vest subject to covenants, which limits potential disruption to executive alignment.