CHICAGO, IL--(Marketwired - Apr 18, 2013) - Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced it has been named one of "America's 100 Most Trustworthy Companies" by Forbes for the second year in a row.
Forbes relies on GMI Ratings, a pioneer in the application of non-traditional risk measures for financial analysis, to identify the most transparent and trustworthy businesses that trade on American exchanges. To create the list, GMI examines more than 8,000 companies traded on U.S. exchanges and reviews over 60 different governance and forensic accounting measures, searching for the companies that persistently display the most accounting transparency, have the lowest incidence of high-risk events, and have appropriate Board supervision. GMI's evaluation penalizes companies for unusual or excessive executive compensation, high levels of management turnover, substantial insider trading relative to their corporate peers, or high levels of short-term executive compensation, which encourages management to focus on short-term results.
President and Chief Executive Officer Donald W. Duda said, "It is a great honor to receive this designation and be recognized for our core values and guiding principles of integrity. Our goal of continuously building shareholder value and trust is one of the most important aspects of our corporate strategy."
Read the article and see the full list at http://www.forbes.com/sites/jacquelynsmith/2013/03/18/americas-100-most-trustworthy-companies/.
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in China, Germany, India, Italy, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States. We design, manufacture and market devices employing electrical, electronic, wireless, safety radio remote control, sensing and optical technologies to control and convey signals through sensors, interconnections and controls. Our business is managed on a segment basis, with those segments being Automotive, Interconnect, Power Products and Other. Our components are in the primary end markets of the automobile, computer, information processing and networking equipment, voice and data communication systems, consumer electronics, appliances, aerospace vehicles and industrial equipment industries. Further information can be found on Methode's Web site www.methode.com.