Benchmark Electronics, Inc.: New CEO Appointment and Executive Compensation Details

Key Points:

• Appointment of New President & CEO: On February 19, 2026, Benchmark Electronics, Inc. (“Benchmark”) announced the appointment of David Moezidis as President and Chief Executive Officer.
• Employment Agreement Executed: Moezidis entered into a formal Employment Agreement with Benchmark, outlining compensation, benefits, and performance incentives.
• Compensation Structure: The agreement includes a substantial base salary, annual bonus opportunity, and annual equity awards. Details provided below.
• Potential Price Sensitivity: Leadership changes and new compensation structures can impact investor expectations regarding company strategy, performance, and stock dilution.

Detailed Article for Investors

Leadership Change:
Benchmark Electronics, Inc., a publicly traded company on the New York Stock Exchange (NYSE: BHE), has officially appointed David Moezidis as its new President and Chief Executive Officer, effective February 19, 2026. This change in executive leadership is a significant event for shareholders, as CEO transitions often bring strategic shifts and can impact both operational direction and investor sentiment.

Compensation and Incentives:
The company has entered into a comprehensive Employment Agreement with Mr. Moezidis. Key components of the agreement include:

• Base Salary: While the exact amount is not specified in the summary, the agreement refers to a competitive executive base salary commensurate with the role.
• Annual Bonus: Moezidis is eligible for an annual bonus under the Executive Bonus Plan, with a target bonus opportunity of 115% of base salary, a threshold opportunity at 50% of target, and a maximum of 200% of target. Bonus payouts are tied to company performance measures established by the Compensation Committee.
• Annual Equity Awards: Starting in 2027 and for subsequent years, Moezidis will have an annual equity award opportunity with a grant-date value of \$4,000,000. The mix of awards (options, restricted stock units, performance units) and vesting terms will be determined by the Compensation Committee in its sole discretion.
• Office and Support: Moezidis will be provided an executive office at Benchmark’s headquarters in Tempe, Arizona, and administrative support consistent with his position.
• Clawback Policy: All incentive compensation is subject to Benchmark’s Clawback Policy, which may be amended in response to SEC rules and regulations, allowing recovery of compensation in certain circumstances (e.g., material misstatements).

Other Material Terms:

• Confidentiality and Non-Competition: The agreement contains robust confidentiality and non-competition provisions, restricting Moezidis from disclosing proprietary information and from competing with Benchmark during and after his term, with certain exceptions for whistleblower activity.
• Change in Control: The agreement defines “Change in Control” per Benchmark’s 2019 Omnibus Incentive Compensation Plan, which could trigger special provisions or accelerated vesting of equity awards.
• Termination and Benefits: In the event of termination, Moezidis (or his estate) is entitled to all vested benefits under company plans and reimbursement for certain expenses incurred prior to termination.

Shareholder Impact and Price Sensitivity:

• This leadership transition, with a highly incentivized compensation package, signals Benchmark’s commitment to aligning executive interests with shareholder value. The size of the annual equity grant (\$4 million) is noteworthy—it may be viewed by investors as both a motivational tool and a potential dilution risk, depending on grant structure.
• Clawback and whistleblower protections illustrate Benchmark’s compliance with evolving SEC governance standards, which may further enhance investor confidence in management integrity.
• The change in CEO and potential strategic shifts, combined with performance-linked incentives, could influence Benchmark’s future financial and operational results, making this news potentially impactful for share price.

Exhibits Attached

The full Employment Agreement (Exhibit 10.1) is incorporated by reference in the SEC filing, providing additional details for those seeking comprehensive disclosure.

Conclusion

Benchmark Electronics, Inc.’s appointment of David Moezidis as President and CEO, along with his executive compensation structure, marks a potentially transformative moment for the company. Investors should closely monitor further communications from Benchmark regarding Moezidis’ strategic plans, as well as any updates on performance metrics, equity awards, and governance policies, all of which could have material effects on share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to review the full SEC filing and consult their own advisors before making any investment decisions. All information is based on public filings as of February 19, 2026.

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