METHODE ELECTRONICS INC

As used herein, “we,” “us,” “our,” the “Company” or “Methode” means Methode Electronics, Inc. and its subsidiaries.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K (“this Annual Report”) includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to our operations and business environment, which may cause our actual results to be materially different from any future results, expressed or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or our strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following:

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Dependence on the automotive, commercial vehicle, and construction industries;

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Timing, quality and cost of new program launches;

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Changes in electric vehicle (“EV”) demand;

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Investment in programs prior to the recognition of revenue;

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Impact from production delays or cancelled orders;

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Changes in global trade policies, including tariffs;

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Failure to attract and retain qualified personnel;

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Impact from inflation;

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Dependence on the availability and price of materials;

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Dependence on a small number of large customers;

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Dependence on our supply chain;

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Risks related to conducting global operations;

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Effects of potential catastrophic events or other business interruptions;

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Ability to withstand pricing pressures, including price reductions;

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Ability to compete effectively;

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Our lengthy sales cycle;

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Risks relating to our use of requirements contracts;

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Potential work stoppages;

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Ability to successfully benefit from acquisitions and divestitures;

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Ability to manage our debt levels;

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Ability to comply with restrictions and covenants under our credit agreement;

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Interest rate changes and variable rate instruments;

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Timing and magnitude of costs associated with restructuring activities;

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Recognition of goodwill and other intangible asset impairment charges;

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Risks associated with inventory;

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Ability to remediate a material weakness in our internal control over financial reporting;

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Currency fluctuations;

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Income tax rate fluctuations;

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Judgments related to accounting for tax positions;

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Risks associated with litigation and government inquiries;

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Risks associated with warranty claims;

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Impact of changing government regulations;

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Changing requirements by stakeholders on environmental or social matters;

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Effects of IT disruptions or cybersecurity incidents;

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Ability to innovate and keep pace with technological changes; and

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Ability to protect our intellectual property.

Additional details and factors are discussed under the caption “Risk Factors” in this Annual Report. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. Any forward-looking statements made by us speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.