8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 15, 2006

Methode Electronics, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	0-2816	36-2090085
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
7401 W. Wilson, Chicago, Illinois		60706
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 708-867-6777

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On September 15, 2006, Methode Electronics, Inc. issued a press release announcing its stock repurchase plan, a scheduled dividend payment and results from its 2006 annual meeting of stockholders. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)

99.1 Methode Electronics, Inc. Press Release dated September 15, 2006.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Methode Electronics, Inc.
September 15, 2006	By:	Douglas A. Koman
		Name: Douglas A. Koman
		Title: Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Methode Electronics, Inc. Press Release dated September 15, 2006.

EX-99.1

News Release

For:	Methode Electronics, Inc.	Contact:	Joey Iske
	7401 West Wilson Avenue		Director of Investor Relations
	Chicago, IL 60706			708-457-4060
			jiske@methode.com

Methode Electronics, Inc. Announces Stock Repurchase Plan, Dividend
and Annual Meeting Results

Chicago, IL – September 15, 2006 – Methode Electronics, Inc. (Nasdaq: METH.) today announced that its Board of Directors has authorized the Company to repurchase up to 3 million shares of its outstanding common stock through April 30, 2008. Methode expects such repurchases to be effected from time to time, in the open market or in private transactions, subject to market conditions, general business conditions, cash balances and other relevant factors. No assurance can be given as to the time period over which the shares will be repurchased or as to whether and to what extent the share repurchase will be consummated.

Donald Duda, President and CEO stated, “While Methode will continue to focus on acquisitions, the Company’s share repurchase plan represents an opportunity for Methode to enhance shareholder value.”

In addition, Methode’s Board of Directors has declared a quarterly dividend of $0.05 per share to be paid on October 31, 2006 to common stockholders of record at the close of business on October 13, 2006.

Methode held its annual meeting of stockholders on September 14, 2006 to elect directors and ratify Ernst & Young LLP as the Company’s independent registered public accounting firm. All directors were reelected with no less than 99.8 percent of votes cast. Ernst & Young LLP was ratified with a vote “For” of 98.6 percent.

About Methode Electronics

Methode Electronics, Inc., globally designs, manufactures, and markets component devices and subsystems worldwide for Original Equipment Manufacturers (OEMs). Methode’s components are found in the primary end markets of the automotive, information processing and networking equipment, voice and data communications systems, consumer electronics, aerospace vehicles, rail and other transportation industries and industrial equipment. Our products employ electrical, electronic and opto-electronic technologies, such as sensors, interconnects and controls. Further information can be found on Methode’s website, www.methode.com.