Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 7, 2011, Benchmark Electronics, Inc. (the Company) issued a press release announcing the appointment of David W. Scheible to the Board of Directors of the Company (the Board) effective June 6, 2011 as an independent director. Mr. Scheible serves as Chief Executive Officer, President and Director of Graphic Packaging Holding Company, a global manufacturer of custom packaging, paperboard, laminations and coatings, systems and machinery and contract packaging services to multinational companies. He also served as the Chief Operating Officer of Graphic Packaging from 1999 to 2006 and joined Graphic Packaging in 1998 as President of the Flexible Packaging Division. Prior to joining Graphic Packaging, Mr. Scheible had been an executive with Avery Dennison Corporation (1986 to 1998) a global manufacturer of self-adhesive products, office products and specialized label systems. Mr. Scheible began his career at B.F. Goodrich Corporation in 1980, and has held various positions in the manufacturing industry for more than 30 years. Mr. Scheible received a Masters of Business Administration in Finance and a Bachelor of Science in Biochemistry from Purdue University.
The Board has appointed Mr. Scheible to serve as a director and as a member of the Company’s Compensation Committee until the next Annual Meeting of Shareholders planned for May 9, 2012. For his service as a non-employee director of the Company, Mr. Scheible will receive (a) $60,000 per annum; (b) $1,000 per Board meeting attended and (c) $1,000 per Committee meeting attended as a member of such committee. On June 6, 2011, Mr. Scheible received a restricted stock unit award grant of 5,810 Common Shares of the Company under the Company’s 2010 Omnibus Incentive Compensation Plan. These restricted stock units will vest in equal quarterly installments over a one-year period following the date of grant.
The press release announcing the appointment of Mr. Scheible is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
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Exhibit 99.1
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Press release dated June 7, 2011
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