Benchmark Electronics Appoints David Moezidis CEO
TEMPE, AZ – Benchmark Electronics, Inc. has entered into an employment agreement with David Moezidis, who will assume the role of President and Chief Executive Officer effective March 31, 2026, according to a recent filing with the Securities and Exchange Commission. Moezidis, 54, will also serve on the company’s board of directors during his tenure as CEO.
The agreement, dated February 19, sets Moezidis’s annual base salary at $900,000. He will be eligible for an annual target cash bonus equal to 115% of his base salary, with a maximum bonus opportunity of 200%.
In February 2026, Moezidis will receive equity awards valued at $2.5 million, divided evenly between time-based restricted stock units and performance stock units. Upon taking office as CEO, he will receive an additional $1.5 million in equity awards, also split evenly between time-based and performance-based units. The time-based awards will vest in three equal annual installments, subject to continued employment, while performance stock units will vest over three years based on the same performance criteria applied to other executive officers in 2026.
Under the terms of the agreement, if Moezidis’s employment is terminated without cause or he resigns for good reason, he will receive a lump-sum payment equal to two times the combined value of his base salary and target bonus, along with a pro-rated annual bonus and pro-rated vesting of equity awards. If such termination occurs within 24 months following a change in control, severance increases to three times the total cash amount, and all outstanding equity awards will vest at target levels.
The agreement also provides for accelerated vesting of awards in the event of death and includes two-year non-compete and non-solicitation provisions following termination.
