v3.26.1
Pay vs Performance Disclosure - USD ($)
 10 Months Ended 12 Months Ended 14 Months Ended
Mar. 31, 2026
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
May 22, 2025
Pay vs Performance Disclosure                
Pay vs Performance Disclosure, Table  
Pay Versus Performance
 
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and
non-PEO
NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
Year
Summary
Compensation
Table Total for
Shawn
O’Connell
(1)

($)
Compensation
Actually Paid
to Shawn
O’Connell
(1)(2)(3)

($)
Summary
Compensation
Table Total for
David M.
Shaffer
(1)

($)
Compensation
Actually Paid
to David M.
Shaffer
(1)(2)(3)

($)
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
(1)

($)
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(1)(2)(3)

($)
Value of Initial Fixed
$100 Investment
Based on:
(4)
TSR
($)
Peer Group
TSR
($)
Net
Income
($ Millions)
Adjusted
Operating
Earnings
($ Thousands)
(5)
2026
 
7,118,612
 
15,756,172
 
14,288,481
 
9,349,346
 
2,894,254
 
6,546,395
 
200.27
 
251.37
 
293.6
 
547,318
2025
 
—
 
—
 
8,476,396
 
7,095,324
 
2,544,738
 
2,088,454
 
104.67
 
139.47
 
363.7
 
498,400
2024
 
—
 
—
 
7,931,249
 
9,572,220
 
1,846,876
 
2,099,458
 
106.92
 
139.87
 
269.1
 
325,639
2023
 
—
 
—
 
7,888,918
 
10,402,205
 
2,124,010
 
2,609,038
 
97.49
 
104.91
 
175.8
 
324,241
2022
 
—
 
—
 
6,852,166
 
2,053,729
 
1,771,200
 
799,102
 
82.85
 
98.80
 
143.9
 
318,243
 
(1)
Shawn O’Connell started as PEO on May 23, 2025. Prior to May 23, 2025, David M. Shaffer was our PEO each year until May 22, 2025. The individuals comprising the
non-PEO
NEOs for each fiscal year are listed below.
 
2022
  
2023   
  
2024  
  
2025  
  
2026
Michael J. Schmidtlein
   Andrea J. Funk   Andrea J. Funk   Andrea J. Funk   Andrea J. Funk
Shawn O’Connell
   Shawn O’Connell   Shawn O’Connell   Shawn O’Connell   Mark Matthews
Joern Tinnemeyer
   Joern Tinnemeyer   Joern Tinnemeyer   Joern Tinnemeyer   Chad C. Uplinger
Andrew M. Zogby
   Andrew M. Zogby   Chad C. Uplinger   Chad C. Uplinger   Keith Fisher
    Andrew M. Zogby   Keith Fisher  
 
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the
non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of our 2026 Summary Compensation Table on page 44.
 
Year
Summary Compensation
Table Total for Shawn
O’Connell
($)
Exclusion of Stock
Awards and
Option Awards for
Shawn O ’Connell
($)
Inclusion of Equity
Values for Shawn
O’Connell
($)
Compensation Actually
Paid to Shawn O’Connell 
($)
2026
 
7,118,612
 
(4,500,000
)
 
13,137,560
 
15,756,172
 
Year
Summary Compensation
Table Total for David M.
Shaffer
($)
Exclusion of Stock
Awards and
Option Awards for
David M. Shaffer
($)
Inclusion of Equity
Values for David
M. Shaffer
($)
Compensation Actually
Paid to David M. Shaffer
($)
2026
 
14,288,481
 
(13,693,694
)
 
8,754,559
 
9,349,346
 
Year
Average Summary
Compensation Table
Total for Non-PEO NEOs

($)
Average Exclusion of
Stock Awards and
Option Awards for Non-
PEO NEOs
($)
Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
2026
 
2,894,254
 
(1,625,000
)
 
5,277,141
 
6,546,395
 
 
 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
Shawn O’ Connell
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
Shawn O’ Connell
($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
Shawn O’ Connell
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
Shawn O’ Connell
($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
Shawn
O’ Connell
($)
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
Shawn
O’ Connell
($)
Total—
Inclusion of
Equity Values
for Shawn
O’ Connell
($)
2026
 
10,189,852
 
2,788,240
 
—
 
159,468
 
—
 
—
 
13,137,560
 
Year
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
David M. Shaffer
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
David M. Shaffer
($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
David M. Shaffer
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
David M. Shaffer
($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
David M.
Shaffer
($)
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
David M.
Shaffer
($)
Total—
Inclusion of
Equity Values
for David M.
Shaffer
($)
2026
 
—
 
8,648,095
 
—
 
106,464
 
—
 
—
 
8,754,559
Year
Average Year-End Fair

Value of Equity Awards
Granted During Fiscal
Year That Remained
Unvested as of Last Day
of Fiscal Year for Non-
PEO NEOs
($)
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to Last
Day of Fiscal Year of
Unvested Equity Awards
for
Non-PEO
NEOs
($)
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to
Vesting Date of
Unvested Equity Awards
That Vested During
Fiscal Year for
Non-PEO

NEOs
($)
Average Fair Value at
Last Day of Prior Year
of Equity Awards
Forfeited During Year
for
Non-PEO
NEOs
($)
Total—Average Inclusion
of Equity Values for
Non-PEO
NEOs
($)
2026
 
3,649,152
 
1,404,135
 
223,854
 
—
 
5,277,141
 
(4)
The Peer Group TSR set forth in the table below utilizes the Dow Jones US Electrical Components & Equipment Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the fiscal year ended March 31, 2026. The comparison assumes $100 was invested for the period starting March 31, 2021, through the end of the listed fiscal year in the Company and in the Dow Jones US Electrical Components & Equipment Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined Adjusted Operating Earnings to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and
Non-PEO
NEOs in fiscal year 2026. Adjusted Operating Earnings is a
non-GAAP
measure that adjusts Operating Earnings for charges that the Company incurs as a result of restructuring activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance. Please see “Fiscal Year 2026 MIP Targets and Payout” on page 36 for a description of the adjustments to operating earnings for fiscal year 2026, please see “Fiscal Year 2025 MIP Targets and Payout” on page 36 of our 2025 proxy statement, “Fiscal Year 2024 MIP Targets and Payout” on page 41 of our 2024 Proxy Statement, “Fiscal Year 2023 MIP Targets and Payout” on page 44 of our 2023 Proxy Statement, and “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement for a description of the adjustments to operating earnings for each fiscal year.
           
Named Executive Officers, Footnote  
(1)
Shawn O’Connell started as PEO on May 23, 2025. Prior to May 23, 2025, David M. Shaffer was our PEO each year until May 22, 2025. The individuals comprising the
non-PEO
NEOs for each fiscal year are listed below.
 
2022
  
2023   
  
2024  
  
2025  
  
2026
Michael J. Schmidtlein
   Andrea J. Funk   Andrea J. Funk   Andrea J. Funk   Andrea J. Funk
Shawn O’Connell
   Shawn O’Connell   Shawn O’Connell   Shawn O’Connell   Mark Matthews
Joern Tinnemeyer
   Joern Tinnemeyer   Joern Tinnemeyer   Joern Tinnemeyer   Chad C. Uplinger
Andrew M. Zogby
   Andrew M. Zogby   Chad C. Uplinger   Chad C. Uplinger   Keith Fisher
    Andrew M. Zogby   Keith Fisher  
           
Peer Group Issuers, Footnote   The Peer Group TSR set forth in the table below utilizes the Dow Jones US Electrical Components & Equipment Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the fiscal year ended March 31, 2026. The comparison assumes $100 was invested for the period starting March 31, 2021, through the end of the listed fiscal year in the Company and in the Dow Jones US Electrical Components & Equipment Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. 		           
Adjustment To PEO Compensation, Footnote  
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the
non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns of our 2026 Summary Compensation Table on page 44.
Year
Summary Compensation
Table Total for Shawn
O’Connell
($)
Exclusion of Stock
Awards and
Option Awards for
Shawn O ’Connell
($)
Inclusion of Equity
Values for Shawn
O’Connell
($)
Compensation Actually
Paid to Shawn O’Connell 
($)
2026
 
7,118,612
 
(4,500,000
)
 
13,137,560
 
15,756,172
Year
Summary Compensation
Table Total for David M.
Shaffer
($)
Exclusion of Stock
Awards and
Option Awards for
David M. Shaffer
($)
Inclusion of Equity
Values for David
M. Shaffer
($)
Compensation Actually
Paid to David M. Shaffer
($)
2026
 
14,288,481
 
(13,693,694
)
 
8,754,559
 
9,349,346
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
Shawn O’ Connell
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
Shawn O’ Connell
($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
Shawn O’ Connell
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
Shawn O’ Connell
($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
Shawn
O’ Connell
($)
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
Shawn
O’ Connell
($)
Total—
Inclusion of
Equity Values
for Shawn
O’ Connell
($)
2026
 
10,189,852
 
2,788,240
 
—
 
159,468
 
—
 
—
 
13,137,560
 
Year
Year-End Fair

Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of
Fiscal Year for
David M. Shaffer
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Last Day of Fiscal
Year of Unvested
Equity Awards for
David M. Shaffer
($)
Vesting-Date
Fair Value of
Equity Awards
Granted During
Year that Vested
During Year for
David M. Shaffer
($)
Change in Fair
Value from Last
Day of Prior
Fiscal Year to
Vesting Date of
Unvested Equity
Awards that
Vested During
Fiscal Year for
David M. Shaffer
($)
Fair Value at
Last Day of
Prior Year of
Equity Awards
Forfeited
During Year for
David M.
Shaffer
($)
Value of
Dividends or
Other Earnings
Paid on Equity
Awards Not
Otherwise
Included for
David M.
Shaffer
($)
Total—
Inclusion of
Equity Values
for David M.
Shaffer
($)
2026
 
—
 
8,648,095
 
—
 
106,464
 
—
 
—
 
8,754,559
           
Non-PEO NEO Average Total Compensation Amount   $ 2,894,254 $ 2,544,738 $ 1,846,876 $ 2,124,010 $ 1,771,200    
Non-PEO NEO Average Compensation Actually Paid Amount   $ 6,546,395 2,088,454 2,099,458 2,609,038 799,102    
Adjustment to Non-PEO NEO Compensation Footnote  
 
Year
Average Summary
Compensation Table
Total for Non-PEO NEOs

($)
Average Exclusion of
Stock Awards and
Option Awards for Non-
PEO NEOs
($)
Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
Average Compensation
Actually Paid to
Non-PEO
NEOs
($)
2026
 
2,894,254
 
(1,625,000
)
 
5,277,141
 
6,546,395
 
Year
Average Year-End Fair

Value of Equity Awards
Granted During Fiscal
Year That Remained
Unvested as of Last Day
of Fiscal Year for Non-
PEO NEOs
($)
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to Last
Day of Fiscal Year of
Unvested Equity Awards
for
Non-PEO
NEOs
($)
Average Change in Fair
Value from Last Day of
Prior Fiscal Year to
Vesting Date of
Unvested Equity Awards
That Vested During
Fiscal Year for
Non-PEO

NEOs
($)
Average Fair Value at
Last Day of Prior Year
of Equity Awards
Forfeited During Year
for
Non-PEO
NEOs
($)
Total—Average Inclusion
of Equity Values for
Non-PEO
NEOs
($)
2026
 
3,649,152
 
1,404,135
 
223,854
 
—
 
5,277,141
           
Compensation Actually Paid vs. Total Shareholder Return  
Relationship Between PEOs and
Non-PEO
NEO Compensation Actually Paid, Company Total Shareholder Return (“TSR”) and Peer Group TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the cumulative TSR over the five most recently completed fiscal years for the Company, and the Dow Jones US Electrical Components & Equipment Index TSR over the same period.
 
LOGO
 
            
Compensation Actually Paid vs. Net Income  
Relationship Between PEOs and
Non-PEO
NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Net Income during the five most recently completed fiscal years.
 
LOGO
 
            
Compensation Actually Paid vs. Company Selected Measure  
 
Relationship Between PEOs and
Non-PEO
NEO Compensation Actually Paid and Adjusted Operating Earnings
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our Adjusted Operating Earnings during the five most recently completed fiscal years.
 
LOGO
           
Total Shareholder Return Vs Peer Group  
Relationship Between PEOs and
Non-PEO
NEO Compensation Actually Paid, Company Total Shareholder Return (“TSR”) and Peer Group TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our
Non-PEO
NEOs, the cumulative TSR over the five most recently completed fiscal years for the Company, and the Dow Jones US Electrical Components & Equipment Index TSR over the same period.
 
LOGO
 
            
Tabular List, Table  
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEOs and
Non-PEO
NEOs for 2026 to Company performance. The measures in this table are not ranked.
 
 Most Important
 Performance Measures
   Adjusted Operating Earnings     
  Primary Operating Capital
            
Total Shareholder Return Amount   $ 200.27 104.67 106.92 97.49 82.85    
Peer Group Total Shareholder Return Amount   251.37 139.47 139.87 104.91 98.8    
Net Income (Loss)   $ 293,600,000 $ 363,700,000 $ 269,100,000 $ 175,800,000 $ 143,900,000    
Company Selected Measure Amount   547,318,000 498,400,000 325,639,000 324,241,000 318,243,000    
Measure:: 1                
Pay vs Performance Disclosure                
Name   Adjusted Operating Earnings            
Non-GAAP Measure Description   We determined Adjusted Operating Earnings to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and
Non-PEO
NEOs in fiscal year 2026. Adjusted Operating Earnings is a
non-GAAP
measure that adjusts Operating Earnings for charges that the Company incurs as a result of restructuring activities, impairment of goodwill and indefinite-lived intangibles and other assets, acquisition activities and those charges and credits that are not directly related to operating unit performance. Please see “Fiscal Year 2026 MIP Targets and Payout” on page 36 for a description of the adjustments to operating earnings for fiscal year 2026, please see “Fiscal Year 2025 MIP Targets and Payout” on page 36 of our 2025 proxy statement, “Fiscal Year 2024 MIP Targets and Payout” on page 41 of our 2024 Proxy Statement, “Fiscal Year 2023 MIP Targets and Payout” on page 44 of our 2023 Proxy Statement, and “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement for a description of the adjustments to operating earnings for each fiscal year. 		           
Measure:: 2                
Pay vs Performance Disclosure                
Name   Primary Operating Capital            
Shawn OConnell [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount   $ 7,118,612 $ 0 $ 0 $ 0 $ 0    
PEO Actually Paid Compensation Amount   15,756,172 0 0 0 0    
PEO Name Shawn O’Connell              
David M Shaffer [Member]                
Pay vs Performance Disclosure                
PEO Total Compensation Amount   14,288,481 8,476,396 7,931,249 7,888,918 6,852,166    
PEO Actually Paid Compensation Amount   9,349,346 $ 7,095,324 $ 9,572,220 $ 10,402,205 $ 2,053,729    
PEO Name       David M. Shaffer David M. Shaffer David M. Shaffer   David M. Shaffer
PEO | Shawn OConnell [Member] | Equity Awards Adjustments                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   13,137,560            
PEO | Shawn OConnell [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   10,189,852            
PEO | Shawn OConnell [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   2,788,240            
PEO | Shawn OConnell [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   159,468            
PEO | Shawn OConnell [Member] | Exclusion of Stock Awards and Option Awards [Member]                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   (4,500,000)            
PEO | David M Shaffer [Member] | Equity Awards Adjustments                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   8,754,559            
PEO | David M Shaffer [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   0            
PEO | David M Shaffer [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   8,648,095            
PEO | David M Shaffer [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   106,464            
PEO | David M Shaffer [Member] | Exclusion of Stock Awards and Option Awards [Member]                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   (13,693,694)            
Non-PEO NEO | Equity Awards Adjustments                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   5,277,141         $ 5,277,141  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount             3,649,152  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount             1,404,135  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount             $ 223,854  
Non-PEO NEO | Exclusion of Stock Awards and Option Awards [Member]                
Pay vs Performance Disclosure                
Adjustment to Compensation, Amount   $ (1,625,000)