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- Departure of CFO (new) — CFO Patrick Jermain is retiring after 15 years, with a structured transition through July 31, 2026.
Plexus reports Q2 fiscal 2026 results; CFO Jermain retiring, Abuhl promoted effective May 11
Filed April 29, 2026 · Period ending April 28, 2026 · ~1 min read
Key Changes
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Plexus announced fiscal Q2 2026 results for the quarter ended April 4, 2026. Detailed financial metrics are in the earnings press release.
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CFO Patrick Jermain retiring July 31, 2026 after 15 years. He steps down as CFO May 10 but stays in advisory role through July to ensure smooth transition.
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David Abuhl, 43, promoted to CFO effective May 11, 2026. He joined Plexus in September 2025 as SVP Finance after CFO roles at Kimberly-Clark. Base salary $550K with 80% target bonus.
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Jermain's retirement agreement allows unvested equity to continue vesting on original schedules, plus pro-rata 2026 bonus and 18 months subsidized health benefits, in exchange for non-compete and release of claims.
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Summary
Plexus reported fiscal second quarter 2026 results for the period ended April 4, 2026, and simultaneously announced a planned CFO transition. Patrick Jermain, who has served as CFO for 15 years, will retire effective July 31, 2026. He formally steps down from the CFO role on May 10 but remains in an advisory capacity through July to support the handoff.
David Abuhl, who joined Plexus in September 2025 as Senior Vice President of Finance, will assume the CFO role on May 11. Abuhl, 43, previously held CFO positions at Kimberly-Clark, including CFO of Enterprise Supply Chain and CFO of Kimberly-Clark Professional EMEA. Retail investors should view this as an orderly, planned succession rather than a sudden departure.
Abuhl has had nearly eight months at Plexus to learn the business before taking the CFO reins, and Jermain's extended advisory period suggests management is prioritizing continuity. The retirement agreement includes favorable terms for Jermain, allowing his unvested equity to continue vesting, which is typical for long-tenured executives departing on good terms. Watch for Abuhl's first earnings call as CFO (likely Q3 fiscal 2026) to assess his communication style and strategic priorities. Also monitor whether the finance team experiences any turnover during the transition period, which could signal integration challenges.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Item 2.02 — Results of Operations and Financial Condition filed; see Key Changes for terms.
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On April 29, 2026, Plexus Corp. (“we” or the “Company”) announced results for the fiscal second quarter ended April 4, 2026.
The company disclosed financial results for its fiscal second quarter ending April 4, 2026. The actual financial metrics are contained in the press release referenced as Exhibit 99.1, which is not included in this 8-K body text.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Patrick J. Jermain, the Executive Vice President and Chief Financial Officer of Plexus Corp. (“Plexus” or the “Company”), informed the Company of his intent to retire from his employment with the Company at midnight on July 31, 2026 (the "Retirement Date"). Mr. Jermain will continue in his role as Executive Vice President and Chief Financial Officer, and as the principal financial and accounting officer and an executive officer of the Company, until midnight on May 10, 2026. Between May 11 and July 31, 2026, Mr. Jermain will continue to be employed by the Company, serving in an advisory capacity to support a seamless transition of the finance function.
CFO Patrick Jermain announced his retirement effective July 31, 2026, after 15 years with Plexus. He will cease serving as CFO on May 10, 2026, then transition to an advisory role through July 31 to support the finance function handoff. This is a planned retirement with structured transition period.
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On May 11, 2026, in accordance with the Company’s succession plan, David Abuhl will assume the role of Senior Vice President, Chief Financial Officer and principal financial and accounting officer. Mr. Abuhl, age 43, has served as the Company’s Sr. Vice President of Finance since September, 2025. Prior to joining Plexus, Mr. Abuhl was Chief Financial Officer - Enterprise Supply Chain at Kimberly-Clark Corporation from May 2023 to September 2025, and was Finance Director and Chief Financial Officer of Kimberly-Clark Professional EMEA from October 2020 to April 2023.
David Abuhl, currently SVP of Finance, will be promoted to CFO effective May 11, 2026. He joined Plexus in September 2025 from Kimberly-Clark where he held CFO roles. The succession appears planned and orderly, with Abuhl having nearly 8 months of overlap at Plexus before assuming the CFO role.
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Added in current filing · verify on EDGAR →
In consideration of Mr. Jermain’s 15 years of service to Plexus and his agreement to the restrictive covenants contained in the Retirement Agreement, including those relating to non-competition, non-interference and non-disparagement, as well as Mr. Jermain’s general release of claims against the Company, Mr. Jermain’s unvested restricted stock units ("RSUs") and unvested performance stock units ("PSUs") that exist as of the Retirement Date will continue to vest. His unvested RSUs will continue to vest on the existing vesting schedules as identified in the original grant agreements, and his unvested PSUs will vest based on final performance results for the performance periods that are identified in the original grant agreements.
Jermain's retirement agreement allows his unvested equity awards to continue vesting post-retirement, contingent on non-compete and non-disparagement covenants. He will also receive pro-rata fiscal 2026 bonus, company vehicle transfer, and 18 months of subsidized health benefits. This represents favorable retirement terms recognizing his long tenure.
Event · Item 9.01 — Financial Statements and Exhibits
Plexus disclosed a retirement and transition agreement with Patrick J. Jermain and issued financial and executive transition press releases.
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Retirement and Transition Agreement by and between Plexus Corp. and Patrick J. Jermain, dated April 28, 2026.
Plexus entered into a retirement and transition agreement with Patrick J. Jermain on April 28, 2026. The 8-K does not specify Jermain's role, but the agreement suggests a planned executive departure. An executive transition press release was also issued, indicating this is a material leadership change.
Added in current filing · verify on EDGAR →
Financial press release issued by Plexus Corp., dated April 29, 2026
Plexus issued a financial press release on April 29, 2026. The 8-K does not provide details on the content, but financial press releases typically announce earnings results, guidance updates, or other material financial information.
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