Dean A. Foate is the former CEO of Plexus Corp, a company he led from 2002 until his retirement in 2016. Under his guidance, the company focused on engineering and high-tech manufacturing solutions, making a strong impact in the industry. He holds both a Bachelor’s and Master’s degree in electrical engineering from the University of Wisconsin-Madison, and an MBA from the University of Wisconsin-Oshkosh. Foate's leadership was marked by performance-based compensation and a commitment to aligning executive interests with shareholder value. Interestingly, he served as Chairman of the Board after stepping down as CEO, showcasing his lasting influence on the company. His professional journey with Plexus began in 1984, accumulating a wealth of experience in various executive roles, including Chief Operating Officer. He remains a significant figure in the board of Regal Beloit Corporation, another manufacturing company, indicating his ongoing engagement in the business sector despite retirement.

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Dean A. Foate

Ex-CEO of Plexus

Education

Bachelor's and Master's degrees in electrical engineering from the University of Wisconsin-Madison; MBA from the University of Wisconsin-Oshkosh

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

April 20, 1965 - 60 years ago

CEO of Plexus for

9 years 11 months (Oct 2006 - Oct 2016)

Previous Experience

Executive Vice President and Chief Operating Officer at Plexus Corp.

Rivals

Competitors/colleagues of Dean A. Foate

Robert K. Eulau

CEO of Sanmina Corp

2017 Compensation

Stock

$0.00

Salary

$586.73K

Bonus

$0.00

Other

$243.98K

Total Holdings

$35.44M

Richard Adam Norwitt

CEO of Amphenol

2023 Compensation

Stock

$9.10M

Salary

$1.46M

Bonus

$0.00

Other

$382.12K

Total Holdings

$117.28M

Jayshree Ullal

CEO of Arista Networks

2023 Compensation

Stock

$15.05M

Salary

$300.00K

Bonus

$200.00K

Other

$10.40K

Total Holdings

$3.15B

Stephen D. Kelley

CEO of Advanced Energy Industries

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$877.50K

Other

$0.00

Total Holdings

$12.93M

Mark T. Mondello

CEO of Jabil

2023 Compensation

Stock

$0.00

Salary

$1.26M

Bonus

$3.68M

Other

$355.11K

Total Holdings

$245.36M

Holdings

See how much did Dean A. Foate make over time.

Dean A. Foate has been a notable shareholder in Plexus Corp during his time as CEO. His wealth fluctuated significantly as he held a considerable amount of stock in the company, peaking during his tenure. At one point, he owned 375,221 shares, which represented 1.2% of the company. His stock ownership showed his confidence in the company's future and aligned his interests with shareholders. The value of his stock holdings saw various peaks and troughs reflecting the company's performance. After retiring in 2016, Foate's stake in the company was diminished, but he maintained a presence in Plexus by taking on the role of Executive Chairman, further showing his ongoing commitment. The stock grants Foate received over the years also contributed to building his wealth, but his focus remained on enhancing shareholder value through sustainable growth.

Total Stock Sold

$79.52M

PLXS

$78.21M

1,494,478 PLXS shares

RBC

$1.31M

12,500 RBC shares

What if they kept their stock?

If Dean A. Foate didn't sell their stock, today they would have:
Extra PLXS1,494,478 shares worth $104.70M and RBC12,500 shares worth $1.12M.
This is 33.07% and $26.30M more than what they got when they sold the stock.

Charitable Transactions

PLXS

4,538 shares

PLXS

Recent Charitable Transactions

PLXS

2,538 shares

PLXS

Oct 3, 2020

Charity

PLXS

8,225 shares

PLXS

Jan 22, 2018

Charity

PLXS

2,000 shares

PLXS

Jan 24, 2017

Charity

Insider Trading

See recent insider trades of Dean A. Foate.

PLXS

$1.63M

PLXS at $163.44/share

Nov 25, 2024

Sale

PLXS

$417.76K

PLXS at $167.11/share

Nov 8, 2024

Sale

RBC

970 shares

RBC

May 6, 2021

Received

PLXS

$437.84K

PLXS at $86.58/share

Mar 1, 2021

Sale

PLXS

$1.34M

PLXS at $84.00/share

Jan 5, 2021

Sale

PLXS

$326.00K

PLXS at $81.50/share

Dec 18, 2020

Sale

PLXS

$581.34K

PLXS at $77.51/share

Nov 24, 2020

Sale

RBC

$591.70K

RBC at $118.34/share

Nov 16, 2020

Sale

PLXS

$1.59M

PLXS at $79.75/share

Aug 7, 2020

Sale

RBC

$723.84K

RBC at $96.51/share

Aug 6, 2020

Sale

Compensation History

See how much did Dean A. Foate make over time.

In 2016, Dean A. Foate's total compensation at Plexus Corp was approximately $5.17 million, combining his base salary, stock options, and other benefits. His salary that year was around $925,000, alongside significant stock bonuses which contributed heavily to his total earnings. The compensation package included stock awards worth about $1.73 million, highlighting the importance of stock value in his overall pay structure. Foate's compensation philosophy emphasized performance, tying his incentives directly to the company's revenue growth and return on capital employed. This structure was intended to align his interests with those of Plexus shareholders, ensuring that both the executive and the investors benefited from improving company performance. Over the years, Foate's compensation reflected both his pivotal role in the company and the performance metrics set by the board, showcasing a balance between rewarding leadership and enhancing shareholder value.

Year

2016

Total Compensation

$2.88M

Salary

$924.94K

Board Justification

The compensation philosophy emphasizes performance-based compensation to align executive interests with shareholder value.

Bonus

$0.00

Board Justification

Discretionary bonus payments apart from the Variable Incentive Compensation Plan (VICP) are not included in the bonus column.

Other

$223.26K

Board Justification

Includes Company contributions to the 401(k) Plan and the SERP, reimbursement under the executive flexible perquisite benefit, company car benefit, and additional life and disability insurance coverage.

Restricted Stock

$1.73M(50K RSUs)

Board Justification

RSUs vested in 2016, based on continued service through the vesting date.

Performance Metrics

The performance metrics include revenue and return on capital employed (ROCE) for the Variable Incentive Compensation Plan.

Other Plexus CEOs

Here are other CEOs of Plexus

Todd P. Kelsey

CEO of Plexus

October 2016 - Present