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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Mar. 31, 2023

Mar. 31, 2022

Mar. 31, 2021

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 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 $100 Investment Based on: (4)
Year																						TSR ($)					Peer Group TSR ($)					Net Income ($ Millions)					Adjusted Operating Earnings ($ Thousands) (5)
2025				8,476,396					7,095,324					2,544,738					2,088,454					193.69					272.09					363.7					498,400
2024				7,931,249					9,572,220					1,846,876					2,099,458					197.86					272.86					269.1					325,639
2023				7,888,918					10,402,205					2,124,010					2,609,038					180.41					204.66					175.8					324,241
2022				6,852,166					2,053,729					1,771,200					799,102					153.31					192.74					143.9					318,243
2021				7,019,300					14,975,724					1,817,366					3,475,404					185.06					195.09					143.3					284,126

(1)	David M. Shaffer was our PEO for each year presented. The individuals comprising the non-PEO NEOs for each fiscal year are listed below.



2021		2022		2023		2024		2025
Michael J. Schmidtlein		Michael J. Schmidtlein		Andrea J. Funk		Andrea J. Funk		Andrea J. Funk
Holger P. Aschke		Shawn O’Connell		Shawn O’Connell		Shawn O’Connell		Shawn O’Connell
Shawn O’Connell		Joern Tinnemeyer		Joern Tinnemeyer		Joern Tinnemeyer		Joern Tinnemeyer
Andrew M. Zogby		Andrew M. Zogby		Andrew M. Zogby		Chad C. Uplinger		Chad C. Uplinger
						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 PEO 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 2025 Summary Compensation Table on page 43.


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 ($)					Compensation Actually Paid to David M. Shaffer ($)
2025				8,476,396					(5,700,000	)				4,318,928					7,095,324
2024				7,931,249					(5,300,000	)				6,940,971					9,572,220
2023				7,888,918					(5,225,000	)				7,738,287					10,402,205
2022				6,852,166					(4,665,000	)				(133,437	)				2,053,729
2021				7,019,300					(4,200,000	)				12,156,424					14,975,724


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 ($)					Average Compensation Actually Paid to Non-PEO NEOs ($)
2025				2,544,738					(1,410,000	)				953,716					2,088,454
2024				1,846,876					(895,000	)				1,147,582					2,099,458
2023				2,124,010					(1,031,250	)				1,516,278					2,609,038
2022				1,771,200					(935,496	)				(36,602	)				799,102
2021				1,817,366					(780,000	)				2,438,038					3,475,404

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 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 ($)
2025				5,447,459					(669,080	)				—					(459,451	)				—					—					4,318,928
2024				5,268,509					804,176					—					868,286					—					—					6,940,971
2023				7,136,543					1,157,719					—					(555,975	)				—					—					7,738,287
2022				3,636,620					(3,706,864	)				—					(63,193	)				—					—					(133,437	)
2021				5,664,401					5,448,231					—					1,043,792					—					—					12,156,424


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 ($)
2025				1,319,049					(64,519	)				(47,667	)				(253,147	)				953,716
2024				889,603					131,972					126,007					—					1,147,582
2023				1,408,524					188,747					(80,993	)				—					1,516,278
2022				729,250					(747,578	)				(18,274	)				—					(36,602	)
2021				1,051,948					1,173,514					212,576					—					2,438,038

(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, 2025. The comparison assumes $100 was invested for the period starting March 31, 2020, 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 PEO and

Non-PEO

NEOs in fiscal year 2025. 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 2025 MIP Targets and Payout” on page 36 for a description of the adjustments to operating earnings for fiscal year 2025, please see “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, “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement, and “Fiscal Year 2021 MIP Targets and Payout” on page 30 of our 2021 Proxy Statement for a description of the adjustments to operating earnings for each fiscal year.

Company Selected Measure Name

Adjusted Operating Earnings

Named Executive Officers, Footnote

(1)	David M. Shaffer was our PEO for each year presented. The individuals comprising the non-PEO NEOs for each fiscal year are listed below.



2021		2022		2023		2024		2025
Michael J. Schmidtlein		Michael J. Schmidtlein		Andrea J. Funk		Andrea J. Funk		Andrea J. Funk
Holger P. Aschke		Shawn O’Connell		Shawn O’Connell		Shawn O’Connell		Shawn O’Connell
Shawn O’Connell		Joern Tinnemeyer		Joern Tinnemeyer		Joern Tinnemeyer		Joern Tinnemeyer
Andrew M. Zogby		Andrew M. Zogby		Andrew M. Zogby		Chad C. Uplinger		Chad C. Uplinger
						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, 2025. The comparison assumes $100 was invested for the period starting March 31, 2020, 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.

PEO Total Compensation Amount

$ 8,476,396

$ 7,931,249

$ 7,888,918

$ 6,852,166

$ 7,019,300

PEO Actually Paid Compensation Amount

$ 7,095,324

9,572,220

10,402,205

2,053,729

14,975,724

Adjustment To PEO Compensation, Footnote

(3)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO 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 2025 Summary Compensation Table on page 43.


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 ($)					Compensation Actually Paid to David M. Shaffer ($)
2025				8,476,396					(5,700,000	)				4,318,928					7,095,324
2024				7,931,249					(5,300,000	)				6,940,971					9,572,220
2023				7,888,918					(5,225,000	)				7,738,287					10,402,205
2022				6,852,166					(4,665,000	)				(133,437	)				2,053,729
2021				7,019,300					(4,200,000	)				12,156,424					14,975,724


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 ($)
2025				5,447,459					(669,080	)				—					(459,451	)				—					—					4,318,928
2024				5,268,509					804,176					—					868,286					—					—					6,940,971
2023				7,136,543					1,157,719					—					(555,975	)				—					—					7,738,287
2022				3,636,620					(3,706,864	)				—					(63,193	)				—					—					(133,437	)
2021				5,664,401					5,448,231					—					1,043,792					—					—					12,156,424

Non-PEO NEO Average Total Compensation Amount

$ 2,544,738

1,846,876

2,124,010

1,771,200

1,817,366

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,088,454

2,099,458

2,609,038

799,102

3,475,404

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 ($)					Average Compensation Actually Paid to Non-PEO NEOs ($)
2025				2,544,738					(1,410,000	)				953,716					2,088,454
2024				1,846,876					(895,000	)				1,147,582					2,099,458
2023				2,124,010					(1,031,250	)				1,516,278					2,609,038
2022				1,771,200					(935,496	)				(36,602	)				799,102
2021				1,817,366					(780,000	)				2,438,038					3,475,404


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 ($)
2025				1,319,049					(64,519	)				(47,667	)				(253,147	)				953,716
2024				889,603					131,972					126,007					—					1,147,582
2023				1,408,524					188,747					(80,993	)				—					1,516,278
2022				729,250					(747,578	)				(18,274	)				—					(36,602	)
2021				1,051,948					1,173,514					212,576					—					2,438,038

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between PEO 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 PEO, 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.

Compensation Actually Paid vs. Net Income

Relationship Between PEO and

Non-PEO

NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our

Non-PEO

NEOs, and our Net Income during the five most recently completed fiscal years.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between PEO and

Non-PEO

NEO Compensation Actually Paid and Adjusted Operating Earnings

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our

Non-PEO

NEOs, and our Adjusted Operating Earnings during the five most recently completed fiscal years.

Total Shareholder Return Vs Peer Group

Relationship Between PEO 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 PEO, 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.

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 PEO and

Non-PEO

NEOs for 2025 to Company performance. The measures in this table are not ranked.


Most Important Performance Measures		Adjusted Operating Earnings
		Cumulative TSR
		Primary Operating Capital

Total Shareholder Return Amount

$ 193.69

197.86

180.41

153.31

185.06

Peer Group Total Shareholder Return Amount

272.09

272.86

204.66

192.74

195.09

Net Income (Loss)

$ 363,700,000

$ 269,100,000

$ 175,800,000

$ 143,900,000

$ 143,300,000

Company Selected Measure Amount

498,400,000

325,639,000

324,241,000

318,243,000

284,126,000

David M. Shaffer

Pay vs Performance Disclosure

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 PEO and

Non-PEO

NEOs in fiscal year 2025. 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 2025 MIP Targets and Payout” on page 36 for a description of the adjustments to operating earnings for fiscal year 2025, please see “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, “Fiscal Year 2022 MIP Targets and Payout” on page 33 of our 2022 Proxy Statement, and “Fiscal Year 2021 MIP Targets and Payout” on page 30 of our 2021 Proxy Statement for a description of the adjustments to operating earnings for each fiscal year.

Pay vs Performance Disclosure

Cumulative TSR

Pay vs Performance Disclosure

Primary Operating Capital

PEO | Equity Awards Adjustments

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 4,318,928

$ 6,940,971

$ 7,738,287

$ (133,437)

$ 12,156,424

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,447,459

5,268,509

7,136,543

3,636,620

5,664,401

PEO | 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

(669,080)

804,176

1,157,719

(3,706,864)

5,448,231

PEO | 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

(459,451)

868,286

(555,975)

(63,193)

1,043,792

PEO | Exclusion of Stock Awards and Option Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(5,700,000)

(5,300,000)

(5,225,000)

(4,665,000)

(4,200,000)

Non-PEO NEO | Equity Awards Adjustments

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

953,716

1,147,582

1,516,278

(36,602)

2,438,038

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

1,319,049

889,603

1,408,524

729,250

1,051,948

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

(64,519)

131,972

188,747

(747,578)

1,173,514

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

(47,667)

126,007

(80,993)

(18,274)

212,576

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(253,147)

Non-PEO NEO | Exclusion of Stock Awards and Option Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,410,000)

$ (895,000)

$ (1,031,250)

$ (935,496)

$ (780,000)