STANDEX ANNOUNCES PROMOTION OF ADEMIR SARCEVIC TO EXECUTIVE VICE PRESIDENT, CORPORATE & GROUP PRESIDENT, ELECTRONICS

Rhea-AI Summary

Standex (NYSE:SXI) promoted Ademir Sarcevic to Executive Vice President-Corporate and Group President-Electronics, effective May 12, 2026. He will lead accelerated growth in the Electronics segment and oversee selected corporate projects while continuing as Chief Financial Officer until a successor is appointed, supporting continuity during the transition.

Positive

• Ademir Sarcevic promoted to Executive Vice President-Corporate and Group President-Electronics
• Electronics segment leadership focused on driving accelerated growth
• Sarcevic to oversee selected corporate projects and initiatives
• Continues as CFO until successor is hired, supporting transition continuity
• Track record of strengthening finance organization and capital allocation discipline

Negative

• None.

News Market Reaction – SXI

-1.92%

-1.92% Session close to close

In the May 12 session, SXI declined 1.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SALEM, N.H., May 12, 2026 /PRNewswire/ -- Standex International Corporation (NYSE: SXI), a leading manufacturer of highly engineered components and systems, today announced the promotion of Ademir Sarcevic to the role of Executive Vice President-Corporate and Group President-Electronics.

In his expanded role, Mr. Sarcevic will assume responsibility for driving accelerated growth across the Company's Electronics segment while also overseeing certain corporate projects & initiatives. He will continue to serve as Chief Financial Officer until the Company has completed its search for a successor CFO, ensuring continuity and stability during the transition.

Mr. Sarcevic joined Standex as CFO in 2019 and has played a central role in strengthening the Company's finance organization, driving margin improvements, enhancing capital allocation discipline, and building the Company's investor relations function.

"Ademir is an exceptional leader," said David Dunbar, President and Chief Executive Officer. "Over the past seven years, he has been instrumental in solidifying our finance and investor relations functions and working across our businesses to position the Company for long‑term value creation. I am excited about his ability to bring the same level of rigor, strategic insight, and execution focus to drive accelerated growth and performance across our Electronics platform."

"As we continue to execute our strategy, this evolution in leadership roles reflects our focus on scale, operational maturity, and growth," Mr. Dunbar added. "Ademir's deep understanding of our businesses, knowledge of our people and our culture and his proven leadership make him uniquely suited to take on these expanded responsibilities."

About Standex

Standex International Corporation is a multi-industry manufacturer in four broad business segments: Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China. For additional information, visit the Company's website at http://standex.com/.

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SOURCE Standex International Corporation

FAQ

What new position did Ademir Sarcevic assume at Standex (NYSE:SXI) on May 12, 2026?

Ademir Sarcevic was promoted to Executive Vice President-Corporate and Group President-Electronics. According to Standex, he will drive accelerated growth in the Electronics segment and oversee selected corporate projects and initiatives in this expanded leadership role.

Will Ademir Sarcevic remain CFO of Standex (SXI) after his promotion?

Yes, Sarcevic will continue serving as Chief Financial Officer. According to Standex, he will keep the CFO role until the company completes its search for a successor, providing continuity and stability during the broader leadership transition.

What responsibilities will Ademir Sarcevic have as Group President-Electronics at Standex (SXI)?

Sarcevic will be responsible for driving accelerated growth across the Electronics segment. According to Standex, he will also oversee selected corporate projects and initiatives, applying strategic insight and execution focus to enhance performance on the Electronics platform.

How does Standex (SXI) describe Ademir Sarcevic’s contributions since joining as CFO?

Standex credits Sarcevic with strengthening its finance organization and investor relations. According to Standex, he has driven margin improvements, enhanced capital allocation discipline, and supported long-term value creation efforts across the company’s businesses since becoming CFO in 2019.

What does the leadership change mean for Standex (SXI) Electronics growth strategy?

The leadership change aligns with a focus on scale, operational maturity, and growth. According to Standex, Sarcevic’s expanded role is intended to bring rigor, strategic insight, and execution focus to drive accelerated growth and performance in the Electronics segment.