Hurco Co SEC Filings

HURCO Companies Inc director Cynthia S. Dubin received a grant of 5,432 shares of common stock as compensation. The shares were acquired at no stated purchase price, indicating an award rather than an open-market transaction. Following this grant, she directly holds 25,049 common shares.

HURCO COMPANIES INC filed an initial ownership report (Form 3) for director Lawrence Keyler. The filing does not report any recent share purchases, sales, option exercises, or other transactions. It simply establishes his status as a reporting insider under SEC rules.

Hurco Companies, Inc. reported the results of its Annual Meeting of Shareholders held on March 12, 2026. Shareholders voted on the election of eight directors, an advisory vote on executive compensation, and ratification of the company’s independent public accounting firm.

All eight director nominees, including Michael Doar and Gregory S. Volovic, received more votes "For" than "Withheld," with individual support ranging from 3,403,565 to 3,728,776 votes and 995,520 broker non-votes for each nominee. The advisory vote to approve executive compensation received 3,596,966 votes "For," 141,517 "Against," 123,835 abstentions, and 995,520 broker non-votes. Shareholders also strongly supported the ratification of the public accounting firm, with 4,801,753 votes "For," 41,781 "Against," and 14,305 abstentions, with no broker non-votes reported.

Hurco Companies, Inc. reported lower sales and a smaller loss for the quarter ended January 31, 2026. Sales and service fees were $42.9 million, down 8% from $46.4 million, mainly from weaker demand for Milltronics machines in the Americas and Hurco machines in Europe and Asia.

Orders were $42.0 million, up 5%, helped by stronger demand in the Americas. Gross profit was $7.9 million, or 19% of sales, slightly above 18% a year earlier due to a richer mix of higher-performance machines and better fixed-cost leverage. Selling, general and administrative expenses rose to $11.1 million, or 26% of sales, partly from currency and higher employee benefits.

Hurco posted a net loss of $3.5 million, improving from a $4.3 million loss, while income tax expense declined to $0.5 million. The balance sheet remained strong with $48.0 million in cash, no debt, and working capital of $169.5 million. The company replaced its prior facility with a new $20.0 million secured revolving credit line, but a leverage covenant tied to EBITDA currently prevents borrowing until consolidated EBITDA turns positive over the most recent four fiscal quarters.

Hurco Companies, Inc. reported first-quarter fiscal 2026 results showing a smaller loss on lower sales. Net loss was $3.47 million, or $0.54 per diluted share, improving from a loss of $4.32 million, or $0.67, a year earlier.

Sales and service fees fell 8% to $42.87 million, with declines across the Americas, Europe, and Asia Pacific, partly offset by favorable currency effects. Gross margin improved to 19% from 18% on a better mix of higher-performance Hurco and Takumi machines and better fixed-cost leverage.

New orders rose 5% to $41.98 million, led by an 18% increase in the Americas as customers ordered more Hurco and Takumi machines. Selling, general and administrative expenses increased to $11.11 million, or 26% of sales, driven by currency and higher employee benefits.

Cash and cash equivalents were $48.01 million at January 31, 2026, slightly below $48.71 million at October 31, 2025. Working capital was $169.51 million, compared with $173.06 million, mainly due to higher accounts payable and lower inventories.

HURCO COMPANIES INC director Janaki Sivanesan reported open-market purchases of a total of 1,450 shares of common stock, including 550 shares held directly and additional shares held indirectly for three children. Prices were reported at $16.00 and $16.50 per share. The filing also reports indirect holdings of 700 shares for one child and 34 shares in a spouse’s IRA. A footnote states these transactions followed an instruction given in late June 2025 that was inadvertently not cancelled before execution.

Hurco Companies, Inc. received a Schedule 13G filing showing that investment entities associated with Carl K. Oppenheimer report beneficial ownership of Hurco common stock. The filing states that P. Oppenheimer Investment Partnership, LP and Oppvest, LLC each beneficially own 256,161 shares, or about 3.99% of the common stock. Oppenheimer + Close, LLC reports beneficial ownership of 174,519 shares, or about 2.72% of the class. Taken together, Carl K. Oppenheimer is reported as beneficially owning 430,680 shares, representing approximately 6.71% of Hurco’s common stock as of December 31, 2025, with sole voting and dispositive power over 290,472 of those shares.

Hurco Companies, Inc. calls a 2026 Annual Meeting on March 12, 2026, asking shareholders to elect eight directors, approve an advisory "say on pay" vote for named executive officers, and ratify Deloitte & Touche LLP as independent auditor for the year ending October 31, 2026.

The Board highlights succession planning, including not renominating director Jay C. Longbottom and adding new nominee Lawrence G. Keyler, plus Executive Chairman Michael Doar’s planned transition to non-executive Chairman if re-elected. The Board emphasizes diversity across directors and executive officers and outlines active oversight of risk, ESG, and governance practices.

The filing describes an executive pay program focused on performance, with significant equity-based compensation, clawback and stock ownership policies, and double-trigger change-in-control protection. For fiscal 2025, Hurco reported sales and service fees of $178.6 million, down 4% year over year, and a net loss of $15.1 million, leading to no payouts under the 2025 short-term incentive plan.