Standex International (SXI) 10-K/A adds compensation clawback policy exhibit
Rhea-AI Filing Summary
Standex International Corporation filed an Amendment No. 1 to its annual report to update only the exhibit list. The company explains that the sole purpose of this amendment is to add its SEC-mandated Compensation Clawback Policy, which had been inadvertently omitted from the originally filed Form 10-K for the year ended June 30, 2024. The policy was previously adopted on August 15, 2023 and has been publicly available on the company’s website.
No financial statements, disclosures, or other parts of the original annual report are being revised or updated through this amendment, and all other information in the original filing remains unchanged and applicable as of its original date.
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FAQ
What is Standex International (SXI) changing in this 10-K/A amendment?
The amendment updates only the exhibit list of the annual report to add the company’s Compensation Clawback Policy, which had been omitted from the original Form 10-K.
Does this Standex (SXI) 10-K/A change any financial results or disclosures?
No. The amendment states that it does not update or amend any other items in the original annual report, and that the prior disclosures continue to apply as of the original filing date.
What is the Compensation Clawback Policy mentioned by Standex (SXI)?
It is an SEC-mandated compensation clawback policy adopted on August 15, 2023, providing terms under which incentive-based compensation can be recovered. The policy is now included as Exhibit 97 in the annual report.
Why did Standex International (SXI) file this amendment instead of a new report?
The company explains that it is filing Amendment No. 1 solely to include the missing Compensation Clawback Policy exhibit in the existing annual report, rather than changing the substantive content of the original filing.
Where had Standex (SXI) previously made the clawback policy available?
The company notes that the Compensation Clawback Policy had already been publicly available under the “Investors” section of its website before being added as an exhibit to the annual report.
Who signed Standex International’s (SXI) 10-K/A amendment?
The amendment was signed on behalf of Standex International Corporation by Ademir Sarcevic, Vice President and Chief Financial Officer.
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