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Standex International (SXI) 10-K/A adds compensation clawback policy exhibit

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(Low)
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(Neutral)
Form Type
10-K/A

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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FY 2025 --06-30 true 0000310354 00003103542023-07-012024-06-30 thunderdome:item xbrli:shares 00003103542024-06-30 iso4217:USD
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Amendment No 1)

 

FORM 10-K/A

 

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2024 Commission File Number 001-07233

 

STANDEX INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its Charter)

 

Delaware

31-0596149

(State of incorporation)

(I.R.S. Employer Identification No.)

   

23 KEEWAYDIN DRIVE, Salem, New Hampshire

03079

(Address of principal executive offices)

(Zip Code)

 

(603) 893-9701

(Registrants telephone number, including area code)

 

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE

SECURITIES EXCHANGE ACT OF 1934:

 

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, Par Value $1.50 Per Share

SXI

New York Stock Exchange

 

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes ☒  No

 

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ☐  No

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes ☒  No

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes ☒  No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer  ☒ Accelerated filer  ☐ Non-accelerated filer  ☐ Smaller Reporting Company  
      Emerging growth company  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 USC. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. YES   NO

 

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.

 

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). ☐

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  YES   NO

 

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant at the close of business on December 31, 2023 was approximately $1,855,686,511. Registrant’s closing price as reported on the New York Stock Exchange for December 31, 2023 was $158.38 per share.

 

The number of shares of Registrant's Common Stock outstanding on July 31, 2024 was 11,854,539.

 

DOCUMENTS INCORPORATED BY REFERENCE

 

 

 

STANDEX INTERNATIONAL CORPORATION

2024 ANNUAL REPORT ON FORM 10-K/A

 

EXPLANATORY NOTE

 

Standex International Corporation (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (this “Form 10-K/A”), which amends and supplements our Annual Report on Form 10-K (“the Original Filing”) for the fiscal year ended June 30, 2024, which was filed with the Securities and Exchange Commission (the “SEC”) on August 2, 2024. The Company is filing this Form 10-K/A solely for the purpose of amending the Exhibit List to include the SEC mandated Compensation Clawback Policy which was inadvertently excluded in the previously filed 10-K Report. The Compensation Clawback Policy was originally adopted on August 15, 2023 and has been publicly available under the “Investors” section of the Company’s website. Accordingly, we are filing this Amendment No. 1 to the Form 10-K to include said Exhibit.

 

This Amendment No. 1 does not update or amend any other items in the Original Filing in any way other than as described in the preceding paragraph, and the Original Filing, as amended by this Amendment No. 1, continues to be applicable as of the date of the Original Filing. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing and the Company’s other filings with the Securities and Exchange Commission.

 

 

 

PART IV

 

ITEM 15.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 

The following exhibits are filed as part of this Amendment No. 1 to the Company's Annual Report on Form 10-K.

 

 

 

INDEX TO EXHIBITS

 

    Incorporated  
Exhibit   by Reference Filed
Number Exhibit Description Form Date Herewith
         
31.1 Certification of the Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.     X
31.2 Certification of the Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.     X
97. Compensation Clawback Policy     X
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)      

 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Standex International Corporation has duly caused this Amendment No. 1 to the Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized, on December 23, 2025.

 

  STANDEX INTERNATIONAL CORPORATION  
  (Registrant)  
     
     
  /s/ ADEMIR SARCEVIC  
  Ademir Sarcevic  
  Vice President/Chief Financial Officer

 

 

Deloitte & Touche LLP

115 Federal Street, Winthrop Center

Boston, MA 02210-1894 USA

Auditor Firm Id:  34

 

 

END OF FORM 10-K/A

 

 

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.

Standex Intl

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Specialty Industrial Machinery
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