Standex (SXI) elevates CFO Ademir Sarcevic, adds $750K RSU incentive
Rhea-AI Filing Summary
Standex International Corporation announced that Ademir Sarcevic, currently Vice President, Chief Financial Officer & Treasurer, has been promoted to Executive Vice President – Corporate and Group President – Electronics. He will retain his Chief Financial Officer role until a successor is found to support a smooth transition.
In his expanded role, Sarcevic will lead growth initiatives across the Electronics segment and oversee selected corporate projects and initiatives. To recognize this promotion, Standex approved a special incentive award of $750,000 in restricted stock units, scheduled to be granted on July 1, 2026 under the company’s equity incentive plan.
One-third of these restricted stock units will vest on the second anniversary of the grant date and the remaining two-thirds on the third anniversary, contingent on Sarcevic’s continued service with the company. Standex highlights his contributions since joining as CFO in 2019, including strengthening the finance organization, improving margins, and enhancing capital allocation and investor relations.
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Insights
Standex realigns leadership, adds $750K time-vested equity incentive.
Standex expands Ademir Sarcevic’s responsibilities by making him Executive Vice President – Corporate and Group President – Electronics while he continues as Chief Financial Officer until a successor is identified. This keeps financial leadership stable while shifting more focus onto the Electronics segment.
The special award of $750,000 in restricted stock units, granted under the equity incentive plan, vests over two and three years based on continued service. Time-based RSUs encourage retention and align executive interests with shareholders without immediate cash outlay. Actual impact will depend on his execution across the Electronics platform.
The vesting through anniversaries of the July 1, 2026 grant date creates a multi‑year commitment window. Future disclosures may outline the company’s progress in Electronics and any changes to the CFO role once a successor is appointed, which together will shape how this leadership evolution is viewed.
8-K Event Classification
Key Figures
Key Terms
restricted stock units financial
equity incentive plan financial
Executive Vice President – Corporate and Group President – Electronics financial
capital allocation discipline financial
investor relations function financial
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Exhibit No.
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Description
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99
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Press Release of Standex International Corporation dated May 12, 2026, announcing the promotion of Ademir Sarcevic to Executive Vice President – Corporate and Group President – Electronics.
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Exhibit 99
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News Release |
STANDEX INTERNATIONAL CORPORATION ■ SALEM, NH 03079 ■ TEL (603) 893-9701 ■ WEB www.standex.com
STANDEX ANNOUNCES PROMOTION OF ADEMIR SARCEVIC TO EXECUTIVE VICE PRESIDENT, CORPORATE & GROUP PRESIDENT, ELECTRONICS
SALEM, NH – May 12, 2026 – 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 and 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/.
Contact:
Christopher Howe
Director of IR
(773) 754-5394
e-mail: InvestorRelations@Standex.com