Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 979

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7A
Chunk 979
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 $222  $826  $1,048 
 Scientific   58   -   58 
 Engraving   836   188   1,024 
 Specialty Solutions   -   -   - 
 Corporate and Other   1,701   -   1,701 
 Total expense  $2,817  $1,014  $3,831 

       52

   16. Employee Benefit Plans
    
   Retirement Plans
    
   The Company has defined benefit pension plans covering certain current and former employees both inside and outside of the U.S. The Company’s pension plan for U.S. employees is frozen for substantially all employees and participants in the plan have ceased accruing future benefits. Obligations under the Company's defined benefit plan operated in Ireland have been transferred to the buyer of the Procon business as part of the divestiture in fiscal year 2023. Obligations under the unfunded defined benefit plan operated by the Sanyu business in Japan were transferred to the Company as of the date of acquisition in the third quarter of fiscal year 2024.
    
   Net periodic benefit cost for U.S. and non-U.S. plans included the following components (in thousands):

       U.S. Plans    Foreign Plans  
   Year Ended June 30,    Year Ended June 30,  
   2025    2024    2023    2025    2024    2023  
 Service Cost  $-  $-  $-  $250  $196  $176 
 Interest Cost   9,544   9,891   9,586   1,217   1,190   1,039 
 Expected return on plan assets   (10,564)  (11,113)  (11,973)  (1,383)  (1,404)  (943)
 Recognized net actuarial loss   4,221   3,802   3,814   -   (607)  (57)
 Amortization of prior service cost (benefit)   -   -   -   (3)  (3)  (4)
 Net periodic benefit cost (