Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 104

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 1
Chunk 104
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  Total  
 Restructuring liabilities at June 30, 2023  $1,104  $192  $1,296 
 Additions and adjustments   4,668   3,538   8,206 
 Payments   (4,519)  (3,536)  (8,055)
 Restructuring liabilities at June 30, 2024  $1,253  $194  $1,447 

   The Company’s total restructuring expenses by segment are as follows (in thousands):

       Involuntary Employee          
   Severance and          
   Benefit Costs    Other    Total  
 Fiscal Year 2025             
 Electronics  $1,135  $273  $1,408 
 Engraving   3,561   1,762   5,323 
 Corporate and Other   172   -   172 
 Total expense  $4,868  $2,035  $6,903 
             
 Fiscal Year 2024             
 Electronics  $903  $496  $1,399 
 Engineering Technologies   54   -   54 
 Engraving   2,414   3,042   5,456 
 Corporate and Other   1,297   -   1,297 
 Total expense  $4,668  $3,538  $8,206 
             
 Fiscal Year 2023             
 Electronics  $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