Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 246

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 1C
Chunk 246
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itions and adjustments   2,190   870   3,060 
 Payments   (2,690)  (1,004)  (3,694)
 Restructuring liabilities at June 30, 2025  $753  $60  $813 

   Activity in the reserves in fiscal year 2024 (in thousands):

       Involuntary Employee          
   Severance and          
   Benefit Costs    Other    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