Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 414

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 3
Chunk 414
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-line basis over the vesting period. Compensation cost for an award with a performance condition is based on the probable outcome of that performance condition. The stated vesting period is considered non-substantive for retirement eligible participants. Accordingly, the Company recognizes any remaining unrecognized compensation expense upon participant reaching retirement eligibility.  

   Stockholders' Equity  
    
      The Company has authorized a single class of equity, common stock, which has a par value of
     $1.50 per share with
     60,000,000 shares authorized,
     27,984,278 shares issued, and
     11,992,116 and
     11,761,700 shares issued and outstanding as of
      June 30, 2025 and
     2024, respectively.  Common stockholders are entitled to vote in corporate governance matters, as well as participate in dividends, if declared by our board of directors.  From time to time, the Company
      may repurchase shares of common stock, which are held in treasury stock and reserved for future issuance.  As of
      June 30, 2025 and
     2024, there were
     15,992,162 and
     16,222,578 shares of treasury stock, respectively.  The Company uses shares acquired through treasury stock repurchases for the issuance of shares of common stock for the settlement of awards under its stock-based compensation plans, with the net effect of these transactions accounting for the change in common stock outstanding in each of the years ended
      June 30, 2024 and
     2023.  During the year ended
      June 30, 2025, the Company acquired
     31,308 shares of treasury stock and issued
     152,299 and
     109,425 shares of Standex common stock in connection with a business acquisition (refer to Note
     2) and for settlement of stock based compensation awards (refer to Note
     13), respectively.

   Foreign Currency Translation   The functional currency of our non-U.S. operations is the local currency. Assets and liabilities of non-U.S. operations are translated into U.S. Dollars on a monthly basis using period-end exchange rates. Revenues and expenses of these operations are translated using monthly average exchange rates. The resulting translation adjustment is reported as a component of comprehensive income (loss) in the consolidated statements of stockholders’ equity and comprehensive income. Gains and losses from foreign