Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 901

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 2
Chunk 901
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7 million. The Company expects to make $6.9 million of contributions to its pension plans in fiscal year 2026.
    
   The Company operates defined benefit plans in Germany and Japan which are unfunded.

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   Multi-Employer Pension Plans
    
   We contribute to two multiemployer defined benefit plans under the terms of collective bargaining agreements that cover our union-represented employees. These plans generally provide for retirement, death and/or termination benefits for eligible employees within the applicable collective bargaining units, based on specific eligibility/participation requirements, vesting periods and benefit formulas. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:
    
     ●  Assets contributed to the multiemployer plan by one employer  may be used to provide benefits to employees of other participating employers. 

     ●  If a participating employer stops contributing to the multiemployer plan, the unfunded obligations of the plan  may be borne by the remaining participating employers. 

     ●  If we choose to stop participating in some of our multiemployer plans, we  may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. However, cessation of participation in a multiemployer plan and subsequent payment of any withdrawal liability is subject to the collective bargaining process. 

   The following table outlines the Company’s participation in multiemployer pension plans for the periods ended  June 30, 2025, 2024, and 2023, and sets forth the yearly contributions into each plan. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three-digit plan number. The most recent Pension Protection Act zone status available in 2025 and 2024 relates to the plans’ two most recent fiscal year-ends. The zone status is based on information that we received from the plans’ administrators and is certified by each plan’s actuary. Among other factors, plans certified in the red zone are generally less than 65% funded, plans certified in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans certified in the yellow zone are less than 80% funded, and plans certified in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a financial improvement plan