Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 1214

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 1A
Chunk 1214
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-party investment consultant tracks the plan’s portfolio relative to the benchmarks and provides quarterly investment reviews which consist of a performance and risk assessment on all investment managers and on the portfolio.
    
   Certain managers within the plan use, or have authorization to use, derivative financial instruments for hedging purposes, the creation of market exposures and management of country and asset allocation exposure. Currency speculation derivatives are strictly prohibited.

     Year Ended June 30  2025  2024  2023  
 Plan assumptions - obligations        
 Discount rate 2.40% - 5.6%1.85% - 5.60%1.48% - 5.60% 
 Rate of compensation increase 3.25%3.30%3.30% 
        
 Plan assumption - cost        
 Discount rate 1.85% - 5.60%1.48% - 5.6%1.37% - 5.6% 
 Expected return on assets 5.40% - 6.35%4.55% - 6.50%2.80% - 6.65% 
 Rate of compensation increase 3.25%3.30%3.30% 

   Included in the above are the following assumptions relating to the obligations for defined benefit pension plans in the United States at  June 30, 2025; a discount rate of 5.60% and expected return on assets of 6.35%. The U.S. defined benefit pension plans represent the majority of our pension obligations. The expected return on plan assets assumption is based on our expectation of the long-term average rate of return on assets in the pension funds and is reflective of the current and projected asset mix of the funds. The discount rate reflects the current rate at which pension liabilities could be effectively settled at the end of the year. The discount rate is determined by matching our expected benefit payments from a stream of AA- or higher bonds available in the marketplace, adjusted to eliminate the effects of call provisions.
    
   Expected benefit payments for all plans during the next five fiscal years are as follows: 2026, $17.5 million; 2027, $17.6 million; 2028, $17.4 million; 2029, $17.0 million; 2030, $16.6 million and years thereafter, $77.7 million. The Company expects to make $6.9 million