Company: SXI
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001437749-25-002393
Chunk: 5

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-01-31
Form: 10-Q
Item: Item 3
Chunk 5
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 Company is authorized to repurchase up to an aggregate of $200 million of its shares. Under the program, purchases may be made from time to time on the open market, including through 10b5-1 trading plans, or through privately negotiated transactions, block transactions, or other techniques in accordance with prevailing market conditions and the requirements of the Securities and Exchange Commission. The Board’s authorization is open-ended and does not establish a timeframe for the purchases. The Company is not obligated to acquire a particular number of shares, and the program may be discontinued at any time at the Company’s discretion.

   ITEM 5. Other Information
    
   Except as set forth below, none of our directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during the quarter ended  December 31, 2024.

   NAME AND TITLE OF SELLERDATE OF PLAN ADOPTION CHARACTER OF TRADING AGREEMENT  AGGREGATE NUMBER OF  SHARES OF COMMON STOCK  TO BE PURCHASED OR SOLD DURATIONOTHER MATERIAL TERMSDATE TERMINATED
David A. Dunbar, Chairman, President & CEO (1) November 22, 2024Rule 10b5-1 Trading Plan45,000 to be sold February 27, 2026 (2)Sales are to be made commencing on or after  February 24, 2025 in tranches with specified limit prices.N/A

     (1)  The subject shares are held as follows: (a) 10,000 shares indirectly in a revocable trust for which Mr. Dunbar is a trustee, and (b) 35,000 shares indirectly in an irrevocable trust for which Mr. Dunbar is a trustee. 

     (2)  The plan terminates on the earliest to occur of (i) close of trading on  February 27, 2026, or (ii) the date that the aggregate number of shares sold pursuant to the plan reaches 45,000 shares. The plan also terminates promptly upon the death, dissolution, bankruptcy or insolvency of the Seller. The plan also is subject to suspension and/or termination under certain circumstances in the event of a Qualifying Securities Offering (as defined in the plan). 

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Item 6.