Company: HEI-A
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000046619-25-000082
Chunk: 119

Company: HEICO CORP
Filing Date: 2025-12-22
Form: 10-K
Item: Item 8
Chunk 119
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940 — — 11,940 Total assets$11,940 $378,930 $— $390,870 Liabilities:Contingent consideration $— $— $46,198 $46,198 As of October 31, 2024Quoted Prices in Active Markets for Identical Assets(Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)TotalAssets:Deferred compensation plan:Corporate-owned life insurance$— $313,794 $— $313,794 Money market fund3,365 — — 3,365 Total assets$3,365 $313,794 $— $317,159 Liabilities:Contingent consideration $— $— $30,207 $30,207     The Company maintains the LCP, which is a non-qualified deferred compensation plan.  The assets of the LCP principally represent cash surrender values of life insurance policies, which derive their fair values from investments in mutual funds that are managed by an insurance company, and are classified within Level 2 and valued using a market approach.  Certain other assets of the LCP represent an investment in a money market fund that is classified within Level 1.  The assets of the LCP are held within an irrevocable trust and classified within other assets in the Company’s Consolidated Balance Sheets.

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As part of the agreement to acquire 90% of the membership interests of a subsidiary by the FSG in fiscal 2025, the Company may be obligated to pay contingent consideration of up to $21.1 million in fiscal 2028 based on the earnings of the acquired entity during the three-year period following the acquisition provided the entity meets a certain earnings objective over the same three-year period.  As of October 31, 2025, the estimated fair value of the contingent consideration was $12.6 million.As part of the agreement to acquire 96% of the stock of a subsidiary by the FSG in fiscal 2022, the Company may be obligated to pay contingent consideration of up to $27.4 million in fiscal 2027 based on the earnings of the acquired entity during fiscal years 2025 and 2026.  As of October 31, 2025, the estimated fair value of the contingent consideration was $22.1 million.As part of the agreement to acquire 74