Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 675

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 7
Chunk 675
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 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 (“FIP”) for yellow/orange zone plans, or a rehabilitation plan (“RP”) for red zone plans, is either pending or has been implemented. For all plans, the Company’s contributions do not exceed 5% of the total contributions to the plan in the most recent year.

          Pension Protection Act               Expiration 
      Zone Status   Contributions    Date of 
                      Collective 
   EIN/Plan     FIP/RP              Surcharge  Bargaining 
 Pension Fund   Number   2025  2024  Status   2025    2024    2023   Imposed?  Agreement 
 New England Teamsters and Trucking Industry Pension Fund  04-6372430-001  Red  Red  Yes/ Implemented  $1,061  $816  $695  No  Mar-27 
                      
 IAM National Pension Fund, National Pension Plan  51-6031295-002  Red  Red  Yes/Implemented  658  586  569  Yes  Aug-29 
         $1,719  $1