Company: SXI
Filing Date: 2025-08-04
Form Type: 10-K
Source: 0001437749-25-024450
Chunk: 1207

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-08-04
Form: 10-K
Item: Item 1A
Chunk 1207
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 July 1, 2005, provided employees the option to purchase Standex stock at a discount of 5%. The Plan was modified, effective as of  April 1, 2017, to increase the stock purchase discount to 15% and is considered a compensatory Plan. Under this amendment, at the beginning of each calendar quarter, employees  may elect to purchase shares of Company stock at a value equal to 85% of the closing price on the last trading day of the quarter. The 15% discount is recorded as a component of SG&A in the Company’s Consolidated Statements of Operations. Shares of stock reserved for the plan were 33,841 at  June 30, 2025. Shares purchased under this plan aggregated to 4,393 in fiscal year 2025, 3,778 in 2024, and 6,256 in 2023, at an average price of $143.52, $137.38, and $91.78, respectively.

   14. Accumulated Other Comprehensive Income (LosS)
    
   The components of the Company’s accumulated other comprehensive income (loss) are as follows (in thousands):

       2025    2024    2023  
 Foreign currency translation adjustment  $(74,788) $(91,928) $(74,373)
 Unrealized pension (losses), net of tax   (90,972)  (95,516)  (92,761)
 Unrealized (losses) gains on derivative instruments, net of tax   995   4,488   8,657 
 Total accumulated other comprehensive income  $(164,765) $(182,956) $(158,477)

   15. restructuring
    
   The Company has undertaken a number of initiatives that have resulted in severance, restructuring, and related charges. Restructuring liabilities are included in accrued liabilities on the consolidated balance sheet. A summary of charges by initiative is as follows (in thousands):

       Involuntary Employee          
   Severance and          
 Year Ended June 30,   Benefit Costs    Other    Total  
 2025 Restructuring Initiatives  $2,679  $1,164  $3,843 
 Prior Year Initiatives   2,189   871   3,060 
 Total expense