Company: SXI
Filing Date: 2025-09-05
Form Type: DEF 14A
Source: 0001437749-25-028442
Chunk: 49

Company: STANDEX INTERNATIONAL CORP/DE/
Filing Date: 2025-09-05
Form: DEF 14A
Chunk 49
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 executive compensation consulting firm. No other compensation consultant was engaged in FY 2025.

Meridian was retained to assist the Compensation Committee in the development of a compensation peer group and to advise the Compensation Committee on our existing executive compensation program. Meridian provided research, data analyses, survey information and design expertise as part of its services. Meridian also notified the Compensation Committee of regulatory developments and market trends relating to executive compensation practices. Meridian did not determine or recommend the exact amount of compensation for any Named Executive Officer. From time to time, Meridian also performs an analysis of independent director compensation.

For FY 2025, Meridian conducted a competitive assessment of our executive compensation program (including design, features and target pay opportunities) against our compensation peer group. Based on Meridian’s assessment, the Compensation Committee determined that our executive compensation program is reasonable and appropriate when compared to our peer group.

The Compensation Committee, in determining whether to continue retaining Meridian for FY 2025, assessed Meridian’s independence under the NYSE’s listing standards. Meridian provided the Compensation Committee with confirmation of its independent status under the NYSE’s standards. As such, the Compensation Committee believes that Meridian is independent and that there is no conflict of interest between Meridian and the Company, the Company executives, the Compensation Committee or its members.

Peer Group

The following selection criteria were used to establish the Company’s FY 2025 compensation peer group:

| ► | The company should be an industrial and technology manufacturing company; |

| ► | The company should have revenues between 1/3 and 3 times the Company’s revenue; |

| ► | The company should have multiple business units; and |

| ► | The company should serve global markets. |

Based on this selection criteria, our FY 2025 peer group consisted of the following 19 companies:

| Albany International Corporation | Enerpac Tool Group Corp.  | NN, Inc.                     |
| Astronics Corporation            | Enpro Industries, Inc.    | Proto Labs, Inc.             |
| Barnes Group, Inc.               | ESCO Technologies, Inc.   | RBC Bearings, Inc.           |
| Chart Industries, Inc.           | Helios Technologies, Inc. | Roger Corporation            |
| Columbus McKinnon Corporation    | Kadant, Inc.              | TriMas Corporation           |
| CTS Corporation                  | L.B. Foster Company       | Vishay Precision Group, Inc. |

The Compensation Committee, with Meridian’s assistance, routinely reviews the selection