# EDGAR Filing Document

**Accession Number:** 0000076267
**File Stem:** 0001437749-25-030791
**Filing Date:** 2025-10
**Character Count:** 17683
**Document Hash:** 36f2dc5fac06dd7b3f396d900d6486c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-030791.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0001437749-25-030791

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251009

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARK AEROSPACE CORP
- **CENTRAL INDEX KEY:** 0000076267
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 111734643
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0301

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04415
- **FILM NUMBER:** 251385461

**BUSINESS ADDRESS:**
- **STREET 1:** 48 S. SERVICE ROAD
- **STREET 2:** SUITE 300
- **CITY:** MELVILLE
- **STATE:** NY
- **ZIP:** 11747
- **BUSINESS PHONE:** 6314653600

**MAIL ADDRESS:**
- **STREET 1:** 48 SOUTH SERVICE ROAD
- **STREET 2:** SUITE 300
- **CITY:** MELVILLE
- **STATE:** NY
- **ZIP:** 11747

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARK ELECTROCHEMICAL CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? pke20251009_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): <u>October 9, 2025</u>

PARK AEROSPACE CORP.

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| | | |
|:---|:---|:---|
| | (Exact Name of Registrant as<br> Specified in Charter) | |
| New York | 1-4415 | 11-1734643 |
| (State or Other Jurisdiction | (Commission File | (IRS Employer |
| of Incorporation)  | Number) | Identification No.) |
| 1400 Old Country Road, Westbury | New York | 11590 |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code <u>(631) 465-3600</u>

---

| |
|:---|
| Not Applicable |
| Former Name or Former Address, if Changed Since Last Report |

---

Securities registered or to be registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| <u>Title of Each Class</u> | <u>Trading Symbol(s)</u> | <u>Name of Each Exchange on Which Registered</u> |
| Common Stock, par value $.10 per share | PKE | New York Stock Exchange |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has selected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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<u>Item 2.02</u> <u>Results of Operations and Financial Condition.</u>

Park Aerospace Corp. (the "Company") issued a news release on October 9, 2025 reporting the results of operations for its 2026 fiscal year second quarter ended August 31, 2025.

The Company is furnishing the news release to the Securities and Exchange Commission pursuant to Item 2.02 of Form 8-K as Exhibit 99.1 hereto, and it is incorporated herein by reference. The information in this Item 2.02 and the attached Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly stated by specific reference in such filing.

<u>Item 9.01</u> <u>Financial Statements and Exhibits.</u>

(d) <u>Exhibits.</u>

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| | |
|:---|:---|
| 99.1 | [News Release dated October 9, 2025](ex_868203.htm) |

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| | |
|:---|:---|
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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<u>SIGNATURE</u>

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | PARK AEROSPACE CORP. | PARK AEROSPACE CORP. |
| Date: October 9, 2025 | By: | /s/ Christopher Goldner |
|  | Name: | Christopher Goldner |
|  | Title: | Vice President - Finance |

---

## Exhibit 99.1

![parkaerologo.jpg](parkaerologo.jpg)

**<u>Exhibit 99.1</u>**

***NEWS RELEASE***

Contact: Donna D'Amico-Annitto 486 North Oliver Road, Bldg. Z Newton, Kansas 67114 (316) 283-6500

**PARK AEROSPACE CORP. REPORTS SECOND QUARTER RESULTS**

Newton, Kansas, Thursday, October 9, 2025…..Park Aerospace Corp. (NYSE-PKE) reported results for the 2026 fiscal year second quarter ended August 31, 2025. The Company will conduct a conference call to discuss its financial results and other matters at 5:00 p.m. EDT today. A live audio webcast of the event, along with presentation materials, will be available at <u>https://edge.media-server.com/mmc/p/qarc64p9</u> at 5:00 p.m. EDT today. The presentation materials will also be available at approximately 4:15 p.m. EDT today at <u>https://parkaerospace.com/shareholders/investor-conference-calls/</u> and on the Company's website at <u>www.parkaerospace.com</u> under "Investor Conference Calls" on the "Shareholders" page.

Park reported net sales of $16,381,000 for the 2026 fiscal year second quarter ended August 31, 2025 compared to $16,709,000 for the 2025 fiscal year second quarter ended September 1, 2024 and $15,400,000 for the 2026 fiscal year first quarter ended June 1, 2025. Park's net sales for the six months ended August 31, 2025 were $31,781,000 compared to $30,679,000 for the six months ended September 1, 2024. Net earnings for the 2026 fiscal year second quarter were $2,404,000 compared to $2,066,000 for the 2025 fiscal year second quarter and $2,080,000 for the 2026 fiscal year first quarter. Net earnings were $4,484,000 for the current year's first six months compared to $3,059,000 for last year's first six months.

Net earnings before special items for the 2026 fiscal year second quarter were $2,404,000 compared to $2,092,000 for the 2025 fiscal year second quarter and $2,080,000 for the 2026 fiscal year first quarter. Net earnings before special items for the six months ended August 31, 2025 were $4,484,000 compared to $3,873,000 for last fiscal year's first six months.

Adjusted EBITDA for the 2026 fiscal year second quarter was $3,401,000 compared to $3,206,000 for the 2025 fiscal year second quarter and $2,963,000 for the 2026 fiscal year first quarter. Adjusted EBITDA for the current fiscal year's first six months was $6,364,000 compared to $5,816,000 for last fiscal year's first six months.

During the 2026 fiscal year second quarter and first six months, the Company did not report any special items. During the 2025 fiscal year second quarter and first six months, respectively, the Company recorded $46,000 and $1,098,000 of pre-tax charges related to storm damage to the Company's facilities in Newton, Kansas. 

Park reported basic and diluted earnings per share of $0.12 for the 2026 fiscal year second quarter compared to $0.10 for the 2025 fiscal year second quarter and $0.10 for the 2026 fiscal year first quarter. Basic and diluted earnings per share before special items were $0.12 for the 2026 fiscal year second quarter compared to $0.10 for the 2025 fiscal year second quarter and $0.10 for the 2026 fiscal year first quarter.

Park reported basic and diluted earnings per share of $0.23 and $0.22, respectively, for the 2026 fiscal year's first six months compared to $0.15 and $0.15, respectively, for the 2025 fiscal year's first six months. Basic and diluted earnings per share before special items were $0.23 and $0.22, respectively, for the 2026 fiscal year's first six months compared to $0.19 and $0.19, respectively, for the 2025 fiscal year's first six months.

The Company will conduct a conference call to discuss its financial results at 5:00 p.m. EDT today. Forward-looking and other material information may be discussed in this conference call. The conference call dial-in number is (877) 407-3982 in the United States and Canada, and (201) 493-6780 in other countries. The required passcode for attendance by phone is 13756197.

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For those unable to listen to the call live, a conference call replay will be available from approximately 8:00 p.m. EDT today through 11:59 p.m. EDT on Thursday, October 16, 2025. The conference call replay will be available at <u>https://edge.media-server.com/mmc/p/qarc64p9</u> and on the Company's website at <u>www.parkaerospace.com</u> under "Investor Conference Calls" on the "Shareholders" page. It can also be accessed by dialing (844) 512-2921 in the United States and Canada, and (412) 317-6671 in other countries. The required passcode for accessing the replay by phone is 13756197.

Any additional material financial or statistical data disclosed in the conference call, including the investor presentation, will also be available at the time of the conference call on the Company's website at <u>https://parkaerospace.com/shareholders/investor-conference-calls/</u>.

Park believes that an evaluation of its ongoing operations would be difficult if the disclosure of its operating results were limited to accounting principles generally accepted in the United States of America ("GAAP") financial measures, which include a special item, a charge related to storm damage. Accordingly, in addition to disclosing its operating results determined in accordance with GAAP, Park discloses non-GAAP measures, including Adjusted EBITDA, and operating results that exclude special items in order to assist its shareholders and other readers in assessing the Company's operating performance, since the Company's on-going, normal business operations do not include such special items. The detailed operating information presented below includes a reconciliation of the non-GAAP operating results before special items to earnings determined in accordance with GAAP and a reconciliation of GAAP pre-tax earnings to Adjusted EBITDA. Such non-GAAP financial measures are provided to supplement the results provided in accordance with GAAP.

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park's advanced composite materials include film adhesives (Aeroadhere®) and lightning strike protection materials (Electroglide®). Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park's advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as "drones"), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park's advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park's composite parts and structures (which include Park's proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park's objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

Additional corporate information is available on the Company's website at <u>**www.parkaerospace.com**</u>

------

**Performance table, including non-GAAP information** (in thousands, except per share amounts –unaudited):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 13 Weeks Ended | 13 Weeks Ended | 13 Weeks Ended | 26 Weeks Ended | 26 Weeks Ended |
|  | August 31,<br> 2025 | September 1,<br> 2024 | June 1,<br> 2025 | August 31,<br> 2025 | September 1,<br> 2024 |
| Sales | $16381 | $16709 | $15400 | $31781 | $30679 |
| Net Earnings before Special Items<sup>1</sup> | $2404 | $2092 | $2080 | $4484 | $3873 |
| Special Item, Net of Tax: |  |  |  |  |  |
| Storm Damage Charge |  | (46) |  |  | (1098) |
| Income Tax Effect on Pretax Special Items |  | 20 |  |  | 284 |
| Net Earnings | $2404 | $2066 | $2080 | $4484 | $3059 |
| Basic Earnings per Share: |  |  |  |  |  |
| Basic Earnings before Special Items<sup>1</sup> | $0.12 | $0.10 | $0.10 | $0.23 | $0.19 |
| Special Item: |  |  |  |  |  |
| Storm Damage Charge |  |  |  |  | (0.05) |
| Income Tax Effect on Pretax Special Items |  |  |  |  | 0.01 |
| Basic Earnings per Share | $0.12 | $0.10 | $0.10 | $0.23 | $0.15 |
| Diluted Earnings before Special Items<sup>1</sup> | $0.12 | $0.10 | $0.10 | $0.22 | $0.19 |
| Special Item: |  |  |  |  |  |
| Storm Damage Charge |  |  |  |  | (0.05) |
| Income Tax Effect on Pretax Special Items |  |  |  |  | 0.01 |
| Diluted Earnings per Share | $0.12 | $0.10 | $0.10 | $0.22 | $0.15 |
| Weighted Average Shares Outstanding: |  |  |  |  |  |
| Basic | 19875 | 20216 | 19919 | 19897 | 20234 |
| Diluted | 19986 | 20291 | 19968 | 19977 | 20331 |

---

*<sup>1</sup> Refer to "Reconciliation of non-GAAP financial measures" below for information regarding Special Items.*<br>

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**Condensed comparative balance sheets** (in thousands)**:** 

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| | | |
|:---|:---|:---|
|  | August 31,<br> 2025 | March 2,<br> 2025 |
|  | (unaudited) |  |
| <u>**Assets**</u> |  |  |
| Current Assets |  |  |
| Cash and Marketable Securities | $61553 | $68834 |
| Accounts Receivable, Net | 12640 | 12903 |
| Inventories | 8101 | 7213 |
| Prepaid Expenses and Other Current Assets | 1012 | 1344 |
| Total Current Assets | 83306 | 90294 |
| Fixed Assets, Net | 21403 | 21650 |
| Operating Right-of-use Assets | 282 | 308 |
| Other Assets | 11457 | 9856 |
| Total Assets | $116448 | $122108 |
| <u>Liabilities and Shareholders' Equity</u> |  |  |
| Current Liabilities |  |  |
| Accounts Payable | $3324 | $2513 |
| Accrued Liabilities | 1250 | 1318 |
| Operating Lease Liability | 42 | 40 |
| Income Taxes Payable | 125 | 5390 |
| Total Current Liabilities | 4741 | 9261 |
| Long-term Operating Lease Liability | 296 | 318 |
| Deferred Income Taxes | 5541 | 5304 |
| Other Liabilities | 75 | 71 |
| Total Liabilities | 10653 | 14954 |
| Shareholders' Equity | 105795 | 107154 |
| Total Liabilities and Shareholders' Equity | $116448 | $122108 |
| *<u>Additional information</u>* | | |
| *Equity per Share* | $*5.31* | $*5.36* |

---

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**Condensed comparative statements of operations** (in thousands – unaudited):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 13 Weeks<br> Ended | 13 Weeks<br> Ended | 13 Weeks<br> Ended | 26 Weeks<br> Ended | 26 Weeks<br> Ended |
|  | August 31,<br> 2025 | September 1,<br> 2024 | June 1,<br> 2025 | August 31,<br> 2025 | September 1,<br> 2024 |
| Net Sales | $16381 | $16709 | $15400 | $31781 | $30679 |
| Cost of Sales | 11265 | 11952 | 10682 | 21947 | 21823 |
| Gross Profit | 5116 | 4757 | 4718 | 9834 | 8856 |
| % of net sales | 31.2% | 28.5% | 30.6% | 30.9% | 28.9% |
| Selling, General & Administrative Expenses | 2271 | 2140 | 2299 | 4570 | 4157 |
| % of net sales | 13.9% | 12.8% | 14.9% | 14.4% | 13.5% |
| Earnings from Operations | 2845 | 2617 | 2419 | 5264 | 4699 |
| Storm Damage Charge |  | (46) |  |  | (1098) |
| Interest and Other Income: | 390 | 245 | 355 | 745 | 584 |
| Earnings from Operations before Income Taxes | 3235 | 2816 | 2774 | 6009 | 4185 |
| Income Tax Provision | 831 | 750 | 694 | 1525 | 1126 |
| Net Earnings | $2404 | $2066 | $2080 | $4484 | $3059 |
| % of net sales | 14.7% | 12.4% | 13.5% | 14.1% | 10.0% |

---

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**Reconciliation of non-GAAP financial measures** (in thousands – unaudited):

**Reconciliation of GAAP Net Earnings to Adjusted EBITDA** <br>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | 13 Weeks<br> Ended | 13 Weeks<br> Ended | 13 Weeks<br> Ended | 26 Weeks<br> Ended | 26 Weeks<br> Ended |
|  | August 31,<br> 2025 | September 1,<br> 2024 | June 1,<br> 2025 | August 31,<br> 2025 | September 1,<br> 2024 |
| GAAP Net Earnings | $2404 | $2066 | $2080 | $4484 | $3059 |
| Adjustments: |  |  |  |  |  |
| Income Tax Provision | 831 | 750 | 694 | 1525 | 1126 |
| Interest and Other Income | (390) | (245) | (355) | (745) | (584) |
| Depreciation | 455 | 488 | 456 | 911 | 927 |
| Stock Option Expense | 101 | 101 | 88 | 189 | 190 |
| Special Item: |  |  |  |  |  |
| Storm Damage Charge |  | 46 |  |  | 1098 |
| Adjusted EBITDA | $3401 | $3206 | $2963 | $6364 | $5816 |

---