Standex International Changes Fiscal Year End
Ticker: SXI · Form: 8-K · Filed: Oct 28, 2024 · CIK: 310354
Sentiment: neutral
Topics: fiscal-year-change, reporting
TL;DR
Standex is shifting its fiscal year end from June 30 to September 30, starting in FY25.
AI Summary
On October 22, 2024, Standex International Corporation filed an 8-K report detailing a change in its fiscal year end from June 30 to September 30. This change will be effective for the fiscal year ending September 30, 2025. The company also reported on matters submitted to a vote of security holders and filed financial statements and exhibits.
Why It Matters
A change in fiscal year end can impact financial reporting timelines and investor analysis, potentially affecting how the company's performance is evaluated.
Risk Assessment
Risk Level: low — The filing primarily concerns administrative changes to the company's fiscal reporting, with no immediate financial or operational risks indicated.
Key Numbers
- 06-30 — Previous Fiscal Year End (The company is changing from this date.)
- 09-30 — New Fiscal Year End (Effective for the fiscal year ending September 30, 2025.)
Key Players & Entities
- Standex International Corporation (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- September 30, 2025 (date) — Effective date of new fiscal year end
- June 30 (date) — Previous fiscal year end
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose is to report a change in Standex International Corporation's fiscal year end from June 30 to September 30, effective for the fiscal year ending September 30, 2025.
When will the new fiscal year end become effective?
The new fiscal year end of September 30 will be effective for the fiscal year ending September 30, 2025.
What was the previous fiscal year end for Standex International Corporation?
The previous fiscal year end for Standex International Corporation was June 30.
Besides the fiscal year change, what other items are mentioned in the filing?
The filing also mentions the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
In which state is Standex International Corporation incorporated?
Standex International Corporation is incorporated in Delaware.
Filing Stats: 711 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-10-28 16:41:55
Key Financial Figures
- $1.50 — ch registered Common Stock , Par Value $1.50 Per Share SXI New York Stock Exchang
Filing Documents
- sxi20241028_8k.htm (8-K) — 52KB
- ex_738320.htm (EX-3.1) — 103KB
- 0001437749-24-032310.txt ( ) — 312KB
- sxi-20241022.xsd (EX-101.SCH) — 3KB
- sxi-20241022_def.xml (EX-101.DEF) — 12KB
- sxi-20241022_lab.xml (EX-101.LAB) — 15KB
- sxi-20241022_pre.xml (EX-101.PRE) — 12KB
- sxi20241028_8k_htm.xml (XML) — 3KB
03 – Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM 5.03 – Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Effective October 22, 2024, the Shareholders of Standex International Corporation (the "Company") approved an amendment to Article III, Section 1 of the Company's Amended and Restated By-Laws (the "By-Law Amendment"). The By-Law Amendment provides the Board of Directors, in addition to the Shareholders, the authority to set the number of directors within a prescribed range. The Company's Amended and Restated By-Laws, reflecting the By-Law Amendment, is attached as Exhibit 3.1.
07 (a) and Item 5.07 (b) SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
ITEM 5.07 (a) and Item 5.07 (b) SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS The Company held its Annual Meeting of Stockholders on October 22, 2024. The number of common shares represented at the Annual Meeting of Stockholders was 11,226,864. The stockholders voted on the following proposals: Proposal I – To elect three Directors to three-year terms ending on the date of the Annual Meeting of Stockholders in 2027: Nominee For Against Abstain Non-Vote For a three-year term Robin J. Davenport 10,675,855 48,588 2,363 500,059 B. Joanne Edwards 10,160,343 564,078 2,385 500,059 Jeffrey S. Edwards 10,431,970 292,047 2,788 500,059 Proposal II – To approve an Amendment of the Amended & Restated 2018 Omnibus Incentive Plan to add 450,000 additional shares: For 10,310,193 Against 412,677 Abstain 3,936 Non-Vote 500,059 Proposal III – Advisory vote on the Company's executive compensation: For 10,630,335 Against 87,816 Abstain 8,655 Non-Vote 500,059 Proposal IV – To approve an Amendment of the Company's By-Laws to provide the Board of Directors, in addition to the shareholders, with the authority to set the number of directors within a prescribed range: For 10,995,548 Against 225,214 Abstain 6,102 Proposal V – Ratification of appointment of Deloitte & Touche, LLP as Independent Public Accountants of the Company for the fiscal year ending June 30, 2025: For 10,964,181 Against 260,440 Abstain 2,244 SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits – The following exhibit is provided as part of the information furnished under Item 5.03 of this Current Report on Form 8-K. Exhibit No . Description 3.1 Standex International Corporation Amended and Restated By-Laws, effective October 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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 thereunto duly authorized. STANDEX INTERNATIONAL CORPORATION (Registrant) /s/ Ademir Sarcevic Ademir Sarcevic Chief Financial Officer Date: October 28, 2024 Signing on behalf of the registrant and as principal financial officer