Standex adopts Executive Severance Policy for named officers (excl. CEO) with enhanced CIC benefits

STANDEX INTERNATIONAL CORP/DE/

Policy adopted Oct 25, 2023; covers named executive officers other than CEO, replacing individual employment agreements.
Change in control: lump sum of 2x base salary plus 2x higher of target or most recent bonus; 100% equity vesting.
Termination without cause: one-year continuation pay equal to base salary plus target bonus; COBRA premium reimbursement for 12 months.
Benefits contingent on release of claims and acceptance of non-compete, non-solicitation, and confidentiality covenants.
Any incentive-based benefits subject to clawback under Company's Compensation Clawback Policy; amendment requires 6 months notice.

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