secwatch.observer — SEC 8-K summary
======================================

Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001437749-23-029578
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774923029578/0001437749-23-029578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774923029578/sxi20231031_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029578

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer