{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-012474","form_type":"8-K","ticker":"LYTS","cik":"0000763532","company_name":"LSI INDUSTRIES INC","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.920714+00:00","generated_at":"2026-06-03T17:32:49.387220+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LSI acquires EMI Industries for $50M all-cash; expands store fixtures and food service","bullets":["EMI reported 2023 revenue of $87.0M and adjusted EBITDA of $5.5M; purchase price $50M.","Transaction immediately accretive to LSI adjusted EPS; funded from cash and existing credit facility.","Pro-forma net debt to trailing 12-month adjusted EBITDA expected ~1.3x; LSI plans to reduce leverage in 24 months.","EMI brings 300+ employees, five U.S. facilities; leadership team retained; EMI to remain independent brand.","Deal aligns with LSI's Fast Forward strategy targeting >60% sales growth by FY2028 with ~half from acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-012474","json":"https://secwatch.observer/filing/0001437749-24-012474.json","markdown":"https://secwatch.observer/filing/0001437749-24-012474.md","text":"https://secwatch.observer/filing/0001437749-24-012474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763532/000143774924012474/0001437749-24-012474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763532/000143774924012474/lyts20240418_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T17:32:49.387220+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d8322b7a0a026a27f0dcea31233e9885e154be11","claim":"LSI INDUSTRIES INC completed an acquisition involving EMI Industries, LLC (Seller) for $50 million (closed 2024-04-18).","evidence_excerpt":"Purchase Agreement (the “ Purchase Agreement ”) pursuant to which Seller agreed to sell substantially all of its assets to Purchaser for an aggregate cash purchase price of $50 million, subject to a working capital adjustment. Florida-based EMI is a metal and millwork manufacturer of standard and customized fixtures, displays and equipment for the convenience","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/763532/000143774924012474/0001437749-24-012474-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"EMI Industries, LLC (Seller)"},{"label":"Consideration","value":"$50 million"},{"label":"Closing","value":"2024-04-18"}],"fact_type":"ma_transaction"},{"claim_id":"9879cb696aec730661beffcf0ed3f3c812c0e8bc","claim":"LSI INDUSTRIES INC entered into Asset Purchase Agreement with EMI Industries, LLC valued at $50 million (effective 2024-04-18).","evidence_excerpt":"On April 18, 2024, EMI Acquisition Company Inc., an Ohio corporation (“ Purchaser ”), and wholly owned subsidiary of LSI Industries Inc., an Ohio corporation (“ LSI ” or the “ Company ”), EMI Industries, LLC, a Florida limited liability company (“ EMI ” or “ Seller ”), LSI (with respect to Section 7.11’s Parent guaranty provisions) and certain members of Seller made parties thereto (the “ Majority Members ”) entered into an Asset Purchase Agreement (the “ Purchase Agreement ”) pursuant to which Seller agreed to sell substantially all of its assets to Purchaser for an aggregate cash purchase price of $50 million, subject to a working capital adjustment.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763532/000143774924012474/0001437749-24-012474-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"EMI Industries, LLC"},{"label":"Value","value":"$50 million"},{"label":"Effective","value":"2024-04-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}