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

Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001437749-24-032685
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standex acquires Amran LLC for $180.6M and 90.1% of Narayan Powertech for $254M; enters $250M term loan
--------------------------------------------------------------------------------

- Acquired Amran LLC for $180.6M total: $153.5M cash plus 152,299 shares of Standex common stock valued at $27.1M.
- Acquired 90.1% of Narayan Powertech Private Limited (India) for $254M cash; remaining 9.9% via stock swap pending RBI approval.
- Entered $250M term loan with Citizens Bank to fund acquisitions; matures October 27, 2025, with variable interest.
- Acquired businesses include Amtran Magnetics (India) and Narayan Powertech, expanding international precision engineering footprint.
- Financial statements and pro forma data for acquisitions to be filed within 71 days of this report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774924032685/0001437749-24-032685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774924032685/sxi20241030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032685

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