secwatch.observer — SEC 8-K summary
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Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K/A
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001437749-25-000976
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standex files audited financials for acquired Amran/Narayan; revenue $82.8M, net income $29.2M
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- Standex acquired Amran/Narayan Group on Oct 28, 2024; now files audited FY2023 combined financials.
- Amran/Narayan FY2023 revenue $82.8M, net income $29.2M; total assets $63.5M with $23.4M cash.
- Former Narayan DGM embezzled ~$10M from 2018-2023; $9.2M adjusted to retained earnings, $0.8M in 2023 SG&A.
- Unaudited pro forma financials for Standex FY2024 giving effect to the acquisition are provided as Exhibit 99.3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774925000976/0001437749-25-000976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774925000976/sxi20250107_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-000976

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