What the changes say
- Middle East conflict is newly highlighted as a threat to shipping routes, energy costs, production, and deliveries.
- Tariff exposure now covers sourcing and facilities in both China and India, including potential impairment of investments.
- The company may be unable to pass higher freight, insurance, energy, and import costs to customers.
What changed since the prior 10-K
New
- New
Ongoing hostilities in the Middle East could disrupt international shipping and adversely affect global energy prices, which could harm our business
Escalating Middle East conflict could disrupt the Strait of Hormuz and Suez Canal, raising freight, insurance, energy, and input costs and delaying deliveries.
Reworded
- 22% rewritten
Current and threatened tariffs on components and finished goods from China, India and other countries could result in lower net sales, profits and cash flows and could impair the value of our investments in our Chinese operations
The risk now includes manufacturing facilities, imports, tariffs, and potentially impaired investments in India alongside China.
Was: Current and threatened tariffs on components and finished goods from China and other countries could result in lower net sales, profits and cash flows and could impair the value of our investments in our Chinese operations
All 29 risk factors
Headings as the filing states them, in filing order.
Other
- 01Ongoing hostilities in the Middle East could disrupt international shipping and adversely affect global energy prices, which could harm our businessNew
- 02A pandemic or other global health crisis could adversely affect our revenues, operating results, cash flow and financial condition
- 03A deterioration in the domestic and international economic environment, whether by way of inflationary conditions or recessionary conditions, could adversely affect our operating results, cash flow and financial condition
- 04We rely on our credit facility to provide us with sufficient capital to operate our businesses and to fund acquisitions
- 05Our credit facility contains covenants that restrict our activities
- 06Our global operations subject us to international business risks
- 07Failure to achieve expected savings and synergies could adversely impact our operating profits and cash flows
- 08Violation of anti-bribery or similar laws by our employees, business partners or agents could result in fines, penalties, damage to our reputation or other adverse consequences
- 09We face significant competition in our markets and, if we are not able to respond to competition in our markets, our net sales, profits and cash flows could decline
- 10If we are unable to successfully introduce new products and product enhancements, our future growth could be impaired
- 11Increased prices or significant shortages of the commodities that we use in our businesses could result in lower net sales, profits and cash flows
- 12Current and threatened tariffs on components and finished goods from China, India and other countries could result in lower net sales, profits and cash flows and could impair the value of our investments in our Chinese operations22% rewritten
- 13An inability to identify or complete future acquisitions could adversely affect our future growth
- 14We may experience difficulties in integrating acquisitions
- 15possible future impairment charges for goodwill and non-amortizable intangible assets that are recorded as a function of acquisitions
- 16Impairment charges could reduce our profitability
- 17Materially adverse or unforeseen legal judgments, fines, penalties or settlements could have an adverse impact on our profits and cash flows
- 18The costs of complying with existing or future environmental regulations, and of correcting any violations of these regulations, could impact adversely our profitability
- 19The costs of complying with existing or future regulations applicable to our products, and of correcting any violations of such regulations, could adversely impact our profitability
- 20Our results could be adversely affected by natural disasters, political crises, labor unrest or other catastrophic events
- 21An expansion of the war in Ukraine could adversely affect our results of operations and financial condition
- 22We depend on our key personnel and the development of high potential employees; the loss of their services may adversely affect our business
- 23Strategic divestitures and contingent liabilities from businesses that we sell could adversely affect our results of operations and financial condition
- 24The trading price of our common stock has been volatile, and investors in our common stock may experience substantial losses
- 25Decreases in discount rates and actual rates of return could require an increase in future pension contributions to our pension plans which could limit our flexibility in managing our Company
- 26Our business could be negatively impacted by cybersecurity threats, information systems and network interruptions, and other security threats or disruptions
- 27We are subject to increasing regulation associated with data privacy and processing, the violation of which could result in significant penalties and harm our reputation
- 28Various restrictions in our charter documents, Delaware law and our credit agreement could prevent or delay a change in control that is not supported by our board of directors
- 29the Delaware anti-takeover statute contained in Section 203 of the Delaware General Corporation Law
Other Standex International 10-Ks
- FY2025 10-K risk factors28 risks
Standex relies heavily on credit facilities, acquisitions, and global manufacturing operations across 41 international locations.
Filed Aug 04, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.