UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1 TO
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30, 1999 Commission File Number 1-7233
STANDEX INTERNATIONAL CORPORATION
(Exact name of Registrant as specified in its Charter)
DELAWARE 31-0596149
(State of incorporation) (I.R.S. Employer Identification No.)
6 MANOR PARKWAY, SALEM, NEW HAMPSHIRE 03079
(Address of principal executive office) (Zip Code)
(603) 893-9701
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE
SECURITIES EXCHANGE ACT OF 1934:
Title of Each Class Name of Each Exchange on Which Registered
Common Stock, Par Value $1.50 Per ShareNew York Stock Exchange
Indicate by check mark whether the Registrant (1) has
filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. YES X NO
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein
and will not be contained, to the best of Registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
The aggregate market value of the voting and non-voting
common equity held by non-affiliates of the Registrant at the
close of business on July 30, 1999 was approximately
$337,560,000. Registrant's closing price as reported on the
New York Stock Exchange for July 30, 1999 was $26.50 per share.
The number of shares of Registrant's Common Stock
outstanding on September 8, 1999 was 12,927,778.
Portions of the 1999 Annual Report to Shareholders of
Registrant are incorporated in Parts I, II and IV of this
report. Portions of the Proxy Statement of Registrant dated
September 16, 1999 are incorporated in Part III of this report.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, Standex International
Corporation has duly caused this Annual Report on Form 10-K to
be signed on its behalf by the undersigned, thereunto duly
authorized, on September 22, 1999.
STANDEX INTERNATIONAL CORPORATION
(Registrant)
By:/s/ Edward J. Trainor
Edward J. Trainor, President/
Chief Executive Officer
Pursuant to the requirements of the Securities Exchange
Act of 1934, this report has been signed below by the
following persons on behalf of Standex International
Corporation and in the capacities indicated on September 22,
1999:
Signature Title
/s/ Edward J. Trainor President/Chief Executive Officer
Edward J. Trainor
/s/ Edward F. Paquette Vice President/Chief Financial Officer
Edward F. Paquette
/s/ Robert R. Kettinger Corporate Controller (Chief Accounting Officer)
Robert R. Kettinger
Edward J. Trainor, pursuant to powers of attorney which
are being filed with this Annual Report on Form 10-K, has
signed below on September 22, 1999 as attorney-in-fact for the
following directors of the Registrant:
John Bolten, Jr. Daniel B. Hogan
David R. Crichton Thomas L. King
Samuel S. Dennis 3d C. Kevin Landry
William R. Fenoglio H. Nicholas Muller, III, Ph.D.
Walter F. Greeley Edward F. Paquette
Sol Sackel
/s/ Edward J. Trainor
Edward J. Trainor
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CONSOLIDATED BALANCE SHEETS
<CAPTION>
Standex International Corporation and Subsidiaries
June 30 1999 1998
Assets
Current Assets
<S> <C> <C>
Cash and cash equivalents $ 5,909,283 $ 9,256,316
Receivables - less allowance of $3,590,000 in 1999
and $3,551,000 in 1998 97,871,014 98,530,861
Inventories 119,955,298 122,949,519
Prepaid expenses 4,773,403 4,493,110
Total current assets 228,508,998 235,229,806
Property, Plant and Equipment
Land and buildings 76,098,470 74,432,382
Machinery and equipment 172,814,389 177,916,799
Total 248,912,859 252,349,181
Less accumulated depreciation 144,129,886 149,375,776
Property, plant and equipment - net 104,782,973 102,973,405
Other Assets
Prepaid pension cost 32,623,677 29,254,916
Goodwill - net 32,110,262 33,148,961
Other 12,370,530 10,634,968
Total other assets 77,104,469 73,038,845
Total $410,396,440 $411,242,056
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of debt $ 3,962,765 $ 2,995,231
Accounts payable 35,975,395 37,747,901
Accrued payroll and employee benefits 18,221,481 17,667,979
Income taxes 6,202,160 5,754,464
Other 17,633,469 22,121,209
Total current liabilities 81,995,270 86,286,784
Long-Term Debt - less current portion 148,111,366 163,447,647
Deferred Income Taxes 14,736,000 11,937,000
Other Non-current Liabilities 3,253,260 3,373,396
Commitments and Contingencies
Stockholders' Equity
Common stock - authorized, 60,000,000 shares
in 1999 and 30,000,000 shares in
1998; par value, $1.50 per share;
issued 27,984,278 shares in 1999 and 1998 41,976,417 41,976,417
Additional paid-in capital 9,157,664 8,516,344
Retained earnings 345,613,410 324,130,407
Accumulated other comprehensive income (3,478,156) (2,728,589)
Less cost of treasury shares: 15,088,716 shares
in 1999 and 14,917,945 in 1998 (230,968,791) (225,697,350)
Total stockholders' equity 162,300,544 146,197,229
Total $410,396,440 $411,242,056
See notes to consolidated financial statements.
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