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- Departure of CFO (new) — CFO Ademir Sarcevic is transitioning out of the CFO role; the company is searching for a successor CFO.
Standex promotes CFO Sarcevic to EVP & Electronics President; CFO search underway
Filed May 14, 2026 · Period ending May 12, 2026 · ~1 min read
Key Changes
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CFO Ademir Sarcevic promoted to Executive Vice President-Corporate and Group President-Electronics, assuming responsibility for driving growth in the Electronics segment while overseeing corporate initiatives. He will retain CFO duties during the search for his successor.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Company searching for a successor CFO; Sarcevic will continue as CFO to ensure continuity and stability during the transition.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Sarcevic receives $750,000 restricted stock unit award vesting one-third after two years and two-thirds after three years, contingent on continued service.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Sarcevic joined Standex as CFO in 2019 and is credited with strengthening finance operations, driving margin improvements, enhancing capital allocation discipline, and building investor relations.
Exhibit 99 view on EDGAR →
Summary
Standex International is promoting CFO Ademir Sarcevic to a dual operational role as Executive Vice President-Corporate and Group President-Electronics, where he will lead growth initiatives in the Electronics segment and oversee corporate projects. This represents a significant leadership change that combines operational and financial responsibilities.
However, the company is simultaneously searching for a successor CFO, creating a transition period during which Sarcevic will wear both hats to ensure continuity. The CFO transition warrants attention from investors.
While the company frames this as a promotion recognizing Sarcevic's seven-year track record of strengthening finance operations and improving margins, it introduces uncertainty around the finance function during the search period. The $750,000 RSU award with multi-year vesting suggests the company is focused on retention through the transition. Investors should monitor the CFO search timeline and the quality of the eventual successor, as well as how effectively Sarcevic can balance dual responsibilities in the interim.
Section-by-Section Diff
Event · Exhibit 99
Added in current filing · view on EDGAR →
Standex International Corporation (NYSE: SXI), a leading manufacturer of highly engineered components and systems, today announced the promotion of Ademir Sarcevic to the role of Executive Vice President-Corporate and Group President-Electronics .
In his expanded role, Mr. Sarcevic will assume responsibility for driving accelerated growth across the Company’s Electronics segment while also overseeing certain corporate projects & initiatives. He will continue to serve as Chief Financial Officer until the Company has completed its search for a successor CFO, ensuring continuity and stability during the transition.
Standex promoted CFO Ademir Sarcevic to Executive Vice President-Corporate and Group President-Electronics, where he will lead the Electronics segment and oversee corporate initiatives. He will retain the CFO role temporarily while the company searches for a successor, ensuring continuity during the transition. This represents a significant leadership change combining operational and financial responsibilities.
Added in current filing · view on EDGAR →
Mr. Sarcevic joined Standex as CFO in 2019, and has played a central role in strengthening the Company’s finance organization, driving margin improvements, enhancing capital allocation discipline, and building the Company’s investor relations function.
Ademir Sarcevic has served as CFO since 2019 and is credited with strengthening finance operations, improving margins, enhancing capital allocation discipline, and building investor relations. This background provides context for his promotion to a broader operational role.
Added in current filing · view on EDGAR →
“Ademir is an exceptional leader,” said David Dunbar, President and Chief Executive Officer. “Over the past seven years, he has been instrumental in solidifying our finance and investor relations functions and working across our businesses to position the Company for long‑term value creation. I am excited about his ability to bring the same level of rigor, strategic insight, and execution focus to drive accelerated growth and performance across our Electronics platform.”
CEO David Dunbar praised Sarcevic's leadership over seven years and expressed confidence in his ability to drive growth in the Electronics segment. The CEO emphasized Sarcevic's strategic insight and execution focus as key qualifications for the expanded role.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Mr. Sarcevic joined the Company in 2019 as Chief Financial Officer and has played a central role in strengthening the Company’s finance organization, driving margin improvements, enhancing capital allocation discipline, and building the Company’s investor relations function.
The filing highlights Sarcevic's tenure since 2019 and his contributions to finance organization strength, margin improvement, capital allocation discipline, and investor relations. This context supports the rationale for his expanded operational role.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 9, 2026 · How we verify