Mesa Laboratories Inc 2024年度报告

FORM10-K For the fiscal year endedMarch 31, 2025 MESA LABORATORIES, INC. (Exact name of registrant as specified in its charter) Table of Contents Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ 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 of1934 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 suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405of Regulation S-T (Section 232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. (check one): If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of voting stock held by non-affiliates of the registrant was $686million based upon the closing market price and commonshares outstanding as of September 30,2024. The number of outstanding shares of the Registrant’scommon stock as of May 21, 2025was5,455,437. This document (excluding exhibits) contains 63pages. DOCUMENTS INCORPORATED BY REFERENCE PartIII is incorporated by reference from the registrant’s definitive Proxy Statement for its2025 Annual Meeting of Stockholders or an amendment tothis report to be filed no later than 120days after the close of the registrant's fiscal year. Table of Contents PARTIItem 1.Business Item 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PARTIIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Item 6.ReservedItem 7.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 7A.Quantitative and Qualitative Disclosures About Market RiskItem 8.Financial Statements and Supplementary DataItem 9.Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A.Controls and ProceduresItem 9B.Other InformationItem 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections PARTIIIItem 10.Directors, Executive Officers and Corporate Governance Item 11.Executive CompensationItem 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13.Certain Relationships and Related Transactions, and Director IndependenceItem 14.Principal Accountant Fees and Services PARTIVItem 15.Exhibits and Financial Statement Schedules Item 16.Form 10-K SummarySignatures F-LS ThisReport on Form 10-Kcontains forward-looking statements which are made pursuant to the safe harbor provisions of Section27A of theSecurities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”). The forward-lookingstatements in this Report on Form 10-Kdo not constitute guarantees of future performance. Investors are cautioned that statements in this Report onForm 10-Kwhich are not strictly historical statements, including, without limitation, expre