LSI Industries Inc 2024年度报告

FORM10-K ☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 FOR THE FISCAL YEAR ENDEDJUNE 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 FOR THE TRANSITION PERIOD FROMTO. Commission File No.0-13375 LSI INDUSTRIES INC.(Exact name of Registrant as specified in its charter) Ohio(State or other jurisdiction ofincorporation or organization)10000 Alliance RoadCincinnati,Ohio45242(Address of principal executiveoffices)IRS Employer I.D.No.31-0888951 (513)793-3200(Telephone of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on whichregistered Common shares, no par valueLYTSTheNASDAQStock Market LLC(NASDAQ Global Select Market) Securities Registered Pursuant to Section 12(g) of the Act:None 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 Exchange 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 SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing 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 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new 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 theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared 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 theregistrant included in the 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-basedcompensation received 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☑ As of December 31, 2024, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant wasapproximately $580,496,057based upon a closing sale price of $19.42 per share as reported on The NASDAQ Global SelectMarket. At August 29, 2025, there were30,512,222shares of common stock. DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive Proxy Statement to be delivered to shareholders in connection with the 2025 Annual Meeting ofShareholders to be held on November 4, 2025, are incorporated by reference in PartIII, as specified. onPagePART IITEM 1. BUSINESS5ITEM 1A. RISK FACTORS8ITEM 1B UNRESOLVED STAFF COMMENTS13ITEM 1C. CYBERSECURITY13ITEM 2. PROPERTIES15ITEM 3. LEGAL PROCEEDINGS16ITEM 4. MINE SAFETY DISCLOSURES16PART IIITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITY SECURITIES16ITEM 6. [RESERVED]16ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS16ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK16ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA17ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIALDISCLOSURE17ITEM 9A. CONTROLS AND PROCEDURES18ITEM 9B. OTHER INFORMATION18ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS18PART IIIITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE18ITEM 11. EXECUTIVE COMPENSATION18ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATEDSTOCKHOLDER MATTERS18ITEM 13. CE