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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17CFR §240.12b-2 of this chapter).
Emerging growth company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
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Exhibits
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Description
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99.1
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104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
LSI INDUSTRIES INC.
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BY:/s/ Thomas A. Caneris
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Thomas A. Caneris
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Executive Vice President –Human Resources and General Counsel
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Exhibit 99.1
FOR IMMEDIATE RELEASE
DATE: April 29, 2024
LSI INDUSTRIES INC. REPORTS INDUCEMENT GRANTS UNDER NASDAQ LISTING RULES
Cincinnati, OH; April 29, 2024 – LSI Industries Inc. (NASDAQ: LYTS, or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today announced an inducement grant in accordance with NASDAQ Listing Rule 5635(c)(4) to Mark Duato, Senior Vice President of Security Solutions, effective April 29, 2024. The awards were granted by the Company’s Compensation Committee.
Mr. Duato was granted an inducement stock option to purchase up to 25,000 shares of the Company’s common stock. The award was approved in connection with the commencement of his employment with the Company on April 29, 2024 and has a ten-year term. The option is exercisable at a price of $15.01 per share (the closing price on April 29, 2024). The options will vest in full on the third anniversary date of grant.
About LSI Industries Inc.
Headquartered in Cincinnati, LSI Industries (NASDAQ: LYTS) specializes in the creation of advanced lighting, graphics, and display solutions. The Company’s American-made products, which include lighting, print graphics, digital graphics, millwork, metal and refrigerated products, and custom displays, are engineered to elevate brands in competitive markets. With a workforce of approximately 1,900 employees and 16 facilities throughout North America, LSI is dedicated to providing top-quality solutions to its clients. Additional information about LSI is available at www.lsicorp.com.
Forward-Looking Statements
For details on the uncertainties that may cause our actual results to be materially different than those expressed in our forward-looking statements, visit https://investors.lsicorp.com as well as our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q which contain risk factors.
Additional note: Today’s news release, along with past releases from LSI Industries Inc., is available on the Company’s internet site at www.lsi-industries.com.
Investor contact: Noel Ryan, IRC; 770.778.2415; LYTS@vallumadvisors.com
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Document And Entity Information |
Apr. 29, 2024 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | LSI INDUSTRIES INC. |
Document, Type | 8-K |
Document, Period End Date | Apr. 29, 2024 |
Entity, Incorporation, State or Country Code | OH |
Entity, File Number | 01-13375 |
Entity, Tax Identification Number | 31-0888951 |
Entity, Address, Address Line One | 10000 Alliance Road |
Entity, Address, City or Town | Cincinnati |
Entity, Address, State or Province | OH |
Entity, Address, Postal Zip Code | 45242 |
City Area Code | 513 |
Local Phone Number | 793-3200 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | LYTS |
Security Exchange Name | NASDAQ |
Entity, Emerging Growth Company | false |
Amendment Flag | false |
Entity, Central Index Key | 0000763532 |
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