Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 31, 2023

THE L.S. STARRETT COMPANY

(Exact name of registrant as specified in its charter)

	Massachusetts	1-367	04-1866480
	(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

121 CRESCENT STREET, ATHOL, MA 1331

(Address of principal executive offices) (Zip Code)

Registrant's telephone number:

978-249-3551

N/A

(Former name or former address, if changed since last report)

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:

☐						Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐						Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐						Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

☐						Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, $1.00 par value per share SCX New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2of the Securities Exchange Act of 1934 (§ 240 12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by a 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. ☐

ITEM 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously announced, on November 6, 2023, Emerson Leme, Vice President Industrial Products North America of The L.S. Starrett Company (“the Company”) retired effective December 31, 2023.

In connection with his retirement, the Company and Mr. Leme entered into a consulting agreement (the “Consulting Agreement”) on December 31, 2023, pursuant to which Mr. Leme will provide certain services to the Company following his retirement until July 1, 2024 (subject to earlier termination, the “Consulting Period”). The Consulting Agreement provides that, during the Consulting Period, Mr. Leme will receive a consulting fee of $5,000 per month and the equity awards previously granted to Mr. Leme will continue to be eligible to vest in accordance with their existing terms.

The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which will be filed with the SEC as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 5, 2024

THE L.S. STARRETT COMPANY

By:	/s/ John C. Tripp
Name:	John C. Tripp
Title:	Chief Financial Officer and Treasurer

Document And Entity Information	Dec. 31, 2023
Document Information [Line Items]
Entity, Registrant Name	THE L.S. STARRETT COMPANY
Document, Type	8-K
Document, Period End Date	Dec. 31, 2023
Entity, Incorporation, State or Country Code	MA
Entity, File Number	1-367
Entity, Tax Identification Number	04-1866480
Entity, Address, Address Line One	121 CRESCENT STREET
Entity, Address, City or Town	ATHOL
Entity, Address, State or Province	MA
Entity, Address, Postal Zip Code	1331
City Area Code	978
Local Phone Number	249-3551
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SCX
Security Exchange Name	NYSE
Entity, Emerging Growth Company	false
Amendment Flag	false
Entity, Central Index Key	0000093676