NAPCO SECURITY TECHNOLOGIES INC
For the period ended Jun 30, 2024. Filed Aug 29, 2024.
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FY2024 · Filed Aug 29, 2024
NSSC$31.34-0.3%Stored close · as of Nov 10, 2026
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Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a)1. Financial Statements
The following consolidated financial statements of NAPCO Security Technologies, Inc. and its subsidiaries are included in Part II, Item 8:
| Page | |
| Report of Independent Registered Accounting Firm (PCAOB ID 34) | FS-2 |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID 23) | FS-4 |
| Consolidated Financial Statements: | |
| Consolidated Balance Sheets as of June 30, 2024 and 2023 | FS-5 |
| Consolidated Statements of Income for the Fiscal Years Ended June 30, 2024, 2023 and 2022 | FS-6 |
| Consolidated Statements of Stockholders' Equity for the Fiscal Years Ended June 30, 2024, 2023 and 2022 | FS-7 |
| Consolidated Statements of Cash Flows for the Fiscal Years Ended June 30, 2024, 2023 and 2022 | FS-8 |
| Notes to Consolidated Financial Statements | FS-9 |
(a)2. Financial Statement Schedules
The following consolidated financial statement schedules of NAPCO Security Technologies, Inc. and its subsidiaries are included in Part II, Item 8:
B. Supplementary Financial Data
(a)3. and (b). Exhibits
Management Contracts designated by asterisk.
| Exhibit No. | Title | |
|---|---|---|
| Ex-3.(i) | Certificate of Amendment of Certificate of Incorporation | Exhibit-3.(i) to Report on Form 10-K (Commission file No. 0-10004) for the fiscal year ended June 30, 2011 |
| Ex-3.(ii) | Certificate of Incorporation as amended | Exhibit-3.(ii) to Report on Form 10-K (Commission file No. 0-10004) for the fiscal year ended June, 30 2011 |
| Ex-3.(iii) | Second Amended and Restated By-Laws | Exhibit 10.3 to Report on Form 8-K (Commission file No. 0-10004) filed on September 8, 2020 |
| Ex-3.(iv) | Amendment to the Amended and Restated Certificate of Incorporation | Exhibit 3.(iv) to Report on Form 8-K (Commission file No. 0-10004) filed on December 7, 2021 |
| Ex 4.01 | Third Amended and Restated Credit Agreement dated June 29, 2012. | Exhibit 4.01 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
|---|---|---|
| Ex 4.02 | Second Amended and Restated Term A Loan Note | Exhibit 4.02 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.03 | Second Amended and Restated Term B Loan Note | Exhibit 4.03 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.04 | Second Amended and Restated Revolving Credit Note | Exhibit 4.04 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.05 | Second Amended and Restated Swing Line Note | Exhibit 4.05 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.06 | Continuing General Security Agreement | Exhibit 4.06 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.07 | Reaffirmation of Collateral Documents | Exhibit 4.07 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.08 | Reaffirmation of Negative Pledge | Exhibit 4.08 to Report on Form 8-K (Commission file No. 0-10004) dated June 29, 2012 |
| Ex 4.09 | Amendment No. 3 to Third Amended and Restated Credit Agreement | Item 1.01 (e) contained in Report on Form 8-K (Commission file No. 0-10004) dated June 28, 2016 |
| Ex 4.10 | Description of the Company’s Securities | E-15 |
| Ex 4.11 | Amendment No 4. To Fourth Amended and Restated Credit Agreement | Exhibit 4.11 to Report on Form 8-K (Commission file No. 0-10004) dated February 9, 2024 |
| *Ex-10.A (ii) | 2002 Employee Stock Option Plan | Exhibit 10.A(II) to Report on Form 10-K (Commission file No. 0-10004) for the fiscal year ended June 30, 2008 |
| *Ex-10.B | 2012 Employee Stock Option Plan | Appendix A to Proxy Statement dated October 29, 2012 for Annual Meeting of Stockholders to be held on December 11, 2012 |
| *Ex-10.C | 2012 Non-Employee Stock Option Plan | Appendix B to Proxy Statement dated October 29, 2012 for Annual Meeting of Stockholders to be held on December 11, 2012 |
| *Ex-10.D | 2018 Non-Employee Stock Option Plan | Appendix A to Proxy Statement dated October 29, 2018 for Annual Meeting of Stockholders to be held on December 11, 2018 |
| *Ex-10.E | 2020 Non-Employee Stock Option Plan | Appendix A to Proxy Statement dated April 13, 2020 for Annual Meeting of Stockholders to be held on May 21, 2020 |
| *Ex-10.F | 2022 Employee Stock Option Plan | Appendix A to Proxy Statement dated October 31, 2022 for Annual Meeting of Stockholders to be held on December 5, 2022 |
|---|---|---|
| *Ex-10.I | Amended and Restated Employment Agreement with Richard Soloway | Exhibit 10.I to Report on Form 10-K (Commission file No. 0-10004) for fiscal year ended June 30, 2010 |
| *Ex-10.M | Two (2) Year Extension, dated October 21, 2021, of Employment Agreement between the Registrant and Michael Carrieri | Exhibit 10.M to Report on Form 10-K (Commission file No. 0-10004) for fiscal year ended June 30, 2023 |
| *Ex-10.N | Form of Indemnification Agreement adopted September 3, 2020 | Exhibit 10.N to Report on Form 10-K (Commission file No. 0-10004) for fiscal year ended June 30, 2020 |
| *Ex-10.O | Severance Agreement between the Registrant and Kevin S Buchel dated December 30, 2015 | Exhibit 10.O to Report on Form 10-Q (Commission file No. 0-10004) dated February 1, 2016 |
| *Ex-10.P | Compensation Agreement between the Registrant and Stephen Spinelli dated April 6, 2020 | Exhibit 10.P to Report on Form 10-K (Commission file No. 0-10004) dated September 13, 2021 |
| Ex-10.Q | Compensation Agreement between the Registrant and Andrew Vuono dated June 3, 2024 | E-16 |
| Ex-10.R | Two (2) Year Extension, dated April 27, 2024, of Employment Agreement between the Registrant and Michael Carrieri | E-17 |
| Ex-14.0 | Code of Ethics | Exhibit 14.0 to Report on Form 10-K (Commission file No. 0-10004) for the fiscal year ended June 30, 2010 |
| Ex-19.0 | Insider Trading Policy | Exhibit 14.1 to Report on Form 8-K (Commission File No. 0-10004) dated May 6, 2021 |
| Ex-21.0 | Subsidiaries of the Registrant | E-18 |
| Ex-23.1 | Consent of Independent Registered Accounting Firm – Deloitte & Touche LLP | E-19 |
| Ex-23.2 | Consent of Independent Registered Accounting Firm – Baker Tilly, LLP | E-20 |
| Ex-31.1 | Section 302 Certification of Chief Executive Officer | E-21 |
| Ex-31.2 | Section 302 Certification of Chief Financial Officer | E-22 |
| Ex-32.1 | Certification of Chief Executive Officer Pursuant to 18 USC Section 1350 and Section 906 of Sarbanes - Oxley Act of 2002 | E-23 |
| Ex-32.2 | Certification of Chief Financial Officer Pursuant to 18 USC Section 1350 and Section 906 of Sarbanes - Oxley Act of 2002 | E-24 |
|---|---|---|
| Ex.97 | Incentive Compensation Clawback Policy | E-25 |
| Ex-101.INS | Inline XBRL Instance Document ** | |
| Ex-101.SCH | Inline XBRL Taxonomy Extension Schema Document** | |
| Ex-101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document** | |
| Ex-101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document** | |
| Ex-101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document** | |
| Ex-101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document** | |
| Ex-104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
NAPCO SECURITY TECHNOLOGIES, INC.
(Registrant)
| By: | /s/ RICHARD SOLOWAY |
|---|---|
| Richard Soloway | |
| Chairman of the Board of | |
| Director and Secretary | |
| (Principal Executive Officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and the dates indicated.
| Signature | Title | Date | ||
|---|---|---|---|---|
| /s/ RICHARD SOLOWAY | Chairman of the Board of Directors, | August 29, 2024 | ||
| Richard Soloway | Director and Secretary | |||
| (Principal Executive Officer) | ||||
| /s/ KEVIN S. BUCHEL | President, Chief Operating Officer | August 29, 2024 | ||
| Kevin S. Buchel | and Chief Financial Officer | |||
| (Principal Financial and Accounting Officer) | ||||
| /s/ PAUL STEPHEN BEEBER | Director | August 29, 2024 | ||
| Paul Stephen Beeber | ||||
| /s/ RICK LAZIO | Director | August 29, 2024 | ||
| Rick Lazio | ||||
| /s/ DONNA SOLOWAY | Director | August 29, 2024 | ||
| Donna Soloway | ||||
| /s/ ROBERT UNGAR | Director | August 29, 2024 | ||
| Robert Ungar | ||||
| /s/ ANDREW J. WILDER | Director | August 29, 2024 | ||
| Andrew J. Wilder | ||||
| | | | | |
| /s/ DAVID A. PATERSON | Director | August 29, 2024 | ||
| David A. Paterson | ||||
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