PRO DEX INC 10-K

ITEM 9A. CONTROLS AND PROCEDURES Our Chief Executive Officer (our principal executive officer) and Chief Financial Officer (our principal financial officer and principal accounting officer) have concluded, based on their evaluation as of June 30, 2026, that the design and operation of our “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are effective at a reasonable assurance level to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, including to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Our management is responsible for establishing and maintaining adequate “internal control over financial reporting” (as defined in Rule 13a-15(f) under the Exchange Act). Under the supervision and with the participation of our management, including our principal executive officer, principal financial officer, and principal accounting officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework set forth in the 2013 Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission in May 2013. Based on this evaluation, our management concluded that our internal control over financial reporting was effective as of June 30, 2026. Our internal control over financial reporting is supported by written policies and procedures that: (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of our Company are being made only in accordance with authorizations of our management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. This Form 10-K does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to rules of the SEC that apply to certain smaller reporting companies that permit us to provide only management’s attestation in this annual report. Acquisition of Advanced Precision Machining, LLC (“APM”) As previously disclosed, we acquired APM on February 9, 2026. We have excluded APM from our assessment of internal control over financial reporting as of June 30, 2026, based on guidelines established by the SEC under which companies are permitted to exclude acquisitions from their assessment of internal control over financial reporting during the first year following an acquisition, while integrating an acquired company. 55 Changes in Internal Control Over Financial Reporting During the quarter ended June 30, 2026, there were no changes in our internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting. ITEM 9B. OTHER INFORMATION Insider Trading Arrangements and Policies On May 4, 2026, our Chairman of the Board of Directors , Nicholas Swenson , in his capacity as general manager of AO Partners canceled a “Rule 10b5-1 trading arrangement” (as such term is defined in Item 408(a) of Regulations S-K) that he had adopted on March 24, 2026 . No trades were made under the arrangement. On May 28, 2026 , our Chief Executive Officer , Richard Van Kirk adopted a “Rule 10b5-1 trading arrangement” (as such term is defined in Item 408(a) of Regulations S-K). This trading arrangement commences on September 9, 2026, and terminates on May 26, 2028 unless earlier terminated in accordance with its terms, and covers the disposition of up to 20,000 shares of our common stock. The remaining terms of the trading arrangement are confidential. The plan was adopted for diversification of the individual’s portfolio and not for any other purpose. During the quarter ended June 30, 2026, no additional directors or officers of the Company informed us of the adoption , modification or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as each term is defined in Item 408(a) of Regulation S-K). ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS None. 56 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE The information required by this Item is incorporated herein by reference to our definitive Proxy Statement, which will be filed within 120 days of June 30, 2026, and delivered to shareholders in connection with our 2026 annual meeting of shareholders. ITEM 11. EXECUTIVE COMPENSATION The information required by this Item is incorporated herein by reference to our definitive Proxy Statement, which will be filed within 120 days of June 30, 2026, and delivered to shareholders in connection with our 2026 annual meeting of shareholders. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The information required by this Item is incorporated herein by reference to our definitive Proxy Statement, which will be filed within 120 days of June 30, 2026, and delivered to shareholders in connection with our 2026 annual meeting of shareholders. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE The information required by this Item is incorporated herein by reference to our definitive Proxy Statement, which will be filed within 120 days of June 30, 2026, and delivered to shareholders in connection with our 2026 annual meeting of shareholders. ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES The information required by this Item is incorporated herein by reference to our definitive Proxy Statement, which will be filed within 120 days of June 30, 2026, and delivered to shareholders in connection with our 2026 annual meeting of shareholders. 57 PART IV ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES (a) Financial Statements and Financial Statement Schedules (1) Financial Statements are listed in the index included under Item 8 of this Report. (b) Exhibits Exhibit Filed or Furnished Number Exhibit Description Form Exhibit Filing Date Herewith 3.1 Articles of Incorporation 8-K 3.1 4/23/2007 3.2 Articles of Amendment to Articles of Incorporation 8-K 3.1 12/5/2007 3.3 Articles of Amendment to Articles of Incorporation 8-K 3.1 6/18/2010 3.4 Amended and Restated Bylaws, dated January 31, 2011 8-K 3.1 2/4/2011 4.1 Description of Company's Common Stock Registered Pursuant to Section 12 of the Securities Act of 1934 X 10.1* Pro-Dex, Inc. 2016 Equity Incentive Plan 14A Appendix A 10/17/2016 10.2* Form of Indemnification Agreement for directors and certain officers 8-K 10.1 10/29/2008 10.3 Lease agreement with Irvine Business Properties, dated August 3, 2007 8-K 10.1 8/23/2007 10.4 First Amendment to Lease - July 2013 by and between Irvine Business Properties and Pro-Dex, Inc. dated effective July 1, 2013 8-K 10.1 7/17/2013 10.5* Pro-Dex, Inc. Amended and Restated Employee Severance Policy effective as of September 16, 2016 10-Q 10.5 5/14/2015 10.6 Second Amended to Standard Industrial/Commercial Multi-Tenant Lease - Net by and between Irvine Business Properties and Pro-Dex, Inc., dated September 19, 2017 8-K 10.1 9/20/2017 10.7* Form of Performance Award Agreement for Employees of Pro-Dex, Inc. - 2016 Equity Incentive Plan 8-K 10.1 12/8/2017 10.8 Security Agreement, dated September 6, 2018 by Pro-Dex, Inc. in favor of Minnesota Bank & Trust 8-K 10.2 9/7/2018 10.9 Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate by and between Pro-Dex, Inc. and 14401 Franklin, LLC 8-K 10.1 9/8/2020 10.10 Loan Agreement dated November 6, 2020 made by and between PDEX Franklin LLC and Minnesota Bank & Trust 8-K 10.1 11/12/2020 58 Exhibit Filed or Furnished Number Exhibit Description Form Exhibit Filing Date Herewith 10.11 Term Note dated November 6, 2020 made by PDEX Franklin LLC in favor of Minnesota Bank & Trust 8-K 10.2 11/12/2020 10.12 Deed of trust with Assignment of Leases and Rents, Security Agreement and Fixture Filing dated November 6, 2020 by and between PDEX Franklin LLC and Minnesota Bank & Trust 8-K 10.3 11/12/2020 10.13 Assignment of Leases and Rents dated November 6, 2020 by and between PDEX Franklin LLC and Minnesota Bank & Trust 8-K 10.4 11/12/2020 10.14 Amended and Restated Credit Agreement dated November 6, 2020 by and between Pro-Dex, Inc. and Minnesota Bank & Trust 8-K 10.5 11/12/2020 10.15 Amended and Restated Term Note A dated November 6, 2020 made by Pro-Dex, Inc. in favor of Minnesota Bank & Trust 8-K 10.6 11/12/2020 10.16 Term Note B dated November 6, 2020 made by Pro-Dex, Inc. in favor of Minnesota Bank & Trust 8-K 10.7 11/12/2020 10.17* Form of Stock Option Agreement for Directors and Employees of Pro-Dex, Inc. - 2016 Equity Incentive Plan 8-K 10.1 12/11/2020 10.18 Amendment No. 1 to Amended and Restated Credit Agreement dated November 5, 2021 by and between Pro-Dex, Inc. and Minnesota Bank & Trust 8-K 10.1 11/9/2021 10.19 Amendment No. 2 to Amended and Restated Credit Agreement dated December 29,2022 by and between Pro-Dex, Inc. and Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.1 1/5/2023 10.20 Amended and Restated Revolving Credit Note dated December 29, 2022 made by Pro-Dex, Inc. in favor of Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.2 1/5/2023 10.21 Supplemental Revolving Credit Note dated December 29, 2022 made by Pro-Dex, Inc. in favor of Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.3 1/5/2023 10.22 Warrant to Purchase Stock dated December 20, 2018 made by Monogram Orthopaedics Inc. in favor of Pro-Dex, Inc. 10-K 10.31 10/13/2023 10.23 Amendment No. 3 to Amended and Restated Credit Agreement dated December 29, 2023 by and between Pro-Dex, Inc. and Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.1 1/3/2024 10.24 Amendment No 4 to Amended and Restated Credit Agreement dated July 31, 2024 by and between Pro-Pro-Dex, Inc. and Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.1 8/5/2024 10.25 Promissory Note dated July 31, 2024 made by Pro-Dex, Inc. in favor of Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.2 8/5/2024 10.26* Form of Restricted Shares Award Agreement by and between Pro-Dex, Inc. and non-employee directors and select employees dated November 20, 2024 8-K 10.1 11/25/2024 59 Exhibit Filed or Furnished Number Exhibit Description Form Exhibit Filing Date Herewith 10.27 Amendment No. 5 to Amended and Restated Credit Agreement dated December 23, 2024, by and between Pro-Dex, Inc. and Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.1 12/27/2025 10.28 Amendment and Restated Revolving Credit Note dated December 23, 2024, made by Pro-Dex, Inc. in favor of Minnesota Bank & Trust, a division of HTLF Bank 8-K 10.2 12/27/24 10.29 Amendment No. 6 to Amended and Restated Credit Agreement dated April 8, 2025, by and between Pro-Dex, Inc. and UMB Bank, N.A. D/B/A Minnesota Bank and Trust, a division of UMB Bank N.A., successor-in-interest to Minnesota Bank and Trust, a division of HTLF Bank (incorporated herein by reference to Exhibit 10.1 to the Company’s Form 8-K filed April 11, 2025). 8-K 10.1 4/11/2025 10.30 Second Amended and restated revolving Credit Note dated April 8, 2025, made by Pro-Dex, Inc. in favor of UMB Bank, N.A. D/B/A Minnesota Bank and Trust, a division of UMB Bank N.A., successor-in-interest to Minnesota Bank and Trust, a division of HTLF Bank (incorporated herein by reference to Exhibit 10.2 to the Company’s Form 8-K filed April 11, 2025) . 8-K 10.2 04/11/2025 10.31 Membership Interest Purchase Agreement dated February 9, 2026 by and among Pro-Dex, Inc., Advanced-Precision Machining Holding Company, Inc. and Seand McCaig and Yasumi McCaig 8-K 2.1 2/12/2026 10.32 Subordinated Promissory Note dated February 9, 2026 between Pro-Dex, Inc., Advanced-Precision Machining Holding Company, Inc. 8-K 10.1 2/12/2026 10.33 Second Amended and Restated Credit and Security Agreement dated February 9, 2026, by and among in favor of UMB Bank, N.A. and Pro-Dex, Inc. 8-K 10.2 2/12/2026 10.34 Term Note D dated February 9, 2026, made by Pro-Dex, Inc. in favor of UMB Bank N.A 8-K 10.3 2/12/2026 10.35 Third Amended and Restated Revolving Credit Note dated February 9, 2026, by Pro-Dex, Inc in favor of UMB Bank, N.A. 8-K 10.4 2/12/2026 19 Policy on Insider Trading 10-K 19 9/4/2025 21 Ω Subsidiaries X 23 Ω Consent of Independent Registered Public Accounting Firm X 31.1 Ω Certification of the Chief Executive Officer required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X 31.2 Ω Certification of the Chief Financial Officer required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X 32 Ω Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X 97 Pro-Dex, Inc. Compensation Recovery Policy adopted by the Compensation Committee of the Board of Directors on December 1, 2023 10-K 97 9/5/2024 101.INS Inline XBRL Instance Document X 101.SCH Inline XBRL Taxonomy Extension Schema Document X 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document X 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document X 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document X 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document X 104 Cover Page Interactive Date File X Ω Filed herewith. * Denotes management contract or compensatory arrangement. ITEM 16. FORM 10-K SUMMARY None 60 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on September 3, 2026. PRO-DEX, INC. By: Richard L. Van Kirk Richard L. Van Kirk President, Chief Executive Officer and Director (Principal Executive Officer) POWER OF ATTORNEY We, the undersigned directors and officers of Pro-Dex, Inc., do hereby constitute and appoint Richard L. Van Kirk, as our true and lawful attorney-in-fact and agent with power of substitution, to do any and all acts and things in our name and behalf in our capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated below, which such attorney-in-fact and agent may deem necessary or advisable to enable said corporation to comply with the Securities Exchange Act of 1934, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with this Annual Report on Form 10-K, including specifically but without limitation, power and authority to sign for us or any of us in our names in the capacities indicated below, any and all amendments hereto; and we do hereby ratify and confirm all that said attorney-in-fact and agent shall do or cause to be done by virtue hereof. 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 on the dates indicated. Signature Title Date /s/ Richard L. Van Kirk Richard L. Van Kirk President, Chief Executive Officer, and Director (Principal Executive Officer) September 3, 2026 /s/ Alisha K. Charlton Alisha K. Charlton Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) September 3, 2026 /s/ Nicholas J. Swenson Nicholas J. Swenson Chairman of the Board, Director September 3, 2026 /s/ Raymond E. Cabillot Raymond E. Cabillot Director September 3, 2026 /s/ Angelita R. Domingo Angelita R. Domingo Director September 3, 2026 /s/ William J. Farrell III William J. Farrell III Director September 3, 2026 /s/ David C. Hovda David C. Hovda Director September 3, 2026 /s/ Katrina M.K. Philp Katrina M.K. Philp Director September 3, 2026 61