Every material Form 8-K PRO DEX INC has filed with the SEC since September 18, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
A Pro-Dex subsidiary, Advanced Precision Machining, renewed three existing Costa Mesa, California leases through September 30, 2030, with base rent increases starting February 1, 2027. It also signed a new lease for an industrial unit of about 5,800 square feet starting November 1, 2026. The filing describes routine facility agreements and does not report financial results, so it gives shareholders no direct earnings information.
Lease Renewals signed October 26, 2026, covering about 2,500 square feet at 1645, 1647 and 1649 Monrovia Avenue, extending the leases to September 30, 2030
Base rent rises 4.0% to 6.6% starting February 1, 2027; for spaces 1647 and 1649, rent is $5,651 per month, and for space 1645, $5,513 per month, through October 31, 2028
New Lease signed October 29, 2026 with Salter Family Trust for about 5,800 square feet at 921-923 Newhall Street, with base rent of $11,600 per month from November 1, 2026
Pro-Dex reported fiscal first-quarter results for the period ended September 30, 2026. Net sales rose 11% to $20.6 million and operating income rose 13% to $3.5 million, but net income fell to $3.0 million, or $0.92 per diluted share, from $4.7 million, or $1.40, a year earlier. The drop in net income mainly reflects much smaller unrealized investment gains than in the prior-year quarter.
Net sales rose $2.1 million, or 11%, to $20.6 million, led by a $3.3 million increase in medical device revenue.
Gross margin rose to 33% from 29%, mainly due to favorable product mix.
Net income fell to $3.0 million, or $0.92 per diluted share, from $4.7 million, or $1.40, as unrealized investment gains dropped to $73,000 from $3.3 million.
Operating expenses rose 48% to $3.3 million, including $466,000 from the newly acquired subsidiary Advanced Precision Machining, LLC.
Pro-Dex entered into a Third Amendment to its lease for the 28,180-square-foot Irvine, California building that houses its executive offices and manufacturing facility, with an effective date of August 18, 2026. The amendment extends the lease term to September 30, 2030 and sets base rent increases of 3.5% per year starting October 1, 2027. The filing describes this as a routine lease change, and all other lease terms are unchanged.
Lease term extended to September 30, 2030 under the Third Amendment dated September 16, 2026 and effective August 18, 2026
Base rent is $49,281.75 per month from October 1, 2027 through September 30, 2028
Base rent rises 3.5% to $1,724.86 more per month on October 1, 2028, and by a further 3.5%, or $1,785.23 per month, on October 1, 2029
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every PRO DEX INC filing is on SEC EDGAR ↗. 8-K briefs of other companies →