RICHARDSON ELECTRONICS, LTD.

Richardson Electronics, Ltd. is a global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables. The company also provides power conversion and RF and microwave components, including green energy solutions, tubes for diagnostic imaging equipment, and customized display solutions. Over 55% of its products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by global manufacturing partners who adhere to strict specifications and a supplier code of conduct. Richardson Electronics serves customers across various markets, including alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor. The company's strategy focuses on providing specialized technical expertise and engineered solutions, leveraging its core engineering and manufacturing capabilities. It adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair via its global infrastructure. On January 24, 2025, the company sold a significant portion of its Healthcare business assets to DirectMed Imaging, LLC. This transaction resulted in a total loss of $5.1 million for the fiscal year ended May 31, 2025. Following the sale, Richardson Electronics entered into an exclusive 10-year global supply agreement to provide DirectMed with repaired Siemens CT X-ray tubes. Additionally, the company will continue to manufacture a limited quantity of ALTA CT X-ray tubes exclusively for DirectMed under a separate supply agreement. The company's fiscal year 2025 ran from June 2, 2024, to May 31, 2025.