Related Party Transactions

12 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

Related Party Transactions

20.     Related Party Transactions

Under ASC 850 “Related Party Transactions” an entity or person is considered to be a “related party” if it has control, significant influence or is a key member of management personnel or affiliate. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. The Company, in accordance with ASC 850 presents disclosures about related party transactions and outstanding balances with related parties.

The Audit Committee has the responsibility of reviewing and approving transactions with related parties. In connection with the review of any related party transactions, the Audit Committee considers, among other matters, the nature, timing and duration of the transactions, the relationships of the parties to the transactions, whether the transactions are in the ordinary course of the Company’s business, the dollar value of the transactions and whether the transactions are in the interests of the Company.

Gary Southwell, Vice President and General Manager of High Performance Products segment, is a minority shareholder in one of our vendors. He has no operational responsibilities. There were $267 thousand and $324 thousand of purchases from this vendor for the fiscal year ended September 30, 2025 and 2024, respectively. An amount of $69 thousand was due to this vendor as of September 30, 2025. There was no balance due as of September 30, 2024.