10.31.2021 HEI Q4 10K

1 HEICD. 2021. Annual Report on Form 10-K. UNITED STATES. SECURITIES AND EXCHANGE COMMISSION. Washington, 20549. FORM 10-K. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended October 31, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____ to _____. Commission File Number: 001-04604. HEICO CORPORATION. (Exact name of registrant as specified in its charter). Florida 65-0341002.

2 (State or other jurisdiction of ( Employer Identification No.). incorporation or organization). 3000 Taft Street, Hollywood, Florida 33021. (Address of principal executive offices) (Zip Code). (954) 987-4000. (Registrant's telephone number, including area code). Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value per share HEI New York Stock Exchange Class A Common Stock, $.01 par value per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

3 Yes No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No . Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No . Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T ( of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

4 Yes No . Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company, . and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company . If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

5 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 7262(b)) by the registered public accounting firm that prepared or issued its audit report.. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No . The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant was $16,584,854,000 based on the closing price of HEICO Common Stock and Class A Common Stock as of April 30, 2021 as reported by the New York Stock Exchange.

6 The number of shares outstanding of each of the registrant's classes of common stock as of December 20, 2021 is as follows: Common Stock, $.01 par value 54,264,412 shares Class A Common Stock, $.01 par value 81,249,094 shares DOCUMENTS INCORPORATED BY REFERENCE. Portions of the registrant's definitive proxy statement for the 2022 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K. Index HEICO CORPORATION. INDEX TO ANNUAL REPORT ON FORM 10-K. FOR THE FISCAL YEAR ENDED OCTOBER 31, 2021.

7 Page PART I. Item 1. Business 1. Information About Our Executive Officers 15. Item 1A. Risk factors 17. Item 1B. Unresolved Staff Comments 26. Item 2. Properties 27. Item 3. Legal Proceedings 27. Item 4. Mine Safety Disclosures 28. PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28. Item 6. [Reserved] 31. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 31. Item 7A. Quantitative and Qualitative Disclosures About Market Risk 46.

8 Item 8. Financial Statements and Supplementary Data 47. Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 102. Item 9A. Controls and Procedures 102. Item 9B. Other Information 105. Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 105. PART III. Item 10. Directors, Executive Officers and Corporate Governance 105. Item 11. Executive Compensation 106. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 106.

9 Item 13. Certain Relationships and Related Transactions, and Director Independence 107. Item 14. Principal Accountant Fees and Services 107. PART IV. Item 15. Exhibits and Financial Statement Schedules 107. Item 16. Form 10-K Summary 110. SIGNATURES 112. Index - -- PART I. Item 1. BUSINESS. The Company HEICO Corporation through its subsidiaries (collectively, HEICO, we, us, our or the Company ) believes it is the world's largest manufacturer of Federal Aviation Administration ( FAA )-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers ( OEMs ) and their subcontractors.

10 HEICO also believes it is a leading manufacturer of various types of electronic equipment for the aviation, defense, space, medical, telecommunications and electronics industries. The Company was originally organized in 1957 as a holding company known as HEICO. Corporation. As part of a reorganization completed in 1993, the original holding company (formerly known as HEICO Corporation) was renamed as HEICO Aerospace Corporation and a new holding corporation known as HEICO Corporation was created. The reorganization did not result in any change in the business of the Company, its consolidated assets or liabilities or the relative interests of its shareholders.