LSI Industries - 1792 Exchange

Rating Overview

LSI Industries is Medium Risk.

LSI Industries, Inc. is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Medium Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

LSI Industries integrates ESG into its business practices. From its Sustainability Page: “Our Environmental, Social and Governance (ESG) core principles are integral to the way we conduct our business” (1). However, LSI Industries has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

LSI Industries does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

LSI Industries offers DEI training to its leaders (1). LSI Industries appears to prioritize diversity over merit in its leadership composition. From its 2025 Sustainability Report: “LSI has a diverse Board of Directors and meets the NASDAQ goals for Board diversity” (2)(3). From its Corporate Governance Guidelines: “the Nominating and Corporate Governance Committee is responsible for reviewing the Board…This assessment includes issues of judgement, diversity, age and skills” (4). LSI Industries protects its employees against viewpoint discrimination (5).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

LSI Industries supports DEI within its business practices. From its 2025 Sustainability Report: “Diversity and inclusion are woven into the fabric of our company and reflected in our workforce and Board of Directors” (1). Otherwise, LSI Industries has not supported ideological causes or policies (2).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

LSI Industries has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

LSI Industries does not operate a PAC or engage in lobbying at this time (1)(2)(3).