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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-K\n\n☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES\n\nEXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED March 31, 2026\n\n    ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES\n\nEXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO _______.\n\n000-25734\n\n(Commission File Number)\n\nPyxus International, Inc.\n\n(Exact name of registrant as specified in its charter)\n\nVirginia85-2386250\n\n(State or other jurisdiction of incorporation)\n(I.R.S. Employer Identification No.)\n\n 6001 Hospitality Court, Suite 100\n\nMorrisville,North Carolina27560\n\n(Address of principal executive offices)(Zip Code)\n\n(919) 379-4300\n\n(Registrant’s telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b) of the Act: None\n\nSecurities registered pursuant to Section 12(g) of the Act:\n\nCommon Stock (no par value)\n\n(Title of Class)\n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒\n\n                                           \n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐ No ☒   \n\nIndicate 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 ☐\n\nIndicate 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate 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.       \n\nLarge accelerated filer☐Accelerated filer☐Smaller reporting company☒\n\nNon-accelerated filer☒Emerging growth company☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transaction period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate 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 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐\n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐\n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nIndicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☒ No ☐\n\nAs of September 30, 2025, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was approximately $34.6 million based on the closing price of the common stock as reported on the OTCID Basic Market.\n\nAs of May 31, 2026, there were 24,607,791 shares of common stock outstanding.\n\nDOCUMENTS INCORPORATED BY REFERENCE\n\nCertain information contained in the Proxy Statement for the 2026 Annual Meeting of Shareholders (to be held August 13, 2026) of the registrant is incorporated by reference into Part III hereof.\n\nTable of Contents\n\nPart IPage No."}