Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT





On May 21, 2021, Brady Corporation Asia PTE., LTD, a wholly-owned subsidiary of
Brady Corporation (the "Company"), entered into an Agreement for the Sale and
Purchase of the Entire Issued Share Capital of Magicard Holdings Limited (the
"Purchase Agreement") with LDC Limited and the other institutional and
individual holders of outstanding shares of Magicard. Pursuant to the Purchase
Agreement, the Company purchased all of the outstanding shares of Magicard
Holdings Limited ("Magicard"), and the closing of this transaction pursuant to
the Purchase Agreement also occurred on May 21, 2021 (the "Closing").

The total purchase price paid by the Company of approximately GBP 42 million
(approximately USD 59 million) was inclusive of indebtedness of Magicard that
was re-paid at Closing. The Purchase Agreement provides for certain
indemnification rights with respect to a breach of representation, warranty or
covenant by either party. The Company financed the acquisition by using cash
held outside the United States.

The Purchase Agreement is filed as Exhibit 2.1 to this Current Report on Form
8-K and is incorporated herein by reference. The summary of the material
provisions of the Purchase Agreement set forth above is qualified in its
entirety by reference to the Purchase Agreement. The Company issued a press
release on May 21, 2021 regarding the transaction, which is attached hereto as
Exhibit 99.1.

Item 5.02 (b) DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT


                   OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS



On May 21, 2021, Conrad G. Goodkind, a member and Chairman of the Board of
Directors (the "Board") of the Company, announced that he retired from the Board
effective that day. The Board elected current director Bradley C. Richardson to
replace Mr. Goodkind as Chairman effective immediately following Mr. Goodkind's
retirement.


Item 9.01   FINANCIAL STATEMENTS AND EXHIBITS



(d) Exhibits

EXHIBIT NUMBER      DESCRIPTION
                      Purchase Agreement, dated as of May 21, 2021, by and among Brady Corporation and
2.1                 LDC Limited and the other institutional and individual

holders of outstanding shares


                    of Magicard Holdings Limited.   Schedules and exhibits

to this document are not


                    being filed herewith pursuant to Item 601(b)(2) of Regulation S-K.*
99.1                  Press Release of Brady Corporation, dated     May 21

, 2021, announcing the


                    acquisition of Magicard     Holdings     Limited    .

104                 Cover Page Interactive Data File (embedded within

Inline XBRL document).

* The registrant agrees to furnish a copy of any such schedule or exhibit to the Securities and Exchange Commission upon request.

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