Risk Factors Update Summary
- Sales from the AEC/O industry decreased from 50% to 30% of net sales.
- Potential enforcement actions from the FTC and State Attorneys General increased due to privacy laws.
- Estimated costs fixed at 23% in 2023, down from 24% in 2022.
- New state privacy laws, like the CCPA and CPRA, impact operations and may result in fines.
- Increased focus on cybersecurity risks, potential breaches, and the impact on operations and financial condition.
- Increased focus on compliance with HIPAA and potential penalties for noncompliance.
- Risks associated with international operations expanded to include economic instability and trade compliance.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1305168&owner=exclude
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