Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Reduction in owned or leased manufacturing facilities from 74% to 68% and tangible assets from 35% to 24%.
  • Increase in restructuring costs from $6.3 million to $13.4 million with annualized cost savings of $6.9 million.
  • CEO beneficial ownership change from 21.7% to 22.4% of outstanding Class A common shares.
  • Reduction in countries of operation from 15 to 7, impacting distribution and international operations.
  • Change in the number of outstanding Class A common shares from 397,505,175 to 396,175,032.
  • Change in the number of outstanding Class A common shares beneficially owned by CEO from 381,720,032 to 382,032.
  • Increase in the number of outstanding Class A common shares beneficially owned by CEO from 397,505,175 to 396,175,032.

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=729580&owner=exclude

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