Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Economic conditions in the United States could significantly impact earnings due to factors like inflation, unemployment, and interest rates. This includes potential adverse effects from bank failures.
  • Quarterly cash dividends were not paid as expected, but the company anticipates paying a $0.17 dividend per share.
  • Monthly base hotel management fees increased from approximately $16,000 to $17,000 per hotel.
  • Ownership interest in the company increased from approximately 19.0% to 20.0%.
  • Interest rates have impacted the company negatively, with outstanding indebtedness decreasing from $1.3 billion to $1.2 billion.
  • The company had a cyber incident potentially exposing employee information, but no customer data was compromised.
  • Future offerings of debt securities could impact the company's stock price negatively.

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=1574085&owner=exclude

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