Risk Factors Update Summary
- Reduced borrowing base from $180 million to $169 million, affecting liquidity sources.
- Increased sales dependency on Stellantis from 58% to 55% of total sales.
- Settlement loss of $16.3 million incurred from lump sum payments to eligible participants.
- Sales attributable to foreign countries increased from 77% to 78%.
- Underfunded non-U.S. pension plans increased from $83 million to $92 million.
- Underfunded U.S. pension plans decreased from $16 million to $14 million.
- Potential impacts from global economic uncertainty due to rising inflation, interest rates, and supply chain challenges.
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=1320461&owner=exclude
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