Risk Factors Update Summary
- Motor vehicle aftermarket industry negatively impacted by quality concerns, with three customers accounting for 44% of net sales in 2023.
- Sales from aftermarket parts for specialty vehicles, like UTVs and ATVs, are growing.
- Increased interest expense by approximately $2.6 million in 2023 due to outstanding borrowings.
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=868780&owner=exclude
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