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Risk Factors Update Summary
- The loss of governmental funding for the Leader in Me program could adversely impact operations. This may lead to reduced cash flows and financial position.
- Our subscription contracts are typically for periods of 12 months or longer, affecting renewals. Failure to maintain renewals could significantly decrease revenue.
- We may face challenges in China due to unpredictable political and legal climates, impacting operations and financial results.
- Cybersecurity risks have increased, with potential liabilities under GDPR fines of up to 20 million Euros or 4% of annual global revenues.
- Compliance with evolving consumer privacy laws may create new risks and obligations, affecting operational costs and legal liabilities.
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=886206&owner=exclude
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