Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The company plans to convert its DSD distribution model in California to an employment model in 2024.
  • Top ten customers accounted for 55% of sales in Fiscal 2023, with Walmart/Sam's Club at 22%.
  • The Chief Executive Officer was elected as Chairman of the board of directors effective May 25, 2023.
  • The Chief Operating Officer transitioned to President and Chief Operating Officer in September 2023.
  • The company appointed a new Chief Growth Officer and Executive Vice President of Network Optimization.
  • The Chief Supply Chain Officer joined in April 2022, bringing experience from PepsiCo.
  • The Chief Strategic Projects Officer transitioned to Chief Strategic Projects Officer in August 2022.

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=1128928&owner=exclude

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