Risk Factors Update Summary
- Acquisitions, divestitures, and strategic transactions now include publicly-announced initiatives and involve numerous risks.
- Volatility in energy prices may impact plant costs and conditions in passenger transit markets.
- Implementation of enterprise resource planning system completed in 2022 with ongoing assessments.
- New cybersecurity rules adopted by SEC in 2023 may result in costly compliance.
- Agreement with activist investor 22NW could lead to changes in the strategic direction.
- Tight labor market may lead to profitability reduction and affect supply chain stability.
- Unexpected events like natural disasters or armed conflicts could negatively impact operations.
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=352825&owner=exclude
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