Risk Factors Update Summary
- Added reliance on sole or limited sources of supply for materials, components, and services, risking production interruptions and inefficiencies.
- Mentioned the completion of the separation as a discontinued operation, emphasizing workforce of over 18,000 professionals.
- Highlighted the use of artificial intelligence in business and products, with challenges potentially leading to reputational harm and legal liability.
- Noted the potential impact of climate change and regulatory measures on operations and financial results.
- Disclosed the completion of the separation and distribution agreement, with potential indemnification liabilities to Vontier.
- Addressed the impact of workforce shortage in the U.S. on competitiveness and cost of retaining employees.
- Discussed the risks associated with manufacturing or design defects impacting safety and productivity.
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=1659166&owner=exclude
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