Risk Factors Update Summary
- Added disclosure on servicing indebtedness, highlighting the need for significant cash and risks associated with incurring significant debt.
- Changes in golf equipment regulations, including testing standards and focus on overall distance, impacting product sales.
- Increased focus on cybersecurity risks, potential breaches, and evolving data privacy laws, impacting operations and reputation.
- Disclosure on potential impact of global minimum tax regime on operations and financial statements.
- Changes in share repurchase program authorizations, with additional amounts approved for repurchase.
- Added details on restrictions in credit agreements limiting flexibility in operations and ability to raise additional debt.
- Disclosure on the impact of potential breaches or failures in compliance with data privacy laws on business 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=1672013&owner=exclude
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