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Risk Factors Update Summary
- During the COVID-19 pandemic, supply chain disruptions led to unprecedented increases in material and freight costs, significantly affecting operations.
- Regulatory focus on data privacy is increasing globally, with laws expanding and becoming more complex, imposing significant penalties for non-compliance.
- The California Consumer Privacy Act imposes additional requirements for disclosure and deletion of personal information, increasing compliance obligations and potential liabilities.
- It is possible that our employees or agents could violate compliance policies, leading to regulatory investigations and potential legal liabilities.
- The impact of any resurgence of COVID-19 on operations will depend on future developments affecting consumer confidence and demand for products.
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=57131&owner=exclude
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