Risk Factors Update Summary
- Two largest customers accounted for 25% and 10.3% of net sales, down from 26.9%.
- Loss of substantial portion of sales could lead to financial impact and operational challenges.
- Restructuring operations may lead to decreased employee morale, delays, and failure to meet targets.
- Increased focus on cybersecurity measures and potential financial impact of cyber incidents.
- New credit agreement with Bank of America introduces financial and operating covenants.
- Changes in foreign currency exchange rates could impact reported net sales and earnings.
- Failure to comply with regulations and standards could harm reputation, customer relationships, and profitability.
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=722313&owner=exclude
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