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Risk Factors Update Summary
- Implementation of the BEPS framework could increase our worldwide effective tax rate and harm operating results.
- The impacts of global economic conditions could materially adversely affect future sales and operating results.
- An increase in component or design costs relative to product prices could harm gross margins.
- We have seen a reduction in workforce of approximately 9% announced in fiscal 2023.
- In fiscal 2024, we reorganized our sales resources, which included changes to align with market opportunities.
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=1002047&owner=exclude
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