Risk Factors Update Summary
- Significant or prolonged periods of higher interest rates would increase servicing costs by $1.9 million.
- Elevated product and logistics costs increased, impacting financial position, results, and operations.
- New legislation on climate change could lead to additional compliance expenditures and increased costs.
- Artificial intelligence may introduce vulnerabilities, leading to sophisticated cybersecurity attacks.
- Increased energy and raw material costs due to climate change laws could impact compliance.
- Inventory levels normalized in 2023 after increasing in 2022 to mitigate supply chain disruptions.
- Potential changes in tax laws, like the Inflation Reduction Act of 2022, could impact financials.
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=1650729&owner=exclude
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