Risk Factors Update Summary
- Climate change impacts may disrupt supply chain and operations, affecting business operations and pricing.
- Addition of climate change-related targets disclosure requirements may have a material adverse effect.
- Increased focus on sustainability by stakeholders may have a material adverse effect on business.
- U.S. banking sector vulnerabilities persist despite improvements; deposit outflows stabilized.
- Proposed SEC rules require climate-related disclosures, impacting financial statements and operations.
- Failure to maintain effective internal control over financial reporting could adversely affect business.
- Acquisition of T R Miller provides new warehouse space and distribution centers in Walpole and Tomball.
- Officers and directors now hold a significant percentage of outstanding shares, increasing control risk.
- Company employed 118 full-time employees, 16 contractors as of March 2024, up from 98 full-time employees in 2023.
- Insider trading policy permits insider trading, with Chairman owning approximately 28.7% shares.
- Company faces competition in the promotional products industry, affecting product costs and financial condition.
- Lack of research coverage by EF Hutton may impact market price and trading volume.
- Company plans to expand in-house warehouse, decoration, and fulfillment capabilities to meet complex demands.
- Future issuances of debt securities could affect the market price of securities.
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=1872525&owner=exclude
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