Risk Factors Update Summary
- Added mention of violent crime and related matters to geopolitical tensions, impacting markets.
- Terminated license to produce brands in Russia, potentially exposing to legal proceedings.
- Added mention of inflationary pressures on commodities due to supply chain constraints.
- Mentioned increased compliance costs for ESG matters, including fees, licenses, and capital improvements.
- Suspended all exports to Russia in 2022, subsequently terminated license, impacting sales.
- Added potential impacts of artificial intelligence on cybersecurity risks and business operations.
- Increased focus on cybersecurity risks due to remote work arrangements and heightened cyberattacks.
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=24545&owner=exclude
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