Risk Factors Update Summary
- Customer consolidation trend increases dependency on fewer customers, impacting pricing and sales concentration.
- Revenue concentration decreased from 36% to 32% with the top five customers in 2020.
- Completed private offering of $460.0 million convertible senior unsecured notes with a strike price of $40 per share.
- Acquisition of 10% equity in Technoprobe may restrict transfer or disposition of shares for three years.
- Share repurchase program: $400.5 million repurchased in 2023, with plans to repurchase up to $90.0 million in 2024.
- Supply chain challenges in 2023 led to increased lead times and costs, impacting operations and costs.
- Tax holiday extension in Singapore for 2023 resulted in $1.4 million or $0.01 per diluted share.
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=97210&owner=exclude
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