Risk Factors Update Summary
- Personally identifiable information breaches may result in obligations under state laws or assisting clients, potentially leading to liability and reputational harm.
- Increased inflation and interest rates could negatively affect liquidity and access to capital.
- Hosting services dependence on Amazon Web Services (AWS) may pose risks due to past significant service outages.
- Covenants in future indebtedness agreements may restrict operations and expose to interest rate risk.
- Labor cost increases due to market tightening could adversely affect business operations and financial condition.
- The company borrowed $50 million under the 2021 Credit Agreement, with an aggregate principal amount of $600 million outstanding.
- The Convertible Senior Notes have a conditional conversion feature that could cause dilution to existing shareholders.
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=860731&owner=exclude
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