13 added · 9 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
Further, the emergence and maturation of AI capabilities may lead to new or more sophisticated methods of attack, including fraud or phishing attempts that rely upon "deep fake" impersonation technology or other forms of generative technology that may increase the efficiency or effectiveness of cybersecurity attacks.
AI is also increasingly being used by malicious actors to create more targeted cybersecurity attacks and spread disinformation.
These factors could have a material adverse impact on our ability to increase or maintain our international sales. 6 Table of Contents Our sales and operations may be adversely affected by supply chain disruptions due to political unrest, terrorist acts, and national and international conflicts.
Cybersecurity attacks and intrusion efforts are continuous and constantly evolving, making it more difficult to successfully defend against them or to implement adequate preventative measures, and in certain cases they have been successful at the most robust institutions.
In addition, certain of our financial transactions such as our credit agreement have, or in the future could have, interest rates that are tied to reference rates such as the Secured Overnight Financing Rate (“SOFR”).
We believe we have reliable sources of supply for our raw materials under normal market conditions. 9 Table of Contents We cannot, however, predict the likelihood or impact of any future raw material shortages.
The volatility and availability of such reference rates, including the use of alternative reference rates, are outside of our control and the consequences are not entirely predictable.
Our international operations subject us to currency translation risk and currency transaction risk which could cause our results to fluctuate from period to period.
Our networking infrastructure and related assets may be subject to unauthorized access by hackers, employee error or malfeasance or other unforeseen activities.
Any shortages or unforeseen price increases could have a material adverse impact on our results of operations.
Our financial success depends in part on the reliability and sufficiency of our manufacturing facilities.
We may be subject to risks relating to our information technology and operational technology systems.
No longer disclosed
Any shortages or unforeseen price increases could have a material adverse impact on our results of operations. 10 Table of Contents Our international operations subject us to currency translation risk and currency transaction risk which could cause our results to fluctuate from period to period.
Further, due to the cessation of the London Interbank Offered Rate (“LIBOR”), we have entered into financial transactions such as credit agreements that use the Secured Overnight Financing Rate (“SOFR”) as interest rate benchmarks.
SOFR is calculated differently from LIBOR and has inherent differences which could give rise to uncertainties, including the limited historical data and volatility in the benchmark rates.
Our sales and operations may be adversely affected by supply chain disruptions due to political unrest, terrorist acts, and national and international conflicts.
Cybersecurity attacks and intrusion efforts are continuous and evolving, and in certain cases they have been successful at the most robust institutions.
These factors could have a material adverse impact on our ability to increase or maintain our international sales.
We believe we have reliable sources of supply for our raw materials under normal market conditions.
We cannot, however, predict the likelihood or impact of any future raw material shortages.
The full effects of the transition to SOFR or other rates remain uncertain.