Private company
SIGMATRON INTERNATIONAL INC
American printed circuit boards company based in Elk Grove Village2
In its 2025 annual report the company says: “The Company currently operates in one reportable segment as an independent provider of electronic manufacturing services and provides manufacturing and assembly services ranging from the assembly of individual components to the assembly and testing of box-build electronic products. The Company has the ability to produce assemblies requiring mechanical as well as electronic capabilities.”6
Last updated Oct 20, 2026.
Overview
- IndustryPrinted Circuit Boards2
- HeadquartersElk Grove Village, United States2
- Incorporated inDE4
- Business address2201 Landmeier Rd, Elk Grove Village, Il 600074
- Filer categoryNon-accelerated filer, Smaller reporting company4
- Legal formCorporation2
- LEI52990038RIWCDHP8G1172
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o CORPDIRECT AGENTS, INC., 160 GREENTREE DR STE 101, 19904 Dover, United States2
- Registered withDivision of Corporations, Department of State, 23596322
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SigmaTron is a Delaware corporation, which was organized on November 16, 1993, and commenced operations when it became the successor to all of the assets and liabilities of SigmaTron L.P., an Illinois limited partnership, through a reorganization on February 8, 1994, as part of going public.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $278.1M7 | $290.6M8 | $08 | $09 | $010 | $011 | $012 | $03 |
| Cost of revenue | $251.5M7 | $264.2M8 | $255.9M9 | $252.8M10 | $333.9M11 | $363.0M12 | $340.4M3 | $277.4M3 |
| Gross profit | $26.6M7 | $26.3M8 | $25.1M9 | $25.0M10 | $44.4M11 | $51.5M12 | $33.5M3 | $27.3M3 |
| Selling, general and admin | $23.1M7 | $23.3M8 | $22.3M9 | $21.6M10 | $26.0M11 | $26.5M12 | $26.4M3 | $25.5M3 |
| Operating income | -$2.9M7 | $3.1M8 | $2.8M9 | $3.4M10 | $18.4M11 | $25.0M12 | $7.1M3 | $1.8M3 |
| Interest | $1.5M7 | $2.4M8 | $1.8M9 | $1.2M10 | $1.5M11 | $8.4M12 | $10.4M3 | $13.8M3 |
| Income before tax | $23.3M11 | $17.2M12 | -$2.8M3 | -$3.9M3 | ||||
| Income tax | -$1.1M7 | $1.7M8 | $650.0K9 | $557.7K10 | $5.0M11 | $3.0M12 | -$275.3K3 | $6.3M3 |
| Net income | -$3.2M7 | -$865.1K8 | $443.1K9 | $1.5M10 | $9.9M11 | -$20.6M12 | -$2.5M3 | -$10.3M3 |
| Earnings per share | -$0.777 | -$0.208 | $0.109 | $0.3610 | $2.0411 | -$3.3912 | -$0.413 | -$1.633 |
| Earnings per share (diluted) | -$0.777 | -$0.208 | $0.109 | $0.3610 | $1.9211 | -$3.3912 | -$0.413 | -$1.633 |
| Shares (weighted, basic) | 4.8M shares11 | 6.1M shares12 | 6.1M shares3 | 6.3M shares3 | ||||
| Shares (weighted, diluted) | 5.1M shares11 | 6.1M shares12 | 6.1M shares3 | 6.3M shares3 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $1.7M15 | $1.0M9 | $6.8M10 | $3.0M11 | $2.5M12 | $819.1K3 | $2.4M3 | $3.0M3 |
| Receivables | $41.1M11 | $46.3M12 | $32.0M3 | $33.4M3 | ||||
| Inventory | $164.7M11 | $165.6M12 | $128.9M3 | $107.7M3 | ||||
| Current assets | $120.0M7 | $123.5M8 | $130.6M9 | $141.6M10 | $218.9M11 | $220.5M12 | $175.9M3 | $154.1M3 |
| Property, plant and equipment | $35.8M11 | $35.8M12 | $33.8M3 | $27.7M3 | ||||
| Goodwill | $13.3M10 | |||||||
| Intangible assets | $1.7M11 | $1.3M12 | $979.2K3 | $654.5K3 | ||||
| Total assets | $161.2M7 | $161.5M8 | $176.1M9 | $194.2M10 | $293.6M11 | $268.6M12 | $223.8M3 | $194.6M3 |
| Short-term debt | $7.0M11 | $52.8M12 | $66.2M3 | $50.6M3 | ||||
| Current liabilities | $59.4M7 | $55.6M8 | $70.0M9 | $85.3M10 | $132.5M11 | $152.3M12 | $145.9M3 | $126.4M3 |
| Long-term debt | $36.8M7 | $42.7M8 | $38.5M9 | $34.8M10 | $60.1M11 | $40.5M12 | $3.3M3 | $2.0M3 |
| Long-term liabilities | $72.8M11 | $48.2M12 | $11.8M3 | $11.3M3 | ||||
| Total liabilities | $102.4M7 | $103.2M8 | $117.2M9 | $133.6M10 | $205.3M11 | $200.5M12 | $157.7M3 | $137.8M3 |
| Retained earnings | $46.6M11 | $26.0M12 | $23.6M3 | $13.3M3 | ||||
| Shareholders’ equity | $58.8M8 | $58.3M9 | $58.9M10 | $60.5M11 | $88.3M12 | $68.1M3 | $66.1M3 | $56.8M3 |
| Shares outstanding | 4.2M shares15 | 4.2M shares7 | 4.3M shares8 | 4.3M shares9 | 6.1M shares10 | 6.1M shares11 | 6.1M shares16 | 6.1M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Corporate structure
SIGMATRON INTERNATIONAL INC sits at the top of its group. 7 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SIGMATRON INTERNATIONAL INC
- Beryl Capital Management LLC Filed SCHEDULE 13G/A on SIGMATRON INTERNATIONAL INC, latest Nov 14, 2025 (2 filings since May 29, 2025)
- TCW GROUP INC Filed SCHEDULE 13G on SIGMATRON INTERNATIONAL INC, latest May 1, 2025
- Peter John Abrahamson Filed SCHEDULE 13G/A on SIGMATRON INTERNATIONAL INC, latest Jan 24, 2025 (4 filings since Jan 31, 2022)
- Terry B. Anderton Filed SC 13G/A on SIGMATRON INTERNATIONAL INC, latest Feb 10, 2023 (2 filings since Sep 14, 2022)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on SIGMATRON INTERNATIONAL INC, latest Feb 11, 2022
- SIGMATRON INTERNATIONAL INC Elk Grove Village, Illinois, United States
- AbleMex, S.A. de C.V. Subsidiary · Mexico
- Digital Appliance Controls de Mexico, S.A. de C.V. Subsidiary · Mexico
- SigmaTron Electronic Technology Co., Ltd. Subsidiary · China
- Spitfire Controls (Vietnam) Co. Ltd. Subsidiary · Vietnam
- Standard Components de Mexico S.A. Subsidiary · Mexico
- Wujiang SigmaTron Electronics Co., Ltd. Subsidiary · China
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SIGMATRON INTERNATIONAL INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $128.7M3 Apr 30, 2025 | $131.3M3 Apr 30, 2024 | −1.9% |
| Accumulated depreciation | $101.0M3 Apr 30, 2025 | $97.5M3 Apr 30, 2024 | +3.6% |
| Property and equipment, net | $27.7M3 Apr 30, 2025 | $33.8M3 Apr 30, 2024 | −17.9% |
| Operating-lease assets (leased space) | $10.9M3 Apr 30, 2025 | $7.5M3 Apr 30, 2024 | +45.7% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $654.5K3 Apr 30, 2025 | $979.2K3 Apr 30, 2024 | −33.2% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $107.7M3 Apr 30, 2025 | $128.9M3 Apr 30, 2024 | −16.4% |
| Raw materials | $87.8M3 Apr 30, 2025 | $108.2M3 Apr 30, 2024 | −18.8% |
| Work in process | $4.0M3 Apr 30, 2025 | $4.5M3 Apr 30, 2024 | −11.3% |
| Finished goods | $18.3M3 Apr 30, 2025 | $18.5M3 Apr 30, 2024 | −0.6% |
Properties, in its own words
The Company’s EMS business is operated through its manufacturing facilities located in Elk Grove Village, Illinois U.S., Union City, California U.S.; Acuna, Coahuila, Mexico, Chihuahua, Chihuahua, Mexico and Tijuana, Baja California, Mexico; Bien Hoa City, Dong Nai Province, Vietnam and Suzhou, Jiangsu Province, China. In addition, the Company maintains an IPO in Taipei, Taiwan. The Company provides design services in Elk Grove Village, Illinois, U.S. The Company has an information technology office in Taichung, Taiwan.
Certain information about the Company’s manufacturing, warehouse, purchasing and design facilities is set forth below:
The rest of Item 2
Location · Square Feet · Services Offered · Owned/Leased
Suzhou, China · 216,950 · Electronic and electromechanical manufacturing solutions · ****
Acuna, Mexico · 128,440 · Electronic and electromechanical manufacturing solutions · Owned**
Elk Grove Village, IL · 124,300 · Corporate headquarters, electronic and electromechanical manufacturing solutions and warehousing · Leased
Chihuahua, Mexico · 121,000 · Electronic and electromechanical manufacturing solutions · Leased
Union City, CA · 117,000 · Electronic and electromechanical manufacturing solutions · Leased
Tijuana, Mexico · 112,100 · Electronic and electromechanical manufacturing solutions · Leased
San Diego, CA · 30,240 · Warehousing and distribution · Leased
Del Rio, TX · 30,000 · Warehousing and distribution · Leased
Del Rio, TX · 28,000 · Warehousing and distribution · Owned
Bien Hoa City, Vietnam · 24,475 · Electronic and electromechanical manufacturing solutions · Leased
El Paso, TX · 18,200 · Warehousing and distribution · Leased
Del Rio, TX · 16,000 · Warehousing and distribution · Leased
Taipei, Taiwan · 4,685 · International procurement office · Leased
Taichung, Taiwan · 1,650 · Information technology office · Leased
*The Company’s Suzhou, China buildings are owned by the Company and the land is leased from the Chinese government for a 50 year term ending on July 15, 2053.
**A portion of the facility is leased and the Company has an option to purchase it.
***Total square footage includes 70,000 square feet of dormitories.
The Union City and San Diego, California, U.S., Tijuana, Baja California and Chihuahua, Chihuahua Mexico, Bien Hoa City, Dong Nai Province, Vietnam, Del Rio and El Paso, Texas, U.S., and Elk Grove Village, Illinois, U.S. properties are occupied pursuant to leases of the premises. The lease agreement for the El Paso, Texas, U.S. property expires January 2030. The lease agreement for the Del Rio, Texas, U.S. property expires November 2025. The lease agreement for the San Diego, California, U.S. property expires December 2034. The lease agreement for the Union City, California, U.S. property expires June 2026. The lease agreement for the Elk Grove Village, Illinois, U.S. property expires December 2027. The Chihuahua, Mexico lease expires April 2026. The Tijuana, Baja California, Mexico lease expires November 2029. The lease agreement for the Bien Hoa City, Dong Nai Province, Vietnam property expires July 2028. The Company’s manufacturing facility located in Acuna, Coahuila, Mexico, is owned by the Company, except for a portion of the facility that is leased. The Company has an option to buy the leased portion of the facility in Acuna, Coahuila, Mexico. The property in Del Rio, Texas, U.S. is financed under a separate mortgage loan agreement. The Company leases the IPO office in Taipei, Taiwan to coordinate southeast Asia purchasing and logistics activities. The Company leases the information technology office in Taichung, Taiwan. The Company believes its current facilities are adequate to meet its current needs. In addition, the Company believes it can find alternative facilities to meet its needs in the future, if required.
Item 2 of the 10-K filed Aug 27, 2025.6
Leadership
Who has led SIGMATRON INTERNATIONAL INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerGary R. Fairhead Apr 19, 2006 to now17
- PresidentJohn P. Sheehan Sep 21, 2023 to now18
- PresidentJames E. Barnes Dec 21, 2021 to May 3, 202219
- PresidentGary R. Fairhead Apr 19, 2006 to Jul 19, 202117
- Chief financial officerFrank Cesario Nov 15, 2024 to now20
- Chief financial officerLinda K. Frauendorfer Mar 15, 2011 to Sep 17, 202121
Board members and other officers (15)
- Executive V.P. of OperationsJames E. Barnes Dec 18, 2018 to Jul 19, 202122
- V.P. China OperationsHom-Ming Chang Aug 13, 2014 to May 3, 202223
- V.P. Director of MaterialsJohn P. Sheehan Jan 13, 2012 to Jul 20, 202324
- V.P., Acuna OperationsDaniel P. Camp Jan 24, 2012 to May 3, 202225
- Executive Vice PresidentRaj B. Upadhyaya Oct 9, 2012 to Jul 20, 202326
- Executive V.P. OperationsGregory A. Fairhead Mar 15, 2011 to May 3, 202227
- Board memberJohn P. Sheehan Jul 28, 2025 to now28
- Board memberDilip S. Vyas Mar 26, 2014 to now29
- Board memberThomas W. Rieck Mar 26, 2014 to now30
- Board memberLinda K. Frauendorfer Oct 9, 2012 to Oct 3, 202331
- Board memberBarry R. Horek Sep 26, 2011 to Jan 7, 202232
- Board memberBruce J. Mantia Sep 26, 2011 to now33
- Board memberPaul J. Plante Sep 26, 2011 to now34
- Board memberFranklin D. Sove Oct 27, 2008 to Oct 27, 200835
- Board memberGary R. Fairhead Apr 19, 2006 to now17
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- AbleMex, S.A. de C.V. Mexico5
- Digital Appliance Controls de Mexico, S.A. de C.V. Mexico5
- SigmaTron Electronic Technology Co., Ltd. China5
- Spitfire Controls (Vietnam) Co. Ltd. Vietnam5
- Standard Components de Mexico S.A. Mexico5
- Wujiang SigmaTron Electronics Co., Ltd. China5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 28, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer36
- Jun 20, 20258-K Other events37
- May 27, 20258-K Executive or director change38
- May 21, 20258-K Other events39
- May 21, 20258-K Entered a material agreement; Other events40
- May 6, 20258-K Executive or director change41
- Mar 14, 20258-K Results of operations42
- Dec 20, 20248-K Results of operations43
- Dec 12, 20248-K Executive or director change44
- Nov 14, 20248-K Executive or director change45
- Oct 23, 20248-K Shareholder vote46
- Sep 19, 20248-K Results of operations47
- Apr 19, 2006New chief executive Gary R. Fairhead becomes CEO17
Calendar
When it reported results
- Mar 14, 2025Reported quarterly or annual results42
- Dec 20, 2024Reported quarterly or annual results43
- Sep 19, 2024Reported quarterly or annual results47
- Sep 3, 2024Reported quarterly or annual results48
- Mar 8, 2024Reported quarterly or annual results49
- Dec 8, 2023Reported quarterly or annual results50
- Sep 11, 2023Reported quarterly or annual results51
- Jul 20, 2023Reported quarterly or annual results52
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
172 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 50 major events, 60 insider forms, 10 large holders, 36 other. The latest 20:
- Nov 14, 2025SCHEDULE 13G/A EDGAR
- Aug 28, 202515-12G EDGAR
- Aug 27, 202510-K EDGAR
- Jul 28, 202525-NSE EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 20254 EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 2025S-8 POS EDGAR
- Jul 28, 20258-K EDGAR
- Jul 25, 2025SC 14D9/A EDGAR
The 172 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
18 open-market trades by officers, directors and large owners since October 2021: 0 buys and 18 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 28, 2021 | SHEEHAN JOHN PPresident | Sale | 5,983 | $12.01 | $71.9K | Form 4 |
| Dec 27, 2021 | SHEEHAN JOHN PPresident | Sale | 4,017 | $12.02 | $48.3K | Form 4 |
| Dec 23, 2021 | Frauendorfer Linda KDirector | Sale | 3,233 | $11.80 | $38.1K | Form 4 |
| Dec 23, 2021 | Frauendorfer Linda KDirector | Sale | 500 | $11.81 | $5.9K | Form 4 |
| Dec 17, 2021 | Frauendorfer Linda KDirector | Sale | 3,100 | $12.31 | $38.2K | Form 4 |
| Dec 17, 2021 | Barnes James E.President | Sale | 2,200 | $12.50 | $27.5K | Form 4 |
| Dec 16, 2021 | Frauendorfer Linda KDirector | Sale | 8,147 | $11.81 | $96.2K | Form 4 |
| Dec 16, 2021 | Frauendorfer Linda KDirector | Sale | 8,147 | $12.23 | $99.7K | Form 4 |
| Dec 16, 2021 | Frauendorfer Linda KDirector | Sale | 8,147 | $12.53 | $102.1K | Form 4 |
| Dec 16, 2021 | Frauendorfer Linda KDirector | Sale | 559 | $13.60 | $7.6K | Form 4 |
| Oct 21, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 8,500 | $9.85 | $83.7K | Form 4 |
| Oct 21, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 3,494 | $9.85 | $34.4K | Form 4 |
| Oct 20, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 100 | $9.50 | $950 | Form 4 |
| Oct 19, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 272 | $9.51 | $2.6K | Form 4 |
| Oct 18, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 2,056 | $9.55 | $19.6K | Form 4 |
| Oct 18, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 3,445 | $9.55 | $32.9K | Form 4 |
| Oct 8, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 1,850 | $9.37 | $17.3K | Form 4 |
| Oct 8, 2021 | Upadhyaya Raj BExecutive Vice President | Sale | 2,955 | $9.31 | $27.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Beryl Capital Management LLCSCHEDULE 13G/A, 2 filings May 29, 2025 to Nov 14, 202553
- TCW GROUP INCSCHEDULE 13G, 1 filing May 1, 202554
- Peter John AbrahamsonSCHEDULE 13G/A, 4 filings Jan 31, 2022 to Jan 24, 202555
- Terry B. AndertonSC 13G/A, 2 filings Sep 14, 2022 to Feb 10, 202356
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 1 filing Feb 11, 202257
SEC filer profile
How SIGMATRON INTERNATIONAL INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSIGMATRON INTERNATIONAL INC1
- CIK0000915358
- Employer ID (EIN)36-39184706
- Filer statusNon-accelerated filer not an emerging growth company6
- Incorporated inDelaware6
- Fiscal year endsApril 301
- Industry code (SIC)3672 Printed Circuit Boards1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address2201 Landmeier Rd, Elk Grove Village, IL 600071
- Mailing address2201 Landmeier Road, Elk Grove Village, IL 600071
- Phone847-956-80001
- Shares outstanding6,119,288 shares as of Jul 28, 20256
- Public float$14.4M as of Oct 31, 20246
- AuditorBDO USA, P.C, Chicago, Illinois PCAOB ID 243; no auditor attestation of internal control over financial reporting6
- On EDGAR sinceAug 16, 19961
- Filings877 in all: 4 (379), 8-K (180), 10-Q (87), SC 13G/A (49), DEF 14A (29), 10-K (25), 4/A (14), SD (12)1
All 38 form types
3 (9), SC 13D/A (9), SC 13G (9), 8-K/A (8), 10-K/A (7), S-8 POS (7), S-8 (6), NT 10-K (5), 10-K405 (4), D (4), NT 10-Q (4), PRE 14A (4), ARS (2), SC 13D (2), SC 14D9/A (2), SC TO-T/A (2), SC14D9C (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), UPLOAD (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), CORRESP (1), DEFA14A (1), SC 14D9 (1), SC TO-C (1), SC TO-I (1), SC TO-I/A (1), SC TO-T (1)
- Latest filingsAnnual report (10-K) Aug 27, 2025
Quarterly report (10-Q) Mar 14, 2025
Proxy statement (DEF 14A) Sep 20, 2024
Latest 8-K (8-K) Jul 28, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock $0.01 par value per share | SGMA | Nasdaq |
From the cover page of the 10-K filed Aug 27, 2025 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks SIGMATRON INTERNATIONAL INC names in Item 1A of its 10-K filed Aug 27, 2025: 38 risks under these headings, as written.6
- Business and Operational Risks
- Raw material price increases and supply shortages could adversely affect results.
- The Company experiences volatile operating results.
- Most of the Company’s customers’ production schedules are volatile, which makes it difficult to schedule production and achieve maximum efficiency at the Company’s manufacturing facilities and manage inventory levels.
- The Company’s inventory levels have been adversely impacted by the global supply chain crisis, with an unprecedented impact on working capital requirements.
- If our manufacturing processes and services do not comply with applicable statutory and regulatory requirements, or if we manufacture products containing design or manufacturing defects, demand for our services may decline and we may be subject to liability claims.
- We have, and may in the future, encounter complications with acquisitions, which could potentially harm our business.
- We are subject to increased regulatory compliance costs associated with climate change and to the potential impacts of severe weather events.
- Market Risks
- Adverse market conditions could reduce our future sales and earnings per share.
- Persistent inflation could have a material adverse impact on our business, operating results and financial condition.
- Our customers have competitive challenges, that could include decreasing demand from their customers, rapid technological changes, and pricing pressures, which could adversely affect their business and the Company’s business.
The other 28 risks
- Our exposure to financially troubled customers or suppliers may adversely affect the Company’s financial results.
- The Company’s customer base is concentrated.
- The Company faces intense industry competition and downward pricing pressures.
- Customer relationships with start-up companies present more risk.
- International Operations Risks
- The Company has significant foreign operations that may pose additional risks.
- There is a risk of fluctuation of various currencies integral to the Company’s operations.
- Unanticipated changes in our tax position, the adoption of new tax legislation or exposure to additional tax liabilities could adversely affect our financial results.
- Although forgiven, the Company’s Paycheck Protection Program Loan (“PPP Loan”) remains subject to audit.
- Financing and Capital Risks
- If we fail to comply with our credit agreements in future periods, we may be unable to secure any necessary waivers or amendments from the lenders and repayment obligations on our outstanding indebtedness may be accelerated.
- The Company’s current credit facilities may become unavailable.
- We may fail to secure or maintain necessary additional financing or capital.
- Increasing interest rates for our borrowings could adversely affect our results of operations.
- The price of the Company’s stock is volatile.
- Regulatory and Legal Risks
- Changes in U.S. trade policy, including the imposition of tariffs and the resulting consequences, may have a material adverse impact on our business and results of operations.
- Changes in securities laws and regulations may increase the Company’s compliance efforts and costs.
- Conflict Minerals regulations may cause the Company to incur additional expenses and could increase the cost of components contained in its products and adversely affect its inventory supply chain.
- The Company’s operations are subject to numerous other regulations and failure to comply with all applicable regulations could subject the Company to liability.
- Any litigation, even where a claim is without merit, could result in substantial costs and diversion of resources.
- Failure to protect our intellectual property could undermine our competitive position.
- Technology Risks
- It is increasingly difficult to protect the Company’s Information Technology (“IT”) systems.
- If the security of the Company’s IT systems is breached or otherwise subjected to unauthorized access, the Company’s reputation may be severely harmed and it may be exposed to liability.
- The Company and its customers may be unable to keep current with the industry’s technological changes.
- Human Capital Risks
- The Company depends on management and skilled personnel.
- Favorable labor relations are important to the Company, and failures to comply with domestic or international employment laws could result in significant damages.
- Accounting Risks
- The Company has intangible assets, and future impairment of these assets could have a material adverse impact on the Company's financial results.
- Disclosure and internal controls may not detect all errors or fraud.
- We have identified material weaknesses in our internal control over financial reporting. If our remediation of the material weaknesses is not effective, or if we experience additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls in the future, we may not be able to accurately or timely report our financial condition or results of operations.
- Changes in financial accounting standards may affect our reported financial condition or results of operations as well as increase costs related to implementation of new standards and modifications to internal controls.
Legal proceedings
From time to time the Company is involved in legal proceedings, claims or investigations that are incidental to the conduct of the Company’s business. In future periods, the Company could be subjected to cash cost or non-cash charges to earnings if any of these matters are resolved on unfavorable terms. However, although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including management’s assessment of the merits of any particular claim, the Company does not expect that these legal proceedings or claims will have any material adverse impact on its future consolidated financial position or results of operations. See Note P – Litigation, for more information.
The opening of Item 3, Legal Proceedings.6
Sources
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- 18SEC EDGARJohn P. Sheehan, President
- 19SEC EDGARJames E. Barnes, President
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- 28SEC EDGARJohn P. Sheehan, Board member
- 29SEC EDGARDilip S. Vyas, Board member
- 30SEC EDGARThomas W. Rieck, Board member
- 31SEC EDGARLinda K. Frauendorfer, Board member
- 32SEC EDGARBarry R. Horek, Board member
- 33SEC EDGARBruce J. Mantia, Board member
- 34SEC EDGARPaul J. Plante, Board member
- 35SEC EDGARFranklin D. Sove, Board member
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- 37SEC EDGAROther events
- 38SEC EDGARExecutive or director change
- 39SEC EDGAROther events
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- 41SEC EDGARExecutive or director change
- 42SEC EDGARResults of operations
- 43SEC EDGARResults of operations
- 44SEC EDGARExecutive or director change
- 45SEC EDGARExecutive or director change
- 46SEC EDGARShareholder vote
- 47SEC EDGARResults of operations
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