The Company operates the major plants and facilities listed below, all of which are in adequate condition for their current usage and are able to accommodate our capacity needs for the immediate future.
−Removed: Substantially all of the value of the Company's leased plants and facilities relate to the Master Lease with Store Master Funding XII, LLC (“Store”), an affiliate of Store Capital Corporation ("Store Capital") that was entered into in 2016 and amended in 2019 and 2020;
+Added: Substantially all of the value of the Company's leased plants and facilities relate to the Master Lease with Store Master Funding XII, LLC (“Store”), an affiliate of Store Capital Corporation ("Store Capital"), that was entered into in 2016 and since amended, with the latest amendment occurring in 2024;
see Note 7 to the consolidated financial statements included in Item 8 of this Form 10-K for additional information on the Company's leases.
5 unchanged sentences
275,000 73.1 Leased ✔
−Removed: Cleveland, TN Chemical manufacturing and warehousing 143,000 18.8 Leased ✔
Fountain Inn, SC Chemical manufacturing and warehousing 136,834 16.9 Leased ✔
Danville, VA Chemical manufacturing and warehousing 135,811 55.3 Owned ✔
+Added: Cleveland, TN Chemical manufacturing and warehousing 122,800 18.8 Leased ✔
Troutman, NC Manufacturing ornamental stainless steel tube 106,657 26.5 Leased ✔
14 unchanged sentences
2 Company currently subleases facility to a third party
−Removed: 3 Company sold substantially all assets of SPT as of December 22, 2023.
−Removed: The Company remains obligated under the terms of the leases for the rent and other costs that may be associated with the lease of the facilities and is reimbursed for facility lease costs under the transition services agreement executed as part of transaction
−Removed: In addition to the facilities listed above, the Company leases from a third party the Company's executive office located in Oak Brook, Illinois.
+Added: 3 Company sold substantially all assets of SPT as of December 22, 2023 and currently subleases facility to a third party
+Added: In addition to the facilities listed above, the Company leases from a third party the Company's executive office located in Schaumburg, Illinois.
Legal Proceedings
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.