24 unchanged sentences
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
−Removed: To the Board of Directors and Shareholders of Applied Industrial Technologies, Inc.
+Added: To the shareholders and the Board of Directors of Applied Industrial Technologies, Inc.
Opinion on Internal Control over Financial Reporting
19 unchanged sentences
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
−Removed: /s/ Deloitte & Touche LLP
Cleveland, Ohio
1 unchanged sentence
OTHER INFORMATION.
−Removed: During the fiscal quarter ended June 30, 2023, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (in each case, as defined in Item 408 of Regulation S-K).
+Added: During the fiscal quarter ended June 30, 2024, no director or officer of the Company adopted , modified, or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (in each case, as defined in Item 408 of Regulation S-K).
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.
14 unchanged sentences
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.
−Removed: The information required by this Item is incorporated by reference to Applied's proxy statement for the annual meeting of shareholders to be held October 24, 2023, under the caption “Corporate Governance.”
+Added: The information required by this Item is incorporated herein by reference to Applied's proxy statement for the annual meeting of shareholders to be held October 22, 2024, under the caption “Corporate Governance.”
PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Principal accountant, Deloitte & Touche LLP (PCAOB ID No.
−Removed: 34 ), fees and services required by this Item is incorporated by reference to Applied's proxy statement for the annual meeting of shareholders to be held October 24, 2023, under the caption “Item 5 - Ratification of Auditors.”
+Added: 34 ), fees and services required by this Item is incorporated herein by reference to Applied's proxy statement for the annual meeting of shareholders to be held October 22, 2024, under the caption “Item 3 - Vote to Ratify Appointment of Independent Auditors.”
EXHIBITS AND FINANCIAL STATEMENT SCHEDULE.
38 unchanged sentences
(filed as Exhibit 10.1 to the Company's Form 8-K filed November 1, 2022, SEC File No.
−Removed: 1-2299, as incorporated here by reference).
+Added: 1-2299, a nd incorporated here by reference).
4.6 Credit Agreement dated as of December 9, 2021, among Applied Industrial Technologies, Inc., KeyBank National Association as Agent, and various financial institutions (filed as Exhibit 10.1 to the Company's Form 8-K filed December 14, 2021, SEC File No.
1-2299, and incorporated here by reference).
−Removed: 4.7 First Amendment Agreement, dated as of May 12, 2023, among Applied Industrial Technologies, Inc., KeyBank National Association as Agent, and the Lenders set forth therein.
+Added: 4.7 First Amendment Agreement, dated as of May 12, 2023, among Applied Industrial Technologies, Inc., KeyBank National Association as Agent, and the Lenders set forth therein (filed as Exhibit 4.7 to the Company's Form 10-K for the fiscal year ended June 30, 2023 filed August 11, 2023, SEC File No.
+Added: 1-2299, and incorporated here by reference).
4.8 Receivables Financing Agreement dated as of August 31, 2018, among AIT Receivables LLC, as borrower, PNC Bank, National Association, as administrative agent, Applied Industrial Technologies, Inc., as initial servicer, PNC Capital Markets LLC, as structuring agent and the additional persons from time to time party thereto, as lenders (filed as Exhibit 10.1 to Applied's Form 8-K filed September 6, 2018, SEC File No.
4 unchanged sentences
4.10 Amendment No.
−Removed: 2 to Receivables Financing Agreement and Reaffirmation of Performance Guaranty, dated as of May 12, 2023, by and among AIT Receivables, LLC, Applied Industrial Technologies, Inc., PNC Bank, National Association, Regions Bank, and PNC Capital Markets LLC.
+Added: 2 to Receivables Financing Agreement and Reaffirmation of Performance Guaranty, dated as of May 12, 2023, by and among AIT Receivables, LLC, Applied Industrial Technologies, Inc., PNC Bank, National Association, Regions Bank, and PNC Capital Markets LLC (filed as Exhibit 4.10 to the Company's Form 10-K for the fiscal year ended June 30, 2023 filed August 11, 2023, SEC File No.
+Added: 1-2299, and incorporated here by reference).
4.11 Purchase and Sale Agreement dated as of August 31, 2018 among various entities listed on Schedule I thereto (including Applied Industrial Technologies, Inc.), as originators, Applied Industrial Technologies, Inc., as servicer, and AIT Receivables LLC, as buyer (filed as Exhibit 10.2 to Applied's Form 8-K filed September 6, 2018, SEC File No.
30 unchanged sentences
1-2299, and incorporated here by reference).
+Added: *10.8 2023 Long-Term Performance Plan (filed as Exhibit 10.1 to Applied's Form 10-Q for the quarter ended September 30, 2023, SEC File No.
+Added: 1-2299, and incorporated here by reference).
*10.9 Non-Statutory Stock Option Award Terms and Conditions (Directors) (filed as Exhibit 10 to Applied's Form 8-K filed November 30, 2005, SEC File No.
14 unchanged sentences
1-2299, and incorporated here by reference).
−Removed: *10.16 Management Incentive Plan General Terms (filed as Exhibit 10.1 to Applied's Form 10-Q for the quarter ended September 30, 2020, SEC File No.
−Removed: 1-2299, and incorporated here by reference).
+Added: *10.17 Management Incentive Plan General Terms .
+Added: *10.18 Restricted Stock Units Terms and Conditions (August 2024 revision) .
+Added: *10.19 P erformance Shares Terms and Condi tions (August 2024 revision) .
+Added: *10.20 Stock Appreciation Rights Award Terms and Conditions (August 2024 revision) .
*10.21 Key Executive Restoration Plan, as amended and restated (filed as Exhibit 10.1 to Applied's Form 8-K filed August 16, 2013, SEC File No.
1-2299, and incorporated here by reference).
−Removed: *10.18 Schedule of executive officer participants in the Key Executive Restoration Plan, as amended and restated.
−Removed: *10.19 Supplemental Executive Retirement Benefits Plan (Restated Post-2004 Terms), in which Fred D.
−Removed: Bauer participates (filed as Exhibit 10.1 to Applied's Form 10-Q for the quarter ended December 31, 2008, SEC File No.
−Removed: 1-2299, and incorporated here by reference).
−Removed: *10.20 First Amendment to the Applied Industrial Technologies, Inc.
−Removed: Supplemental Executive Retirement Benefits Plan (Restated Post-2004 Terms) (filed as Exhibit 10.1 to Applied's Form 8-K filed December 22, 2011, SEC File No.
−Removed: 1-2299, and incorporated here by reference).
−Removed: *10.21 Second Amendment to the Applied Industrial Technologies, Inc.
−Removed: Supplemental Executive Retirement Benefits Plan (Restated Post-2004 Terms) (filed as Exhibit 10.1 to Applied's Form 8-K filed October 26, 2012, SEC File No.
−Removed: 1-2299, and incorporated here by reference).
−Removed: *10.22 Supplemental Defined Contribution Plan (January 1, 1997 Restatement), the terms of which govern benefits vested as of December 31, 2004, for Fred D.
−Removed: Bauer (filed as Exhibit 10(m) to Applied’s Registration Statement on Form S-4 filed May 23, 1997, Registration No.
−Removed: 333-27801, and incorporated here by reference).
−Removed: *10.23 First Amendment to Supplemental Defined Contribution Plan effective as of October 1, 2000 (filed as Exhibit 10(a) to Applied’s Form 10-Q for the quarter ended September 30, 2000, SEC File No.
−Removed: 1-2299, and incorporated here by reference).
−Removed: *10.24 Second Amendment to Supplemental Defined Contribution Plan effective as of January 16, 2001 (filed as Exhibit 10(a) to Applied's Form 10-Q for the quarter ended March 31, 2001, SEC File No.
+Added: *10.22 Schedule of executive officer participants in the Key Executive Restoration Plan, as amended and restated (filed as Exhibit 10.18 to the Company's Form 10-K for the fiscal year ended June 30, 2023 filed August 11, 2023, SEC File No.
1-2299, and incorporated here by reference).
3 unchanged sentences
1-2299, and incorporated here by reference.)
−Removed: *10.27 Consulting Agreement, dated January 27, 2023, between Applied and Fred Bauer (filed as Exhibit 10.1 to Applied's Form 10-Q for the quarter ended March 31, 2023, SEC File No.
−Removed: 1-2299, and incorporated here by reference).
*10.25 Severance Agreement for Neil A.
17 unchanged sentences
*10.31 A written description of Applied's Retiree Health Care Coverage for Neil A.
−Removed: Schrimsher and Fred D.
−Removed: Bauer (filed as Exhibit 10.35 to Applied's Form 10-K for the year ended June 30, 2017, SEC File No.
+Added: Schrimsher (filed as Exhibit 10.35 to Applied's Form 10-K for the year ended June 30, 2017, SEC File No.
1-2299, and incorporated here by reference).
−Removed: 19 Applied's Insider Trading Policy
+Added: 19 Applied's Insider Trading Policy (filed as Exhibit 19 to the Company's Form 10-K for the fiscal year ended June 30, 2023 filed August 11, 2023, SEC File No.
+Added: 1-2299, and incorporated here by reference).
21 Applied’s subsidiaries at June 30, 202 4 .
4 unchanged sentences
95 Mine safety and health disclosure.
+Added: 97 Policy for the Recovery of Erroneously Awarded Compensation.
101 The following financial information from Applied Industrial Technologies, Inc.'s Annual Report on Form 10-K for the year ended June 30, 2024, formatted in Inline XBRL (Extensible Business Reporting Language) includes:
12 unchanged sentences
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
−Removed: DESCRIPTION Balance at Beginning of Period Additions Charged to Cost and Expenses Additions (Deductions) Charged to Other Accounts Deductions from Reserve Balance at End of Period
+Added: DESCRIPTION Balance at Beginning of Period (Deductions) Additions Charged to Cost and Expenses (Deductions) Additions Charged to Other Accounts Deductions from Reserve Balance at End of Period
Year Ended June 30, 2024
36 unchanged sentences
Schrimsher, President & Chief Executive Officer and Director
−Removed: Wallace, Director and Chairman
+Added: Wallace, Director and Chairman Richard J.
+Added: Simoncic, Director
Ploetz, as attorney in fact
2 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.