16 unchanged sentences
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of a company’s annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: The following material weaknesses were identified as of December 31, 2024:
+Added: The following material weaknesses were identified:
• We did not design and maintain an effective internal control environment commensurate with the financial reporting requirements of a public company.
11 unchanged sentences
Remediation Status of Material Weaknesses
−Removed: We have taken, and continue to take, steps to address the underlying causes of the material weaknesses, including the following:
−Removed: • We hired additional experienced financial reporting personnel and put new processes in place to achieve complete, accurate and timely financial reporting.
−Removed: • We also hired a third-party consulting firm with expertise to help us design, implement and document our internal controls in response to the material weaknesses.
−Removed: • We increased the training of accounting and finance staff related to internal control over financial reporting.
−Removed: • We are in the process of formalizing and performing a risk assessment process that includes the identification and walkthrough of key business processes to ensure controls are designed and implemented in response to identified risks.
−Removed: • We continue with the process to (i) identify key systems and processes that require the design and implementation of new controls and enhanced documentation related to existing controls, (ii) design and implement controls for segregation of duties, (iii) assess the design of ITGCs and (iv) implement an enterprise resource planning (“ERP”) system.
−Removed: • We are completing a segregation of duties assessment and identifying key conflicts and mitigating controls.
−Removed: • We are developing policies and procedures for the periodic user access review of all users with access to financially relevant systems.
−Removed: While the material weaknesses have not been remediated as of December 31, 2024, management is devoting substantial resources to the ongoing remediation efforts.
+Added: Since the material weaknesses were identified, we have taken, and continue to take, steps to address the underlying causes of the material weaknesses, including the following:
+Added: • We made significant progress in identifying, designing and implementing internal controls in response to the material weaknesses.
+Added: With the assistance of our third-party consulting partner, we have commenced testing of the design and operating effectiveness of controls across the Company’s key business process and IT controls.
+Added: • We hired additional experienced financial reporting and information technology personnel and put new processes in place to achieve complete, accurate and timely financial reporting.
+Added: • We increased the training of accounting, finance and IT staff related to internal control over financial reporting, including providing additional IT training to support the enhanced control framework.
+Added: • We formalized and performed a SOX risk assessment process that includes the identification and walkthrough of key business processes to ensure controls are designed and implemented in response to identified risks.
+Added: • We made significant progress to (i) identify key systems and processes that require the design and implementation of new controls and enhanced documentation related to existing controls, (ii) design and implement controls for segregation of duties, (iii) assess the design of ITGCs and (iv) implement an enterprise resource planning (“ERP”) system.
+Added: Our new global ERP system is implemented across a majority of the Company’s operations, with remaining implementation activity expected in 2026.
+Added: Additionally, we have implemented ITGCs for all in-scope accounting and financial management systems, including obtaining and evaluating and SOC 1 Type II reports for third-party solutions.
+Added: • We completed an initial segregation of duties assessment to identify key conflicts and are in the process of designing and implementing mitigating controls and revised system access levels.
+Added: We will continue to implement processes and controls to address segregation of duties risks, including enhancing the monitoring of usage of technology within systems, applications and tools.
+Added: • We have developed policies and procedures for the periodic user access review of all users with access to financially relevant systems, and such access reviews will be performed regularly to assess the appropriateness of users and roles in key systems.
+Added: While the material weaknesses have not been remediated as of December 31, 2025, management is devoting substantial resources to the ongoing remediation efforts and is targeting remediation by the end of the fiscal year ending December 31, 2026.
As we continue to evaluate and work to improve our internal control over financial reporting, we may take additional measures to address control deficiencies, or we may modify certain of the remediation measures described above.
1 unchanged sentence
Changes in Internal Control over Financi al Reporting
−Removed: There were no changes in our internal control over financial reporting during the quarterly period ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: Except for the actions described above for material weakness remediation, there were no changes in our internal control over financial reporting during the quarterly period ended December 31, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
OTHER INFORMATION
61 unchanged sentences
8-K 001-40828 May 30, 2023 10.1
−Removed: A mendment No.
+Added: Amendment No.
2 to the a.k.a.
3 unchanged sentences
Form of Incentive Stock Option Agreement
−Removed: 001-40828 January 13, 2025 10.2
+Added: September 23, 2021 10.2
Form of Restricted Stock Unit Agreement
8 unchanged sentences
March 9, 2023 10.11
−Removed: E mployment Agreement, dated January 13, 2025, by and betw een a.k.a.
+Added: Employment Agreement, dated January 13, 2025, by and between a.k.a.
and Ciaran Long
January 13, 2025 10.1
−Removed: E mployment Agreement, dated January 13, 2025, by and between a.k.a.
+Added: Employment Agreement, dated January 13, 2025, by and between a.k.a.
and Kevin Grant
3 unchanged sentences
S-1 333-259028 August 24, 2021 10.12
−Removed: E mployment Agreement , dated April 12, 2024, by and between a.k.a.
+Added: Employment Agreement, dated April 12, 2024, by and between a.k.a.
and Kenneth C.
3 unchanged sentences
001-40828 November 9, 2023 10.1
−Removed: I nsider Trading Policy
+Added: 10.18 Amended and Restated Credit Agreement, dated as of October 14, 2025, by and among a.k.a.
+Added: Brands Midco Holding Corp., KeyBank National Association and the other signatories party thereto
+Added: 001-40828 October 15, 2025 10.1
+Added: 19.1 Insider Trading Policy
+Added: 10-K 001-40828 March 6, 2025 19.1
21.1* Subsidiaries of a.k.a.
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23.1* Consent of Independent Registered Public Accounting Firm
−Removed: C onsent of Independent Registered Public Accounting Firm
+Added: Consent of Independent Registered Public Accounting Firm
31.1* Certification of Chief Executive Officer (Principal Executive Officer) pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
59 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.