8 unchanged sentences
Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in “Internal Control — Integrated Framework (2013)” issued by the Committee of Sponsoring Organizations of the Treadway Commission.
−Removed: In making our assessment of the Company’s internal control over financial reporting as of December 31, 2024, we excluded from our assessment the internal control over financial reporting at SNC Manufacturing Co., Inc.
−Removed: (“SNC”), which was acquired on January 11, 2024, whose financial statements collectively constitute 9% and 5% of net and total assets, respectively, and 7% of revenues of the consolidated financial statement amounts as of and for the year ended December 31, 2024.
Based on this assessment, our management concluded that our internal control over financial reporting was effective as of December 31, 2025.
12 unchanged sentences
In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO.
−Removed: We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2024, of the Company and our report dated March 5, 2025, expressed an unqualified opinion on those consolidated financial statements.
−Removed: As described in Management’s Report on Internal Control Over Financial Reporting, management excluded from its assessment the internal control over financial reporting at SNC Manufacturing Co., Inc.
−Removed: (“SNC”), which was acquired on January 11, 2024, and whose financial statements collectively constitute 9% and 5% of net and total assets, respectively, and 7% of revenues of the consolidated financial statement amounts as of and for the year ended December 31, 2024.
−Removed: Accordingly, our audit did not include the internal control over financial reporting at SNC.
+Added: We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2025, of the Company and our report dated March 5, 2026, expressed an unqualified opinion on those financial statements.
Basis for Opinion
15 unchanged sentences
/s/Deloitte & Touche, LLP
−Removed: Williamsville, New York
+Added: Williamsville, NY
March 5, 2026
66 unchanged sentences
Form of Employment Agreement (Entered into with Ashish R.
−Removed: Bendre, Geoffrey C.
−Removed: Rondeau, James A.
+Added: Bendre, James A.
Michaud, Stephen R.
Warzala, and Kenneth A.
−Removed: May each dated March 17, 2021.) (Incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed March 23, 2021.)
+Added: May) (Incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed March 23, 2021.)
Managing Director’s Contract of Employment between Heidrive GmbH and Helmut Pirthauer dated December 3, 2016.
5 unchanged sentences
Third Amendment to Managing Director’s Contract of Employment between Heidrive GmbH and Helmut Pirthauer dated December 18, 2024.
+Added: (Incorporated by reference to Exhibit 10.12 to the Company’s Form 10-K for the year ended December 31, 2024.)
Director Compensation Program, Stock Ownership Requirements and Stock-in-Lieu of Cash Retainer Plan (In corporated by reference to Exhibit 10.2 to the Company’s Form 10-Q for the quarter ended June 30, 2021.
58 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.