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We, like other companies in our industry, face several cybersecurity risks in connection with our business.
−Removed: Our business strategy, results of operations, and financial condition have not, to date, been affected by risks from cybersecurity threats.
−Removed: During the fiscal year ended May 31, 2025, we have not experienced any material cyber incidents, nor have we experienced a series of immaterial incidents, which would require disclosure.
+Added: To date, we have not identified any cybersecurity incidents that have materially affected our business strategy, results of operations, or financial condition.
+Added: During the fiscal year ended May 31, 2026, we did not identify any cybersecurity incidents that we determined to be material, individually or in the aggregate.
In the ordinary course of our business, we collect and store sensitive data, including intellectual property.
To effectively prevent, detect, and respond to cybersecurity threats, we maintain a cyber risk management program, which is comprised of a wide array of policies, standards, architecture, and processes.
−Removed: The cyber risk management program falls under the responsibility of our Vice President of Security who has over 19 years of experience in cybersecurity and compliance.
−Removed: Under the guidance of a third party consultant and our Vice President of Security, we developed and maintain policies, standards, and processes in a manner consistent with applicable legal requirements.
−Removed: We utilize a third party, and our in-house staff for monitoring and support of security incident management and user support.
+Added: The program includes defined incident detection, response, and escalation procedures, including processes for assessing severity, containing threats, notifying appropriate stakeholders, and complying with applicable regulatory requirements.
+Added: Our cybersecurity risk management program is overseen by our Vice President of Data Center Technology and our Vice President of Compliance and Enterprise Risk.
+Added: The Vice President of Data Center Technology is responsible for the Company's cybersecurity strategy, technical controls, and operational cybersecurity capabilities, while the Vice President of Compliance and Enterprise Risk oversees cybersecurity governance, risk management, and compliance activities.
+Added: Together, they oversee the Company's cybersecurity risk management processes and are supported by third-party cybersecurity advisors.
+Added: We leverage both third-party service providers and internal personnel to support continuous monitoring, detection, and incident response activities.
+Added: We maintain processes to evaluate and monitor cybersecurity risks associated with third-party service providers, including due diligence procedures, contractual security requirements, and periodic reviews based on vendor criticality.
We have implemented and maintain a cybersecurity risk management program that is designed to identify, assess, and mitigate risks from cybersecurity threats to this data and our systems and ensure the effectiveness of our security controls.
Our cybersecurity risk management program is intended to address applicable SOC2 and SOX requirements.
−Removed: Our cybersecurity risk management program incorporates several components, including information security program assessments, a risk register, continuous monitoring of critical risks from cybersecurity threats using automated tools, backup testing, periodic threat testing, and employee training.
+Added: Our cybersecurity risk management program incorporates several components, including information security program assessments, a risk register, continuous monitoring of critical risks from cybersecurity threats using automated tools,
+Added: backup and recovery testing to support business continuity and operational resilience, periodic threat testing, and employee training.
We deploy a wide range of security tools, use single sign-on, and require multi-factor authentication across all systems.
We also utilize access control policies to further limit access to data within the systems, including quarterly reviews, generally, and on a weekly basis for financial operations.
−Removed: We periodically engage third parties , which are subject to our standards, policies and procedure, to conduct audits, risk assessments, including penetration testing and other system vulnerability analyses.
+Added: We periodically engage third parties , which are subject to our standards, policies and procedure, to conduct audits and risk assessments, including penetration testing and other system vulnerability analyses.
As a result of these assessments and testing, we have responded to all known medium, high, and critical risks and are constantly hardening our environment.
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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.