1 unchanged sentence
Atmus designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide superior asset protection.
−Removed: Atmus estimates that approximately 14% of Atmus’ net sales in 2024 were generated through first-fit sales to original equipment manufacturers (“OEM”s), where Atmus’ products are installed as components for new vehicles and equipment, and approximately 86% were generated in the aftermarket, where Atmus’ products are installed as replacement or repair parts, leading to a strong recurring revenue base.
+Added: Atmus estimates that approximately 14% of Atmus’ net sales in 2025 were generated through first-fit sales to original equipment manufacturers (“OEM”s), where Atmus’ products are installed as components for new vehicles and equipment, and approximately 86% were generated in the aftermarket, where Atmus’ products are installed as replacement o r repair parts, leading to a strong recurring revenue base.
Building on Atmus’ more than 65-year history, Atmus continues to grow and differentiate itself through its global footprint, comprehensive offering of premium products, technology leadership and multi-channel path to market.
6 unchanged sentences
• Grow market share with leading OEMs.
−Removed: • Support technology transitions with leading OEMs.
• Enhanced product content per vehicle.
• Accelerate new product development.
+Added: • Support technology transitions with leading OEMs.
Accelerate profitable growth in the aftermarket
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Atmus’ team draws on a more than 65-year history focused on filtration and media technologies.
−Removed: Atmus has a broad IP portfolio with over 1,200 worldwide active or
−Removed: pending patents and patent applications and over 600 worldwide trademark registrations and applications as of December 31, 2024 .
+Added: Atmus has a broad IP portfolio with approximately 1,200 worldwide active or pending patents and patent applications and over 650 worldwide trademark registrations and applications as of December 31, 2025.
Atmus has leveraged this expertise not only to develop its cutting-edge filters, filter systems and filtration media but also to manufacture a large portion of its proprietary filtration media.
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This relationship is defined by the first-fit supply agreement and the aftermarket supply agreement.
−Removed: These supply agreements will help give Atmus visibility and stability to its future sales within the terms of the agreements.
−Removed: In addition, for 65 years prior to the Separation, Atmus’ sales and technical teams have been embedded with Cummins, allowing Atmus to have a deep understanding of their needs, which enables Atmus to deliver high-quality, high-performance products that deliver value to Cummins.
−Removed: Atmus partners with Cummins in all regions to win end-user accounts in the aftermarket and create a preference for the Fleetguard brand .
+Added: Atmus maintains its strong relationship with Cummins, supported by these contractual relationships and due to its 65 year history embedded with Cummins.
+Added: This gives Atmus a deep understanding of Cummins needs, which enables Atmus to deliver high-quality, higher-performance products that deliver value to Cummins.
Multi-channel path to diverse global markets
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For example, the dealers of four of the largest North America on-highway OEMs carry a significant range of Atmus’ products at their dealerships .
−Removed: In addition, Cummins distributors, independent distributors and retailers enable Atmus to reach a broader end-user market and create additional points of sale or service.
+Added: In addition, independent distributors and retailers enable Atmus to reach a broader end-user market and create additional points of sale or service.
Atmus also works directly with major customers of its channel partners (such as large fleets or mining companies), across its end markets, to create strong brand preference, which, in turn, leads to strong demand for its products and generates recurring revenue.
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Kienzler, its Senior Vice President and Chief People Officer, Renee M.
−Removed: Swan and its Senior Vice President and President, Power Solutions, Charles E.
+Added: Swan, its Senior Vice President and President, Power Solutions, Charles E.
+Added: Masters, and its Senior Vice President, Chief Legal Officer and Corporate Secretary, Laura Heltebran.
Disher joined Cummins in 2013 and has over 20 years of experience in leadership positions, including international assignments in Australia, Asia, and the United States.
−Removed: Most recently, Stephanie J.
+Added: Prior to her current role, Stephanie J.
Disher served as Vice President, Cummins and President, Cummins Filtration where she has demonstrated a continued track record of strong business performance, innovation and operational excellence.
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Masters joined Cummins in 2003 and has over 20 years of experience in global sales and operational leadership roles within Cummins.
+Added: Laura Heltebran joined Atmus in May 2025 and brings over 25 years of legal, ethics and compliance experience with public companies across several industries including, technology, hospitality, and aviation.
Atmus’ leadership team has the ability to develop and execute its strategic vision and aims to create long-term shareholder value.
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Atmus monitors supply chain disruptions and conducts structured supplier risk and resiliency assessments.
−Removed: Atmus increased the frequency of its formal and informal supplier engagement to address potentially impactful supply base constraints and enhanced collaboration to develop specific countermeasures to mitigate risks.
+Added: Atmus performs formal and informal supplier engagements to address potentially impactful supply base constraints and enhanced collaboration to develop specific countermeasures to mitigate risks.
Atmus’ global team, located in different regions of the world, uses various approaches to identify and resolve threats to supply continuity .
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When these orders are on backlog, they are often subject to cancellation on reasonable notice without cancellation charges, and therefore are not considered firm .
−Removed: Atmus is working closely with its customers to meet demand and work through backlogs as efficiently as possible .
The principal materials that Atmus uses directly in manufacturing its products are steel, filter media and petrochemical-based products, including plastic, rubber and adhesives products.
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In addition to the agreement Atmus entered into with Cummins, Atmus has long-term agreements with many of its largest customers.
−Removed: Collectively, Atmus’ net sales from its next four top customers, other than Cummins, was approximately 40% of Atmus’ net sales in 2024 and approximately 39% in 2023 and 2022, respectively.
+Added: Collectively, Atmus’ net sales from its next four top customers, other than Cummins, was approximately 40% of Atmus’ net sales in 2025 and approximately 40% in 2024 and 39% in 2023, respectively.
Excluding Cummins, two other customers, PACCAR and the Traton Group, accounted for more than 10% of Atmus’ net sales in 2025.
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Atmus owns or controls a broad range of intellectual property rights, including a significant number of patents, trademarks, copyrights, trade secrets and other forms of intellectual property rights in the United States and foreign countries.
−Removed: Atmus has a broad IP portfolio with over 1,200 worldwide active or pending patents and patent applications and over 650 worldwide trademark registrations and applications as of December 31, 2024, which were granted and registered over a period of years.
+Added: Atmus has a broad IP portfolio with approximately 1,200 worldwide active or pending patents and patent applications and over 650 worldwide trademark registrations and applications as of December 31, 2025, which were granted and registered over a period of years.
Atmus’ leading brand house trademark is Fleetguard.
Atmus protects its innovations that arise from research and development through patent filings, as well as through trade secrets.
−Removed: Although these patents, trademarks and trade secrets are generally considered beneficial
−Removed: to Atmus’ operations, Atmus does not believe any patent, group of patents, trademark or trade secret is solely responsible for protecting its products .
+Added: Although these patents, trademarks and trade secrets are
+Added: generally considered beneficial to Atmus’ operations, Atmus does not believe any patent, group of patents, trademark or trade secret is solely responsible for protecting its products .
Research, Development and Engineering
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Atmus believes that the composition of its workforce gives it advantages relating to cost and capability when compared to its peers.
−Removed: The global COVID-19 pandemic redefined the way Atmus has traditionally worked and created both new expectations by employees, as well as new ways to work flexibly and seamlessly on a global basis.
−Removed: is embracing these opportunities as Atmus simplifies its organizational structures and processes, further empowers managers and employees to make decisions and generate positive results, increases employee communication and interaction with senior leadership and enhances a work environment that is inclusive, transparent, agile and team-oriented .
+Added: Atmus empowers managers and employees to make decisions and generate positive results,
+Added: increases employee communication and interaction with senior leadership and enhances a work environment that is inclusive, transparent, agile and team-oriented .
Purpose and Core Values
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Atmus has a health, safety and environment commitment to protect what is important - its people, the planet and its customers.
−Removed: Every day, Atmus is committed to continually improve the health and safety of its work environment, taking action to achieve its goal that nobody gets hurt.
+Added: Every day, Atmus is committed to continually improving the health and safety of its work environment, taking action to achieve its goal that nobody gets hurt.
In pursuit of this goal, Atmus embraces a positive safety culture that encourages its employees to recognize potentially unsafe situations, report concerns and work together to remove potential hazards from the work environment before incidents occur.
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Atmus encourages its employees to promote safety through personal accountability, managing risk, and adopting positive behaviors.
−Removed: By employing these safety guidelines, Atmus seeks to achieve its goal of zero serious injury fatalities caused by machinery safety hazards due to the lack of or failure of safety control measures .
+Added: By employing these safety guidelines, Atmus seeks to maintain its goal of zero serious injury fatalities caused by machinery safety hazards due to the lack of or failure of safety control measures .
Where Atmus identifies a risk, it ensures that improvement actions are shared across the organization to promote a learning-oriented culture where Atmus’ employees are empowered to make their work environment safer and better.
1 unchanged sentence
Inclusion and Diversity
−Removed: Inclusion and diversity at all levels of Atmus are critical to its ability to innovate, win in the marketplace and create sustainable success.
+Added: Inclusion and diversity of perspective at all levels of Atmus are critical to its ability to innovate, win in the marketplace and create sustainable success.
Having inclusive and diverse workplaces allows Atmus to attract and retain the best employees to deliver results for its shareholders.
Building on a long history that has emphasized inclusion and diversity, Atmus will continue to seek opportunities and invest in processes that attract, develop and retain diverse talent, globally.
−Removed: Atmus will measure outcomes and ensure that all employees can benefit from being a part of Atmus.
−Removed: This starts by ensuring that the leadership of Atmus is diverse.
−Removed: At this time, three out of Atmus’ seven directors are female, including its Chief Executive Officer, and two out of its seven directors are ethnically diverse.
+Added: Atmus will ensure that all employees can benefit from being a part of Atmus.
+Added: This begins with the leadership team at Atmus.
+Added: At this time, three out of Atmus’ eight directors are female, including its Chief Executive Officer, and two out of its eight directors are ethnically diverse.
In addition, 43% of Atmus’ executive team is female, including its Chief Executive Officer, and 14% is ethnically diverse.
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40 Senior Vice President, Chief Financial Officer and Chief Accounting Officer
−Removed: 44 Senior Vice President and Chief People Officer
+Added: 61 Senior Vice President, Chief Legal Officer and Corporate Secretary
53 Senior Vice President and President, Power Solutions
+Added: 45 Senior Vice President and Chief People Officer
Disher currently serves as Atmus’ Chief Executive Officer and President.
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Kienzler holds a Bachelor of Science in Finance and Accounting from Indiana University and a Master of Business Administration from the Indiana University Kelley School of Business .
−Removed: Swan currently serves as Atmus’ Senior Vice President and Chief People Officer.
−Removed: Swan previously served as Vice President of Human Resources for the communication systems segment of L3Harris Technologies, Inc.
−Removed: Swan has over two decades of experience in human resources disciplines, having spent time with Kennametal, Honeywell International, and Eaton Corporation in progressive human resources responsibilities.
−Removed: Swan has a Master of Professional Studies in Human Resource Management from Cornell University, a Master of Business Administration degree from Point Park University and a Bachelor's in Communications from the University of Pittsburgh .
+Added: Heltebran currently serves as Atmus’ Senior Vice President, Chief Legal Officer and Corporate Secretary.
+Added: Heltebran previously served as Executive Vice President, Chief Legal Office and Corporate Secretary with Wheels Up.
+Added: Prior to Wheels Up, Ms.
+Added: Heltebran served as Senior Vice President and Deputy General Counsel at Hilton Worldwide.
+Added: Heltebran holds a Bachelor of Arts degree from George Mason University and a Juris Doctor degree from Antonin Scalia Law School, George Mason University.
Masters currently serves as Atmus’ Senior Vice President and President, Power Solutions and previously served as Executive Director of Global Sales and Marketing of Cummins Filtration Inc.
2 unchanged sentences
Masters holds a Bachelor of Commerce from the University of Alberta and a Master of Business Administration from Harvard Business School .
+Added: Swan currently serves as Atmus’ Senior Vice President and Chief People Officer.
+Added: Swan previously served as Vice President of Human Resources for the communication systems segment of L3Harris Technologies, Inc.
+Added: Swan has over two decades of experience in human resources disciplines, having spent time with Kennametal, Honeywell International, and Eaton Corporation in progressive human resources responsibilities.
+Added: Swan has a Master of Professional Studies in Human Resource Management from Cornell University, a Master of Business Administration degree from Point Park University and a Bachelor's in Communications from the University of Pittsburgh .
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.