4 unchanged sentences
Written and oral discovery are ongoing.
+Added: A mediation session in this matter is currently scheduled for May 8, 2025.
On March 29, 2024, a former employee filed a complaint against AeroVironment in the Ventura County Superior Court in California, alleging violations of the California Labor Code related to wages, meal breaks, overtime, unreimbursed business expenses and other recordkeeping matters and seeking penalties recoverable under California Labor Code section 2698, et.
2 unchanged sentences
We filed our answer on June 20, 2024.
−Removed: We expect discovery will commence shortly.
+Added: The parties have stipulated to stay this PAGA case ahead of the mediation in the class action matter listed in the immediately preceding paragraph above.
We are subject to lawsuits, government investigations, audits and other legal proceedings from time to time in the ordinary course of our business.
1 unchanged sentence
The outcome or costs we incur in connection with a legal proceeding could adversely impact our operating results and financial position.
−Removed: There have been no material changes to the risk factors disclosed under Part I, Item 1A, “Risk Factors,” of our Annual Report on Form 10-K for the fiscal year ended April 30, 2024.
−Removed: Please refer to that section for disclosures regarding the risks and uncertainties related to our business.
−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: DEFAULTS UPON SENIOR SECURITIES
−Removed: MINE SAFETY DISCLOSURES
−Removed: Not applicable.
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.