BALCHEM CORP 10-Q

Item 4. Controls and Procedures (a) Evaluation of Disclosure Controls and Procedures Prior to filing this report, we completed an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as defined in Rule 13a-15(e) of the Exchange Act as of June 30, 2023. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of June 30, 2023. (b) Changes in Internal Controls On June 21, 2022, we acquired Kappa. As of June 30, 2023, management's assessment of and conclusion of the effectiveness of our internal controls over financial reporting of Kappa have been completed. Therefore, management's assessment of and conclusion of the effectiveness of our internal control over financial reporting also includes the internal controls over financial reporting of Kappa. Other than the changes mentioned above, there have been no changes in the internal controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Act) during the fiscal quarter ended June 30, 2023, that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting. On August 30, 2022, we completed the acquisition of Bergstrom (See Note 2, "Significant Acquisitions"). We are integrating Bergstrom into our overall internal control over financial reporting process and exclude the business from our assessment of internal control over financial reporting as of June 30, 2023. Total assets of the Bergstrom business represented approximately 4.7% of our consolidated total assets as of June 30, 2023. 38 Table of Contents Part II. Other Information