Risk Factors.
−Removed: There have been no material changes to embecta’s risk factors from those described in “Risk Factors” in the Form 10, except for the addition of the following risk factor:
−Removed: The ongoing conflict between Russia and Ukraine, and the global response to it, may adversely affect our business and results of operations:
−Removed: The military conflict between Russia and Ukraine has resulted in the implementation of sanctions by the United States and other governments against Russia and has caused significant volatility and disruptions to the global markets.
−Removed: It is not possible to predict the short- and long-term implications of this conflict, which could include but are not limited to further sanctions, uncertainty about economic and political stability, increases in inflation rate and energy prices, supply chain challenges and adverse effects on currency exchange rates and financial markets.
−Removed: In addition, the United States government reported that United States sanctions against Russia in response to the conflict could lead to an increased threat of cyberattacks against United States companies.
−Removed: These increased threats could pose risks to the security of our Information Technology systems, networks and product offerings, as well as the confidentiality, availability and integrity of our data.
−Removed: Further, if the conflict develops beyond Ukraine or further intensifies, it could have an adverse impact on our operations in the European Union or other affected areas.
−Removed: We are continuing to monitor the situation in Ukraine and globally as well as assess its potential impact on our business.
−Removed: Although Russia does not constitute a material portion of our business, a significant escalation or further expansion of the conflict's current scope or related disruptions to the global markets could have a material adverse effect on our results of operations.
+Added: There have been no material changes to Embecta’s risk factors from those described in “Risk Factors” included within the 2022 Form 10-K.
Exhibit Description
14 unchanged sentences
President and Chief Executive Officer
−Removed: August 15, 2022
+Added: (Principal Executive Officer)
+Added: February 14, 2023
/s/ Jacob Elguicze
1 unchanged sentence
Senior Vice President, Chief Financial Officer
−Removed: August 15, 2022
+Added: (Principal Financial Officer)
+Added: February 14, 2023
+Added: /s/ Brian Capone
+Added: Vice President, Controller and Chief Accounting Officer
+Added: (Principal Accounting Officer)
+Added: February 14, 2023
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.