2 unchanged sentences
Currently, the Company is not involved in any material pending legal proceedings, and no such material proceedings are known to the Company to be contemplated by governmental authorities.
−Removed: In 2016, the Company created a plan to remediate a landfill of spent foundry sand maintained at the Company’s previously owned metal casting facility in New York.
−Removed: This plan was agreed to by the New York State Department of Environmental Conservation (the “NYSDEC”) on March 27, 2018.
−Removed: Based on estimates provided by the Company’s environmental engineers, the anticipated cost to remediate and monitor the landfill was $430,000.
−Removed: The Company accrued for and expensed the entire $430,000 in the first quarter of 2018 and fiscal 2017.
−Removed: In the fall of 2018, detailed construction drawings were prepared by an outside consultant in conjunction with informal progress reviews by the NYSDEC.
−Removed: Long-term groundwater monitoring commenced in April 2019.
−Removed: Verbal approval for the closure plan was received from the NYSDEC in May 2019, and written approval was received in October 2020.
−Removed: Construction of the closure remedies, including improved drainage system, regrading, and installation of a low permeability cap was completed in October 2021.
−Removed: A closure report and long-term maintenance plan were submitted to the NYSDEC in November 2021.
−Removed: In July 2023, the Company received NYSDEC approval for the closure report and long-term maintenance plan.
−Removed: The 30-year annual groundwater monitoring and site maintenance program is underway and will continue through 2048.
ITEM 4 MINE SAFETY DISCLOSURES
1 unchanged sentence
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.