3 unchanged sentences
OTHER MATTERS
−Removed: Brazilian Tax Matters (as previously reported on page 38 of our 2025 Form 10-K Report).
+Added: Brazilian Tax Matters (as previously reported on page 38 of our 2025 Form 10-K Report and page 65 of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026).
One Brazilian state (São Paulo) and the Brazilian federal tax authority currently have outstanding substantial tax assessments against Ford Motor Company Brasil Ltda.
9 unchanged sentences
Although the ultimate resolution of these matters may take many years, we consider our overall risk of loss to be remote.
+Added: Plaintiff, Versata Software, LLC, filed a trade secret and breach of contract action against Ford in the United States District Court for the Eastern District of Michigan on February 19, 2015, alleging that Ford misappropriated its trade secrets and breached the parties’ licensing contract.
+Added: After a trial in October 2022, a jury found Ford liable and awarded plaintiff $105 million in damages.
+Added: On February 17, 2023, Ford filed a post-trial motion based upon insufficient evidence of plaintiff’s damages.
+Added: On May 1, 2023, the trial court granted Ford’s post-trial motion and reduced the damages award from $105 million to $3.
+Added: The revised award represented a nominal award of $1 for each of plaintiff’s three breach of contract claims and no damages for its trade secrets misappropriation claim.
+Added: On October 26, 2023, plaintiff appealed to the United States Court of Appeals for the Federal Circuit, which issued its decision on May 22, 2026.
+Added: The Federal Circuit reinstated $82 million of the jury award for breach of contract damages and remanded to the trial court for a new trial on trade secret misappropriation damages.
+Added: On June 22, 2026, Ford filed a Combined Petition for Panel Rehearing and Rehearing En Banc.
+Added: The Federal Circuit has not ruled on Ford’s motion.
+Added: Plaintiff may claim interest on a final damages award from the date of filing.
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.