5 unchanged sentences
A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis.
−Removed: As of June 30, 2025, an evaluation was conducted under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act).
−Removed: Management concluded that as of June 30, 2025, our disclosure controls and procedures were not effective because of the material weakness in our internal control over financial reporting identified by management as of December 31, 2024 as described below.
−Removed: Management does not believe that this material weakness resulted in material misstatements as of June 30, 2025, the material weakness creates a reasonable possibility that a material misstatement of account balances or disclosures in annual or interim consolidated financial statements may not be prevented or detected in a timely manner.
+Added: As of September 30, 2025, an evaluation was conducted under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act).
+Added: Management concluded that as of September 30, 2025, our disclosure controls and procedures were not effective because of the material weakness in our internal control over financial reporting identified by management as of December 31, 2024 as described below.
+Added: Management does not believe that this material weakness resulted in material misstatements as of September 30, 2025, the material weakness creates a reasonable possibility that a material misstatement of account balances or disclosures in annual or interim consolidated financial statements may not be prevented or detected in a timely manner.
Material Weakness in Internal Control over Financial Reporting - Storage Solutions Segment
1 unchanged sentence
Plan to Remediate Material Weakness in Internal Control over Financial Reporting - MMI
−Removed: The Company, with oversight by the Audit Committee of the Board, is actively developing and implementing a comprehensive remediation plan that will include the following initiatives:
−Removed: • Transition MMI off the Navision system and onto NetSuite, our integrated ERP and general ledger system used by all our other business channels.
−Removed: • Remove administrative capabilities within the ERP system from operational roles.
−Removed: • Perform segregation of duties analysis over new integrated users and roles within NetSuite.
−Removed: • Consolidate our enterprise-wide shared service processes with the migration of the MMI business’s accounts payable and accounts receivable functions onto the NetSuite system.
−Removed: • Develop and/or enhance information technology general and application controls and business process controls specific to MMI.
+Added: The Company, with oversight by the Audit Committee of the Board, has been implementing the following initiatives as part of its comprehensive remediation plan during the third quarter of 2025 and plans to continue the implementation and remediation into the fourth quarter of 2025:
+Added: • Transitioning MMI off the Navision system and onto NetSuite, our integrated ERP and general ledger system used by all our other business channels.
+Added: • Removing administrative capabilities within the ERP system from operational roles.
+Added: • Performing segregation of duties analysis over new integrated users and roles within NetSuite.
+Added: • Consolidating our enterprise-wide shared service processes with the migration of the MMI business’s accounts payable and accounts receivable functions onto the NetSuite system.
+Added: • Developing and/or enhancing information technology general and application controls and business process controls specific to MMI.
Changes in Internal Control Over Financial Reporting
8 unchanged sentences
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.