6 unchanged sentences
threaded rod and metal shapes;
−Removed: keys and accessories;
builder's hardware;
24 unchanged sentences
threaded rod and metal shapes;
−Removed: keys, key duplication systems, and accessories;
+Added: keys and key duplication systems;
builder's hardware;
62 unchanged sentences
Our offerings include store associate assisted key duplication and self-service robotic engraving and key duplication kiosks;
−Removed: together with related software, systems, keys, and key accessories sold in proximity to the kiosks.
−Removed: Our services include product and category management,
+Added: together with related software, systems, keys and key fobs.
+Added: Our services include product and category management, merchandising services, and access to our proprietary robotic key duplicating and engraving software platforms and equipment.
4 | December 27, 2025 Form 10-K
−Removed: merchandising services, and access to our proprietary robotic key duplicating and engraving software platforms and equipment.
We design and manufacture proprietary software and equipment in our Boulder, Colorado and Tempe, Arizona facilities;
15 unchanged sentences
In the automotive key space, we offer the SmartBox Automotive Key Programmer which is a tool to quickly and easily pair transponder keys, remotes, and smart keys.
−Removed: We retain ownership of the key duplicating equipment and market and sell keys and key accessories.
+Added: We retain ownership of the key duplicating equipment and market and sell keys.
Our proprietary key offering features the universal blank which uses a “universal” keyway to replace up to five original equipment keys.
−Removed: We continually refresh the retailer’s key offerings by introducing decorated and licensed keys and accessories.
+Added: We continually refresh the retailer’s key offerings by introducing decorated and licensed keys.
Our key offering features decorative themes of art and popular licenses such as NFL, Disney, Breast Cancer Awareness, and Marvel to increase personalization, purchase frequency and average transaction value per key.
−Removed: We also market a successful line of decorative and licensed lanyards and other key accessories.
All of our key duplication systems are supported by a dedicated in store kiosk sales and service team.
11 unchanged sentences
Our Canada segment generated approximately $138.1 million, $147.9 million and $156.5 million of revenues in the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively.
−Removed: 5 | December 28, 2024 Form 10-K
Markets and Customers
1 unchanged sentence
Our status as a national supplier of proprietary products to big box retailers allows us to develop a strong market position and high barriers to entry within our product categories.
+Added: 5 | December 27, 2025 Form 10-K
We service a wide variety of franchise and independent retail outlets.
2 unchanged sentences
These central warehouses distribute to their members that do not have a requirement for Hillman's in-store service.
−Removed: These arrangements reduce credit risk and logistic expenses for us while also reducing central warehouse inventory and delivery costs for the cooperatives.
+Added: These arrangements concentrate credit risk and logistic expenses for us while also reducing central warehouse inventory and delivery costs for the cooperatives.
A typical hardware store maintains thousands of different items in inventory, many of which generate small dollar sales but large profits.
29 unchanged sentences
This team also prepares custom plan-o-grams of displays to fit the needs of any store and establishes programs that meet customers' requirements for pricing, invoicing, and other needs.
−Removed: This group also benefits from daily internal support from our inside sales and customer
−Removed: 6 | December 28, 2024 Form 10-K
−Removed: service teams.
+Added: This group also benefits from daily internal support from our inside sales and customer service teams.
On average, each sales representative is responsible for approximately 73 full service accounts that the sales representative calls on approximately every two weeks.
These efforts allow the sales force to sell and support our product lines.
+Added: 6 | December 27, 2025 Form 10-K
Our primary competitors in the national accounts marketplace for fasteners are Primesource Building Products, Inc., Midwest Fastener Corporation, Illinois Tool Works Inc., Spectrum Brands, and competition from direct import by our customers.
22 unchanged sentences
We implement robust safety protocols across all operations, maintain a Safety Compliance Program, and regularly conduct self-assessments to examine our safety culture and processes.
−Removed: SAFETY MEASURE HILLMAN
+Added: SAFETY MEASURE 1
Total Recordable Incident Rate (TRIR)
−Removed: Lost-Time Incident Rate (LTIR) 1
+Added: Days Away Restricted Transferred (DART)
1 Data spans 12 months between January 2025 and December 2025.
7 unchanged sentences
Diversity and Inclusion
−Removed: 7 | December 28, 2024 Form 10-K
We are committed to actions that build an inclusive and equitable workplace where all employees are valued and leveraged.
−Removed: We ask our employees to bring their authentic selves to work every day and this shows in both our products and our services.
+Added: We ask our employees to bring their authentic selves to work every day and this shows in both our
+Added: 7 | December 27, 2025 Form 10-K
+Added: products and our services.
We are committed to creating equal opportunities for employment, and creating inclusive and diverse workplaces that allow our team to perform to their fullest potential.
9 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.