LEGAL PROCEEDINGS
−Removed: From time to time, we
−Removed: are involved in various claims and lawsuits arising in the normal course of business.
−Removed: Pursuant to applicable accounting rules,
−Removed: we accrue the minimum liability for each known claim when the estimated outcome is a range of possible loss and no one amount within
−Removed: that range is more likely than another.
−Removed: We maintain insurance policies for such matters, and we record insurance recoveries
−Removed: when we determine such recovery to be probable.
−Removed: We do not expect any of these claims, individually or in the aggregate, to
−Removed: have a material adverse effect on our consolidated financial position or results of operations.
−Removed: We believe that the ultimate
−Removed: resolution of claims for any losses will not exceed our insurance policy coverages.
+Added: From time to time, we are involved in various claims and lawsuits arising in the normal course of business.
+Added: Pursuant to applicable accounting rules, we accrue the minimum liability for each known claim when the estimated outcome is a range of possible loss and no one amount within that range is more likely than another.
+Added: We maintain insurance policies for such matters, and we record insurance recoveries when we determine such recovery to be probable.
+Added: We do not expect any of these claims, individually or in the aggregate, to have a material adverse effect on our consolidated financial position or results of operations.
+Added: We believe that the ultimate resolution of claims for any losses will not exceed our insurance policy coverages.
MINE SAFETY DISCLOSURES
Information about our Executive Officers
−Removed: Executive officers are appointed each year
−Removed: by the Board of Directors following the Annual Meeting of Shareholders to serve during the ensuing year and until their respective
−Removed: successors are elected and qualified.
−Removed: There are no family relationships between any of our executive officers or between any of
−Removed: them and any of the members of the Board of Directors.
−Removed: The following information sets forth as
−Removed: of October 31, 2019, the name of each executive officer and his or her age, tenure as an officer, principal occupation and business
+Added: Executive officers are appointed each year by the Board of Directors following the Annual Meeting of Shareholders to serve during the ensuing year and until their respective successors are elected and qualified.
+Added: There are no family relationships between any of our executive officers or between any of them and any of the members of the Board of Directors.
+Added: The following information sets forth as of October 31, 2020, the name of each executive officer and his or her age, tenure as an officer, principal occupation and business experience:
Position(s) with the Company
2 unchanged sentences
Executive Vice President, Secretary, Treasurer and Chief Financial Officer
−Removed: Michael Doar was elected
−Removed: Chairman of the Board and Chief Executive Officer on November 14, 2001.
−Removed: Doar had held various management positions with
−Removed: Ingersoll Milling Machine Company from 1989 until 2001.
+Added: Michael Doar was elected Chairman of the Board and Chief Executive Officer on November 14, 2001.
+Added: Doar had held various management positions with Ingersoll Milling Machine Company from 1989 until 2001.
Doar has been a director of Hurco since 2000.
−Removed: Volovic has been employed by
−Removed: us since March 2005.
−Removed: He was elected as our President in March 2013 and elected and appointed as a director and our Chief Operating
−Removed: Officer, respectively, in March 2019.
−Removed: Volovic held various positions within our company most recently Executive Vice President,
−Removed: Software and Engineering before becoming President in 2013.
+Added: Volovic has been employed by us since March 2005.
+Added: He was elected as our President in March 2013 and elected and appointed as a director and our Chief Operating Officer, respectively, in March 2019.
+Added: Volovic has held various positions within our company, most recently Executive Vice President, Software and Engineering before becoming President in 2013.
Prior to joining us, Mr.
−Removed: Volovic held various positions with Thomson,
+Added: Volovic held various positions with Thomson, Inc.
including Director of E-Business, Engineering, and Information Technology.
Prior to that, Mr.
−Removed: Volovic was employed by Unisys
−Removed: McClelland has been employed by
−Removed: us since September 1996 and was elected as Vice President, Secretary, Treasurer and Chief Financial Officer in March 2014 and then
−Removed: Executive Vice President in March 2017.
−Removed: McClelland served as our Corporate Accounting Manager from September 1996 to 1999,
−Removed: as Division Controller for Hurco USA from September 1999 to November 2004, and as our Corporate Controller and Assistant Secretary
−Removed: from November 2004 to March 2014.
+Added: Volovic was employed by Unisys Corporation.
+Added: McClelland has been employed by us since September 1996 and was appointed as Vice President, Secretary, Treasurer, and Chief Financial Officer in March 2014, and then as Executive Vice President in March 2017.
+Added: McClelland served as our Corporate Accounting Manager from September 1996 to 1999, as Division Controller for Hurco USA from September 1999 to November 2004, and as our Corporate Controller and Assistant Secretary from November 2004 to March 2014.
Prior to joining us, Ms.
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.