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Management assessed the effectiveness of our internal control over financial reporting as of April 2, 2023, based on the criteria described in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
−Removed: In making this assessment as of April 3, 2022, we have excluded the Texas water treatment operations acquired from NAPCO Chemical Company, Inc.
−Removed: on December 30, 2021.
−Removed: The financial statements of this business comprise less than 4% of total assets and less than 1% of total revenues in our consolidated financial amounts as of and for the year ended April 3, 2022.
−Removed: We have excluded this business because we have not had sufficient time to make an assessment of its internal controls using the COSO criteria in accordance with Section 404 of the Sarbanes-Oxley Act of 2002.
−Removed: In excluding this business from our assessment, we have considered the “Frequently Asked Questions” as set forth by the office of the Chief Accountant and the Division of Corporate Finance on June 24, 2004, as revised on September 24, 2007, which acknowledges that it may not be possible to conduct an assessment of an acquired business’s internal control over financial reporting in the period between the consummation date and the date of management’s assessment and contemplates that such business would be excluded from management’s assessment in the year of acquisition.
Based on this assessment, management believes that our internal control over financial reporting was effective as of April 2, 2023.
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Mangine 65 Vice President — Industrial Group
−Removed: Moran 59 Vice President — Purchasing, Logistics and Sales Support
Rozeboom 61 Vice President — Health and Nutrition
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Mangine has been our Vice President - Industrial Group since 2021.
+Added: Prior to attaining this position, Mr.
Mangine served as the Industrial Sales Manager from 2011 to 2021, after joining Hawkins in 2000 as an Account Manager.
−Removed: Moran has been our Vice President - Purchasing, Logistics and Sales Support since June 2017.
−Removed: Since joining the Company in 1981, Ms.
−Removed: Moran has served the Company in a variety of positions, including Administration Operations Manager from 1999 to 2007, Director - Process Improvement from 2007 until 2010 and Vice President - Quality and Support from 2010 to June 2017.
−Removed: Rozeboom was named Vice President - Health and Nutrition in April 2019.
−Removed: Rozeboom had held the position of Senior Vice President of Sales for Stauber since 2012.
−Removed: Previously, she held the positions of Director of Sales at Stauber from 2008 to 2012 and Account Executive from 2000 to 2008.
+Added: Rozeboom has been our Vice President - Health and Nutrition since 2019.
+Added: Prior to attaining this position, Ms.
+Added: Rozeboom held the position of Senior Vice President of Sales for Stauber from 2012 to 2019, Director of Sales from 2008 to 2012 and Account Executive from 2000 to 2008.
The disclosure under the headings “Election of Directors,” “Corporate Governance,” and, if applicable, “Delinquent Section 16(a) Reports” of the 2022 Proxy Statement is incorporated herein by reference.
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Reports of Independent Registered Public Accounting Firms.
−Removed: Consolidated Balance Sheets at April 3, 2022 and March 28, 2021.
−Removed: Consolidated Statements of Income for the fiscal years ended April 3, 2022, March 28, 2021 and March 29, 2020.
−Removed: Consolidated Statements of Comprehensive Income for the fiscal years ended April 3, 2022, March 28, 2021 and March 29, 2020.
−Removed: Consolidated Statements of Shareholders’ Equity for the fiscal years ended April 3, 2022, March 28, 2021, and March 29, 2020.
−Removed: Consolidated Statements of Cash Flows for the fiscal years ended April 3, 2022, March 28, 2021, and March 29, 2020.
+Added: Consolidated Balance Sheets at April 2, 2023 and April 3, 2022.
+Added: Consolidated Statements of Income for the fiscal years ended April 2, 2023, April 3, 2022 and March 28, 2021.
+Added: Consolidated Statements of Comprehensive Income for the fiscal years ended April 2, 2023, April 3, 2022 and March 28, 2021.
+Added: Consolidated Statements of Shareholders’ Equity for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021.
+Added: Consolidated Statements of Cash Flows for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021.
Notes to Consolidated Financial Statements.
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Incorporated by Reference
+Added: 10.4 Amendment No.
+Added: 2 to the Hawkins, Inc.
+Added: Employee Stock Purchase Plan, as amended.
+Added: Filed Electronically
10.5 Second Amended and Restated Credit Agreement, dated as of March 31, 2022, among the Company, U.S.
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Incorporated by Reference
−Removed: 16.1 Correspondence from KPMG LLP dated February 11, 2020.
−Removed: Incorporated by Reference
21 Subsidiaries of the registrant.
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Filed Electronically
−Removed: 23.2 Consent of KPMG LLP.
−Removed: Filed Electronically
24.1 Powers of Attorney.
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for the period ended April 2, 2023, filed with the SEC on May 17, 2023, formatted in Inline Extensible Business Reporting Language (iXBRL):
−Removed: (i) the Consolidated Balance Sheets at April 3, 2022 and March 28, 2021 (ii) the Consolidated Statements of Income for the fiscal years ended April 3, 2022, March 28, 2021, and March 29, 2020, (iii) the Consolidated Statements of Comprehensive Income for the fiscal years ended April 3, 2022, March 28, 2021, and March 29, 2020, (iv) the Consolidated Statements of Shareholders’ Equity for the fiscal years ended April 3, 2022, March 28, 2021, and March 29, 2020, (v) Consolidated Statements of Cash Flows for the fiscal years ended April 3, 2022, March 28, 2021, and March 29, 2020, and (iv) Notes to Consolidated Financial Statements.
+Added: (i) the Consolidated Balance Sheets at April 2, 2023 and April 3, 2022 (ii) the Consolidated Statements of Income for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021, (iii) the Consolidated Statements of Comprehensive Income for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021, (iv) the Consolidated Statements of Shareholders’ Equity for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021, (v) Consolidated Statements of Cash Flows for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021, and (iv) Notes to Consolidated Financial Statements.
Filed Electronically
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(10) Incorporated by reference to Exhibit 10.7 to the Company’s Annual Report on Form 10-K filed June 2,2021.
−Removed: (11) Incorporated by reference to Exhibit 16.1 to the Company’s Current Report on Form 8-K dated February 11, 2020.
FORM 10-K SUMMARY
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VALUATION AND QUALIFYING ACCOUNTS
−Removed: FOR THE FISCAL YEARS ENDED April 3, 2022, March 28, 2021 AND March 29, 2020
+Added: FOR THE FISCAL YEARS ENDED April 2, 2023, April 3, 2022 AND March 28, 2021
Description Balance at
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Allowance for credit losses $ 367 $ — $ — $ ( 177 ) $ 190
−Removed: Fiscal Year Ended March 28, 2021:
+Added: Fiscal Year Ended April 3, 2022:
Allowance for credit losses $ 497 $ — $ — $ ( 130 ) $ 367
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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.