13 unchanged sentences
Projections of any evaluation of the effectiveness of internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
−Removed: 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: Based on this assessment, management believes that our internal control over financial reporting was effective as of April 2, 2023.
−Removed: Our independent registered public accounting firm has issued an attestation report on our internal control over financial reporting for April 2, 2023 which is included in the Report of Independent Registered Public Accounting Firm in Item 8 of this Annual Report on 10-K.
+Added: Management assessed the effectiveness of our internal control over financial reporting as of March 31, 2024, based on the criteria described in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
+Added: In making this assessment as of March 31, 2024, we have excluded the water treatment operations acquired from Water Solutions and Miami Products in October 2023 and Industrial Research acquired in March 2024.
+Added: The financial statements of these businesses comprise less than 15% of total assets and less than 2% of total revenues in our consolidated financial amounts as of and for the year ended March 31, 2024.
+Added: We have excluded these businesses because we have not had sufficient time to make an assessment of their internal controls using the COSO criteria in accordance with Section 404 of the Sarbanes-Oxley Act of 2002.
+Added: In excluding these businesses 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.
+Added: Based on this assessment, management believes that our internal control over financial reporting was effective as of March 31, 2024.
+Added: Our independent registered public accounting firm has issued an attestation report on our internal control over financial reporting for March 31, 2024 which is included in the Report of Independent Registered Public Accounting Firm in Item 8 of this Annual Report on 10-K.
Changes in Internal Control Procedures
1 unchanged sentence
OTHER INFORMATION
+Added: None of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted , modified or terminated any contract, instruction, or written plan for the purchase or sale of the Company’s securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K) during the quarter ended March 31, 2024.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not Applicable.
−Removed: Certain information required by Part III is incorporated by reference from Hawkins’ definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 2, 2023 (the “2023 Proxy Statement”).
+Added: Certain information required by Part III is incorporated by reference from Hawkins’ definitive Proxy Statement for the Annual Meeting of Shareholders to be held on July 31, 2024 (the “2024 Proxy Statement”).
Except for those portions specifically incorporated in this Form 10-K by reference to the 2024 Proxy Statement, no other portions of the 2024 Proxy Statement are deemed to be filed as part of this Form 10-K.
64 unchanged sentences
Reports of Independent Registered Public Accounting Firms.
−Removed: Consolidated Balance Sheets at April 2, 2023 and April 3, 2022.
−Removed: Consolidated Statements of Income for the fiscal years ended April 2, 2023, April 3, 2022 and March 28, 2021.
−Removed: Consolidated Statements of Comprehensive Income for the fiscal years ended April 2, 2023, April 3, 2022 and March 28, 2021.
−Removed: Consolidated Statements of Shareholders’ Equity for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021.
−Removed: Consolidated Statements of Cash Flows for the fiscal years ended April 2, 2023, April 3, 2022, and March 28, 2021.
+Added: Consolidated Balance Sheets at March 31, 2024 and April 2, 2023.
+Added: Consolidated Statements of Income for the fiscal years ended March 31, 2024, April 2, 2023 and April 3, 2022.
+Added: Consolidated Statements of Comprehensive Income for the fiscal years ended March 31, 2024, April 2, 2023 and April 3, 2022.
+Added: Consolidated Statements of Shareholders’ Equity for the fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022.
+Added: Consolidated Statements of Cash Flows for the fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022.
Notes to Consolidated Financial Statements.
24 unchanged sentences
Employee Stock Purchase Plan, as amended .
−Removed: Filed Electronically
+Added: Incorporated by Reference
10.5 Second Amended and Restated Credit Agreement, dated as of March 31, 2022, among the Company, U.S.
23 unchanged sentences
Filed Electronically
+Added: 97 Mandatory Clawback Policy
+Added: Filed Electronically
101 Financial statements from the Annual Report on Form 10-K of Hawkins, Inc.
−Removed: 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 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.
+Added: for the period ended March 31, 2024, filed with the SEC on May 15, 2024, formatted in Inline Extensible Business Reporting Language (iXBRL):
+Added: (i) the Consolidated Balance Sheets at March 31, 2024 and April 2, 2023, (ii) the Consolidated Statements of Income for the fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022, (iii) the Consolidated Statements of Comprehensive Income for the fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022, (iv) the Consolidated Statements of Shareholders’ Equity for the fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022, (v) Consolidated Statements of Cash Flows for the fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022, and (iv) Notes to Consolidated Financial Statements.
Filed Electronically
7 unchanged sentences
(6) Incorporated by reference to Exhibit 99.1 to the Company’s Registration Statement on Form S-8 filed November 2, 2018.
+Added: (7) Incorporated by reference to Exhibit 10.4 to the Company’s Annual Report on Form 10-K filed May 17, 2023.
(8) Incorporated by reference to Exhibit 10.1 to the Company’s Registration Statement on Form 8-K filed December 3, 2018.
31 unchanged sentences
VALUATION AND QUALIFYING ACCOUNTS
−Removed: FOR THE FISCAL YEARS ENDED April 2, 2023, April 3, 2022 AND March 28, 2021
+Added: FOR THE FISCAL YEARS ENDED March 31, 2024, April 2, 2023 AND April 3, 2022
Description Balance at
5 unchanged sentences
Reserve deducted from asset to which it applies:
−Removed: Fiscal Year Ended April 2, 2023:
+Added: Fiscal Year Ended March 31, 2024:
Allowance for credit losses $ 190 $ 166 $ — $ — $ 356
1 unchanged sentence
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
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.