Item 2 — Properties
−Removed: We own or lease five principal production facilities and lease a warehouse near our Elgin facility.
+Added: We own or lease five principal production facilities.
+Added: We also lease warehouses near our Elgin and Bainbridge production facilities.
Our primary processing facility is located at our Elgin, Illinois site, which also houses our primary manufacturing operations and corporate headquarters (the “Elgin Site”).
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Further capital expenditures will likely be necessary to fully lease the remaining space.
+Added: (3) On January 15, 2026, the Company executed a 10 year lease for the remaining available 285,000 square feet in the current warehouse we rent in Huntley, Illinois.
+Added: The warehouse is utilized to store finished goods and non-food inventory, to operate as a distribution center and to conduct light manufacturing activities.
+Added: The lease for the remaining space in Huntley is scheduled to commence in the first quarter of fiscal 2027.
Manufacturing Capability, Utilization, Technology and Engineering
Our principal production facilities are equipped with modern processing and packaging machinery and equipment.
−Removed: The Elgin Site was designed to our specifications and to efficiently move products from raw storage to processing to packaging to distribution.
+Added: The Elgin Site, our main processing and packaging facility for nut and trail mix products that also manufactures and packages bars, was designed to our specifications to efficiently move products from raw storage through processing and packaging to distribution and ultimately to our external warehouse.
The Elgin Site was designed to minimize the risk of cross contamination between tree nuts and peanuts.
As currently configured, we believe the Elgin Site can accommodate an increase in production capacity of 15% to 20% of our current capacity, however certain production lines are at full capacity during peak periods.
−Removed: The Huntley facility will allow us to accommodate increases in future demand and alleviate storage space constraints at the Elgin Site.
+Added: The Huntley facility allows us to accommodate increases in future demand and alleviate storage space constraints at the Elgin Site.
The Huntley facility can, on average, accommodate an increase of 20% of its current storage capacity, however at certain points in time of the year, we are at full capacity.
+Added: With the additional square footage we are leasing in fiscal 2027, the Huntley facility will be able to accommodate a 40% increase in storage capacity.
The Selma facility is used for our automated pecan shelling, packaging, bulk packaging, warehousing and distribution operations.
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The Lakeville facility is used for manufacturing and packaging bars.
−Removed: This facility produces chewy, fruit and grain, sweet and salty, dipped, crunchy and fiber bars along with loose granola.
+Added: This facility produces chewy, fruit and grain, sweet and salty, dipped, crunchy, fiber, fig and protein bars along with loose granola.
We believe the Lakeville facility can accommodate an increase in production capacity of 15% to 20% of its current capacity, however certain production lines are at full capacity and there is no available physical space for additional capacity.
−Removed: The Gustine facility is used for walnut shelling, pasteurization, processing, bulk packaging, warehousing and distribution.
+Added: The Gustine facility is used for walnut shelling, pasteurization, processing, bulk and retail packaging, warehousing and distribution.
This facility has the capacity to shell in excess of 60 million inshell pounds of walnuts annually.
2 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.