15 unchanged sentences
The validity and breadth of claims covered in patents and other intellectual property involve complex legal and factual questions, and the resolution of such claims may be highly uncertain, lengthy and expensive.
−Removed: In addition, our patents or other intellectual property may be held invalid upon challenge, or others may claim that we have improperly or invalidly sought patent or other intellectual property
−Removed: protection for our technology, thus exposing us to direct or counter claims in any patent or intellectual property proceeding.
+Added: In addition, our patents or other intellectual property may be held invalid upon challenge, or others may claim that we have improperly or invalidly sought patent or other intellectual property protection for our technology, thus exposing us to direct or counter claims in any patent or intellectual property proceeding.
We could also be required to pay substantial damages or settlement costs to resolve intellectual property litigation.
36 unchanged sentences
• dispose of or sell assets, make acquisitions above certain amounts or enter into a merger or similar transaction.
−Removed: Although in recent periods we have not had to borrow funds under our credit facilities, we still are required to comply with certain restrictive covenants in our credit facilities, any of which may limit our ability to engage in acts that may be in our best long term interests.
+Added: Although in recent periods we have not had to borrow funds under our credit facilities, we still are required to comply with certain restrictive covenants in our credit facilities, any of which may limit our ability to engage in acts that may be in our best
+Added: long term interests.
Additionally, a breach of any of the restrictive covenants in our credit facilities could result in a default under these facilities.
17 unchanged sentences
More tariff changes are also possible.
−Removed: We have developed strategies to mitigate, in part, previously implemented and, in some cases, proposed tariff increases, but there is no assurance we will be able to continue to mitigate the impact of tariff increases in substantial part on our financial and operating results.
+Added: We have developed strategies to mitigate, in part, previously implemented and, in some cases, proposed tariff increases, but there is no assurance we will be able to continue to mitigate the materially adverse impact of tariff increases on our financial and operating results.
Further, uncertainties about future tariff changes could result in mitigation actions undertaken by us that could prove to be detrimental to our business and our relationships with our customers and suppliers.
7 unchanged sentences
We are subject to supranational, federal, state, local and foreign laws and other legal requirements related to the generation, storage, transport, treatment and disposal of materials as a result of our manufacturing and assembly operations.
−Removed: These laws include the Resource Conservation and Recovery Act (as amended), the Clean Air Act (as amended) and the Comprehensive Environmental Response, Compensation and Liability Act (as amended), as well as similar laws in foreign jurisdictions.
+Added: include the Resource Conservation and Recovery Act (as amended), the Clean Air Act (as amended) and the Comprehensive Environmental Response, Compensation and Liability Act (as amended), as well as similar laws in foreign jurisdictions.
Risk of environmental liability and changes associated with maintaining compliance with environmental laws is inherent in the nature of our business and there is no assurance that material liabilities or changes would not arise.
20 unchanged sentences
Consolidation of our retail markets could result in fewer but larger retail customers, which may further result in lower selling prices or reduced sales volumes of our products or greater competition for shelf space in these retail markets.
−Removed: Further, financial distress or bankruptcies in our retail markets could
−Removed: negatively impact our operating results and cash flows.
+Added: Further, financial distress or bankruptcies in our retail markets could negatively impact our operating results and cash flows.
If we cannot compete in our product markets successfully in the future, our net sales, profitability and cash flows will likely decline.
3 unchanged sentences
Moreover, our businesses are cyclical and seasonal in nature, and their success is impacted by general economic conditions and specific economic conditions affecting the regions and markets we serve, the overall level of consumer confidence in the economy and discretionary income levels.
−Removed: Any substantial deterioration in general economic conditions that diminishes consumer confidence or discretionary income can reduce our sales and adversely affect our financial results.
+Added: Any substantial deterioration in general economic
+Added: conditions that diminishes consumer confidence or discretionary income can reduce our sales and adversely affect our financial results.
Moreover, declining economic conditions create the potential for future impairments of goodwill and other intangible and long-lived assets that may negatively impact our financial condition and results of operations.
7 unchanged sentences
A limited number of our shareholders can exert significant influence over the Company.
−Removed: As of September 27, 2024, Helen P.
+Added: As of October 3, 2025, Helen P.
Johnson-Leipold, members of her family and related entities (hereinafter the Johnson Family), held approximately 75% of the voting power of both classes of our common stock taken as a whole.
4 unchanged sentences
Because our common stock is thinly traded, its market price may fluctuate significantly more than the stock market in general or the stock prices of similar companies, which are exchanged, listed or quoted on NASDAQ or another stock exchange.
−Removed: We believe there are approximately 5,360,000 shares of our Class A common stock held by non-affiliates as of September 27, 2024.
+Added: We believe there are approximately 5,433,000 shares of our Class A common stock held by non-affiliates as of October 3, 2025.
Thus, our common stock will be less liquid than the stock of companies with broader public ownership, and as a result, the trading price for our shares of common stock may be more volatile.
34 unchanged sentences
We consider the production capacities and financial condition of suppliers in our selection process, and expect that they will meet our delivery requirements.
−Removed: However, there can be no assurance that strong demand, capacity limitations, shortages of raw
−Removed: materials, labor disputes, freight capacity or other problems impacting our suppliers will not result in any shortages or delays in the supply of components to us.
+Added: However, there can be no assurance that strong demand, capacity limitations, shortages of raw materials, labor disputes, freight capacity or other problems impacting our suppliers will not result in any shortages or delays in the supply of components to us.
Currency exchange rate fluctuations could adversely affect the Company’s results.
2 unchanged sentences
dollar, the sales, expenses, profits, losses, assets and liabilities of our foreign operations, as reported in our consolidated financial statements, increase or decrease, accordingly.
−Removed: Approximately 14% of our revenues for the year ended September 27, 2024 were denominated in currencies other than the U.S.
+Added: Approximately 13% of our revenues for the year ended October 3, 2025 were denominated in currencies other than the U.S.
Approximately 6% were denominated in euros and approximately 5% were denominated in Canadian dollars with the remaining 2% denominated in various other foreign currencies.
3 unchanged sentences
• economic and political instability;
−Removed: • restrictive actions by foreign governments, including with respect to tariffs or trade policies;
+Added: • restrictive actions by foreign governments, including with respect to tariffs, changes in tariff rates or trade policies (whether those of the United States or of a foreign jurisdiction);
• opportunity costs and reputational damage related to the presence of counterfeit versions of the Company’s products in such foreign markets;
• greater difficulty enforcing intellectual property rights and weaker laws protecting intellectual property rights;
−Removed: • changes in tariffs, import duties or import or export restrictions;
+Added: • import duties or import or export restrictions;
• timely shipping of product and unloading of product, including the timely rail/truck delivery to our warehouses and/or a customer’s warehouse of our products;
12 unchanged sentences
Furthermore, our Audit Committee is responsible for reviewing all audit findings related to information technology general controls, internal and external vulnerability, and penetration testing.
−Removed: However, our directors do not have significant
−Removed: experience in cybersecurity risk management outside of the Company and therefore, its ability to fulfill its oversight function remains dependent on the input it receives from management and outside consultants.
+Added: However, our directors do not have significant experience in cybersecurity risk management outside of the Company and therefore, its ability to fulfill its oversight function remains dependent on the input it receives from management and outside consultants.
Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively impact our business.
17 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.