1 unchanged sentence
From time to time, the Company may be subject to pending legal proceedings and regulatory actions in the ordinary course of business.
−Removed: The Company is not presently a party to any litigation that it believes to be material and the Company is not aware of any pending or
−Removed: threatened litigation against the Company that it believes could have a material adverse effect on its business, operating results, financial condition or cash flows.
+Added: The Company is not presently a party to any litigation that it believes to be material and the Company is not aware of any pending or threatened litigation against the Company that it believes could have a material adverse effect on its business, operating results, financial condition or cash flows.
Mine Safety Disclosures
1 unchanged sentence
Information about our Executive Officers and Directors
−Removed: The following table provides information regarding our executive officers as of the filing of this Annual Report on Form 10-K:
+Added: The following table provides information regarding our executive officers and directors as of the filing of this Annual Report on Form 10-K:
Title/Position
1 unchanged sentence
Chairman and Chief Executive Officer
−Removed: Stacy Dean Stephens
−Removed: EVP and Chief Client Officer
EVP and Chief Financial Officer
20 unchanged sentences
Li was recruited by SoftBank Venture Capital to establish and serve as the President and CEO of the Model E Corporation, a newly established automobile manufacturer that focused on the “Subscribe and Drive” model in California.
−Removed: Li also founded Carbon Motors Corporation in 2003, and as its Chairman and CEO until February 2013, focused it on developing the world’s first purpose-built law enforcement patrol vehicle.
+Added: Li also founded Carbon Motors Corporation in 2003, and as its Chairman and CEO until February 2013, focused it on developing the world’s first purpose-built law
+Added: enforcement patrol vehicle.
Carbon Motors Corporation filed for Chapter 7 liquidation in June 2013.
3 unchanged sentences
Li is qualified to serve on our Board due to his more than 30 years of experience in various industries, including as our Chairman and CEO, and co-founder of the Company.
−Removed: Stacy Dean Stephens has served as our EVP and Chief Client Officer since May 2013 and co-founded the Company in April 2013.
−Removed: Previously, he co-founded Carbon Motors Corporation with Mr.
−Removed: Li, where he led marketing operations, sales, product management, partnership marketing and client service.
−Removed: At Carbon Motors, Mr.
−Removed: Stephens established the “Carbon Council,” a client interface and users group consisting of over 3,000 law enforcement professionals across all 50 states and actively serving over 2,200 law enforcement agencies.
−Removed: Carbon Motors Corporation filed for Chapter 7 liquidation in June 2013.
−Removed: Prior to co-founding Carbon Motors Corporation, Mr.
−Removed: Stephens served as a police officer for the Coppell (Texas) Police Department from 2000 to 2002.
−Removed: Stephens studied aerospace engineering at the University of Texas in Arlington.
−Removed: He subsequently earned a degree in criminal justice and graduated as valedictorian from Tarrant County College in Fort Worth, Texas.
−Removed: He is a member of the International Association of Chiefs of Police (“IACP”) and also sits on the IACP Division of State Associations of Chiefs of Police SafeShield Project, which seeks to critically examine existing and developing technologies for the purpose of preventing and minimizing officer injuries and fatalities.
Dwivedi has served as the EVP and Chief Financial Officer of the Company since January 2024.
46 unchanged sentences
Prior to the DHS, Mr.
−Removed: Mocny served at the Immigration and Naturalization Service of the Department of Justice from December 1992 to April 2001, culminating in his role as the Special Assistant to the Deputy Commissioner from April 1998 to April 2001.
+Added: Mocny served at the Immigration and Naturalization Service of the Department of Justice from
+Added: December 1992 to April 2001, culminating in his role as the Special Assistant to the Deputy Commissioner from April 1998 to April 2001.
Mocny has spearheaded numerous technology innovation initiatives, including office automation software programs and the development of the Secure Electronic Network for Travelers Rapid Inspection (or “SENTRI”) program, which was recognized with a Hammer Award by Vice President Al Gore and is now one of the core Trusted Traveler programs operated by DHS.
14 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.