33 unchanged sentences
We expect net sales to our five largest customers as a percentage of total net sales to approximate current levels going forward.
−Removed: The following table summarizes the customers that represented 10% or more of total net sales during the last three fiscal years:
+Added: The following table summarizes the customers that represented 10% or more of total net sales during the last two fiscal years:
Percentage of Net Sales by Fiscal Year
−Removed: 2022 2021 2020
Customer A 12% 12%
−Removed: Customer B 12% 24% 18%
There can be no assurance that the Company’s principal customers will continue to purchase products from the Company at current levels.
31 unchanged sentences
We also maintain share based compensation plans and other long-term incentive plans for certain employees and outside directors.
−Removed: As of July 2, 2022, we had 4,897 full-time employees compared to 5,450 on July 3, 2021, and 5,741 on June 27, 2020.
+Added: As of July 1, 2023, we had 5,447 full-time employees compared to 4,897 on July 2, 2022.
Since we can have significant fluctuations in product demand, we seek to maintain flexibility in our workforce by utilizing skilled temporary labor in some of our manufacturing facilities in addition to full-time employees.
68 unchanged sentences
Knaggs worked at Telect, Inc.
−Removed: from 2008 to 2016 as their Director of Engineering.
+Added: from 2008 to 2016 as their Director of
Prior to that, he worked at Isothermal Systems Research as Lead Systems Engineer from 2003 to 2008.
20 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.