UNRESOLVED STAFF COMMENTS
+Added: CYBERSECURITY
+Added: Risk Management and Strategy
+Added: Our cybersecurity risk management process is integrated into our Enterprise Risk Management “ERM” process as described in Item 1A.
+Added: Risk Factors.
+Added: Cybersecurity has been identified as a critical risk.
+Added: To identify, assess, and manage material cybersecurity risks, we regularly evaluate and take steps to enhance our cybersecurity protocols to protect against or mitigate cyber threats.
+Added: We conduct third-party and internal assessments of our environments, including system penetration testing, test our recovery and response processes, and we consider industry standards when developing our information security program.
+Added: The Company has an information security training program, which calls for training all computer-based employees twice per year, through various employee training modules relative to information security matters and phishing simulation events with employees to raise cybersecurity awareness.
+Added: From time to time, we engage third-party assessors, consultants, auditors and others to assist us with evaluating, enhancing, implementing and monitoring our cybersecurity risk-management programs.
+Added: We maintain processes to oversee and identify cybersecurity risks associated with our use of third-party service providers such as vigilant contract and vendor due diligence review, as well as annual review of the service providers’ independent audit report where applicable.
+Added: Like many companies, our systems and those of our third party providers who provide us with services and products may be subject to cybersecurity threats and cybersecurity incidents.
+Added: To date, no such cybersecurity incidents have had a material impact on our business or operations.
+Added: However, if as a result of any future incidents or our systems are significantly damaged, cease to function properly or are subject to a significant cybersecurity incident, we may suffer an interruption in our ability to manage and operate the business, and our results of operations and financial condition could be adversely affected.
+Added: The Company maintains an insurance policy with respect to cybersecurity and has
+Added: undergone several simulation, preparedness and response exercises.
+Added: See “Risks Related to Manufacturing and Operations” in Item 1A.
+Added: Risk Factors.
+Added: Our Board oversees the management of our risks, including risks from cybersecurity threats, on an enterprise-wide basis, and the Lead Independent Director promotes our Board’s engagement in this process.
+Added: Our Board has delegated oversight of the risk assessment and mitigation process with respect to cybersecurity to the Audit Committee of our Board.
+Added: The Audit Committee regularly monitors the Company’s cybersecurity risks and receives updates from the Chief Information Officer (“CIO”) at each meeting.
+Added: In addition, the Audit Committee regularly reviews the overall effectiveness of the information technology security environment.
+Added: The CIO reports to the full Board about cybersecurity on an annual basis.
+Added: Lisa Dietrich is our CIO.
+Added: Dietrich has 25 years of experience in the Information Technology (“IT”) and cybersecurity industry.
+Added: In her role as CIO, Ms.
+Added: Dietrich is responsible for assessing and managing material risks from cybersecurity threats, including monitoring the prevention, detection, mitigation and remediation of cybersecurity incidents.
+Added: On at least a quarterly basis, Ms.
+Added: Dietrich chairs the IT Governance Committee, which includes the executive management team.
+Added: The purpose of this committee is to inform and make strategic decisions on IT related matters, including the prevention, detection, mitigation and remediation of cybersecurity incidents.
+Added: In addition, Ms.
+Added: Dietrich regularly reviews key cybersecurity risk metrics and reporting designed to measure the effectiveness of related processes and procedures.
+Added: Dietrich utilizes this information in her reporting to the Board and Audit Committee of the Board.
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
1 unchanged sentence
Christopher L.
−Removed: Chairman of the Board effective December 21, 2013;
−Removed: President and Chief Executive Officer effective December 31, 2012;
+Added: Executive Chairman of the Board since January 1, 2024;
+Added: Chairman of the Board from December 21, 2013 to December 31, 2023;
+Added: President and Chief Executive Officer from December 31, 2012 to December 31, 2023;
Chief Operating Officer from September 1, 2011 to December 31, 2012;
Director since February 2010.
+Added: President and Chief Executive Officer since January 1, 2024;
+Added: Executive Vice President, Chief Operating Officer from May 9, 2022 to December 31, 2023;
+Added: Executive Vice President and President, Americas and International Welding from October 21, 2020 to May 9, 2022;
+Added: Executive Vice President and President, International Welding from June 1, 2017 to October 21, 2020;
+Added: Senior Vice President and President, Global Automation from January 22, 2015 to June 1, 2017;
+Added: Senior Vice President, Strategy & Business Development from February 19, 2014 to January 22, 2015;
+Added: Vice President, Strategy and Business Development from September 15, 2008 to February 19, 2014.
Gabriel Bruno
10 unchanged sentences
Deputy General Counsel from 2004 to August 1, 2014.
−Removed: Executive Vice President, Chief Operating Officer since May 9, 2022;
−Removed: Executive Vice President and President, Americas and International Welding from October 21, 2020 to May 9, 2022;
−Removed: Executive Vice President and President, International Welding from June 1, 2017 to October 21, 2020;
−Removed: Senior Vice President and President, Global Automation from January 22, 2015 to June 1, 2017;
−Removed: Senior Vice President, Strategy & Business Development from February 19, 2014 to January 22, 2015;
−Removed: Vice President, Strategy and Business Development from September 15, 2008 to February 19, 2014.
Executive Vice President, Chief Human Resources Officer since February 25, 2019;
12 unchanged sentences
Director, New Product Development, Consumables R&D from January 1, 2012 to January 1, 2015.
−Removed: Senior Vice President, President International since August 1, 2022.
+Added: Senior Vice President, President, Americas Welding since January 1, 2024;
+Added: Senior Vice President, President International from August 1, 2022 to December 31, 2023;
Senior Vice President, President, International Welding from December 10, 2020 to August 1, 2022;
3 unchanged sentences
Gregory Doria
−Removed: Senior Vice President, President, Harris Products Group since October 1, 2021;
+Added: Senior Vice President, President, Harris Products Group and Asia Pacific Welding since January 1, 2024;
+Added: Senior Vice President, President, Harris Products Group from October 1, 2021 to December 31, 2023;
Senior Vice President, Chief Operating Officer, Harris Products Group from April 21, 2021 to September 30, 2021;
5 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.