6 unchanged sentences
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.
−Removed: 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: We conduct third-party and internal assessments of our information technology environments, including system penetration testing, test our recovery and response processes, and we consider industry standards when developing our information security program.
The Company has an information security training program, which calls for training all computer-based employees through various employee training modules relative to information security matters and phishing simulation events with employees to raise cybersecurity awareness.
1 unchanged sentence
We maintain processes to oversee and identify cybersecurity risks associated with our use of third-party service providers such as contract and vendor due diligence review, as well as annual review of the service providers’ independent audit report where applicable.
−Removed: 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: 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, including those arising from the use of AI
+Added: technologies.
+Added: AI-driven tools, whether deployed internally or by third parties, can introduce new vulnerabilities such as adversarial attacks, data poisoning, or unintended behaviors in automated decision-making systems.
To date, no such cybersecurity incidents have had or are reasonably likely to have a material impact on our Company, including its business strategy, results of operations or financial condition.
−Removed: However, if as a result of any future incidents 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: However, if as a result of any future incidents our systems are significantly damaged, cease to function properly or are subject to a significant cybersecurity incident, including those involving AI systems, 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.
The Company maintains an insurance policy with respect to cybersecurity and has undergone several simulation, preparedness and response exercises.
1 unchanged sentence
Risk Factors.
−Removed: 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.
−Removed: Our Board has delegated oversight of the risk assessment and mitigation process with respect to cybersecurity to the Audit Committee of our Board .
−Removed: The Audit Committee regularly monitors the Company’s cybersecurity risks and receives updates from the Chief Information Officer (“CIO”) at each meeting.
−Removed: In addition, the Audit Committee regularly reviews the overall effectiveness of the information technology security environment as part of quarterly updates provided by the CIO.
−Removed: The CIO reports to the full Board about cybersecurity on an annual basis.
−Removed: Our CIO has over 25 years of experience in the Information Technology (“IT”) and cybersecurity industry.
−Removed: The CIO is responsible for assessing and managing material risks from cybersecurity threats, including monitoring the prevention, detection, mitigation and remediation of cybersecurity incidents.
−Removed: On at least a quarterly basis, the CIO chairs the IT Governance Committee, which includes the executive management team.
+Added: The 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: The Board has delegated oversight of the risk assessment and mitigation process with respect to cybersecurity to the Audit Committee of the Board .
+Added: The Audit Committee regularly monitors the Company’s cybersecurity risks and receives updates from the Chief Digital Information Officer (“CDIO”) at each meeting.
+Added: In addition, the Audit Committee regularly reviews the overall effectiveness of the information technology security environment as part of quarterly updates provided by the CDIO.
+Added: The CDIO reports to the full Board about cybersecurity on an annual basis.
+Added: Our CDIO has over 25 years of experience in the Information Technology (“IT”) and cybersecurity industry.
+Added: The CDIO 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, the CDIO chairs a meeting of the IT Governance Committee, which includes the executive management team.
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.
−Removed: In addition, the CIO regularly reviews key cybersecurity risk metrics and reporting designed to measure the effectiveness of related processes and procedures as part of quarterly updates to the Audit Committee.
−Removed: The CIO utilizes this information in her reporting to the Board and Audit Committee of the Board.
+Added: In addition, the CDIO regularly reviews key cybersecurity risk metrics and reporting designed to measure the effectiveness of related processes and procedures as part of quarterly updates to the Audit Committee.
+Added: The CDIO utilizes this information in her reporting to the Board and Audit Committee of the Board.
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
EXECUTIVE OFFICERS OF THE REGISTRANT
−Removed: Chair of the Board since January 1, 2025;
+Added: Chairman of the Board since January 1, 2025;
President and Chief Executive Officer since January 1, 2024;
25 unchanged sentences
Gregory Doria
−Removed: Senior Vice President, President, Harris Products Group and Asia Pacific Welding since January 1, 2024;
+Added: Executive Vice President, President, International, since February 18, 2026;
+Added: Senior Vice President, President, International from May 1, 2025 to February 18, 2026;
+Added: Senior Vice President, President, Harris Products Group and Asia Pacific Welding from January 1, 2024 to May 1, 2025;
Senior Vice President, President, Harris Products Group from October 1, 2021 to December 31, 2023;
3 unchanged sentences
Regional Sales Manager, West Region from October 6, 2014 to February 28, 2017.
−Removed: Senior Vice President, President, Americas Welding, since February 5, 2025;
+Added: Executive Vice President, President, Global Automation, since February 18, 2026;
+Added: Senior Vice President, President, Global Automation from July 23, 2025 to February 18, 2026;
+Added: Chief Strategy Officer, JR Automation Group (an industry leader in multi vertical automation solutions), from March 2025 to July 2025;
+Added: Chief Operating Officer, JR Automation Group, from March 2021 to February 2025;
+Added: Vice President, ESYS (Detroit) Division, JR Automation, from August 2019 to February 2021.
+Added: Executive Vice President, President, Americans Welding, since February 18, 2026;
+Added: Senior Vice President, President, Americas Welding, from February 5, 2025 to February 18, 2026;
Senior Vice President, President, Global Automation, Cutting and Additive Businesses from January 1, 2019 to February 5, 2025;
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.