2 unchanged sentences
Management does not expect that the results of any of these ordinary course legal proceedings, as presently positioned, will have a material adverse effect on Matthews' financial condition, results of operations or cash flows.
−Removed: In addition to these ordinary course legal proceedings, the Company is involved in the following legal proceeding.
+Added: In addition to these ordinary course legal proceedings, the Company is involved in the following legal proceedings.
On October 7, 2024, the United States District Court for the Northern District of California granted the Company’s motion to compel arbitration in response to a complaint filed by Tesla on June 14, 2024 against the Company in the Northern District of California, Civil Action No.
5:24-cv-03615 (N.D.
−Removed: Cal.), which alleged trade secret misappropriation under the DTSA and the CUTSA, breach of contract and unfair business practices.
−Removed: As a result of the Court’s favorable ruling, the matter filed by Tesla has been effectively stayed pending arbitration.
−Removed: The Company maintains the claims vaguely stated in the complaint are without merit and intends to vigorously defend itself against the allegations.
−Removed: The Company currently does not expect this matter will have a material adverse effect on Matthews' financial condition, results of operations or cash flows.
+Added: Cal.), which alleged trade secret misappropriation under the Defend Trade Secrets Act (the "DTSA") and the California Uniform Trade Secrets Act (the "CUTSA"), breach of contract and unfair business practices.
+Added: Given the Court’s favorable ruling, the matter filed by Tesla has been effectively stayed pending arbitration, which Tesla has initiated.
+Added: The Company maintains the claims vaguely stated in the complaint are without merit and continues to vigorously defend itself against the allegations in confidential arbitration.
+Added: In addition, on February 13, 2025, Tesla filed another additional complaint against the Company in the United States District Court for the Northern District of California alleging, in part, claims related to correction of inventorship, breach of contract, promissory estoppel and quasi-contract/restitution arising from and/or related to various U.S.
+Added: patents and provisional patents, including but not limited to U.S.
+Added: Similar to the prior matter, this case has also recently been compelled to confidential arbitration by the United States District Court for the Northern District of California.
+Added: The Company maintains the claims are without merit and intends to vigorously defend itself against the allegations in the confidential arbitration.
+Added: The Company is also defending a separate new confidential arbitration demand, initiated by Tesla on September 8, 2025, which alleges claims for breach of express warranty, declaratory relief, and breach of contract.
+Added: The arbitration demand seeks declaratory relief and actual damages, plus interest and costs.
+Added: An estimate of the possible loss or range of loss related to the foregoing matters cannot be made at this time given the continued lack of specificity in the pending proceedings and/or the applicable pleadings.
+Added: In light of the substantial harm caused to the Company by Tesla's actions, the Company is now pursuing counterclaims against Tesla.
+Added: As of the date of the filing of this Annual Report on Form 10-K, the Company does not expect these matters will have a material adverse effect on Matthews' financial condition, results of operations or cash flows.
Sales relating to dry battery electrode solutions were approximately 4% of the Company's sales for fiscal 2025.
7 unchanged sentences
Awenowicz 56 Senior Vice President, Human Resources
−Removed: Babe 67 Chief Technology Officer and Group President, Industrial Technologies
Davor Brkovich 57 Chief Information Officer
Gackenbach 62 Executive Vice President (Group President, Memorialization)
−Removed: Reena Gurtner 50 Senior Vice President, Human Resources
−Removed: Kohl 61 Executive Vice President (Group President, SGK Brand Solutions)
−Removed: Lee Lane 56 Executive Vice President (Group President, Matthews Automation Solutions and Matthews Environmental Solutions)
−Removed: Nicola 64 Chief Financial Officer and Secretary
−Removed: Walters 55 Executive Vice President and General Counsel
+Added: Lane 57 Executive Vice President (Group President, Industrial Technologies and Matthews Environmental Solutions)
+Added: Nicola 65 Chief Financial Officer and Treasurer
+Added: Walters 56 Executive Vice President, General Counsel, and Corporate Secretary
Bartolacci was appointed President and Chief Executive Officer effective October 2006.
Awenowicz was appointed Senior Vice President, Human Resources effective July 2021.
−Removed: Prior thereto, he served as Vice President of Americas Human Resources since May 2020 and prior thereto he served as Global Head of Human Resources Operations since February 2015, when he joined the Company.
−Removed: Babe was appointed Chief Technology Officer and Group President, Industrial Technologies effective October 2022.
−Removed: Prior thereto, he served as Chief Technology Officer since November 2015.
+Added: Prior thereto, he served as Vice President of Americas Human Resources since May 2020.
Davor Brkovich was appointed Chief Information Officer effective November 2019.
−Removed: Prior thereto, he had been interim Head of IT and Chief Information Officer since February 2019.
Gackenbach was appointed Executive Vice President (Group President, Memorialization) effective October 31, 2011.
−Removed: Reena Gurtner was appointed Senior Vice President, Human Resources effective July 2021.
−Removed: Prior thereto, she served as Vice President, Human Resources APAC, Middle East and Africa since May 2020 and prior thereto she served as Regional Director of Human Resources APAC since January 2013.
−Removed: Kohl was appointed Executive Vice President (Group President, SGK Brand Solutions) effective May 2017.
−Removed: Lee Lane was appointed Executive Vice President (Group President, Matthews Automation Solutions and Matthews Environmental Solutions) effective October 2022.
+Added: Lane was appointed Executive Vice President (Group President, Industrial Technologies and Matthews Environmental Solutions) effective February 2025.
+Added: Prior thereto, he served as Executive Vice President (Group President, Matthews Automation Solutions and Matthews Environmental Solutions) since October 2022.
Prior thereto, he served as Senior Vice President of Matthews Automation since June 2022.
Prior to joining the Company, he served as Vice President General Manager Sensing, Safety & Industrial Components Business at Rockwell Automation, Inc.
−Removed: since October 2020, and prior thereto he served as Vice President / General Manager Safety, Sensing & Connectivity Business at Rockwell Automation, Inc.
−Removed: since March 2017.
−Removed: Nicola was appointed Chief Financial Officer and Secretary effective December 2003.
+Added: since October 2020.
+Added: Nicola* was appointed Chief Financial Officer and Treasurer effective February 2025.
+Added: Prior thereto, Mr.
+Added: Nicola served as Chief Financial Officer and Secretary from December 2003 to February 2025.
Walters was appointed Executive Vice President and General Counsel effective February 2023.
+Added: Walters was also appointed Corporate Secretary effective February 2025.
Prior thereto, he served as Senior Vice President and General Counsel since February 2018.
+Added: *As previously disclosed, Steven F.
+Added: Nicola, the Company’s Chief Financial Officer and Treasurer, informed the Company of his plans to retire effective December 31, 2025.
+Added: The Board extends its gratitude to Mr.
+Added: Nicola for his many years of service to the Company.
+Added: In connection with the planned retirement of Mr.
+Added: Nicola, the Board appointed Daniel E.
+Added: Stopar, age 56, as successor to Mr.
+Added: Nicola as Matthews’ Chief Financial Officer and Treasurer, with related duties expected to transition from Mr.
+Added: Nicola to Mr.
+Added: Stopar effective December 1, 2025.
+Added: Stopar currently serves as Senior Vice President, Operations Controller & Head of Global Business Services of the Company, a position he has held since October 2020.
+Added: Prior to that, Mr.
+Added: Stopar served as the Company’s Vice President, Operations Controller from December 2017 to September 2020.
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.