1 unchanged sentence
Environmental Matters:
−Removed: The Company’s Ocean Transportation business has certain risks that could result in expenditures for environmental remediation.
+Added: The Company faces certain risks that could result in material expenditures related to environmental remediation.
The Company believes that based on all information available to it, the Company is currently in compliance, in all material respects, with applicable environmental laws and regulations.
2 unchanged sentences
Other Matters:
−Removed: The Company and its subsidiaries are parties to, or may be contingently liable in connection with other legal actions arising in the normal course of their businesses, the outcomes of which, in the opinion of management after consultation with counsel, would not have a material effect on the Company’s financial condition, results of operations, or cash flows.
+Added: The Company and its subsidiaries are parties to, or may be contingently liable in connection with other legal actions arising in the normal course of their businesses, the outcomes of which, in the opinion of management after
+Added: consultation with counsel, would not have a material effect on the Company’s financial condition, results of operations, or cash flows.
+Added: There were no material changes to the Company’s risk factors previously described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 .
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.