Item 1A. Risk Factors
Item 1A. RISK FACTORS
There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025 in the section entitled “Risk Factors” within Part I, Item 1A, other than those noted below:
We have undertaken, and may in the future undertake, restructuring activities that could result in disruptions or otherwise adversely affect our business.
We have in the past and may in the future undertake internal restructuring activities in an effort to better align our resources with our business strategy. For example, in the first quarter of 2026, we implemented a voluntary and involuntary separation program with an associated reduction in workforce. These types of restructuring and cost reduction activities are complex and may result in unintended consequences and costs, such as unforeseen delays in the implementation of our strategic initiatives, business and operational disruptions, loss of institutional knowledge and expertise, attrition beyond our intended reduction-in-force, or a negative impact on employee morale and productivity or our ability to attract highly-skilled employees. We may not achieve or sustain the anticipated benefits, including any anticipated savings, of these restructuring or cost-reduction activities. Further, restructuring efforts are inherently risky, and we may not be able to predict the cost and timing of such actions accurately or properly estimate their impact.
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Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
Item 3. DEFAULTS UPON SENIOR SECURITIES
None.
Item 4. MINE SAFETY DISCLOSURES
None.
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