4 unchanged sentences
The risks described here and in our 2021 Annual Report on Form 10-K are not the only risks we face.
−Removed: Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.
+Added: Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely
+Added: affect our business, financial condition and/or operating results.
The discussion of the risk factors below updates the corresponding disclosure under the same headings in the 2021 Annual Report on Form 10-K and may contain material changes to the corresponding risk factor discussion in our 2021 Annual Report on Form 10-K.
13 unchanged sentences
Also, in light of these events, we have substantially suspended our operations in Russia.
−Removed: Although, our operations in Russia do not constitute a material portion of our business, the closure of our operations in Russia, combined with the general economic impact of the conflict, could have a material, adverse effect on our revenues and costs for materials and services.
+Added: Although our operations in Russia have not historically constituted a material portion of our business, the closure of our operations in Russia, combined with the general economic impact of the conflict, could have a material, adverse effect on our revenues and costs for materials and services.
Furthermore, if the conflict between Russia and Ukraine continues for a long period of time, or if other countries, including the U.S., become further involved in the conflict, we could face significant adverse effects to our overall business and financial condition.
25 unchanged sentences
The actions by the U.S.
−Removed: government in response to the conflict between Russia and Ukraine, among other factors, has had an adverse impact on the cost of the petroleum-based manufacturing materials that we purchase.
−Removed: The military conflict in Ukraine has also had a general, adverse impact on supply interruptions and further hinders our ability to find the materials we need to make our products.
+Added: government in response to the conflict between Russia and Ukraine, among other factors, have had an adverse impact on the cost of the petroleum-based manufacturing materials that we purchase.
+Added: The military conflict in Ukraine has also had a general, adverse impact on supply chains and further hinders our ability to find the materials we need to make our products.
Supply disruptions such as these are making it harder for us to find favorable pricing and reliable sources for the materials we need, putting upward pressure on our costs and increasing the risk that we may be unable to acquire the materials and services we need to continue to make certain products.
11 unchanged sentences
We currently conduct our business in various foreign countries, and we expect to continue to expand our foreign operations.
−Removed: As a result, we are subject to the FCPA, the U.K.
+Added: As a result, we are subject to the U.S.
+Added: Foreign Corrupt Practices Act (“FCPA”), the U.K.
Bribery Act, and similar anti-corruption laws in non-U.S.
9 unchanged sentences
Third Amended and Restated Bylaws*
−Removed: Deferred Compensation Plan for Non-Employee Directors †
−Removed: Performance Stock Unit Award Agreement (Three Year Performance Period) dated May 19, 2022 by and between Merit Medical Systems, Inc.
−Removed: and Neil Peterson †
+Added: Indemnification Agreement, dated as of June 17, 2021, between the Company and Stephen C.
+Added: Form of Indemnification Agreement, dated as of May 19, 2022, between the Company and each of Laura Kaiser and Michael McDonnell †
+Added: Indemnification Agreement, dated as of October 22, 2022, between the Company and Neil Peterson †
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
2 unchanged sentences
Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: The following financial information from the quarterly report on Form 10-Q for the quarter ended June 30, 2022, formatted in Inline Extensible Business Reporting Language (iXBRL):
+Added: The following financial information from the quarterly report on Form 10-Q for the quarter ended September 30, 2022, formatted in Inline Extensible Business Reporting Language (iXBRL):
(i) Consolidated Balance Sheets, (ii) Consolidated Statements of Income, (iii) Consolidated Statements of Comprehensive Income (iv) Consolidated Statements of Stockholders’ Equity, (v) Consolidated Statements of Cash Flows, and (vi) related Condensed Notes to the Unaudited Consolidated Financial Statements, tagged in detail.
4 unchanged sentences
MERIT MEDICAL SYSTEMS, INC.
−Removed: August 5, 2022
+Added: October 28, 2022
Lampropoulos, President and
Chief Executive Officer
−Removed: August 5, 2022
+Added: October 28, 2022
/s/ RAUL PARRA
1 unchanged sentence
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.