You should carefully review and consider the information regarding certain factors that could materially affect our business, financial condition or future results set forth under Item 1A (Risk Factors) in our Annual Report on Form 10-K for the fiscal year ended July 1, 2022.
−Removed: The following risk factor should be read in conjunction with the risk factors described in the Annual Report on Form 10-K:
−Removed: Price inflation for labor and materials, further exacerbated in energy and commodity markets by the Russian invasion of Ukraine, could adversely affect our business, results of operations, and financial condition.
−Removed: We have experienced considerable price inflation in our costs for labor and materials, which may adversely affect our business, results of operations, and financial condition.
−Removed: We may not be able to pass through inflationary cost increases under our existing firm fixed price commercial item contracts and we may only be able to recoup a portion of our increased costs under our reimbursement-type contracts.
−Removed: Our ability to raise prices to reflect increased costs may be limited by competitive conditions in the market for our products and services.
−Removed: Russia’s invasion of Ukraine, and any prolonged conflict there, may result in increased inflation, escalating energy and commodity prices, and increasing costs of materials.
−Removed: We continue to work to mitigate such pressures on our business operations as they develop.
−Removed: To the extent the war in Ukraine may adversely affect our business as discussed above, it may also have the effect of heightening many of the other risks described in "Item 1A.
−Removed: Risk Factors" of our 2021 Annual Report on Form 10-K, such as those relating to cyber security, supply chain, volatility in prices, and market conditions, any of which could negatively affect our business and financial condition.
+Added: There have been no changes from the factors disclosed in our 2022 Annual Report on Form 10-K filed on August 16, 2022, although we may disclose changes to such factors from time to time in our future filings with the Securities and Exchange Commission.
The following Exhibits are filed or furnished, as applicable, herewith:
+Added: Letter Agreement, dated July 26, 2021, between the Company and Thomas Huber
+Added: Letter Agreement, dated September 15, 2021, between the Company and James M.
+Added: Letter Agreement, dated September 17, 2021, between the Company and Charles R.
Certification of the Company’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
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MERCURY SYSTEMS, INC.
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in Andover, Massachusetts, on May 10, 2022.
+Added: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in Andover, Massachusetts, on November 8, 2022.
MERCURY SYSTEMS, INC.
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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.