2 unchanged sentences
Interest rates – We are exposed to market risk from changes in interest rates, primarily related to our indebtedness, CompX’s note receivable from affiliate and our investment in marketable debt securities.
−Removed: We have an outstanding principal amount of indebtedness of $.5 million at December 31, 2023 bearing interest at prime plus 1.875% (10.4% at December 31, 2023) with a maturity date of December 31, 2030.
+Added: We have an outstanding principal amount of indebtedness of $.5 million at December 31, 2024 bearing interest at prime plus 1.875%
+Added: (9.4% at December 31, 2024) with a maturity date of December 31, 2030.
The carrying value of such outstanding indebtedness approximates its fair value.
1 unchanged sentence
We received interest income of $1.0 million from the note during 2024.
−Removed: At December 31, 2023 we have $53.1 million invested in marketable debt securities, $35.4 held by CompX, at an average interest rate of approximately 4.6%.
Marketable equity security prices – We are exposed to market risk due to changes in prices of the marketable equity securities which we own.
13 unchanged sentences
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.