What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2026-08-24 compared with 2025-08-25 · 1 added, 1 removed, 15 unchanged (12% of the section changed)

4 unchanged sentences

Our investment portfolio includes fixed-income securities with a fair value of approximately $10.6 million at June 30, 2026.

These securities are subject to interest rate risk and, based on our investment portfolio at June 30, 2025, a 100 basis point increase in interest rates would result in a decrease in the fair value of the portfolio of approximately $322,000.

These securities are subject to interest rate risk and, based on our investment portfolio as of June 30, 2026, a 100 basis point increase in interest rates would result in a decrease in the fair value of the portfolio of approximately $213,000.

While an increase in interest rates may reduce the fair value of the investment portfolio, we will not realize the losses in the Consolidated Statements of Income unless the individual fixed-income securities are sold prior to recovery or the loss is determined to be other-than-temporary.

9 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.