Information regarding the Company’s Risk Factors are set forth in the Company’s Annual Report on Form 10-K for the year ended June 30, 2021.
−Removed: There has been no material change in the risk factors previously disclosed in the Company’s Form 10-K for the three months ended September 30, 2021, except for the following:
−Removed: The Company’s Accounts receivable has a high degree of concentration in a small number of customers (43% among three customers as of September 30, 2021).
+Added: There has been no material change in the risk factors previously disclosed in the Company’s Form 10-K for the three and six months ended December 31, 2021, except for the following:
+Added: The Company’s Accounts receivable has a high degree of concentration in a small number of customers (42% among three customers as of December 31, 2021).
A credit loss resulting from one or more of these customers defaulting on their amounts due may negatively impact our financial condition and results of operations.
2 unchanged sentences
Certification Pursuant to Rule 13a-14(a)/15d-14(a) of Kevin S.
−Removed: Buchel, Senior Vice President of Operations and Finance
+Added: Buchel, Executive Vice President and Chief Financial Officer
Section 1350 Certifications
7 unchanged sentences
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.
−Removed: November 8, 2021
+Added: February 9, 2022
NAPCO SECURITY TECHNOLOGIES, INC.
2 unchanged sentences
(Chief Executive Officer)
−Removed: Senior Vice President of Operations and Finance and Treasurer
+Added: Executive Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
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.