13 unchanged sentences
Oil-Dri Corporation of America was incorporated in Delaware in 1969 as the successor to an Illinois corporation incorporated in 1946 (which was the successor to a partnership that commenced business in 1941).
−Removed: For additional information on recent business developments including the acquisition of Ultra Pet Company Inc., see “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in Part II, Item 7, incorporated herein by reference.
−Removed: P RINCIPAL P RODUCTS
−Removed: Agricultural and Horticultural Products
−Removed: We produce a wide range of granules and powders used to enhance agricultural and horticultural products.
−Removed: Our mineral-based absorbent products serve as carriers for biological and chemical active ingredients, drying agents, and growing media.
−Removed: Our brands include:
−Removed: Agsorb, an agricultural and horticultural carrier and drying agent;
−Removed: Verge, an engineered granule used as a carrier and drying agent;
−Removed: and Flo-Fre, a highly absorbent microgranule used as a flowability aid.
−Removed: Agsorb and Verge carriers are used in products that are alternatives to liquid sprays.
−Removed: These products are sold for lawn and garden and row crop applications.
−Removed: The clay granules absorb active ingredients and are then delivered directly into, or on top of the ground, providing a more precise application than liquid sprays.
−Removed: Verge carriers are spherical, uniform-sized granules with very low dust.
−Removed: Agsorb drying agent is blended into fertilizer-pesticide blends applied to absorb moisture and improve flowability.
−Removed: Flo-Fre microgranules are used by grain processors and other large handlers of bulk products to soak up excess moisture, which prevents caking.
−Removed: These products are sold primarily in the United States by our technical sales force.
−Removed: Animal Health and Nutrition Solutions
−Removed: We produce, or use contract processors to produce, Amlan brand name and private label products that support good health and productivity of species in livestock industries.
−Removed: For example, our products, including our Calibrin, Varium and NeoPrime products in our international markets, and Sorbiam, Ambio P and Ambio S products to customers in North America, provide a number of solutions for swine, poultry and dairy cattle livestock production.
−Removed: In addition, our MD-09 moisture manager product is a feed additive for the reduction of wet droppings in poultry and our Pel-Unite and Pel-Unite Plus products are specialized animal feed pellet binders.
−Removed: Our animal health and nutrition products are sold both directly and through a network of distributors to livestock producers, feed mill operators, nutritionists and veterinarians in the United States, Latin America, Africa, Mexico, the Middle East and Asia.
−Removed: The sales force for our subsidiaries located in China, Mexico and Indonesia also sells these products, as further described in Foreign Operations below.
−Removed: Fluids Purification Products
−Removed: We produce an array of adsorbent products for bleaching, purification and filtration applications that are used around the world by edible oil processors, as well as by refiners of renewable diesel, jet fuel and other petroleum-based products.
−Removed: Bleaching clays are used by edible oil processors to adsorb soluble contaminants that promote oxidation problems.
−Removed: Our Pure-Flo and Perform bleaching clays remove impurities, such as trace metals, chlorophyll and color bodies, in various types of edible oils.
−Removed: Perform products provide increased activity for hard-to-bleach oils.
−Removed: Our Select adsorbents are used in a pre-treatment process to remove metals and trace soap in vegetable oil processing.
−Removed: Our Select adsorbents can also be used to pre-treat oil in the processing of biodiesel.
−Removed: Metal-X and Metal-Z are highly efficient adsorbents for the renewable diesel market.
−Removed: Our Ultra-Clear product is used as a purification and filtration medium for jet fuel and other petroleum-based products.
−Removed: These products are sold in the United States and in international markets by our team of technical sales employees, distributors and sales agents.
−Removed: Cat Litter Products
+Added: For additional information on recent business developments, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in Part II, Item 7, incorporated herein by reference.
+Added: O PERATING S EGMENTS
+Added: We have two reportable operating segments for financial reporting derived from the different characteristics of our two major customer groups:
+Added: the Retail and Wholesale Products Group and the Business to Business Products Group.
+Added: The Retail and Wholesale Products Group customers include mass merchandisers, the farm & fleet channel, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, online retailers, co-packaged products customers, distributors of industrial cleanup and automotive products, environmental service companies and users of sports field products and sports turf materials.
+Added: The Business to Business Products Group customers include processors and refiners of edible oils, renewable diesel, petroleum-based oils and biodiesel fuel;
+Added: manufacturers of animal feed and agricultural chemicals;
+Added: and distributors of animal health and nutrition products.
+Added: Certain financial information on both segments is contained in Note 3 of the Notes to the Consolidated Financial Statements and is incorporated herein by reference.
+Added: P RINCIPAL P RODUCTS B Y O PERATING S EGMENT
+Added: Retail and Wholesale Products Group
We produce two types of mineral-based cat litter products, scoopable and coarse non-clumping litters, both of which have absorbent and odor controlling characteristics.
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Lightweight scoopable litters offer high performance with the added convenience of being lighter to carry and pour.
+Added: All of our cat litter products are sold both domestically and internationally.
Branded products .
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Co-packaged products.
−Removed: We have a long-term supply arrangement with A&M Products Manufacturing Company, a subsidiary of The Clorox Company ("Clorox"), under which we manufacture branded non-clumping litters.
−Removed: Under this co-manufacturing relationship, the marketer controls all aspects of sales, marketing, and distribution, as well as the odor control formula, and we are responsible for manufacturing.
−Removed: Under the long-term supply agreement with Clorox we have the exclusive right to supply Clorox’s requirements for Fresh Step coarse cat litter up to certain levels.
+Added: We have a long-term supply agreement with A&M Products Manufacturing Company, a subsidiary of The Clorox Company ("Clorox"), under which we manufacture branded non-clumping litters.
+Added: Under this agreement, the marketer controls all aspects of sales, marketing, and distribution, as well as the odor control formula, and we are responsible for manufacturing.
+Added: This long-term supply agreement with Clorox grants us the exclusive right to supply Clorox’s requirements for Fresh Step coarse cat litter up to certain levels.
Crystal litter products.
−Removed: Additionally, effective May 1, 2024, as a result of the acquisition of Ultra Pet Company Inc.
+Added: Additionally, effective May 1, 2024, as a result of our acquisition of Ultra Pet Company, Inc.
("Ultra Pet"), we began selling crystal cat litter made of synthetic silica-gel granules.
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Crystals are 99.9% dust free and absorb up to 90% of their weight in liquid.
−Removed: The product portfolio includes brands such as Ultra, Litter Pearls, and Cat's Pride, as well as many private label offerings.
+Added: The acquired product portfolio includes brands such as Ultra, Litter Pearls, and Cat's Pride, as well as many private label offerings.
These products are sold to consumers both domestically and internationally through e-commerce and brick and mortar retail stores.
−Removed: Industrial and Automotive Products
+Added: Industrial and Automotive
We manufacture and/or sell products made from clay, polypropylene and recycled materials that absorb oil, acid, paint, ink, water and other liquids.
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Our Oil-Dri branded polypropylene-based and recycled products are sold in various forms, such as pads, rolls, socks, booms and spill kits.
−Removed: Industrial and automotive sorbent products are sold through distribution networks that includes industrial, auto parts, safety, sanitary supply, chemical and paper distributors.
−Removed: These products are also sold through environmental service companies, mass-merchandisers, catalogs and through e-commerce.
−Removed: Sports Products
+Added: Industrial and automotive sorbent products are sold through distribution networks that include industrial, auto parts, safety, sanitary supply, chemical and paper distributors.
+Added: These products are also sold both domestically and internationally through environmental service companies, mass-merchandisers, catalogs and e-commerce.
We manufacture and sell both branded and private label sports products.
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Sports products are used at all levels of play, including professional, college and high school and on municipal fields.
−Removed: These products are sold through distributors of sport turf materials as well as to sports field product users.
−Removed: B USINESS S EGMENTS
−Removed: We have two reportable operating segments for financial reporting derived from the different characteristics of our two major customer groups:
−Removed: the Retail and Wholesale Products Group and the Business to Business Products Group.
−Removed: The Retail and Wholesale Products Group customers include mass merchandisers, the farm & fleet channel, drugstore chains, pet specialty retail outlets, dollar stores, retail grocery stores, online retailers, co-packaged products customers, distributors of industrial cleanup and automotive products, environmental service companies and users of sports field products and sports turf materials.
−Removed: The Business to Business Products Group customers include processors and refiners of edible oils, renewable diesel, petroleum-based oils and biodiesel fuel;
−Removed: manufacturers of animal feed and agricultural chemicals;
−Removed: and distributors of animal health and nutrition products.
−Removed: Certain financial information on both segments is contained in Note 3 of the Notes to the Consolidated Financial Statements and is incorporated herein by reference.
+Added: These products are sold domestically through distributors of sport turf materials as well as directly to sports field product users.
+Added: Business to Business Products Group
+Added: Fluids Purification
+Added: We produce an array of adsorbent products for bleaching, purification and filtration applications that are used around the world by edible oil processors, as well as by refiners of renewable diesel, jet fuel and other petroleum-based products.
+Added: Bleaching clays are used by edible oil processors to adsorb soluble contaminants that promote oxidation problems.
+Added: Our Pure-Flo and Perform bleaching clays remove impurities, such as trace metals, chlorophyll and color bodies, in various types of edible oils.
+Added: Perform products provide increased activity for hard-to-bleach oils.
+Added: Our Select adsorbents are used in a pre-treatment process to remove metals and trace soap in vegetable oil processing.
+Added: Our Select adsorbents can also be used to pre-treat oil in the processing of biodiesel.
+Added: Metal-X and Metal-Z are highly efficient adsorbents for the renewable diesel market.
+Added: Our Ultra-Clear product is used as a purification and filtration medium for jet fuel and other petroleum-based products.
+Added: These products are sold in the United States and in international markets by our team of technical sales employees, distributors and sales agents.
+Added: Agricultural and Horticultural
+Added: We produce a wide range of granules and powders used to enhance agricultural and horticultural products.
+Added: Our mineral-based absorbent products serve as carriers for biological and chemical active ingredients, drying agents, and growing media.
+Added: Our brands include:
+Added: Agsorb, an agricultural and horticultural carrier and drying agent;
+Added: Verge, an engineered granule used as a carrier and drying agent;
+Added: and Flo-Fre, a highly absorbent microgranule used as a flowability aid.
+Added: Agsorb and Verge carriers are used in products that are alternatives to liquid sprays.
+Added: These products are sold for lawn and garden and row crop applications.
+Added: The clay granules absorb active ingredients and are then delivered directly into, or on top of the ground, providing a more precise application than liquid sprays.
+Added: Verge carriers are spherical, uniform-sized granules with very low dust.
+Added: Agsorb drying agent is blended into fertilizer-pesticide blends applied to absorb moisture and improve flowability.
+Added: Flo-Fre microgranules are used by grain processors and other large handlers of bulk products to soak up excess moisture, which prevents caking.
+Added: These products are sold primarily in the United States by our technical sales force.
+Added: Animal Health and Nutrition
+Added: We produce, or use contract processors to produce, Amlan brand name and private label products that support good health and productivity of species in livestock industries.
+Added: For example, our products, including our Calibrin, Varium and NeoPrime products in our international markets, and Sorbiam, Ambio P and Ambio S products to customers in North America, provide a number of solutions for swine, poultry and dairy cattle livestock production.
+Added: In addition, our MD-09 moisture manager product is a feed additive for the reduction of wet droppings in poultry and our Pel-Unite and Pel-Unite Plus products are specialized animal feed pellet binders.
+Added: Our animal health and nutrition products are sold both directly and through a network of distributors to livestock producers, feed mill operators, nutritionists and veterinarians in the United States, Latin America, Africa, Mexico, the Middle East and Asia.
+Added: The sales force for our subsidiaries located in China, Mexico and Indonesia also sell these products, as further described in Foreign Operations below.
F OREIGN O PERATIONS
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Incorporated herein by reference are Item 1A "Risk Factors," which describes other risks that could impact our foreign operations, and Note 3 of the Notes to the Consolidated Financial Statements, which contains certain financial information about our foreign operations.
−Removed: Sales to Walmart Inc.
−Removed: (“Walmart”) and its affiliates accounted for approximately 20% and 19% of our total net sales for fiscal years 2024 and 2023, respectively.
−Removed: Sales to Walmart are comprised of a variety of products including but not limited to, multiple scoopable and coarse cat litter items and accessories.
(“Walmart”) is a customer in our Retail and Wholesale Products Group with whom we have a long-term relationship.
+Added: Sales to Walmart and its affiliates accounted for approximately 19% and 20% of our total net sales for fiscal years 2025 and 2024, respectively.
+Added: Sales to Walmart are comprised of a variety of products including but not limited to, multiple scoopable, coarse, and crystal cat litter items and accessories.
There are no customers in the Business to Business Products Group with sales equal to or greater than 10% of our total sales.
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Two of the principal competitors relate to our Industrial and Sports products while the other four relate to our cat litter products.
−Removed: The overall cat litter market has grown in recent years, with market share of scoopable cat litter, coarse non-clumping, and crystal litter increasing in fiscal year 2024.
The overwhelming majority of all cat litter is mineral based, including both scoopable and coarse non-clumping litter.
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We provide our customers with product innovation, a nation-wide distribution network and strong customer service.
−Removed: Our exceptional sales and research and development teams, as well as our being vertically integrated, gives us a further advantage over smaller and regional manufacturers.
+Added: Our exceptional sales and research and development teams, as well as our being vertically integrated, give us a further advantage over smaller and regional manufacturers.
With the acquisition of Ultra Pet and our subsequent entrance into the crystal cat litter market we continue to expand our customer offerings.
−Removed: We currently have nine principal competitors in our Business to Business Products Group compared to six reported in fiscal year 2023.
−Removed: This increase was due to a re-assessment of principal competitors, reflecting the growing areas of our business.
−Removed: None of these competitors were new to the market.
−Removed: Our bleaching clay and fluid purification products are sold in a highly cost competitive global marketplace.
+Added: We currently have nine principal competitors in our Business to Business Products Group.
+Added: Our bleaching clay and fluids purification products are sold in a highly cost competitive global marketplace.
+Added: The demand for these products has grown in recent years due to the use of our products in the filtration of renewable diesel.
Performance is a primary competitive factor for these products.
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R ESEARCH AND D EVELOPMENT
−Removed: We develop new products and applications and improve existing products at our research and development center in Vernon Hills, Illinois.
−Removed: The center includes a pilot plant that simulates the production processes of our customers and our manufacturing plants.
−Removed: In addition, our microbiology lab is within walking distance of our existing research and development center and is dedicated primarily to the development of our animal health products.
+Added: We develop new products and applications and improve existing products at our research and development center, the Nick Jaffee Center for Innovation, located in Vernon Hills, Illinois.
+Added: The Nick Jaffee Center for Innovation includes a pilot plant that simulates the production processes of our customers and our manufacturing plants.
+Added: In addition, our microbiology lab, the Richard M.
+Added: Jaffee Laboratory for Applied Microbiology, is within walking distance of the Nick Jaffee Center for Innovation and is dedicated primarily to the development of our animal health products.
Our staff (and various consultants they engage from time to time) have experience in disciplines such as biology, microbiology, chemistry, physics, mathematics, geological and earth science, material science, geochemistry, physical catalysis, animal nutrition, and the animal sciences.
In the past several years, our research efforts have resulted in a number of new sorbent products and processes.
−Removed: The research and development center produces prototype samples and tests new products for customer trial and evaluation.
−Removed: No significant research and development was customer sponsored, and all research and development costs are expensed in the period in which
+Added: The Nick Jaffee Center for Innovation produces prototype samples and tests new products for customer trial and evaluation.
+Added: No significant research and development was customer sponsored, and all research and development costs are expensed in the period in which incurred.
See Note 1 of the Notes to the Consolidated Financial Statements for further information about research and development expenses.
−Removed: B ACKLOG AND S EASONALITY
−Removed: As of July 31, 2024 and 2023, the value of our backlog of orders were approximately $1.8 million and $3.6 million respectively.
−Removed: Certain customers place orders for a full year of orders with future requested ship dates.
−Removed: Accordingly, we define backlog as purchase orders that we have received from customers and that we have accepted, but that have not shipped by the customers’ requested ship dates.
−Removed: This value was determined by the number of tons on backlog order and the net selling prices.
−Removed: We have continued to monitor and maintain backlog at low and healthy levels reflecting mostly customer pick up delays and typical rollover orders.
We consider our business, taken as a whole, to be moderately seasonal;
however, business activities of certain customers, such as agricultural chemical manufacturers and edible oil producers, are subject to such seasonal factors as crop acreage planted, product formulation cycles and weather conditions.
−Removed: E FFECTS OF I NFLATION
−Removed: Inflation generally affects us by increasing the cost of employee wages and benefits, transportation, processing equipment, purchased raw materials and packaging, energy and borrowings under our credit facility.
−Removed: See Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for further discussion of these costs.
+Added: Additionally, demand for our sports products fluctuates depending on the time of year that certain sports, including baseball, softball, football, cricket, and soccer are played.
We have obtained or applied for patents for certain of our processes and products sold to customers in both the Retail and Wholesale Products Group and the Business to Business Products Group.
−Removed: patents are currently granted for a term of 20 years from the date the patent application is filed and durations of patents issued outside of the United States vary from country to country.
+Added: patents are currently granted for a term of 20 years from the date the patent application is filed, and our U.S.
+Added: patents generally have durations of 15-20 years.
+Added: The durations of patents issued outside of the United States vary from country to country, and generally have durations of 10-15 years.
Our patents, particularly our U.S.
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Based on our rate of consumption during fiscal year 2025, and without regard to any of our reserves in Nevada or Tennessee, we consider our proven and probable reserves adequate to supply our needs for over forty years.
−Removed: Although we consider these reserves to be extremely valuable to our business, only a small portion of the reserves, those which were acquired in acquisitions, are reflected at cost on our balance sheet.
+Added: Although we consider these reserves to be extremely valuable to our business, we do not believe they have inherent value and only become valuable through the mining and manufacturing methods as further described in Item 2 "Properties".
It is our policy to attempt to maintain a minimum of forty years of proven and probable reserves of each type of clay at each location.
−Removed: We have an ongoing program of exploration for additional reserves but we cannot assure that additional reserves will continue to become available.
+Added: We have an ongoing program of exploration for additional reserves, but we cannot provide assurance that additional reserves will continue to become available.
Our use of these reserves, and our ability to explore for additional reserves, are subject to compliance with existing and future federal and state statutes and regulations regarding mining and environmental compliance.
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Processing facilities are generally accessed from the mining areas by private and public roads and in some instances by public highways.
−Removed: Each of our processing facilities maintains inventories of unprocessed clay of approximately one week of production requirements.
−Removed: All key permits have either been obtained by us, or approval is expected to be received in the normal course of business.
+Added: Each of our processing facilities maintains inventories of unprocessed clay for approximately one week of production requirements.
+Added: All material permits have either been obtained by us, or approval is expected to be received in the normal course of business.
See Item 2 “Properties” below for additional information regarding our mining properties and operations.
−Removed: The following schedule summarizes the net book value of land and other plant and equipment for each of our manufacturing facilities as of July 31, 2024 (in thousands).
+Added: The following schedule summarizes the net book value of land, mining assets and other plant and equipment for each of our manufacturing facilities as of July 31, 2025 (in thousands).
Of the mining assets, $0.8 million relates to mineral rights.
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and approximately 15 of our teammates in Canada are represented by labor unions, with whom we have entered into separate collective bargaining agreements.
−Removed: We consider our employee relations to be satisfactory.
+Added: We consider our employee relations with our teammates represented by labor unions to be satisfactory.
Oil-Dri’s culture and values, along with its teammates, are our most valuable assets.
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“WE CARE” is an acronym for remembering our core values, which is the moral standard that we endeavor to apply to our teammates, customers, vendors, and other stakeholders.
−Removed: We continuously work to reinforce these values through leading by
−Removed: example, training, and rewarding positive behaviors.
+Added: We continuously work to reinforce these values through leading by example, training, and rewarding positive behaviors.
We use “WE CARE” values as a moral compass to constantly strive for continuous improvement.
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The first “E” in "WE CARE" represents Ethics.
−Removed: Oil-Dri’s ethical culture is one of our greatest strengths and areas of emphasis by our Board of Directors and management team.
−Removed: Our CEO is asked to speak on this topic at local business schools, including the Kellogg School of Management at Northwestern and Marquette University.
+Added: Oil-Dri’s ethical culture is one of our greatest strengths and areas of emphasis by our Board of Directors ("Board") and management team.
+Added: Our Chief Executive Officer ("CEO") has been asked to speak on this topic at local business schools, including the Kellogg School of Management at Northwestern and Marquette University.
Our CEO’s continued messaging to all Oil-Dri teammates about the importance of our ethical culture helps maintain a strong tone at the top for our entire organization.
We have codified our compliance and ethics requirements through our Code of Ethics and Business Conduct, the Human Rights Policy, Supplier Code of Conduct and Whistleblower Response Policy.
−Removed: Under the direction of the Compliance Director, the Company’s compliance program ensures adherence to the highest ethical standards and regulatory requirements, including but not limited to the Foreign Corrupt Practices Act (FCPA), the Company’s Code of Ethics and Business Conduct, Whistleblower Protection, and other applicable public company standards.
+Added: Under the direction of the Vice President of Compliance, the Company’s compliance program ensures adherence to the highest ethical standards and regulatory requirements, including but not limited to the Foreign Corrupt Practices Act (FCPA), the Company’s Code of Ethics and Business Conduct, Whistleblower Protection, and other applicable public company standards.
As part of the focus on addressing potential risks and ensuring a global understanding of the various applicable policies and requirements, we have also translated our Code of Ethics and Business Conduct and our Supplier Code of Conduct into French, Mandarin and Spanish.
−Removed: Our Board of Directors also annually attests to Oil-Dri’s Code of Ethics and Business Conduct.
−Removed: The Compliance Director also conducts a thorough Third-Party Due Diligence process for new third-parties that includes the use of compliance software.
+Added: Our Board also annually attests to Oil-Dri’s Code of Ethics and Business Conduct.
+Added: The Vice President of Compliance also conducts a thorough third-party due diligence process for new third-parties that includes the use of compliance software.
In addition, our distributor and agent agreements include a mandatory anti-corruption regulatory compliance section.
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including sales teams across the globe as well as all Oil-Dri leadership personnel and other teammates in roles that support sales.
−Removed: As individual hotline cases are investigated, the Company's Compliance Director works with Human Resources and any other teammates involved in the investigation to ensure confidentiality is maintained and whistleblowers are protected;
−Removed: our compliance training emphasizes that this is not only required by law, but clearly fits with our "WE CARE" values.
+Added: As individual hotline cases are investigated, the Company's Vice President of Compliance works with Human Resources and any other teammates involved in the investigation to ensure confidentiality is maintained and whistleblowers are protected;
+Added: our compliance training emphasizes that this is not only required by law, but clearly fits with our "WE CARE"
All cases are investigated to conclusion, with follow up provided, where possible, on an anonymous basis back to the whistleblower through the anonymous third-party hotline.
−Removed: Diversity, Equity and Inclusion
"WE CARE" for all.
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We are committed to cultivating and preserving a culture of inclusion.
−Removed: That is why we created a Diversity, Equity and Inclusion ("DEI") team to help us live up to our "WE CARE" core values.
−Removed: This team represents a diverse group of colleagues across locations, functions and communities who are the Company’s champions for our diversity, equity, and inclusion initiatives.
−Removed: The DEI team strives to bring awareness and understanding of human diversity as a corporate imperative by engaging teammates in pertinent conversation, training, and education through a variety of ongoing initiatives.
We believe our success largely depends upon our continued ability to attract and retain highly skilled teammates.
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Workplace Flexibility
−Removed: During fiscal year 2024, Oil-Dri continued a hybrid work environment for non-manufacturing teammates with the option for some positions to be 100% remote.
+Added: During fiscal year 2025, Oil-Dri continued a hybrid work environment for many of our non-manufacturing teammates, with the option for some positions to be 100% remote.
Oil-Dri offers a wide range of employment opportunities including full and part-time positions which support our Work/Life Balance values.
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We engage with teammates on a regular basis through newsletters, townhalls, video announcements, meetings, and new hire luncheons with our CEO.
−Removed: On occasion, anonymous online surveys are issued to solicit feedback on various work-related topics.
+Added: On occasion, anonymous
+Added: online surveys are issued to solicit feedback on various work-related topics.
We come together to celebrate work anniversaries, birthdays, retirements and other special occasions.
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In addition to the environmental, health and safety requirements related to our mining and manufacturing operations and facilities, there has been increased federal, state and international regulation with respect to the content, labeling, use, packaging, registration, trade compliance, advertising, and disposal of products that we sell.
−Removed: For example, in the United States, some of our operations, products, product claims, labeling and advertising are regulated by the Food and Drug Administration ("FDA"), the Consumer Product Safety Commission ("CPSC"), OSHA, MSHA, EPA and the Federal Trade Commission
+Added: For example, in the United States, some of our operations, products, product claims, labeling and advertising are regulated by the Food and Drug Administration ("FDA"), the Consumer Product Safety Commission ("CPSC"), OSHA, MSHA, EPA and the Federal Trade Commission ("FTC").
Most states have agencies that regulate in parallel to these federal agencies.
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We endeavor to be in compliance at all times and in all material respects with those regulations and to assist our customers in that compliance.
−Removed: We cannot assure that, despite all commercially reasonable efforts, we will always be in compliance in all material respects with all applicable environmental laws and requirements nor can we assure that from time to time enforcement of such requirements will not have a material adverse effect on our business.
+Added: We cannot provide assurance that, despite all commercially reasonable efforts, we will always be in compliance in all material respects with all applicable environmental laws and requirements nor can we assure that from time to time enforcement of such requirements will not have a material adverse effect on our business.
The imposition of more stringent standards or requirements under such regulations could result in increased expenditures.
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Information related to corporate governance at Oil-Dri, including its Code of Ethics and Business Conduct, information concerning executive officers, directors and Board committees, and transactions in Oil-Dri securities by directors and executive officers, is available free of charge on or through the “Investors” section of our website at www.oildri.com.
−Removed: The information on our website in not included as a part of, nor incorporated by reference into, this Annual Report on Form 10-K.
+Added: The information on our website is not included as a part of, nor incorporated by reference into, this Annual Report on Form 10-K.
+Added: The SEC also maintains a website, www.sec.gov, that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC.
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.