What changed in this filing

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Item 1. Business

2026-10-08 compared with 2025-10-09 · 128 added, 157 removed, 157 unchanged (64% of the section changed)

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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.

Scoopable litters have the additional characteristic of clumping when exposed to moisture, allowing the consumer to selectively dispose of the used portion of the litter.

Scoopable litter products are further differentiated between lightweight and heavyweight.

Lightweight scoopable litters offer high performance with the added convenience of being lighter to carry and pour.

All of our cat litter products are sold both domestically and internationally.

We manufacture clay-based cat litter and supply crystal cat litter products.

Both are designed for absorbency and odor control.

Our clay-based offerings include scoopable and coarse non-clumping litters.

Scoopable litters clump when exposed to moisture, allowing consumers to remove and dispose of only the used portion.

These products are further differentiated into lightweight and heavyweight varieties, with lightweight scoopable litters providing strong performance along with the added convenience of easier carrying and pouring.

Our crystal cat litter is made from synthetic silica-gel granules and, like lightweight clay-based litter, offers a lightweight format with superior odor control.

Our crystal litter is 99.9% dust-free and provides long-lasting performance with minimal maintenance.

We sell our cat litter products domestically and internationally through e-commerce platforms and brick-and-mortar retail stores.

Branded products .

Our scoopable and non-clumping litters are sold under our Cat’s Pride and Jonny Cat brand names.

Our scoopable and non-clumping clay-based litters are sold under our Cat’s Pride and Jonny Cat brand names.

Our Cat's Pride litters created the lightweight segment of the scoopable litter market.

In fiscal year 2023, we launched Cat’s Pride Antibacterial Clumping Litter which is the first and only Environmental Protection Agency (“EPA”) approved antibacterial cat litter in the United States.

Our Cat’s Pride Antibacterial Clumping Litter was the first and is the only Environmental Protection Agency (“EPA”) approved antibacterial cat litter in the United States.

In addition, we offer our non-clumping litter in a pre-packaged, disposable tray under the Cat’s Pride KatKit brand.

Our crystal cat litters are sold under our Cat's Pride, Ultra and Litter Pearls brand names.

Moreover, we offer litter box liners under the Cat's Pride and Jonny Cat product lines.

These products are sold through independent food brokers and by our sales force to major grocery, drug, dollar store, mass-merchandiser, farm & fleet, and pet outlets, as well as through online retailers.

These products are sold through independent food

brokers and by our sales force to major grocery, drug, dollar store, mass-merchandiser, farm & fleet, and pet outlets, as well as through online retailers.

Private label products.

We produce private label scoopable and non-clumping cat litters.

Our lightweight scoopable litters lead our private label cat litter offerings.

We produce private label scoopable and non-clumping clay-based cat litters as well as crystal cat litter.

Co-packaged products.

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.

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.

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.

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.

Similar to Oil-Dri’s clay-based lightweight litter, Ultra Pet’s crystal litter products are lightweight with superior odor control.

Crystals are 99.9% dust free and absorb up to 90% of their weight in liquid.

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.

We have long-term supply agreements with A&M Products Manufacturing Company, a subsidiary of The Clorox Company ("Clorox"), under which we manufacture certain branded cat litter products.

Under these agreements, we are responsible for manufacturing finished goods of certain Fresh Step cat litter products based on market demand.

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.

These products have industrial, automotive, marine and home applications.

Our clay-based sorbent products, such as Oil-Dri branded and private label floor absorbents, are used for floor maintenance in industrial applications to provide a non-slip and non-flammable surface for workers.

These floor absorbents are also used in automotive repair facilities, car dealerships and other industrial applications, as well as for home use in garages and driveways.

Our Oil-Dri branded polypropylene-based and recycled products are sold in various forms, such as pads, rolls, socks, booms and spill kits.

Industrial and automotive sorbent products are sold through distribution networks that include industrial, auto parts, safety, sanitary supply, chemical and paper distributors.

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.

Pro’s Choice Sports Field Products are used on baseball, softball, football, cricket, and soccer fields.

Pro’s Choice soil conditioners are used in field construction or as top dressing to improve drainage, suppress dust and improve field performance.

Pro Mound packing clay is used to construct pitcher’s mounds, catcher's stations and batter’s boxes.

Rapid Dry drying agent is used to wick away excess water from the infield.

Sports products are used at all levels of play, including professional, college and high school and on municipal fields.

These products are sold domestically through distributors of sport turf materials as well as directly to sports field product users.

We manufacture and market clay-based, polypropylene and recycled absorbent products used to absorb oil, water, chemicals and other liquids across industrial, automotive, marine, environmental, and residential applications.

Our product portfolio includes floor absorbents, spill containment products, pads, rolls, socks, booms and spill kits sold under branded and private-label offerings.

These products are distributed through industrial, automotive, safety, janitorial, chemical, and paper distributors as well as through retailers and e-commerce channels in domestic and international markets.

We manufacture and market Pro's Choice branded and private label sports field products used in the construction, maintenance, and improvement of natural turf athletic fields.

Our product offerings include infield conditioners, soil conditioners, packing clays, and drying agents that enhance drainage, field performance, and playability.

These products serve professional, collegiate, high school, and municipal sports facilities and are sold through multiple distribution channels.

Business to Business Products Group

Fluids Purification

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.

Bleaching clays are used by edible oil processors to adsorb soluble contaminants that promote oxidation problems.

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Our Select adsorbents can also be used to pre-treat oil in the processing of biodiesel.

Metal-X and Metal-Z are highly efficient adsorbents for the renewable diesel market.

Metal-X and Metal-Z are highly efficient adsorbents for the renewable diesel and sustainable aviation fuel markets.

Our Ultra-Clear product is used as a purification and filtration medium for jet fuel and other petroleum-based products.

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Agricultural and Horticultural

We produce a wide range of granules and powders used to enhance agricultural and horticultural products.

Our mineral-based absorbent products serve as carriers for biological and chemical active ingredients, drying agents, and growing media.

We manufacture granules and powders that enhance agricultural and horticultural products.

Our mineral-based absorbents serve as carriers for biological and chemical active ingredients, drying agents, and growing media.

Our brands include:

Agsorb, an agricultural and horticultural carrier and drying agent;

Verge, an engineered granule used as a carrier and drying agent;

and Flo-Fre, a highly absorbent microgranule used as a flowability aid.

Agsorb and Verge carriers are used in products that are alternatives to liquid sprays.

These products are sold for lawn and garden and row crop applications.

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.

Verge carriers are spherical, uniform-sized granules with very low dust.

Agsorb drying agent is blended into fertilizer-pesticide blends applied to absorb moisture and improve flowability.

Flo-Fre microgranules are used by grain processors and other large handlers of bulk products to soak up excess moisture, which prevents caking.

These products are sold primarily in the United States by our technical sales force.

Verge, an engineered carrier and drying granule;

and Flo-Fre, a highly absorbent microgranule designed to improve flowability.

Agsorb and Verge carriers support lawn and garden and row crop products that serve as alternatives to liquid sprays.

Their mineral granules absorb active ingredients and deliver them directly into or onto the soil, enabling more targeted application.

Verge carriers are spherical, uniformly sized granules with very low dust.

Agsorb drying agents are blended into fertilizer-pesticide formulations to absorb moisture and improve flowability.

Flo-Fre microgranules are used by grain processors and other bulk handlers to absorb excess moisture and prevent caking.

These products are sold primarily in the United States through our technical sales force.

Animal Health and Nutrition

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.

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.

For example, our products, including our Calibrin, Varium and

NeoPrime products in our international markets, and Sorbiam, Ambio P and Ambio S products sold to customers in North America, provide a number of solutions for swine, poultry and dairy cattle livestock production.

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.

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.

The sales force for our subsidiaries located in China, Mexico and Indonesia also sell these products, as further described in Foreign Operations below.

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Our Canadian business also manufactures or purchases and sells industrial granule floor absorbents, synthetic polypropylene sorbent materials and agricultural chemical carriers.

Our wholly-owned subsidiary, MBA Pet BV, located in the Netherlands, which was acquired on May 1, 2024 as part of the acquisition of Ultra Pet, is a distributor of silica gel-based cat litter to the Europe region.

Our wholly-owned subsidiary, MBA Pet BV, located in the Netherlands, which was acquired on May 1, 2024 as part of the acquisition of Ultra Pet Company, Inc.

("Ultra Pet"), is a distributor of silica gel-based cat litter to the Europe region.

Our wholly-owned subsidiary, Oil-Dri (U.K.) Limited, located in the United Kingdom, is a manufacturer, distributor and marketer of bleaching earth, industrial floor absorbents and cat litter.

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Oil-Dri (U.K.) Limited also sells synthetic polypropylene sorbent materials and plastic containment products.

Our wholly-owned subsidiary, Amlan Trading (Shenzhen) Company, Ltd., located in China, is dedicated to animal health and provides natural disease management solutions for livestock.

This subsidiary sells animal health and nutrition products under our Amlan brand name and under private label arrangements.

Our wholly-owned subsidiary, PT Amlan Perdagangan Internasional, located in Indonesia, also distributes our animal health and nutrition products.

Our wholly-owned subsidiaries, Amlan Trading (Shenzhen) Company, Ltd., located in China, and PT Amlan Perdagangan Internasional, located in Indonesia, are dedicated to our animal health business.

Our wholly-owned subsidiary, Oil-Dri SARL, located in Switzerland, performs various management, customer service and administrative functions for some of the international customers of our domestic operations.

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Advertising, promotion, merchandising and packaging also have a significant impact on retail consumer purchasing decisions, which primarily affects our Retail and Wholesale Products Group.

Most of the principal competitors for our Retail and Wholesale Products Group have substantially greater financial resources or market presence than we do and have established brands.

Most of the principal competitors for our Retail and Wholesale Products Group have established brands as well as substantially greater financial resources or market presence than we do.

These competitors may be able to spend more aggressively on advertising and promotional activities, introduce competing products more quickly and respond more effectively to changing business and economic conditions than us.

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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.

We currently have nine principal competitors in our Business to Business Products Group.

We also continue to expand our customer offerings, as evidenced by our recent entrance into the crystal cat litter market.

We currently have ten principal competitors in our Business to Business Products Group compared to nine reported in the prior year.

This is due to a reassessment of principal competitors as a result of a competitor's increased product offerings.

Our bleaching clay and fluids purification products are sold in a highly cost competitive global marketplace.

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R ESEARCH AND D EVELOPMENT

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.

The Nick Jaffee Center for Innovation includes a pilot plant that simulates the production processes of our customers and our manufacturing plants.

In addition, our microbiology lab, the Richard M.

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.

The Nick Jaffee Center for Innovation produces prototype samples and tests new products for customer trial and evaluation.

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.

We develop new products and applications and improve existing products at our research and development ("R&D") facilities in Vernon Hills, Illinois, which are comprised of the Nick Jaffee Center for Innovation (the "Innovation Center") and the Richard M.

Jaffee Laboratory for Applied Microbiology the "Microbiology Lab").

The Innovation Center includes a pilot plant that simulates the production processes of our customers and our manufacturing plants.

The Microbiology Lab is dedicated primarily to the development of our animal health products while also supporting growth of our agriculture and horticulture and cat litter products.

Our R&D team has experience in disciplines such as biology, microbiology, chemistry, physics, engineering, mathematics, geological and earth science, material science, geochemistry, physical catalysis, animal nutrition, and the animal sciences.

The R&D team collaborates with manufacturing teams at all Oil-Dri plants as well as with our commercial teams.

In the past several years, our research efforts and partnerships have resulted in several new sorbent products and processes.

The R&D team produces prototype samples and tests new products for customer trial and evaluation across all Oil-Dri businesses.

No significant R&D was customer sponsored, and all R&D costs are expensed in the period in which incurred.

See Note 1 of the Notes to the Consolidated Financial Statements for further information about R&D expenses.

We consider our business, taken as a whole, to be moderately seasonal;

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Equipment, Net

Taft, California $ 384 $ 899 $ 14,137

Ochlocknee, Georgia $ 8,183 $ 4,132 $ 48,650

Ripley, Mississippi $ 1,855 $ 864 $ 22,542

Mounds, Illinois $ 321 $ 922 $ 19,548

Blue Mountain, Mississippi $ 1,243 $ 81 $ 21,334

Taft, California $ 384 $ 866 $ 14,668

Ripley, Mississippi $ 1,855 $ 824 $ 24,475

We primarily use natural gas in the processing kilns to dry our clay products.

We monitor gas market trends, and we may contract for a portion of our anticipated fuel needs using forward purchase contracts to mitigate the volatility of our kiln fuel prices.

During fiscal years 2025 and 2024, we purchased several forward fuel contracts in Georgia and California which will cover a portion of our needs through fiscal year 2026.

H UMAN CAPITAL MANAGEMENT

As part of our efforts to drive continued growth and increased profitability, we are keenly focused on building an organization that attracts and retains top talent and develops the skills necessary to drive differentiation for our business.

As of July 31, 2025, we had approximately 928 employees globally, who we refer to as our teammates, of which 893 are based in the U.S and 35 are located internationally.

We believe our corporate offices, research and development center and manufacturing facilities are currently adequately staffed but there is no guarantee that this will always be possible.

Approximately 58 of our teammates in the U.S.

and approximately 15 of our teammates in Canada are represented by labor unions, with whom we have entered into separate collective bargaining agreements.

We consider our employee relations with our teammates represented by labor unions to be satisfactory.

As part of our efforts to drive continued growth and profitability, we are keenly focused on building an organization that attracts and retains top talent and develops the skills needed to differentiate our business.

As of July 31, 2026, we had approximately 927 employees globally, who we refer to as our teammates, including 892 based in the U.S and 35 located internationally.

We believe our corporate offices, research and development center and manufacturing facilities are currently adequately staffed, although there is no guarantee that this will always be possible.

Approximately 65 of our U.S.

teammates and 12 of our Canadian teammates are represented by labor unions under separate collective bargaining agreements.

We consider our relations with union-represented teammates to be satisfactory.

Oil-Dri’s culture and values, along with its teammates, are our most valuable assets.

We take pride in building a culture that emphasizes high moral and ethical values and conducts business with honesty, integrity and a passion for excellence.

Our approach is centered on collaboration, communication, and transparency, and we believe in the value of an open and accessible corporate structure.

We expect all our teammates to conduct business in an ethical and fair manner using our “WE CARE” values framework.

Oil-Dri's culture and the objectives that we focus on in managing our business are based on our “WE CARE” values.

“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.

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.

These values are embedded into everything we do and are reflected in our Code of Ethics and Business Conduct, formal policies and procedures, continuous training including training on workplace harassment, and a strong governance structure.

Our "WE CARE" values are also the basis of our formal teammate recognition process.

Our Code of Ethics and Business Conduct details how we act in accordance with these fundamental standards.

We take pride in fostering a culture grounded in strong moral and ethical standards, honesty, integrity and a passion for excellence.

Our approach emphasizes collaboration, communication, transparency, and an open, accessible corporate structure.

We expect all teammates to conduct business ethically and fairly using our “WE CARE” values framework.

Oil-Dri's culture and business objectives are based on our “WE CARE” values, which serve as the foundation for how we conduct business and engage with our teammates, customers, vendors and other stakeholders.

We reinforce these values through leadership, training, in-person collaboration, and recognition of positive behaviors.

They are embedded into our Code of Ethics and Business Conduct, formal policies and procedures, workplace harassment training, governance structure, and teammate recognition process.

Our Code of Ethics and Business Conduct outlines how we uphold these standards.

The first “E” in "WE CARE" represents Ethics.

Oil-Dri’s ethical culture is one of our greatest strengths and areas of emphasis by our Board of Directors ("Board") and management team.

Oil-Dri’s ethical culture is one of our greatest strengths and a key focus of our Board of Directors ("Board") and management team.

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.

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.

Our Board also annually attests to Oil-Dri’s Code of Ethics and Business Conduct.

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.

Oil-Dri has strong policies and procedures in place for anti-corruption and conflicts of interest.

This includes training and attestation requirements where appropriate.

Oil-Dri is committed to whistleblower protection and uses a third-party anonymous hotline available on our website, where teammates or third parties across the globe can reach out via phone or internet with any concerns they may have and be ensured of anonymity in reporting if they so desire.

The Company has documented and implemented procedures to ensure the protection of whistleblowers' employment status as well as protection from harassment in the workplace.

Our anti-corruption training emphasizes the necessity of whistleblower procedures, protection, and zero tolerance for retaliation.

This training is given within the first few months of hire to new teammates with sales and/or leadership roles that interact with customers and/or teammates outside the U.S.

Additionally, anti-corruption training is repeated annually at our Global Sales Meeting for all attending teammates;

including sales teams across the globe as well as all Oil-Dri leadership personnel and other teammates in roles that support sales.

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;

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.

"WE CARE" for all.

Our strength as a company comes from leveraging the uniqueness of all teammates and those in our communities.

We strive to promote a diverse and inclusive workforce for all.

We are committed to fostering a safe, collaborative, supporting and respectful environment that values diverse perspectives, mitigates unconscious bias and enables a culture where teammates can bring their authentic self to work.

We believe that Oil-Dri’s success is enhanced by endeavoring to attract and retain a workforce that reflects the diversity of the communities and countries in which we live and work.

We embrace all people, regardless of race, sex, gender identity, age, religion, nationality, physical ability or sexual orientation.

We are committed to cultivating and preserving a culture of inclusion.

We believe our success largely depends upon our continued ability to attract and retain highly skilled teammates.

We have demonstrated a history of investing in our teammates by providing market competitive salaries and bonuses at all levels of the Company that are consistent with similar roles, skill levels, experience, knowledge and geographic locations where we operate.

Our executive compensation programs include a deferred compensation plan and executive deferred bonuses, as well as opportunities for equity ownership through our restricted stock program under our long-term incentive plan.

We believe this aligns the interests of our executives with those of our shareholders.

We also provide access to training and development and an attractive employment package that promotes well-being, including health care, retirement plans, and paid time off.

In the U.S., we support our teammates’ desire to save for retirement by providing a 401(k) savings plan in which we contribute 100% of every employee dollar contributed, up to six percent (6%) of earnings and for which employees are fully vested after two (2) years of employment.

Outside of the U.S., employees are eligible for a variety of supplemental benefits based on local market practices.

The competitive compensation and benefit package have been key to the strong retention of our employees.

Our CEO regularly communicates expectations related to ethics, integrity, and compliance, helping to promote a strong tone at the top across the organization.

We have codified our compliance and ethics requirements through our Code of Ethics and Business Conduct, Human Rights Policy, Supplier Code of Conduct, and Whistleblower Response Policy.

Under the direction of the Vice President of Compliance, the Company’s compliance program ensures adherence to the highest ethical standards, regulatory requirements, and applicable public company obligations, including but not limited to the Foreign Corrupt Practices Act (FCPA), the Company’s Code of Ethics and Business Conduct, and Whistleblower Protection.

As part of the focus on addressing potential risks and ensuring a global understanding of the various applicable policies and requirements, we have translated our Code of Ethics and Business Conduct and Supplier Code of Conduct into French, Mandarin and Spanish.

Our Board annually attests to Oil-Dri’s Code of Ethics and Business Conduct.

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 and our distributor and agent agreements include a mandatory anti-corruption regulatory compliance section.

Oil-Dri maintains policies and procedures addressing anti-corruption and conflicts of interest, including training and attestation requirements where appropriate.

Oil-Dri is committed to whistleblower protection and uses a third-party anonymous hotline available by phone or online, where teammates or third parties worldwide may report concerns anonymously.

The Company has procedures to protect whistleblowers' employment status as well as protection from harassment in the workplace.

Anti-corruption training emphasizes these protections and is provided within the first few months of hire to new teammates in sales or leadership roles who interact with customers or teammates outside the U.S.

Training is repeated annually at our Global Sales Meeting for participating sales teams, leaders and teammates in sales support roles.

As hotline cases are investigated, the Company's Vice President of Compliance works with Human Resources and any other involved teammates to maintain confidentiality and protect whistleblowers.

Compliance training emphasizes that these protections are legally required and aligned with our "WE CARE" values.

All cases are investigated to conclusion, with follow up provided anonymously through the third-party hotline where possible.

Ultimately, our strength comes from leveraging the uniqueness of all teammates and those in our communities.

We strive to promote a diverse and inclusive workforce and foster a safe, collaborative, supportive and respectful environment that values diverse perspectives, mitigates unconscious bias and enables a culture where teammates can bring their authentic self to work.

We believe Oil-Dri’s success is enhanced by attracting and retaining a workforce that reflects the communities and

countries where we live and work.

We embrace all people, regardless of race, sex, gender identity, age, religion, nationality, physical ability or sexual orientation and are committed to cultivating a culture of inclusion.

We believe our success largely depends on attracting and retaining highly skilled teammates.

We invest in our teammates by providing market-competitive salaries and bonuses at all Company levels, aligned with role, skill level, experience, knowledge and geography.

Our executive compensation programs include a deferred compensation plan, executive deferred bonuses, and equity ownership opportunities through our restricted stock program under our long-term incentive plan, aligning executive and shareholder interests.

We also offer training and development and a benefits package that supports well-being, including health care, retirement plans, and paid time off.

In the U.S., we provide a 401(k) savings plan with a Company match of 100% of each employee dollar contributed, up to six percent (6%) of earnings, with full vesting after two (2) years of employment.

Outside of the U.S., employees are eligible for supplemental benefits based on local market practices.

Our competitive compensation and benefits package supports strong employee retention.

Teammate Health and Wellness

The success of our business is fundamentally connected to the well-being of our teammates.

As such, the health and wellness of our teammates is a top priority.

We offer robust and generous benefit programs to those who qualify, which include, but are not limited to, health, prescription drug, dental, life insurance and disability insurance.

We also offer wellness programs to those who qualify, to help our teammates live healthy lives.

Smoking cessation programs are offered to teammates at no cost.

We also offer gym and weight loss reimbursement in order to encourage a healthy lifestyle.

Our employee assistance program provides face-to-face, telephonic and online counseling services for a variety of potential needs that our teammates may have.

Our commitment to the wellness of our teammates is further evidenced by our paid time off and sick days program, which are part of the work/life balance component of our "WE CARE" values framework.

Our business success is closely connected to teammates' well-being, maintaining health and wellness a top priority.

We offer robust benefit programs to eligible teammates including health, prescription drug, dental, life and disability insurance.

We also provide wellness resources, including no-cost smoking cessation programs and gym and weight loss reimbursement to encourage healthy lifestyles.

Our employee assistance program offers face-to-face, telephonic and online counseling for a variety of needs.

Paid time off and sick days further support work/life balance as part of our "WE CARE" values framework.

Workplace Flexibility

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.

By providing these flexible work options, among other initiatives, we are able to attract and retain diverse talent throughout the Company.

During fiscal year 2026, Oil-Dri continued a hybrid work environment for many non-manufacturing teammates.

Oil-Dri offers a range of full- and part-time employment opportunities that support our work/life balance values.

Flexible workplace options help us attract and retain diverse talent across the Company.

Continuous Teammate Development

We encourage our teammates to reach their potential with continuous learning and improvement.

All teammates have access to our online training and development library for on-demand courses, webinars, books and podcasts.

Teammates may attend conferences and programs and/or obtain certifications that relate to their positions at no cost.

For teammates looking to further their education, we offer varying levels of tuition reimbursement programs after one year of employment.

This is designed to provide financial support to help teammates reach their educational goals, while also providing a way to support academic activities that directly relate to the organization’s identified knowledge, skills, and behaviors which support the mission, vision, and values of the Company.

We encourage our teammates to reach their potential through continuous learning and improvement.

All teammates have access to our online training and development library, including on-demand courses, webinars, books and podcasts.

Teammates may attend conferences and programs or obtain certifications related to their positions at no cost.

We also offer tuition reimbursement programs, at varying levels, after one year of employment.

These programs provide financial support for educational goals and academic activities that directly relate to the organization’s identified knowledge, skills, and behaviors which support the mission, vision, and values of the Company.

Teammate Engagement

Oil-Dri maintains an open-door policy that encourages conversations between teammates at all levels.

Communication goes both ways - ideas are shared and feedback is encouraged.

We engage with teammates on a regular basis through newsletters, townhalls, video announcements, meetings, and new hire luncheons with our CEO.

On occasion, anonymous

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.

We believe that safety must be the first and foremost consideration in the decisions made by and on behalf of the Company.

We believe safety is everyone’s responsibility - from senior management to frontline workers.

As part of our company-wide safety policies, it is expected that all teammates identify safety risks and take action by implementing interim controls, ensuring that controls are maintained, and recommending permanent solutions.

Additionally, as part of our annual budget and capital planning process, our businesses identify additional safety investments required for training, education, equipment, and processes.

We are committed to operating in a manner that protects the health and safety of our workforce and our communities and ensures decisions are consistent with a long-term view of sustainability and stewardship.

Through our corporate safety department, we implemented a safety auditing program for adherence to local, state and federal safety standards and regulations including those of the Mine Safety and Health Administration ("MSHA") and the Occupational Safety and Health Administration ("OSHA").

These audits are conducted annually for global operations by third-party consultants enforcing a rigorous assessment of regulatory standards, internal procedures and program performance.

Audit assessments and inspections are scored and are currently indicating high levels of compliance in our operations.

The auditing program confirms the Company’s commitment to best management practices and principles.

We continually increase the rigor and level of scrutiny to drive continuous improvement in our operations.

Oil-Dri maintains an open-door policy that encourages conversations across all levels.

We promote two-way communication through newsletters, town halls, video announcements, meetings, new hire luncheons with our CEO and occasional anonymous online surveys.

We also celebrate work anniversaries, birthdays, retirements and other special occasions.

Safety is a core value at Oil-Dri and is embedded in our decision-making processes.

We view safety as the responsibility of every teammate, from senior management to frontline personnel.

As part of our company-wide safety policies, it is expected that all teammates identify safety risks, implement interim controls, maintain controls, and recommend permanent solutions.

As part of annual budget and capital planning, our businesses identify additional safety investments needed for training, education, equipment, and processes.

We are committed to protecting the health and safety of our workforce and communities while making decisions consistent with long-term sustainability and stewardship.

Through our corporate safety department, we implemented a safety auditing program to assess adherence to local, state and federal safety standards and regulations including those of the Mine Safety and Health Administration ("MSHA") and the Occupational Safety and Health Administration ("OSHA").

Third-party consultants conduct annual global audits using rigorous assessments of regulatory standards, internal procedures and program performance.

Audit scores currently indicate high levels

of compliance.

The program reinforces the Company’s commitment to best management practices and continuous improvement.

G OVERNMENT AND E NVIRONMENTAL R EGULATION AND C OMPLIANCE

We are subject to a variety of federal, state, local and foreign laws and regulatory requirements relating to the environment and to health and safety matters.

In particular, our mining and manufacturing operations and facilities in Georgia, Mississippi, California and Illinois are required to comply with state surface mining and environmental protection statutes as well as the workplace safety requirements of the MSHA.

These domestic locations and our Canadian operations are subject to various federal, state, provincial and local statutes, regulations, ordinances, building codes, and permitting and licensing requirements which govern the discharge, storage and disposal of materials, water and waste into the environment, maintenance of our locations or otherwise regulate our operations.

These domestic locations and our Canadian operations are also subject to various federal, state, provincial and local statutes, regulations, ordinances, building codes, and permitting and licensing requirements which govern the discharge, storage and disposal of materials, water and waste into the environment, maintenance of our locations or otherwise regulate our operations.

In recent years, regulation and enforcement have grown increasingly stringent, a trend that we expect will continue.

We endeavor to be in compliance at all times and in all material respects with all applicable environmental, health and safety controls and regulations.

We endeavor to be in compliance at all times and in all material respects with all applicable environmental, health, and safety requirements.

As a result, compliance with the various statutes, regulations, ordinances, codes, and other requirements have required continuing management efforts and the expenditures relating to such compliance have varied over the years;

however, these expenditures have not had a material adverse effect on our capital expenditures, earnings, or competitive position.

As part of our ongoing environmental compliance activities, we incur expenses in connection with reclaiming mining sites.

Historically, reclamation expenses have not had a material effect on our cost of goods sold.

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.

As part of our ongoing environmental compliance activities, we also incur expenses related to reclaiming mining sites, which historically have not had a material effect on our cost of goods sold.

In addition to 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.

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").

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Throughout the world, but particularly in the United States and Europe, there is also increasing government scrutiny and regulation of the food chain and products entering or affecting the food chain.

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.

We endeavor to be in compliance at all times and in all material respects with those regulations and assist our customers with their compliance.

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.

8 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.

What changed 10-K

Item 1. Business