3 unchanged sentences
In the opinion of our management, after consultation with legal counsel, none of the pending inquiries, litigation, disputes or claims against us, if decided adversely to us, would have a material adverse effect on our financial condition, cash flows or results of operations.
−Removed: Notwithstanding the foregoing, the Company has been involved in discussions with the Environmental Protection Agency (“EPA”) regarding the EPA’s contention that it has causes of action against a subsidiary of the Company under the Clean Water Act related to discharges of sediment from two sand and gravel quarries in eastern Alabama into nearby waterways.
−Removed: The parties are negotiating a resolution of these issues with the EPA.
−Removed: While discussions are ongoing, resolution of these alleged violations may result in the payment of a civil penalty in excess of $300,000, as well as a requirement that the Company remediate the conditions on the property giving rise to the sediment discharge and implement measures to prevent or minimize the impact of future discharges, the full cost of which cannot be estimated with reasonable certainty until a remediation plan is approved by the EPA.
+Added: Notwithstanding the foregoing, in October 2025, a subsidiary of the Company executed a consent decree negotiated with the Environmental Protection Agency (“EPA”) regarding the EPA’s contention that such subsidiary violated the Clean Water Act in connection with discharges of sediment from two sand and gravel quarries in eastern Alabama into nearby waterways.
+Added: Under the terms of the consent decree, the Company agreed to (i) pay a civil penalty of $450,000, (ii) remediate the conditions on the property giving rise to the discharge and (iii) monitor the sites for a period of time following completion of the remediation.
+Added: The consent decree remains subject to approval by a federal district court.
+Added: The total cost of the remedial and preventative measures cannot be estimated with reasonable certainty but is expected to be covered in whole or significant part by the Company’s preexisting insurance policies.
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.