Item 1B. Unresolved Staff Comments
Item
1B. Unresolved Staff Comments.
None.
Item
1C. Cybersecurity
Cybersecurity
Risk Management and Strategy
The
Company recognizes the importance of maintaining the confidentiality, integrity, and availability of its information systems and data.
As a global digital media, sports, entertainment, gaming, and technology company, the Company utilizes information systems and third-party
technology platforms to support its operations, including content distribution, customer engagement, digital marketing, payment processing,
financial reporting, and other business functions.
The
Company maintains processes designed to assess, identify, and manage cybersecurity risks. These processes include periodic evaluation
of information technology systems, implementation of access controls, security monitoring, data backup procedures, vendor assessments,
employee awareness initiatives, and incident response planning. The Company regularly evaluates cybersecurity risks as part of its broader
enterprise risk management activities and considers cybersecurity threats in connection with operational, financial, legal, regulatory,
and reputational risks.
The
Company relies on various third-party service providers and technology vendors, including cloud hosting providers, software vendors,
payment processors, communication platforms, and other service providers that may have access to Company systems or data. The Company
considers cybersecurity risks associated with these third parties through contractual protections, vendor diligence, ongoing monitoring,
and other risk management measures, although the Company cannot guarantee that such measures will prevent all cybersecurity incidents.
As
part of its cybersecurity risk management framework, the Company monitors potential threats and vulnerabilities that could adversely
affect its operations, financial condition, reputation, or strategic objectives. The Company periodically reviews and updates its cybersecurity
controls and procedures in light of evolving threats, business requirements, and industry practices.
The
Company has experienced routine cybersecurity events common to organizations operating in digital environments, including attempted phishing
attacks, unauthorized access attempts, and other malicious activities. To date, the Company has not identified any cybersecurity incident
that has materially affected, or is reasonably likely to materially affect, its business strategy, results of operations, or financial
condition. However, cybersecurity threats continue to evolve in sophistication and frequency, and future incidents could have a material
adverse effect on the Company’s business, operations, reputation, financial condition, or results of operations.
Cybersecurity
Governance
The
Board of Directors oversees the Company’s risk management processes, including risks related to cybersecurity and information security.
The Board receives periodic updates from management regarding significant cybersecurity matters, cybersecurity risks, information technology
initiatives, and related risk mitigation efforts. The Board considers cybersecurity risks as part of its overall oversight of enterprise
risk management.
Management
is responsible for assessing and managing the Company’s cybersecurity risks on a day-to-day basis. The Company’s cybersecurity
risk management activities are led by senior management personnel responsible for information technology, compliance, finance, and operational
functions. These individuals work together to identify, assess, manage, and respond to cybersecurity risks and incidents and to implement
appropriate security measures throughout the organization.
Management
monitors cybersecurity developments, evaluates emerging threats, coordinates with external service providers and advisors when appropriate,
and escalates significant cybersecurity matters to executive leadership and the Board of Directors as necessary. The Company may engage
third-party consultants, technology vendors, legal counsel, cybersecurity specialists, and other advisors to assist in evaluating cybersecurity
risks, responding to incidents, and enhancing cybersecurity controls.
As
the Company continues to expand its digital operations, including through acquisitions, strategic partnerships, media platforms, and
technology-enabled products, management expects to continue enhancing its cybersecurity governance, risk management processes, and information
security controls to address evolving business needs and cybersecurity threats.
Item
2. Properties.
Our
principal business location is in Fort Worth, Texas. Our
employees, including our executive management team, currently perform their job responsibilities remotely.