4 unchanged sentences
however, it is possible that the Company’s future operating results could be affected by future costs of litigation.
−Removed: See Note 11, C ommitments and Contingencies , of the consolidated financial statements for more information regarding the legal proceedings in which the Company is involved.
+Added: See Note 11, C ommitments and Contingencies , for more information regarding the legal proceedings in which the Company is involved.
Executive Officers of the Registrant
6 unchanged sentences
Prior to joining SIFCO, Mr.
−Removed: Knapper worked for the TECT Corporation from 2007 to 2016 and was the Director of Strategy and Site Development.
−Removed: TECT offers the aerospace, power-generation, transportation, marine, and medical industries a combination of capabilities unique among metal component manufacturers.
−Removed: Prior to this role, Mr.
−Removed: Knapper served as President of TECT Aerospace and Vice President of Operations of TECT Power.
+Added: Knapper worked for the TECT Corporation, holding positions including Vice President of Operations of TECT Power, Corporate Director of Strategy and Site Development, and President of TECT Aerospace.
In addition, Mr.
−Removed: Knapper spent five years at Rolls Royce Energy Systems, Inc., a subsidiary of Rolls-Royce Holdings plc, as the Director of Component Manufacturing and Assembly.
−Removed: Knapper brings his strategic and industry experience to his role in management and to the Board of the Company.
+Added: Knapper held progressive leadership roles for other companies including Rolls Royce Energy Systems, Inc., a subsidiary of Rolls-Royce Holdings plc, and GE Aircraft Engines.
+Added: Knapper has 38 years of experience in Aerospace and related industries.
Kubera 64 Chief Financial Officer since August 8, 2018.
12 unchanged sentences
Such factors include the following:
−Removed: (1) the impact on business conditions in general, and on the demand for product in the A&E industries in particular, of the global economic outlook, including the continuation of military spending at or near current levels and the availability of capital and liquidity from banks, the financial markets and other providers of credit;
+Added: (1) the impact on business conditions in general, and on the demand for product in the aerospace and energy (or "A&E") industries in particular, of the global economic outlook, including the continuation of military spending at or near current levels and the availability of capital and liquidity from banks, the financial markets and other providers of credit;
(2) the future business environment, including capital and consumer spending;
14 unchanged sentences
(17) investigations, claims, disputes, enforcement actions, litigation and/or other legal proceedings;
−Removed: (18) extraordinary or force majeure events affecting the business or operations of our business;
−Removed: and (19) the impact of the novel COVID-19 pandemic and related impact on the global economy, which may exacerbate the above factors and/or impact our results of operations and financial condition.
+Added: (18) extraordinary or force majeure events affecting the business or operations of our business (19) the continued long term impact of the COVID-19 pandemic and related residual negative impact on the global economy, which may exacerbate the above factors and/or impact our results of operations and financial condition;
+Added: and (20) in connection with its entry into the Ninth Amendment (the "Ninth Amendment") to its Credit Agreement and Fourth Amendment (the "Fourth Amendment") to its Export Credit Agreement, and as a condition to the consummation by the Company’s senior lender of the transactions contemplated thereby:
+Added: (a) the Company incurred a secured subordinated loan from Garnet Holdings, Inc., a California corporation owned and controlled by Mark J.
+Added: Silk (“GHI”) (Mr.
+Added: Silk is a member of the Board of Directors of the Company and considered a related party), in the original principal amount of $3.0 million, which subordinated loan is subject to the terms and conditions of an Intercreditor and Subordination Agreement by and among the Company, GHI and the Company’s senior lender;
+Added: Silk executed and delivered a personal guaranty in favor of the Company’s senior lender of certain Company indebtedness under the Credit Agreement and the Export Credit Agreement.
+Added: The Company is evaluating available financial alternatives, including obtaining acceptable alternative financing.
+Added: If the Company is unable to restructure existing debt obligations, obtain capital or enter into a strategic alternative transaction which provides sufficient funding for the refinancing of its outstanding indebtedness prior to the maturity date of its obligations by the terms of the Ninth Amendment, the lender under the Credit Agreement may choose to accelerate repayment.
+Added: The Company cannot provide assurances that it will be successful in restructuring the existing debt obligations, obtaining capital or entering into a strategic alternative transaction which provides sufficient funding for the refinancing of its outstanding indebtedness prior to the maturity date of its obligations under the Credit Agreements.
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.