Legal Proceedings
−Removed: As of December 31, 2020, to the knowledge of our management, there was no material litigation, arbitration or governmental proceeding pending against us
−Removed: or any members of our management team in their capacity as such, and we and the members of our management team have not been subject to any such proceeding.
+Added: From time to time, we are involved in various legal proceedings arising from the normal course of business activities.
+Added: For example, on April 5, 2021, we received a letter from the counsel for Carl Harris, a former employee, alleging that Mr.
+Added: Harris’s failure to exercise his stock options in early 2020 was induced by our improper conduct, and requested that we reinstate Mr.
+Added: Harris’s stock options.
+Added: We deny any wrongdoing and the matter has now been resolved through a mediated settlement.
+Added: Other than as described above, we are not currently a party to any legal proceedings that, if determined adversely to us, would, in our opinion, have a material adverse effect on our business, results of operations, financial condition, or cash flows.
+Added: Future litigation may be necessary to defend ourselves, our partners, and our customers by determining the scope, enforceability, and validity of third-party proprietary rights, or to establish our proprietary rights.
+Added: The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors.
Mine Safety Disclosures
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