Controls and Procedures
−Removed: SPX management, including the Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of disclosure controls and procedures, pursuant to Exchange Act Rule 13a-15(b), as of April 2, 2022.
−Removed: Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of April 2, 2022 due to the material weakness discussed below related to the accounting for asbestos-related insurance recovery assets.
+Added: SPX management, including the Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of disclosure controls and procedures, pursuant to Exchange Act Rule 13a-15(b), as of July 2, 2022.
+Added: Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of July 2, 2022 due to the material weakness discussed below related to the accounting for asbestos-related insurance recovery assets.
Previously Identified Material Weakness in Internal Control Over Financial Reporting
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Changes in Internal Control Over Financial Reporting
−Removed: In connection with the evaluation by SPX management, including the Chief Executive Officer and the Chief Financial Officer, of our internal control over financial reporting, pursuant to Exchange Act Rule 13a-15(d), no changes during the quarter ended April 2, 2022 were identified that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: In connection with the evaluation by SPX management, including the Chief Executive Officer and the Chief Financial Officer, of our internal control over financial reporting, pursuant to Exchange Act Rule 13a-15(d), no changes during the quarter ended July 2, 2022 were identified that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II—OTHER INFORMATION
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The information required by this Item is incorporated by reference from the footnotes to the condensed consolidated financial statements, specifically Note 15 , included under Part I of this Form 10-Q.
+Added: In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A.
+Added: Risk Factors” in our 2021 Annual Report on Form 10-K , which could materially affect our business, financial condition or future results.
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.