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Item 3. Legal Proceedings

2023-03-15 compared with 2022-03-11 · 31 added, 35 removed, 15 unchanged (81% of the section changed)

Legal Proceedings

For a description of our material pending legal proceedings, please see Contingencies in Note 18 to the Notes to the Consolidated Financial Statements in Part II, Item 8 of this Annual Report

on Form 10-K, which is incorporated herein by reference.

Also see ‘Risk Factors—We are subject to significant product liability litigation’ for additional details.

For a description of our material pending legal proceedings, see Note 18, “ Contingencies ” of our Notes to the Consolidated Financial Statements in Part II,

Item 8 of this Annual Report on Form 10-K, which is incorporated herein by reference.

Also see ‘Item 1A Risk Factors—We are subject to significant product liability litigation’ for additional details.

Mine Safety Disclosures

3 unchanged sentences

Our executive officers are appointed by, and serve at the discretion of, our board of directors.

There are no family relationships

between any of the executive officers, and there is no arrangement or understanding between any executive officer and any other person pursuant to which the executive officer was selected.

Yavor Efremov , age 49, has served as our President and CEO since January 2022 .

January 2022, Mr.

Efremov served as a director of our Company since July 2021.

Efremov currently serves on the board of MDH Acquisition Corp.

From April 2019 to November 2019, Mr.

Efremov was the CEO of Motorsport Network, a global company

with 630 employees, and was responsible for restructuring the company, hiring a management team, developing a vision for the company and executing on that vision.

Prior to Motorsport Network, Mr.

Efremov spent 5 years at Liberty Media as SVP,

Corporate Development.

Prior to that, Mr.

Efremov spent 8 years in the Technology, Media and Telecom group of Goldman, Sachs & Co.

in New York and, prior to that, Mr.

Efremov was an M&A lawyer with Cleary, Gottlieb, Steen & Hamilton

for 5 years, also in New York.

Efremov holds a J.D.

from the Yale Law School, a Ph.D.

in Economics from Yale, B.S.

(Mathematics) and B.A.

(Economics) from Furman University.

Graham Purdy, age 50, was appointed as Chief Operating Officer in November 2019 after serving as President of our New Ventures Division since December

There are no family relationships between any

of the executive officers, and there is no arrangement or understanding between any executive officer and any other person pursuant to which the executive officer was selected.

Graham Purdy, age 51, has served as our President and CEO since October 2022.

Prior to October 2022, Mr.

Purdy served as Chief Operating Officer since

November 2019 after serving as President of our New Ventures Division since December 2017.

Purdy joined the Company in 2004 and has held various leadership positions since that time.

Prior to joining the Company, Mr.

Purdy spent 7 years at Philip Morris, USA where he served in senior sales and sales management positions.

Purdy spent 7 years at

Philip Morris, USA where he served in senior sales and sales management positions.

Purdy holds a Bachelor of Arts from California State University, Chico.

Luis Reformina , age 44, was appointed Chief Financial Officer in May 2021 after serving as the Company’s Chief Business Development Officer since

October 2020.

David Glazek, age 45, was appointed Executive Chair of the Board in January 2023.

Glazek served as a director of our company since November 2012, and as

our Lead Independent Director from January 2018 until October 2022, and as our non-executive Chair since September 2019.

Glazek was a Partner and Portfolio Manager of Standard General L.P.

from 2008 to 2023, and an investment banker at Lazard

from 2000 to 2003 and from 2006 to 2008.

He also worked at the Blackstone Group.

Throughout his career he has served on numerous public and private company boards of directors.

In addition, he is an Adjunct Professor at Columbia

Business School.

Glazek holds a Bachelor of Arts from the University of Michigan and a J.D.

from Columbia Law School .

Luis Reformina , age 45, was appointed Chief Financial Officer in May 2021 after serving as the Company’s Chief Business Development Officer since October 2020.

He joined the Company as Vice President of Business Development in 2019.

Prior to joining the Company, Mr.

Reformina spent nearly two decades in the finance and investment industry working at Point72 Asset Management, Waterfront

Capital Partners, Perella Weinberg Partners and Vestar Capital Partners in various roles deploying capital across different industries.

Reformina spent nearly two decades in the finance and investment industry working at Point72 Asset Management, Waterfront Capital Partners,

Perella Weinberg Partners and Vestar Capital Partners in various roles deploying capital across different industries.

He began his career as an investment banker at Goldman Sachs & Co.

Reformina holds a B.S, summa cum laude , in Electrical Engineering from Cornell University and an M.B.A from Stanford Graduate School of Business where he was an Arjay Miller Scholar.

Cushman , age 37, has been our Senior Vice President, General Counsel, and Secretary since November 2020 and has served in various roles in

our legal department since joining the Company in October 2014.

Cushman , age 38, has been our Senior Vice President, General Counsel, and Secretary since November 2020 and has served in various roles in our

legal department since joining the Company in October 2014, most recently serving as Senior Vice President of External Affairs.

Prior to joining the Company, Ms.

Cushman spent five years at Xcaliber International, Ltd., L.L.C., where she was most recently the General Counsel, responsible for all legal

Cushman holds a Bachelor of Science in Business Administration in business management from the University of Tulsa and a J.D.

Cushman spent five years at Xcaliber International, Ltd., L.L.C., where she was most

recently the General Counsel, responsible for all legal affairs.

Cushman holds a Bachelor of Science in Business Administration, magna cum laude , in business management from the University of Tulsa and

from Washington and Lee University School of Law.

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.

What changed 10-K

Item 3. Legal Proceedings