RISK FACTORS.
−Removed: There have been no material changes to our risk factors as previously disclosed in Item 1A contained in Part I of our Annual Report on Form 10-K for the year ended December 31, 2022 and filed
−Removed: with the SEC on February 28, 2023 and Quarterly Reports on Form 10-Q for the first quarter ended March 31, 2023 filed with the SEC on May 5, 2023, and the second quarter ended June 30, 2023 filed with the SEC on August 9, 2023.
−Removed: OTHER INFORMATION.
−Removed: Rule 105b-1 Trading Plans
−Removed: The Company’s directors and executive officers do not currently have 10b5-1plans.
−Removed: During the three and nine months ended September 30, 2023, none of our directors or executive officers adopted or terminated any contract, instruction, or written plan for the purchase or sale of our securities to satisfy the affirmative defense conditions
−Removed: of Rule 10b5-1(c) or any non-Rule 10b5-1 trading arrangement.
−Removed: Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
−Removed: Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
−Removed: Certification Pursuant to 18 U.S.C 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: XBRL Instance Document
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: XBRL Taxonomy Extension Definition Linkbase Document
−Removed: XBRL Taxonomy Extension Label Linkbase Document
−Removed: XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: Filed herewith
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by the undersigned thereunto duly authorized.
−Removed: PHYSICAL THERAPY, INC.
−Removed: November 8, 2023
−Removed: /s/ Carey Hendrickson
−Removed: Carey Hendrickson
−Removed: Chief Financial Officer
−Removed: (Principal financial and accounting officer)
+Added: The Company added the following risk factor in addition to our previously disclosed risk factors in Item 1A contained in Part I of our Annual Report
+Added: on Form 10-K for the year ended December 31, 2023, and filed with the SEC on February 29, 2024.
+Added: If our noncompetition covenants with employed therapists are nullified, we may lose staff to competitors.
+Added: Many of our employed therapists have contractual non-competition agreements and covenants with the Company which, under certain circumstances, limit the
+Added: employee's ability to terminate their employment with the Company to perform similar services for competing organizations within a defined geography for a specified period time after such termination.
+Added: The Federal Trade Commission recently
+Added: passed a Rule which purports to prohibit many forms of non-competition agreements with employees and, if the Rule becomes effective in its current form, also would require the Company, subject to certain exceptions, to nullify certain
+Added: existing noncompetition agreements with employees.
+Added: While the Rule is being challenged in federal court and is not effective, if the Rule in its current form or in a substantially similar form becomes effective, the Company could suffer a
+Added: loss of staff which could have a material adverse effect on operations.
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.