2 unchanged sentences
green design, natural resource conservation, food and agricultural impact and community impact.
−Removed: The goal of the sustainability strategy is to reduce the Company’s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on the environment.
+Added: The goal of the sustainability strategy is to reduce the Company’s overall carbon footprint by reducing greenhouse gas emissions and reducing the impact on the environment, which also serves to increase the Company’s efficiency.
The Company continues to be a member of the EPA GreenChill program for advancing environmentally beneficial refrigerant management systems.
−Removed: The Company currently has thirteen stores certified under this program and plans to expand this program to more stores.
+Added: The Company currently has fifteen stores certified under this program and plans to expand this program to more stores.
Since 2017, the Company has replaced 96% of its stores fluorescent lighting with more energy efficient and environmentally friendly LED lighting.
−Removed: The Company continues to emphasize recycling in all areas, most recently noting a decrease in store waste where the Company has diverted approximately 43 thousand tons of waste from landfills.
+Added: The Company continues to emphasize recycling in all areas, diverting approximately 40 thousand tons of waste from landfills annually.
These statistics and more can be found in the Company’s most recently published sustainability report, linked below in Item 7.
8 unchanged sentences
“Weis 2 Go Online” allows the customer to order on-line and have their order delivered or picked up at an expedient store drive-thru.
−Removed: The Company also currently offers home delivery to customers in all 197 of its locations via multiple grocery delivery partners.
+Added: The Company also currently offers home delivery to customers at all 198 of its locations via multiple grocery delivery partners.
Human Capital.
The Company believes that talent is a business differentiator and is committed to creating a sustainable competitive advantage through the selection, development and promotion of talented, highly motivated people.
−Removed: The Company believes that establishing a learning culture supports its commitment to be an employer of choice and helps drive customer engagement with its associates.
+Added: The Company believes that establishing a learning culture supports its commitment to be an employer of choice and helps drive customer engagement with its employees.
Improvements in the Company’s talent management and development will help drive business impact while providing internal career opportunities.
2 unchanged sentences
The Company will continue to assess and upgrade underlying technologies to support human capital development as a strategic imperative for future growth.
−Removed: The Company currently employs approximately 23,000 full-time and part-time associates.
−Removed: Approximately 95% of Weis Markets associates are paid an hourly wage.
+Added: The Company currently employs approximately 22,000 full-time and part-time employees.
+Added: Approximately 94% of Weis Markets employees are paid an hourly wage.
Trade Names and Trademarks.
11 unchanged sentences
the Charters of the Audit, Compensation and Disclosure Committees;
−Removed: and both the Code of Business Conduct and Ethics and the Code of Ethics for the CEO and CFO.
+Added: both the Code of Business Conduct and Ethics and the Code of Ethics for the CEO and CFO;
+Added: the Policy Relating to Recovery (Clawback) of erroneously Awarded Compensation;
+Added: and the Securities Trading Policy.
A copy of the foregoing corporate governance materials is available upon written request to the Company’s principal executive offices.
16 unchanged sentences
The loss of any key member of management may prevent the Company from implementing its business plans in a timely manner.
−Removed: In addition, employment conditions specifically may affect the Company’s ability to hire and train qualified associates.
+Added: In addition, employment conditions specifically may affect the Company’s ability to hire and train qualified employees.
Financial, Investments and Infrastructure Risks
The failure to execute expansion plans could have a material adverse effect on the Company’s business and results of its operations.
−Removed: Circumstances outside the Company’s control could negatively impact anticipated capital investments in store, distribution and manufacturing projects, information technology and equipment.
+Added: Circumstances outside the Company’s control could negatively impact anticipated capital investments in the Company’s stores, distribution and manufacturing, as well as in information technology and equipment.
The Company cannot determine with certainty whether its new or acquired stores will meet expected benefits including, among other things, operating efficiencies, procurement savings, innovation, sharing of best practices and increased market share that may allow for future growth.
−Removed: Achieving the anticipated benefits may be subject to a number of significant challenges and uncertainties, including, without limitation, the possibility of imprecise assumptions underlying expectations regarding potential
+Added: Achieving the anticipated benefits may be subject to a number of significant challenges and
WEIS MARKETS, INC.
Risk Factors:
−Removed: synergies and the integration process, unforeseen expenses and delays diverting Management’s time and attention and competitive factors in the marketplace.
+Added: uncertainties, including, without limitation, the possibility of imprecise assumptions underlying expectations regarding potential synergies and the integration process, unforeseen expenses and delays diverting Management’s time and attention and competitive factors in the marketplace.
The Company’s investment portfolio may suffer losses from changes in market interest rates and changes in market conditions which could adversely affect results of operations and liquidity.
3 unchanged sentences
Unexpected factors affecting self-insurance claims and reserve estimates could adversely affect the Company.
−Removed: The Company uses a combination of insurance and self-insurance to provide for potential liabilities for workers’ compensation, general liability, vehicle accident, property and associate medical benefit claims.
+Added: The Company uses a combination of insurance and self-insurance to provide for potential liabilities for workers’ compensation, general liability, vehicle accident, property and employee medical benefit claims.
Management estimates the liabilities associated with the risks retained by the Company, in part, by considering historical claims experience, demographic and severity factors and other actuarial assumptions which, by their nature, are subject to a high degree of variability.
5 unchanged sentences
If the Company was to experience difficulties maintaining existing systems or implementing new systems, significant losses could be incurred due to disruptions in its operations.
−Removed: Additionally, these systems contain valuable proprietary data as well as receipt and storage of personal information about its associates and customers, in particular electronic payment data and personal health information that, if breached, would have an adverse effect on the Company.
−Removed: Such an occurrence could adversely affect the Company’s reputation with its customers, associates, and vendors, as well as the Company’s financial condition, results of operations, and liquidity with potential litigation against the Company or the imposition of penalties.
+Added: Additionally, these systems contain valuable proprietary data as well as receipt and storage of personal information about its employees and customers, in particular electronic payment data and personal health information that, if breached, would have an adverse effect on the Company.
+Added: Such an occurrence could adversely affect the Company’s reputation with its customers, employees, and vendors, as well as the Company’s financial condition, results of operations, and liquidity with potential litigation against the Company or the imposition of penalties.
+Added: The techniques and sophistication used in breach information technology systems and the rapid evolution and increased adoption of artificial intelligence technologies may intensify the Company’s cyber security risks.
Supply Chain and Third-Party Risks
The Company is affected by certain operating costs which could increase or fluctuate considerably, and other potential disruptions.
−Removed: Associate expenses contribute to the majority of the Company’s operating costs.
+Added: Employee expenses contribute to the majority of the Company’s operating costs.
The Company’s financial performance is potentially affected by increasing wage and benefit costs, a competitive labor market, regulatory wage increases and the risk of unionized labor disruptions of its non-union workforce.
3 unchanged sentences
Additionally, disruptions to the Company’s distribution of food products pose significant risks to the Company's operations.
−Removed: Various factors such as adverse weather conditions, food safety, and civil unrest could all contribute to such disruptions.
+Added: Various factors such as extreme weather conditions, food and drug safety, health epidemics or pandemics, and civil unrest could all contribute to such disruptions.
WEIS MARKETS, INC.
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.