What the changes say
- Avalon Holdings Corp dropped its out-of-state waste regulatory risk.
- Stock volatility risk absorbed the out-of-state waste regulatory language.
- Golf and resort segment commodity cost risk added continuous monitoring language.
What changed since the prior 10-K
Dropped
- Dropped
A portion of Avalon’s waste brokerage and management services revenues is derived from the disposal and/or transportation of out-of-state waste. Any law or regulation restricting or impeding the transportation of waste or the acceptance of out-of-state waste for disposal could have a negative effect on Avalon
Reworded
- 81% rewritten
Avalon’s market for shares may be subject to greater volatility and limited daily activity
Added the entire risk text regarding out-of-state waste regulations and transportation directly into the stock volatility risk.
- 63% rewritten
Changes in commodity and other operating costs could adversely affect our results of operations
Added statements that the company continuously monitors supply, cost trends, labor, and commodity prices to maintain margins.
All 16 risk factors
Headings as the filing states them, in filing order.
Other
- 01Voting control by management
- 02Certain anti-takeover provisions of Articles of Incorporation, Code of Regulations and Ohio Law
- 03Avalon’s market for shares may be subject to greater volatility and limited daily activity81% rewritten
- 04Unfavorable general economic conditions could adversely affect our business and financial results
- 05Challenges with respect to labor, including availability and cost, could impact our business and results of operations
- 06Changes in commodity and other operating costs could adversely affect our results of operations63% rewritten
- 07Effective succession planning is important to our continued success
- 08A majority of Avalon’s business is not subject to long-term contracts
- 09Avalon’s captive landfill management business is dependent upon a single customer as its sole source of revenue. If the captive landfill management business is unable to retain this customer, Avalon’s future financial performance could be adversely impacted
- 10Avalon's loan and security agreement may obligate it to repay debt before its maturity
- 11Golf memberships and liquor licenses
- 12Avalon may be subject to liability for environmental contamination caused by pollutants, the transportation, treatment or disposal of which was arranged for by Avalon or one of its predecessors
- 13On September 14, 2017, an appeal hearing was held in the Ohio 10th District Court of Appeals and on July 31, 2018 a decision was issued on the appeal. The decision reinstated the previous Ohio Oil and Gas Commission decision in this matter
- 14Changes in laws, regulations and accounting standards
- 15Accounting estimates and judgments
- 16Long-lived asset impairment
Other Avalon Holdings 10-Ks
- FY2024 10-K risk factors17 risks
Dual-class voting structure secures management control and anti-takeover provisions protect against unwanted acquisitions. Operations depend heavily on out-of-state waste brokerage and single-customer captive landfill management. Golf and hospitality operations rely on annual memberships, liquor licenses, and variable commodity costs.
Filed Mar 20, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.