What the changes say
- Amazon and Whole Foods expansion threatens convenience store supply chains.
- Macroeconomic pressures and interest rates directly impact debt and consumer spending.
- FDA tobacco regulation continues to shape wholesale compliance burdens.
What changed since the prior 10-K
New
- New
operations, business, cash flow, and financial condition could be negatively affected. There are no assurances that the manufacturers or states will maintain these promotional programs
Amazon and Whole Foods threaten convenience store supply chains and wholesale distribution margins through vertical multi-channel sales strategies.
Dropped
- Dropped
responsibilities of the FDA are being funded by fees imposed on tobacco companies. These fees have been passed on to wholesale distributors and end consumers in the form of higher prices for cigarette and tobacco products
- Dropped
its acquisition or equity investment activities, issues may arise which could have a material negative impact on the Company’s results of operations, balance sheet, and cash flows
Reworded
- 88% rewritten
Interest rates have a direct impact on our business based on the amount of variable debt the Company utilizes in its operations. Prolonged periods of high interest rates may have a negative impact on the Company’s results of operations, balance sheet, and cash flows
Replaced civil unrest and pandemic risks with a broader economic downturn risk highlighting inflation, AI job losses, and trade tariffs.
- 56% rewritten
RISK FACTORS RELATED TO THE WHOLESALE BUSINESS
Expanded FDA tobacco regulation disclosures to explicitly encompass extensive federal, state, and local level rules.
All 10 risk factors
Headings as the filing states them, in filing order.
Other
- 01You should carefully consider the risks described below before making an investment decision concerning our securities
- 02RISK FACTORS RELATED TO THE WHOLESALE BUSINESS56% rewritten
- 03operations, business, cash flow, and financial condition could be negatively affected. There are no assurances that the manufacturers or states will maintain these promotional programsNew
- 04RISK FACTORS RELATED TO THE RETAIL BUSINESS
- 05Our retail stores carry many perishable products which may result in significant product inventory losses in the event of extended power outages, natural disasters, or other catastrophic occurrences
- 06If we are unable to anticipate and satisfy consumer merchandise preferences in the regions where we operate, our sales may decrease, and we may be forced to increase markdowns of slow-moving merchandise, either of which could negatively impact our business, results of operations, cash flow, and financial condition
- 07RISK FACTORS RELATED TO ALL OF OUR BUSINESSES
- 08Interest rates have a direct impact on our business based on the amount of variable debt the Company utilizes in its operations. Prolonged periods of high interest rates may have a negative impact on the Company’s results of operations, balance sheet, and cash flows88% rewritten
- 09We depend on the continued services and performance of our senior management and other key personnel. While we have employment agreements with certain key personnel, the loss of service from any of our executive officers or key employees could harm our business
- 10RISK FACTORS RELATED TO OUR COMMON STOCK
Other Amcon Distributing 10-Ks
- FY2024 10-K risk factors11 risks
Cigarette and tobacco regulation and excise taxes heavily impact the wholesale business. Competition from major national grocers and Amazon affects the retail health food segment. Having fewer than 300 shareholders threatens public reporting and NYSE American listing status.
Filed Nov 08, 2024
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.