What the changes say
- Goodwill and intangible-asset impairment is newly identified, with tariffs appearing in the added risk text.
- 2025 stock-price range fell to $20.83–$29.06 from $28.30–$37.58 in 2024.
- The company continues facing automotive supply constraints, higher component costs, and inventory-obsolescence exposure.
- Selected acquisitions and investments are now explicitly described as part of the growth strategy.
What changed since the prior 10-K
New
- New
Impairment of Goodwill and Intangible Assets
Goodwill and intangible assets may require impairment charges if business performance, markets, competition, or other conditions deteriorate, harming results and financial condition.
Reworded
- 80% rewritten
Raw Materials and Other Product Component Costs
The acquisition discussion now says selected acquisitions and investments in businesses, technologies, and assets are part of the growth strategy.
- 57% rewritten
Intellectual Property Litigation and Infringement Claims
The risk now covers evolving products and potential claims involving third-party patents, trade secrets, trademarks, and copyrights; the prior portfolio-building mitigation language was removed.
- 41% rewritten
Information Technology ("IT) Infrastructure and Cybersecurity
No substantive risk change; the wording remains focused on IT capacity, reliability, security, upgrades, enterprise systems, and older-system support.
Was: IT Infrastructure and Cybersecurity
- 28% rewritten
Fluctuations in Market Price
The reported 2025 closing-price range was $20.83–$29.06, versus $28.30–$37.58 in 2024; “intellectual property” was abbreviated to “IP.”
- 28% rewritten
Supply Chain Disruptions
The supply-chain discussion was lightly revised, emphasizing that changing customer forecasts may exacerbate inventory obsolescence and related write-downs.
All 9 risk factors
Headings as the filing states them, in filing order.
Other
- 01Safe Harbor for Forward-Looking Statements
- 02The following risk factors, together with all other information provided in this Annual Report on Form 10-K should be carefully considered
- 03Raw Materials and Other Product Component Costs80% rewritten
- 04Impairment of Goodwill and Intangible AssetsNew
- 05Supply Chain Disruptions28% rewritten
- 06New Technology and Product Development
- 07Intellectual Property Litigation and Infringement Claims57% rewritten
- 08Information Technology ("IT) Infrastructure and Cybersecurity41% rewritten
- 09Fluctuations in Market Price28% rewritten
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.