Sign in

BYFC on Nasdaq

Broadway Federal Bank

Bank based in California, USA

Broadway Federal Bank was a community focused bank founded in 1946 and based in Los Angeles. As of 2020, it had three traditional branches and one loan production office. It was the last remaining traditionally black-community oriented bank headquartered west of Dallas.3 Its shares trade on Nasdaq under the symbol BYFC.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$184.0KRevenue, fiscal 20254
-$24.8MNet income, fiscal 20254
1946Founded1

Compare with NSTS Bancorp, Inc., 1st Constitution Bancorp or Fifth District Bancorp, Inc., or pick any stock.

  • TickerBYFC on Nasdaq1
  • Industrybank1
  • HeadquartersLos Angeles1
  • Websitewww.broadwayfederalbank.com
  • Incorporated inDE5
  • Business address5055 Wilshire Blvd Ste 500, Los Angeles, Ca 900365
  • Filer categoryNon-accelerated filer, Smaller reporting company5

See how the biggest companies compare on our leaderboards

Broadway Federal Bank was a community focused bank founded in 1946 and based in Los Angeles. As of 2020, it had three traditional branches and one loan production office.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-13475.5%Net margin4
18.7%Revenue growth, 20254
-9.4%Return on equity4
-$13.0KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax100¢$338.0K

Out of $184.0K in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$243.0K

Out of $230.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue7891011124$184.0K in 2025−59% since 2018
0$200.0K$400.0K$600.0K2018: $449.0K$449.0K20182019: $491.0K$491.0K2019+9%2020: $420.0K$420.0K2020−14%2021: $249.0K$249.0K2021−41%2022: $145.0K$145.0K2022−42%2023: $179.0K$179.0K2023+23%2024: $155.0K$155.0K2024−13%2025: $184.0K$184.0K2025+19%
Net income7891011124-$24.8M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2018: $815.0K$815.0K20182019: -$206.0K-$206.0K20192020: -$642.0K-$642.0K2020+212%2021: -$4.0M-$4.0M2021+531%2022: $5.6M$5.6M20222023: $4.3M$4.3M2023−23%2024: $1.9M$1.9M2024−55%2025: -$24.8M-$24.8M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Interest and fees on loans receivable$53.0M$50.5M
Interest on available-for-sale securities$6.4M$7.0M
Other interest income$1.8M$6.4M
Total interest income$61.3M$63.9M
Interest on deposits$19.9M$13.2M
Interest on borrowings$8.2M$19.0M
Total interest expense$28.1M$32.2M
Net interest income$33.1M$31.8M
Provision for credit losses$2.2M$660.0K
Net interest income after provision for credit losses$31.0M$31.1M
Service charges$184.0K$155.0K
Grants$275.0K$280.0K
Other$1.3M$1.1M
Total non-interest income$1.8M$1.6M
Compensation and benefits$18.8M$17.6M
Occupancy expense$2.0M$1.9M
Information services$3.0M$2.8M
Professional services$3.0M$3.4M
Supervisory costs$687.0K$785.0K
Corporate insurance$271.0K$234.0K
Amortization of core deposit intangible$315.0K$336.0K
Operational loss$100.0K$0
Goodwill impairment$25.9M$0
Other$3.1M$2.9M
Total non-interest expense$57.2M$29.9M
(Loss) Income before income taxes-$24.5M$2.8M
Income tax expense$338.0K$815.0K
Net (loss) income-$24.8M$2.0M
Less: Net (loss) income attributable to non-controlling interest-$13.0K$25.0K
Net (loss) income attributable to Broadway Financial Corporation-$24.8M$1.9M
Less: Preferred stock dividends$3.0M$1.6M
Net (loss) income attributable to common stockholders-$27.8M$362.0K
Unrealized gains on securities available-for-sale arising during the period$7.3M$3.2M
Income tax effect$2.1M$930.0K
Other comprehensive income, net of tax$5.1M$2.3M
Comprehensive (loss) income-$22.7M$2.7M
(Loss) Earnings per common share-basic (in dollars per share)-$3.23$0.04
(Loss) Earnings per common share-diluted (in dollars per share)-$3.23$0.04

Compare Broadway Federal Bank with another company

Corporate structure

Broadway Federal Bank sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Broadway Federal Bank

  • Broadway Federal Bank Los Angeles

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Broadway Federal Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$14.3M4 Dec 31, 2025$14.2M4 Dec 31, 2024+1.0%
Accumulated depreciation$5.6M4 Dec 31, 2025$5.3M4 Dec 31, 2024+5.9%
Property and equipment, net$8.7M4 Dec 31, 2025$8.9M4 Dec 31, 2024−1.9%
Operating-lease assets (leased space)$1.5M4 Dec 31, 2025$420.0K4 Dec 31, 2024+257.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.5M4 Dec 31, 2025$61.4M4 Dec 31, 2024−82.9%
Debt securities available for sale$256.8M4 Dec 31, 2025$203.9M4 Dec 31, 2024+26.0%
Deposits held (banks)$917.6M4 Dec 31, 2025$745.4M4 Dec 31, 2024+23.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$04 Dec 31, 2025$25.9M4 Dec 31, 2024−100.0%
Finite-lived intangibles, net$1.5M4 Dec 31, 2025$1.8M4 Dec 31, 2024−17.7%

Properties, in its own words

We conduct our business through two administrative offices, one in Washington, D.C. and one in Los Angeles, California. We have three branch offices, one in Washington, D.C., one in Los Angeles, California, and one in Inglewood, California. Our loan service operation is also conducted from our Inglewood, California branch. There are no mortgages, material liens or encumbrances against any of our owned properties. We believe that all the properties are adequately covered by insurance, and that our facilities are adequate to meet our present needs.

Location · Leased or Owned · Original Date Leased or Acquired · Date of Lease Expiration

The rest of Item 2

East Coast Administrative Offices & Branch 1432 U Street NW Washington, D.C. 20009 · Owned · 2003 · –

Employee Parking Lot 14 T Street NW Washington, D.C. 20009 · Owned · 2018 · –

West Coast Administrative Offices/Loan Origination Center 4601 Wilshire Blvd, Suite 150 Los Angeles, CA 90010 · Leased · 2021 · Jan. 2032

Branch Office/Loan Service Center 170 N. Market Street Inglewood, CA 90301 · Owned · 1996 · –

Exposition Park Branch Office 4001 South Figueroa Street Los Angeles, CA 90037 · Owned · 1996 · –

Item 2 of the 10-K filed Mar 31, 2026.17

The story

In 1946, Broadway Federal Savings and Loan Association was founded by a group of civic minded people to provide bank services to minorities in the greater Los Angeles area, who were not being serviced by any of the existing financial institutions.

The bank received its charter on November 26, 1946 with an initial investment of $150,000. It opened for business in a three-room office on 4329 South Broadway on January 11, 1947.

Real estate broker and investor H. A. Howard served as the first president of the company until September 1949 when Dr. H. Claude Hudson, investor, community activist and dentist, took over leadership. The savings and loan grew rapidly under Chairman of the Board Hudson’s supervision. In 1954, Broadway Federal acquired a larger building at Broadway and 45th Street, which was redesigned by renowned architect Paul Williams, who was also a founding board member.

Broadway Federal grew to become the second largest black-owned bank in the United States. In 1966, its branch expansion began with a location in the Mid-Town area of Los Angeles. This branch was also designed by Paul Williams.

In 1972, Dr. Hudson retired from active management of Broadway Federal and his son, Elbert T. Hudson, an attorney, community activist and long-time board member was selected as board chairman and CEO. Elbert T. Hudson served as CEO until March 1992, when his son, Paul C. Hudson, also an attorney and community activist took over.

Shortly after Paul C. Hudson’s appointment as CEO, a fire destroyed Broadway Federal’s main branch during the civil unrest that occurred in the wake of Rodney King beating trial verdict. Despite this setback, management reaffirmed its commitment to the community.

In December 1995, Broadway began its conversion from a mutual savings and loan to a stock savings bank. The IPO raised close to $9 million. Broadway Financial Corporation is the parent holding company of what is now known as Broadway Federal Bank. Broadway Financial is publicly traded on the NASDAQ market as (symbol: BYFC).

The company is currently managed by Wayne-Kent A. Bradshaw, who joined the Bank as President and Chief Operating Officer in 2009, and became Chief Executive Officer of the Company and the Bank in 2012. Under Mr. Bradshaw’s leadership, Broadway has continued its focus on serving low-to-moderate income communities, with a particular focus on lending for multi-family housing. This focus addresses the chronic need for affordable housing that exists throughout all of Southern California, especially for those families living within low-to-moderate income communities. The Bank also offers a variety of other residential and commercial real estate loan products for consumers, businesses, and non-profit organizations, other loan products, and a variety of deposit products, including checking, savings and money market accounts, certificates of deposits and retirement accounts.

From Wikipedia’s article on Broadway Federal Bank, shared under CC BY-SA 4.0.6

Leadership

Who has led Broadway Federal Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Wayne-Kent A. Bradshaw2012–2020
  2. Brian E. Argrett2021–now

President

  1. Frank Glenn Harvey2006
  2. Wayne-Kent A. Bradshaw2013–2020
  3. Brian E. Argrett2021–now

Chief financial officer

  1. Sam Sarpong2006–2012
  2. Brenda J. Battey2013–2024
  3. Norman E. Bellefeuille2014
  4. Zack Ibrahim2024–now

Chief operating officer

  1. Frank Glenn Harvey2006
  2. Wayne-Kent A. Bradshaw2009–2012
  3. Ruth McCloud2022–now
197019801990200020102020
Board members and other officers (36)

Acquisitions

Attempted hostile takeover

In February 2020, Steven A. Sugarman, the former CEO of Banc of California, attempted to take over Broadway Federal with an unsolicited bid. He had previously purchased the remaining portfolio of Broadway's stock from the Treasury Department under his business Sugarman Enterprises, and assigned it to his subsidiary business The Capital Corps LLC, making him the bank's biggest shareholder, with 1.8 million (9.6%) of the outstanding stock.

On June 19 (Juneteenth), 2020 due to increased interest and online activism promoting black businesses, the stock price of the bank went up over 300%, to a historic high of $7.23. Afterwards, Sugarman revealed that he would no longer pursue a buy-out, after selling his entire stake in the bank for an average of $2.59 per share.

Merger with City First Bank

On August 26, 2020, Broadway Financial Corp announced it would be combining with CFBanc Corporation, based in Washington, DC in a "transformational merger of equals" which would create the largest Black-led Minority Depository Institution in the US, with over $1B in assets. The merger was unanimously approved by the Boards of both banks, and expected to be completed during the first quarter of 2021. The combined bank would keep the current bi-coastal headquarters, with an aim to expand into other urban regions.

CFBanc's current President and CEO Brian E. Argrett will take over the reins as CEO of the merged institution, with Broadway's CEO, Wayne-Kent Bradshaw serving as the new Chairman of the Board of Directors.

From Wikipedia’s article on Broadway Federal Bank, shared under CC BY-SA 4.0.6

Timeline

  1. Oct 2, 20268-K Executive or director change62
  2. Jul 28, 20268-K Results of operations; Regulation FD disclosure63
  3. Jun 23, 20268-K Shareholder vote; Regulation FD disclosure64
  4. Jun 18, 20268-K Regulation FD disclosure65
  5. Jun 3, 20268-K Regulation FD disclosure66
  6. May 15, 20268-K Results of operations67
  7. Apr 28, 20268-K Results of operations68
  8. Feb 26, 20268-K Other events69
  9. Feb 18, 20268-K Regulation FD disclosure70
  10. Nov 25, 20258-K Listing notice or transfer; Regulation FD disclosure71
  11. Nov 14, 20258-K Listing notice or transfer72
  12. Oct 17, 20258-K Earlier financial statements no longer reliable73
  13. Apr 2, 2021New chief executive Brian E. Argrett becomes CEO18
  14. Jul 5, 2012New chief executive Wayne-Kent A. Bradshaw becomes CEO19
  15. Jan 9, 1996Went public Listed on NASDAQ1
  16. 1946Founded Founded1

Calendar

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results63
  2. May 15, 2026Reported quarterly or annual results67
  3. Apr 28, 2026Reported quarterly or annual results68
  4. Jul 31, 2025Reported quarterly or annual results74
  5. Jul 30, 2025Reported quarterly or annual results75
  6. Apr 28, 2025Reported quarterly or annual results76
  7. Jan 27, 2025Reported quarterly or annual results77
  8. Oct 29, 2024Reported quarterly or annual results78

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

215 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 62 major events, 91 insider forms, 12 large holders, 26 other. The latest 20:

  1. Oct 2, 20268-K EDGAR
  2. Aug 13, 202610-Q EDGAR
  3. Aug 11, 2026SCHEDULE 13G/A EDGAR
  4. Aug 3, 20263 EDGAR
  5. Jul 31, 20264/A EDGAR
  6. Jul 30, 20264 EDGAR
  7. Jul 28, 20268-K EDGAR
  8. Jul 2, 20263 EDGAR
  9. Jun 23, 20268-K EDGAR
  10. Jun 18, 20268-K EDGAR
  11. Jun 3, 20268-K EDGAR
  12. May 27, 20264 EDGAR
  13. May 27, 20264 EDGAR
  14. May 26, 2026144 EDGAR
  15. May 15, 202610-Q EDGAR
  16. May 15, 20268-K/A EDGAR
  17. May 14, 20264 EDGAR
  18. Apr 30, 2026ARS EDGAR
  19. Apr 30, 2026DEFA14A EDGAR
  20. Apr 30, 2026DEF 14A EDGAR

The 215 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 2 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 26, 2026Bradshaw Wayne-Kent A.DirectorSale8,600$9.42$81.0KForm 4
May 22, 2026Bradshaw Wayne-Kent A.DirectorSale1,400$9.57$13.4KForm 4
May 7, 2026Driver JohnDirectorSale6,500$9.36$60.8KForm 4
Oct 15, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.10$7.1KForm 4
Oct 14, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.21$7.2KForm 4
Oct 13, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.32$7.3KForm 4
Oct 10, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.39$7.4KForm 4
Oct 9, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.61$7.6KForm 4
Oct 8, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.70$7.7KForm 4
Oct 7, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.61$7.6KForm 4
Oct 6, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.70$7.7KForm 4
Oct 3, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.50$7.5KForm 4
Oct 2, 2025DAVIDSON ROBERT C JRDirectorSale1,000$7.20$7.2KForm 4
Jan 31, 2025Bradshaw Wayne-Kent A.DirectorSale445$7.80$3.5KForm 4
Mar 13, 2023LONGBRAKE WILLIAM ADirectorBuy2,500$0.98$2.5KForm 4
Mar 10, 2023LONGBRAKE WILLIAM ADirectorBuy7,500$1.18$8.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Brian E. ArgrettChief Executive Officer63$594.8K$926.0K86
2025Zakariya IbrahimChief Financial Officer50$349.6K$510.7K86
2025John AllenChief Banking Officer57$310.0K$380.1K86
2024Brian E. ArgrettChief Executive Officer63$577.5K$908.5K86
2024Zakariya IbrahimChief Financial Officer50$248.5K$451.6K86

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC313,765$3.0M0.0%−191
Bank Of America Corp /de/266,492$2.6M0.0%No change
Grace & White Inc /ny175,965$1.7M0.3%−1,120
Us Bancorp \de\70,458$680.6K0.0%−1,120
Geode Capital Management, LLC70,024$676.6K0.0%+1,041
Wittenberg Investment Management, Inc.56,156$542.5K0.2%No change
Vanguard Fiduciary Trust Co30,480$294.4K0.0%+191
BlackRock, Inc.15,944$154.0K0.0%+4,042
Renaissance Technologies LLC14,470$139.8K0.0%+200
Millennium Management LLC11,979$115.7K0.0%−3,254
Dimensional Fund Advisors LP11,418$110.3K0.0%−3,969
Osaic Holdings, Inc.1,760$17.0K0.0%No change
Morgan Stanley32$3090.0%No change
Tower Research Capital LLC (TRC)25$2420.0%−591
Group One Trading LLC12$1160.0%No change
Barclays PLC6$580.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Broadway Federal Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBROADWAY FINANCIAL CORP \DE\2
  • CIK0001001171
  • Employer ID (EIN)95-454728717
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6035 Savings Institution, Federally Chartered2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address5055 Wilshire Blvd Ste 500, Los Angeles, CA 900362
  • Phone32363417002
  • Shares outstanding6,206,166 Voting Class A Common Stock shares; 1,425,404 Nonvoting Class B Common Stock shares; 1,672,562 Nonvoting Class C Common Stock shares as of Mar 18, 202617
  • Public float$54.2M as of Jun 30, 202517
  • AuditorCrowe LLP, Washington, District of Columbia PCAOB ID 173; no auditor attestation of internal control over financial reporting17
  • On EDGAR sinceMay 15, 19962
  • Filings1,109 in all: 4 (287), 8-K (252), 5 (96), 10-Q (56), SC 13G/A (49), 3 (37), 10QSB (36), 4/A (35)2
    All 52 form types

    DEF 14A (30), SC 13G (19), 10-K (18), 10-K/A (18), 425 (18), SC 13D/A (16), 10KSB (11), NT 10-Q (10), 8-K/A (8), NT 10-K (8), UPLOAD (8), DEFA14A (7), PRE 14A (7), SC 13D (7), ARS (6), D (6), EFFECT (6), 424B3 (5), S-8 (5), 10-Q/A (4), 5/A (4), CORRESP (4), S-1/A (4), 10KSB/A (3), DEFR14A (3), POS AM (3), 10QSB/A (2), PRRN14A (2), S-1 (2), SCHEDULE 13G (2), SCHEDULE 13G/A (2), 10KSB40 (1), 144 (1), 3/A (1), 8-A12B (1), 8-A12G (1), DFAN14A (1), NT 10-K/A (1), NT 10-Q/A (1), PREC14A (1), PX14A6G (1), S-4 (1), S-4/A (1), SC TO-C (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Oct 2, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareBYFCNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Broadway Federal Bank names in Item 1A of its 10-K filed Mar 31, 2026: 23 risks under these headings, as written.17

  • Risks Relating to Our Business
  • The macroeconomic environment could pose significant challenges for the Company and could adversely affect our financial condition and results of operations.
  • Our future success will depend on our ability to compete effectively in the highly competitive financial services industry in the greater Washington, D.C. and Los Angeles metropolitan areas.
  • A downturn in the real estate market could seriously impair our loan portfolio and operating results.
  • Our allowance for credit losses may not be adequate to cover actual loan losses.
  • Changes in interest rates affect profitability.
  • Changes in governmental regulation may impair operations or restrict growth.
  • Negative public opinion regarding us or the failure to maintain our reputation in the communities we serve could adversely affect our business and prevent us from growing our business.
  • We may not be successful in retaining key employees.
  • General Risk Factors
  • Ineffective internal control over financial reporting could affect our ability to record, process, and report financial information accurately, impair our ability to prepare financial statements, negatively affect investor confidence, and cause reputational harm.
  • Our failure to meet the continued listing requirements of Nasdaq could result in a delisting of our common stock, which would negatively impact the market price and liquidity of our common stock and our ability to access the capital markets.
The other 13 risks
  • The market price of our common stock is volatile. Stockholders may not be able to resell shares of our common stock at times or at prices they find attractive.
  • We have not paid cash dividends on our common stock since 2010 and we may not pay any cash dividends on our common stock for the foreseeable future.
  • Stock sales by us or other dilution of our equity may adversely affect the market price of our common stock.
  • Anti-takeover provisions of our certificate of incorporation and bylaws, federal and state law and our stockholder rights plan may limit the ability of another party to acquire the Company, which could depress our stock price.
  • Our common stock is not insured and stockholders could lose the value of their entire investment.
  • If we were to lose CDFI certification at the Bank level or fail to obtain CDFI certification at the holding company level, our ability to obtain certain grants and awards received in the past may be adversely affected.
  • Systems failures, interruptions and cybersecurity breaches in our information technology and telecommunications systems and of third-party service providers could have a material adverse effect on us.
  • The financial services industry is undergoing rapid technological change, and we may not have the resources to effectively implement new technology or may experience operational challenges when implementing new technology.
  • The markets in which we operate are susceptible to natural disasters, including earthquakes, fires, drought, flooding, extreme heat, and other severe weather or catastrophic events, any of which could result in a disruption of our operations and increases in loan losses.
  • Risks Relating to the Company Being a Public Benefit Corporation
  • We cannot provide any assurance that we will achieve our public benefit purposes.
  • As a Delaware public benefit corporation, our focus on specific public benefit purposes and producing a positive effect for society can negatively impact our financial performance.
  • As a Delaware public benefit corporation, the Company’s directors have a fiduciary duty to consider not only our stockholders’ interests, but also the specific public benefit purposes we have committed to promote and the interests of other stakeholder constituencies. If a conflict between such interests arises, there is no guarantee such conflict would be resolved in favor of the interests of our stockholders.
  • As a Delaware public benefit corporation, we may be subject to increased derivative litigation concerning our duty to balance stockholder and public benefit interests, the occurrence of which may have an adverse impact on its financial condition and results of operations.

Legal proceedings

In the ordinary course of business, we are defendants in various litigation matters from time to time. In our opinion, the disposition of any litigation and other legal and regulatory matters currently pending or threatened against us would not have a material adverse effect on our financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.17

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
    SEC EDGAROther events
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86