NNBR on Nasdaq

NN INC

American metalworkg machinery and equipment company, incorporated in Delaware1

In its 2026 annual report the company says: “NN, Inc., a Delaware corporation, is a diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of end markets on a global basis. Our enterprise and management structure is designed to accelerate growth and further balance our portfolio by aligning our strategic assets and businesses.”3 It is headquartered in Charlotte, North Carolina.1 Its shares trade on Nasdaq under the symbol NNBR.1

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Last updated Oct 21, 2026.

Overview

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  • TickerNNBR on Nasdaq1
  • IndustryMetalworkg Machinery & Equipment1
  • HeadquartersCharlotte, North Carolina1
  • Incorporated inDE2
  • Business address6210 Ardrey Kell Road, Suite 120, Charlotte, Nc 282772
  • Filer categoryNon-accelerated filer, Smaller reporting company2

NN, Inc., a Delaware corporation, is a diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of end markets on a global basis. As used in this Annual Report, the terms the “Company,” “we,” “our,” or “us” refer to NN, Inc. and its subsidiaries. As of December 31, 2025, we had 27 facilities in North America, South America, Europe, and China.3 From its latest annual report

Financials

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

Key numbers, fiscal 2025

-4.5%Operating margin4
-8.1%Net margin4
-9.1%Revenue growth, 20254
-100.0%Return on equity4
4.52×Debt to equity4
-$7.2MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Automotive brought in 58% of the revenue NN INC broke down this way in fiscal 2025.

  1. Automotive$246.9M458%up 12% from 2024
  2. Electrical$74.9M418%down 7% from 2024
  3. General Industrial$54.1M413%down 54% from 2024
  4. Other End Market$46.3M411%up 3% from 2024
Products and services by year
Products and services202320242025
Automotive$247.5M$221.2M$246.9M
Electrical$67.5M$80.5M$74.9M
General Industrial$125.6M$117.7M$54.1M
Other End Market$48.6M$44.8M$46.3M

Business segments

Mobile Solutions brought in 58% of the revenue NN INC broke down this way in fiscal 2025.

  1. Mobile Solutions$244.0M458%down 14% from 2024
  2. Power Solutions$178.6M442%down 1% from 2024
Business segments by year
Business segments202320242025
Mobile Solutions$303.3M$283.9M$244.0M
Power Solutions$185.9M$180.5M$178.6M

Regions

United States brought in 54% of the revenue NN INC broke down this way in fiscal 2025.

  1. United States$228.8M454%down 14% from 2024
  2. [Canada]$71.8M417%up 6% from 2024
  3. Other Country$48.4M411%up 3% from 2024
  4. BRMember$41.4M410%down 7% from 2024
  5. Mexico$15.8M44%down 38% from 2024
  6. DEMember$12.2M43%up 21% from 2024
  7. PL$3.8M41%down 9% from 2024
Regions by year
Regions202320242025
United States$294.0M$265.0M$228.8M
[Canada]$58.2M$68.0M$71.8M
Other Country$46.8M$47.1M$48.4M
BRMember$48.7M$44.3M$41.4M
Mexico$26.7M$25.7M$15.8M
DEMember$8.7M$10.1M$12.2M
PL$6.2M$4.1M$3.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin11¢$46.2M
  • Other costs83¢$350.5M
  • Interest5¢$22.4M
  • Income tax1¢$3.2M

Out of $422.2M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$12.9M

Out of $5.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$422.2M in 2025−14% since 2019
0$200.0M$400.0M$600.0M2019: $489.5M$489.5M20192020: $427.5M$427.5M2020−13%2021: $477.6M$477.6M2021+12%2022: $498.7M$498.7M2022+4%2023: $489.3M$489.3M2023−2%2024: $464.3M$464.3M2024−5%2025: $422.2M$422.2M2025−9%
Operating income56784-$18.9M in 2025+8% since 2019
-$150.0M-$100.0M-$50.0M02019: -$17.6M-$17.6M20192020: -$117.5M-$117.5M2020+568%2021: -$9.0M-$9.0M2021−92%2022: -$21.1M-$21.1M2022+134%2023: -$21.8M-$21.8M2023+3%2024: -$27.5M-$27.5M2024+26%2025: -$18.9M-$18.9M2025−31%
Net income56784-$34.0M in 2025−27% since 2019
-$150.0M-$100.0M-$50.0M02019: -$46.7M-$46.7M20192020: -$100.6M-$100.6M2020+115%2021: -$13.2M-$13.2M2021−87%2022: -$26.1M-$26.1M2022+97%2023: -$50.1M-$50.1M2023+92%2024: -$38.3M-$38.3M2024−24%2025: -$34.0M-$34.0M2025−11%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Net sales$422.2M$464.3M$489.3M
Cost of sales (exclusive of depreciation and amortization shown separately below)$362.8M$394.8M$419.2M
Selling, General and Administrative Expense$46.2M$49.5M$47.4M
Depreciation and amortization$35.9M$45.3M$46.1M
Other operating expense (income), net-$3.8M$2.2M-$1.7M
Loss from operations-$18.9M-$27.5M-$21.8M
Interest expense$22.4M$22.1M$21.1M
Gain (Loss) on Extinguishment of Debt$3.0M$349.0K$0
Other expense (income), net-$4.6M-$4.6M$10.7M
Loss before provision for income taxes and share of net income from joint venture-$39.7M-$45.4M-$53.7M
Provision for income taxes-$3.2M-$2.4M-$2.3M
Share of net income from joint venture$8.9M$9.6M$5.8M
Net loss-$34.0M-$38.3M-$50.1M
Foreign currency translation gain (loss)$9.6M-$9.4M$1.4M
Change in fair value, net of tax$0$0-$230.0K
Reclassification adjustments included in net loss, net of tax$0$1.0M$1.8M
Other comprehensive income (loss)$9.6M-$10.4M-$635.0K
Comprehensive loss-$24.4M-$48.7M-$50.8M

Compare NN INC with another company

Corporate structure

NN INC 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 NN INC

  • NN INC Charlotte, North Carolina

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

What it owns

What NN INC 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
Finance-lease assets$18.1M4 Dec 31, 2025$16.6M4 Dec 31, 2024+9.2%
Operating-lease assets (leased space)$35.2M4 Dec 31, 2025$39.3M4 Dec 31, 2024−10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$11.4M4 Dec 31, 2025$18.1M4 Dec 31, 2024−37.2%
Stakes in other companies (equity method)$42.5M4 Dec 31, 2025$35.0M4 Dec 31, 2024+21.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$173.5M4 Dec 31, 2025$173.5M4 Dec 31, 20240%
Accumulated amortization$142.7M4 Dec 31, 2025$129.1M4 Dec 31, 2024+10.6%
Finite-lived intangibles, net$30.8M4 Dec 31, 2025$44.4M4 Dec 31, 2024−30.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$66.0M4 Dec 31, 2025$61.9M4 Dec 31, 2024+6.6%
Raw materials$26.5M4 Dec 31, 2025$20.7M4 Dec 31, 2024+28.4%
Work in process$19.7M4 Dec 31, 2025$22.1M4 Dec 31, 2024−10.8%
Finished goods$19.7M4 Dec 31, 2025$19.1M4 Dec 31, 2024+3.3%

Properties, in its own words

As of December 31, 2025, we owned or leased 27 facilities in a total of six countries, which includes a manufacturing facility owned by the JV in China. Utilization of these sites may vary with product mix and economic, seasonal, and other business conditions. Our plants generally have sufficient capacity for existing needs and expected near-term growth. These plants are generally well maintained, in good operating condition, and suitable and adequate for their use. The following table lists the current locations of our facilities by segment.

Mobile Solutions Group

The rest of Item 2

Campinas, Brazil · Office · Brazil · Leased

Kamienna Gora, Poland · Plant 1 · Poland · Owned

Kamienna Gora, Poland · Plant 2 · Poland · Owned

Kentwood, Michigan · Plant 1 · U.S.A. · Leased

Kentwood, Michigan · Plant 2 · U.S.A. · Leased

Kentwood, Michigan · Plant 3 · U.S.A. · Leased

Kentwood, Michigan · Office · U.S.A. · Owned

Marnaz, France · Plant · France · Owned

Marshall, Michigan · Plant · U.S.A. · Leased

Sao Joao da Boa Vista, Brazil · Plant 1 · Brazil · Leased

Sao Joao da Boa Vista, Brazil · Plant 2 · Brazil · Leased

Sao Joao da Boa Vista, Brazil · Plant 3 · Brazil · Leased

Wellington, Ohio · Plant · U.S.A. · Leased

Wuxi, China · Plant · China · Leased

Power Solutions Group

Algonquin, Illinois · Plant · U.S.A. · Leased

Attleboro, Massachusetts · Plant 1 · U.S.A. · Leased

Attleboro, Massachusetts · Plant 2 · U.S.A. · Leased

Attleboro, Massachusetts · Plant 3 · U.S.A. · Leased

Attleboro, Massachusetts · Plant 4 · U.S.A · Leased

Attleboro, Massachusetts · Office · U.S.A. · Leased

Foshan City, China · Plant · China · Leased

Mexico City, Mexico · Plant · Mexico · Owned

North Attleboro, Massachusetts · Plant · U.S.A. · Owned

Palmer, Massachusetts · Plant · U.S.A. · Leased

Joint Venture

Wuxi, China · Plant 1 · China · Leased

Wuxi, China · Plant 2 · China · Leased

Corporate

Charlotte, North Carolina · Office · U.S.A · Leased

Item 2 of the 10-K filed Mar 4, 2026.3

Leadership

Who has led NN INC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (42)

Former names

  • NN BALL & ROLLER INCAug 12, 1996 to Apr 10, 20002

Timeline

  1. Oct 8, 20268-K Regulation FD disclosure; Other events63
  2. Oct 5, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure64
  3. Sep 30, 20268-K Bylaws or fiscal year changed; Shareholder vote65
  4. Sep 22, 20268-K Regulation FD disclosure66
  5. Sep 9, 20268-K Regulation FD disclosure67
  6. Aug 20, 20268-K Regulation FD disclosure68
  7. Aug 5, 20268-K Results of operations; Regulation FD disclosure69
  8. Jul 31, 20268-K Entered a material agreement70
  9. Jul 24, 20268-K Executive or director change71
  10. Jul 23, 20268-K Executive or director change72
  11. Jul 1, 20268-K Entered a material agreement; Unregistered sale of shares73
  12. Jun 22, 20268-K Regulation FD disclosure74
  13. May 23, 2023New chief executive Harold C. Bevis becomes CEO12
  14. Sep 24, 2019New chief executive Warren A. Veltman becomes CEO13
  15. Jun 12, 2013New chief executive Richard D. Holder becomes CEO14
  16. May 30, 2007New chief executive Roderick R. Baty becomes CEO15

Calendar

Coming up

  1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Oct 29, 2025.75

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results69
  2. May 6, 2026Reported quarterly or annual results76
  3. Apr 14, 2026Reported quarterly or annual results77
  4. Mar 4, 2026Reported quarterly or annual results78
  5. Oct 29, 2025Reported quarterly or annual results79
  6. Aug 7, 2025Reported quarterly or annual results80
  7. May 7, 2025Reported quarterly or annual results81
  8. Apr 21, 2025Reported quarterly or annual results82

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

Filings

326 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 73 major events, 156 insider forms, 41 large holders, 1 private raises, 35 other. The latest 20:

  1. Oct 14, 2026D EDGAR
  2. Oct 13, 2026S-3 EDGAR
  3. Oct 8, 20268-K EDGAR
  4. Oct 5, 20268-K EDGAR
  5. Oct 2, 2026144 EDGAR
  6. Sep 30, 20268-K EDGAR
  7. Sep 29, 2026144 EDGAR
  8. Sep 23, 2026144 EDGAR
  9. Sep 22, 20268-K EDGAR
  10. Sep 9, 20268-K EDGAR
  11. Aug 28, 2026DEF 14A EDGAR
  12. Aug 25, 2026PRER14A EDGAR
  13. Aug 24, 2026144 EDGAR
  14. Aug 20, 20268-K EDGAR
  15. Aug 17, 2026144 EDGAR
  16. Aug 14, 2026SCHEDULE 13D/A EDGAR
  17. Aug 14, 2026144 EDGAR
  18. Aug 12, 2026SCHEDULE 13G EDGAR
  19. Aug 11, 2026PRE 14A EDGAR
  20. Aug 10, 2026SCHEDULE 13D/A EDGAR

The 326 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

87 open-market trades by officers, directors and large owners since October 2021: 65 buys and 22 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 12, 2026White Raymond T.DirectorSale18,782$2.41$45.3KForm 4
Apr 27, 2026Barrett John Frederick10% ownerSale136,165$2.63$358.1KForm 4
Apr 27, 2026Corre Partners Management, LLC10% ownerSale136,165$2.63$358.1KForm 4
Apr 24, 2026Barrett John Frederick10% ownerSale12,199$2.51$30.6KForm 4
Apr 24, 2026Corre Partners Management, LLC10% ownerSale12,199$2.51$30.6KForm 4
Apr 23, 2026Barrett John Frederick10% ownerSale555,305$2.69$1.5MForm 4
Apr 23, 2026Corre Partners Management, LLC10% ownerSale555,305$2.69$1.5MForm 4
Apr 22, 2026Barrett John Frederick10% ownerSale94,380$2.30$217.1KForm 4
Apr 22, 2026Corre Partners Management, LLC10% ownerSale94,380$2.30$217.1KForm 4
Apr 21, 2026Barrett John Frederick10% ownerSale55,483$2.21$122.6KForm 4
Apr 21, 2026Corre Partners Management, LLC10% ownerSale55,483$2.21$122.6KForm 4
Apr 20, 2026Barrett John Frederick10% ownerSale79,757$2.24$178.7KForm 4
Apr 20, 2026Corre Partners Management, LLC10% ownerSale79,757$2.24$178.7KForm 4
Apr 17, 2026Barrett John Frederick10% ownerSale348,161$2.29$797.3KForm 4
Apr 17, 2026Corre Opportunities Qualified Master Fund, LP10% ownerSale348,161$2.29$797.3KForm 4
Apr 16, 2026Barrett John Frederick10% ownerSale40,030$2.04$81.7KForm 4
Apr 16, 2026Corre Opportunities Qualified Master Fund, LP10% ownerSale40,030$2.04$81.7KForm 4
Apr 15, 2026Barrett John Frederick10% ownerSale315,436$2.06$649.8KForm 4
Apr 15, 2026Corre Opportunities Qualified Master Fund, LP10% ownerSale315,436$2.06$649.8KForm 4
May 15, 2025Gautam RajeevDirectorBuy10,000$2.22$22.2KForm 4

All 87 trades can be filtered by person here when JavaScript is on.

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.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 86. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Legion Partners Asset Management, LLC4,773,147$17.1M42.2%−18,782
First Manhattan Co. Llc.3,303,800$11.9M0.0%−33,000
Vanguard Capital Management LLC2,037,299$7.3M0.0%+105,586
Nomura Holdings Inc1,796,659$6.5M0.0%−148,173
Two Sigma Investments, LP1,663,043$6.0M0.0%+1,652,843
Register Financial Advisors LLC1,393,406$5.0M1.5%+82,043
Corre Partners Management, LLC1,238,637$4.4M1.2%−4,966,994
Morgan Stanley1,120,202$4.0M0.0%−415,864
Renaissance Technologies LLC966,000$3.5M0.0%+416,960
BlackRock, Inc.764,051$2.7M0.0%+22,259
Geode Capital Management, LLC647,167$2.3M0.0%−24,521
Ranger Investment Management, L.P.568,235$2.0M0.1%New
Walleye Capital LLC546,652$2.0M0.0%New
De Lisle Partners LLP528,482$1.9M0.2%+62,061
Oaktree Capital Management LP510,943$1.8M0.0%New
Oaktree Fund Advisors, LLC503,960$1.8M3.1%New
Huntleigh Advisors, Inc.440,100$1.6M0.2%New
Pacific Ridge Capital Partners, LLC410,352$1.5M0.3%−3,204
RBF Capital, LLC387,345$1.4M0.1%−447,584
Goldman Sachs Group Inc372,334$1.3M0.0%+198,694
Vanguard Fiduciary Trust Co301,935$1.1M0.0%+46,858
Johnson Financial Group, LLC270,494$971.1K0.1%No change
Dimensional Fund Advisors LP260,457$934.2K0.0%−21,562
Bank Of America Corp /de/226,507$813.2K0.0%+199,482
State Street Corp224,344$805.4K0.0%+13,835

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

SEC filer profile

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

  • Name on EDGARNN INC1
  • CIK0000918541
  • Employer ID (EIN)62-10967253
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3540 Metalworkg Machinery & Equipment1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address6210 Ardrey Kell Road, Suite 120, Charlotte, NC 282771
  • Phone980-264-43001
  • Shares outstanding82,580,864 as of Jul 28, 202610
  • Public float$74.4M as of Jun 30, 20253
  • AuditorGRANT THORNTON LLP, Charlotte, North Carolina PCAOB ID 248; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceAug 12, 19961
  • Filings1,524 in all: 4 (616), 8-K (320), SC 13G/A (118), 10-Q (90), SC 13G (67), 3 (48), DEF 14A (33), 10-K (29)1
    All 42 form types

    4/A (19), SC 13D/A (16), DEFA14A (14), UPLOAD (14), SD (13), 8-K/A (12), CORRESP (12), SCHEDULE 13D/A (12), 10-Q/A (11), S-8 (9), 144 (8), 424B5 (7), 10-K/A (6), S-3 (6), EFFECT (4), PRE 14A (4), S-3/A (4), SC 13D (4), SCHEDULE 13G (4), 5 (3), ARS (3), SCHEDULE 13G/A (3), D (2), NT 10-K (2), NT 10-Q (2), 10-K405 (1), 424B3 (1), 8-A12B (1), 8-A12G/A (1), DEFR14A (1), POS AM (1), PRER14A (1), PRES14A (1), RW (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Aug 28, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01NNBRThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks NN INC names in Item 1A of its 10-K filed Mar 4, 2026: 34 risks under these headings, as written.3

  • Risks Related to Our Operations
  • We depend heavily on a relatively limited number of customers, and the loss of any major customer would have a material adverse effect on our business.
  • Work stoppages or similar difficulties and unanticipated business disruptions could significantly disrupt our operations, reduce our revenues and materially affect our earnings.
  • We purchase raw materials from suppliers and sell products to customers outside the U.S. and are subject to several risks related to doing business internationally.
  • We have international operations that are subject to foreign economic uncertainties and foreign currency fluctuation.
  • Increased prices or significant shortages of the commodities that we use in our businesses have had, and could continue to have, a material adverse effect on our business, prospects, financial condition, liquidity, results of operations or cash flows.
  • Quality problems with our products could harm our reputation, erode our competitive advantage and could result in a product recall.
  • Our inability to effectively manage the timing, quality and costs of new program launches could adversely affect our financial performance.
  • We face the challenge of accurately aligning our capacity and/or inventory levels with our demand.
  • Our markets are highly competitive, and many of our competitors have significant advantages that could adversely affect our business.
  • The loss of key personnel and the inability to attract and retain qualified employees could have a material adverse impact on our operations.
  • Our business depends upon good relations with our employees. Work stoppages, slowdowns or legal action by our employees represented by labor councils or unions, as applicable, may have a material adverse effect on our business, financial condition, results of operations and cash flows.
The other 23 risks
  • We and the third parties with whom we work are subject to numerous, evolving U.S. and foreign laws, regulations, and rules, contractual obligations, industry standards, policies and other obligations related to data privacy and security. Our (or the third parties with whom we work) actual or perceived failure to comply with such obligations could materially adversely affect our business, financial condition, results of operations, and reputation.
  • A security breach or disruption to our information technology systems, or those of the third parties with whom we work, could materially adversely affect our business, financial condition, results of operations, and reputation.
  • Pandemics, epidemics, disease outbreaks and other public health crises could materially adversely impact our business, financial condition, results of operations and cash flows.
  • Physical effects of climate change or legal, regulatory or market measures intended to address climate change could materially adversely affect our business and operations.
  • If we are unable to secure and maintain patent or other intellectual property protection for our intellectual property, our ability to compete will be harmed.
  • Risks Related to Legal and Regulatory Compliance
  • Environmental, health and safety laws and regulations impose substantial costs and limitations on our operations, environmental compliance may be more costly than we expect, and any adverse regulatory action may materially adversely affect our business.
  • Changes in U.S. administrative policy, including the imposition of or increases in tariffs, changes to existing trade agreements and any resulting changes in international trade relations, may have an adverse effect on our business.
  • Changes in U.S. or foreign tax laws, or an extended government shutdown, could have a material adverse effect on our business, cash flow, results of operations and financial condition.
  • Our ability to use our Net Operating Loss carryforwards and certain other tax attributes may be limited.
  • The Company has been, and could in the future be, subject to actions or requests from activist stockholders, and such activism could adversely affect the strategic direction and business results of the Company.
  • Risks Related to Our Capital Structure
  • Our indebtedness and Series D Perpetual Preferred Stock (the “Series D Preferred Stock”) could adversely affect our business, prospects, financial condition, results of operations, or cash flows.
  • Despite our indebtedness level, we may still be able to incur substantial additional amounts of debt or issue additional shares of preferred stock, which could further exacerbate the risks associated with our substantial indebtedness.
  • The agreements governing our indebtedness and our Series D Preferred Stock contain covenants and other restrictions that may limit operating and financial decisions.
  • We may not be able to generate sufficient cash to service all of our indebtedness and other obligations, and we may not be able to refinance our debt obligations as they mature.
  • The price of our common stock may be volatile.
  • Provisions in our charter documents and Delaware law may inhibit a takeover, which could adversely affect the value of our common stock.
  • Risks Related to Acquisitions and Divestitures
  • Acquisitions may constitute an important part of our future growth strategy.
  • We may not realize all of the anticipated benefits from any future strategic acquisition, or those benefits may take longer to realize than expected.
  • The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and may result in unexpected liabilities.
  • Our participation in joint ventures could expose us to additional risks from time to time.
  • Any divestitures and discontinued operations could negatively impact our business and retained liabilities from businesses that we may sell could adversely affect our financial results.
  • General Risk Factors
  • Damage to our reputation could harm our business, including our competitive position and business prospects.
  • Unstable market and economic conditions and adverse developments with respect to financial institutions and associated liquidity risk may have serious adverse consequences on our business, financial condition and stock price.

Legal proceedings

As disclosed in Note 12 of the Notes to Consolidated Financial Statements included elsewhere in this Annual Report, we are engaged in certain legal proceedings, and the disclosure set forth in Note 12 relating to certain commitments and contingencies is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.3

Sources

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