Item 8.01 Other Events.
In addition, the Company will be adding the following risk factor to its future periodic reports.
War, terrorism, other acts of violence or natural or man-made disasters, including a global pandemic, may affect the markets in which the Company operates, the Company's customers, the Company's delivery of products and customer service, and could have a material adverse impact on our business, results of operations, or financial conditions.
The Company's business may be adversely affected by instability, disruption or destruction in a geographic region in which it operates, regardless of cause, including war, terrorism, riot, civil insurrection or social unrest, and natural or man-made disasters, including famine, food, fire, earthquake, storm or pandemic events and spread of disease (including the recent outbreak of the coronavirus commonly referred to as "COVID-19"). Such events may cause customers to suspend their decisions on using the Company's products and services, make it impossible to attend or sponsor trade shows or other conferences in which our products and services are presented to customers and potential customers, cause restrictions, postponements and cancellations of events that attract large crowds and public gatherings such as trade shows at which we have historically presented our products, and give rise to sudden significant changes in regional and global economic conditions and cycles that could interfere with purchases of goods or services, commitments to develop new products. These events also pose significant risks to the Company's personnel and to physical facilities, transportation and operations, which could materially adversely affect the Company's financial results.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains statements as to the Company's beliefs
and expectations of the outcome of future events that are forward-looking
statements as defined in the Private Securities Litigation Reform Act of 1995.
You can identify these statements by the fact that they do not relate strictly
to historical or current facts. Examples of these statements include, but are
not limited to, statements regarding the anticipated impact of the COVID-19
outbreak on travel and physical locations, the anticipated impact of such
outbreak on our results of operations, and possible effect of the postponement
and cancellation of trade shows and events on our overall revenues. These
forward-looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from the statements made. These risks
and uncertainties include, but are not limited to, the effects of the COVID-19
outbreak, including levels of consumer, business and economic confidence
generally. The duration of the COVID-19 outbreak and severity of such outbreak,
the pace of recovery following the COVID-19 outbreak, the effect on our supply
chain, our ability to implement cost containment and business recovery
strategies; and the adverse effects of the COVID-19 outbreak on our business or
the market price of our common stock and the risk factors described in our
Annual Report on Form 10-K for the year ended
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