Grayscale Litecoin Trust (LTC) (LTCN) 10-K: Business Changes Lead 3 September 2026 Filing Roundup

As of June 30, 2025, 2024 and 2023 the Trust held 2,018,905.79240947 , 1,794,013.32656083 and 1,505,668.18819118 LTC, respectively. The Trust determined the fair value per LTC to be $ 87.11 , $ 74.60 , and $ 105.38 on June 30, 2025, 2024 and 2023 respectively, using the price provided at 4:00 p.m., New York time, by the Digital Asset Trading Platform Market considered to be the Trust’s principal market (Coinbase). The following represents the changes in quantity of LTC and the respective fair value: (Amounts in thousands, except LTC amounts) Quantity Fair Value Balance at June 30, 2022 1,543,785.68163914 $ 79,397 LTC contributed – – LTC distributed for Sponsor’s Fee, related party ( 38,117.49344796 ) ( 2,816 ) Net change in unrealized appreciation on investment in LTC – 82,832 Net realized loss on investment in LTC – ( 746 )…

Business—Overview of the LTC Industry and Market—LTC Value—The Index and the Index Price.” 54 The following table illustrates the movements in the Index Price from July 1, 2021 to June 30, 2026. The Sponsor has not observed a material difference between the Index Price and average prices from the Constituent Trading Platforms individually or as a group.

As of June 30, 2025 and 2024, 166,861 and 627,102 , Shares of the Trust were held by related parties of the Trust, respectively. Genesis Global Trading, Inc. filed a certificate of dissolution in August 2024, and has therefore been removed from the list of related parties. In accordance with the Trust Agreement governing the Trust, the Trust pays a fee to the Sponsor, calculated as 2.5 % of the aggregate value of the Trust’s assets, less its liabilities (which include any accrued but unpaid expenses up to, but excluding, the date of calculation), as calculated and published by the Sponsor or its delegates in the manner set forth in the Trust Agreement (the “Sponsor’s Fee”).

Business—Overview of the LTC Industry and Market—LTC Value—The Index and the Index Price.” 54 The following table illustrates the movements in the Index Price from July 1, 2021 to June 30, 2026. The Sponsor has not observed a material difference between the Index Price and average prices from the Constituent Trading Platforms individually or as a group. High Low Period Average Index Price Date Index Price Date End of period Last business day Twelve months ended June 30, 2022 $ 137.02 $ 275.50 11/10/2021 $ 42.68 6/18/2022 $ 51.27 $ 51.27 Twelve months ended June 30, 2023 $ 73.97 $ 105.55 6/30/2023 $ 47.55 7/12/2022 $ 105.55 $ 105.55 Twelve months ended June 30, 2024 $ 76.86 $ 111.10 7/2/2023 $ 58.07 9/11/2023 $ 74.62 $ 73.24 Twelve months ended June 30, 2025 $ 87.75 $ 137.18 1/17/2025 $ 55.46 8/5/2024 $ 87.12 $ 87.12 Twelve months ended June 30, 2026 $ 78.73 $ 130.23 8/13/2025 $ 40.04 6/24/2026 $ 41.79 $ 41.79 July 1, 2021 to June 30, 2026 $ 90.86 $ 275.50 11/10/2021 $ 40.04 6/24/2026 $ 41.79 $ 41.79 The following table illustrates the movements in the Digital Asset Market price of LTC, as reported on the Trust’s principal market, from July 1, 2021 to June 30, 2026.

62 The restrictions on transfer and redemption may result in losses on the value of the Shares. Shares purchased in a private placement may not be resold except in transactions exempt from registration under the Securities Act and state securities laws, and any such transaction must be approved in advance by the Sponsor. In determining whether to grant approval, the Sponsor will specifically look at whether the conditions of Rule 144 under the Securities Act and any other applicable laws have been met.

Risk Factors—Risk Factors Related to the Trust and the Shares—The restrictions on transfer and redemption may result in losses on the value of the Shares.” Transfer Restrictions Shares purchased in a private placement are restricted securities that may not be resold except in transactions exempt from registration under the Securities Act and state securities laws and any such transaction must be approved by the Sponsor. In determining whether to grant approval, the Sponsor will specifically look at whether the conditions of Rule 144 under the Securities Act and any other applicable laws have been met.

Business General Development of Business Brady was incorporated under the laws of the state of Wisconsin in 1914. Brady is a global manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people.

Business—Recent Development” for a discussion of our acquisition of the PSS business. The financial results of the PSS business will be integrated into the Company’s consolidated financial statements starting from August 3, 2026 and are expected to be included in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2026.

Information Available on the Internet The Company’s Corporate Internet address is www.bradyid.com. The Company makes available, free of charge, on or through its website, copies of its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and amendments to all such reports as soon as reasonably practicable after such reports are electronically filed with or furnished to the SEC. The Company is not including the information contained on or available through its website as part of, or incorporating such information by reference into, this Annual Report on Form 10-K.

Business—Recent Development” for a discussion of our acquisition of the PSS business. The financial results of the PSS business will be integrated into the Company’s consolidated financial statements starting from August 3, 2026 and are expected to be included in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2026. Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our audited consolidated financial statements and the notes to those statements (Item 8) in this Annual Report on Form 10-K.

The Company is organized and managed on a geographic basis with two reportable segments: Americas & Asia and Europe & Australia. Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our audited consolidated financial statements and the notes to those statements (

Exhibits and Financial Statement Schedules 105 Item 16. The use of words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “plan” or similar terminology are generally intended to identify forward-looking statements.

As of June 30, 2025, 2024 and 2023, the Trust held 392,285.62958128 , 344,528.53494921 and 304,664.86473559 BCH, respectively. The Trust determined the fair value per BCH to be $ 517.38 , $ 391.88 , and $ 302.01 on June 30, 2025, 2024 and 2023, respectively, using the price provided at 4:00 p.m., New York time, by the Digital Asset Trading Platform Market considered to be the Trust’s principal market (Coinbase). The following represents the changes in quantity of BCH and the respective fair value: (Amounts in thousands, except BCH amounts) Quantity Fair Value Balance at June 30, 2022 312,377.75996478 $ 31,213 BCH contributed – – BCH distributed for Sponsor’s Fee, related party ( 7,712.89522919 ) ( 934 ) Net change in unrealized appreciation on investment in BCH – 63,679 Net realized loss on investment in BCH – ( 1,946 )…

Business—Overview of the BCH Industry and Market—BCH Value—The Index and the Index Price.” 53 The following table illustrates the movements in the Index Price from July 1, 2021 to June 30, 2026. The Sponsor has not observed a material difference between the Index Price and average prices from the Constituent Trading Platforms individually or as a group.

As of June 30, 2025 and 2024, 593,178 and 589,898 , Shares of the Trust were held by related parties of the Trust, respectively. Genesis Global Trading, Inc. filed a certificate of dissolution in August 2024, and has therefore been removed from the list of related parties. In accordance with the Trust Agreement governing the Trust, the Trust pays a fee to the Sponsor, calculated as 2.5 % of the aggregate value of the Trust’s assets, less its liabilities (which include any accrued but unpaid expenses up to, but excluding, the date of calculation), as calculated and published by the Sponsor or its delegates in the manner set forth in the Trust Agreement (the “Sponsor’s Fee”).

Business—Overview of the BCH Industry and Market—BCH Value—The Index and the Index Price.” 53 The following table illustrates the movements in the Index Price from July 1, 2021 to June 30, 2026. The Sponsor has not observed a material difference between the Index Price and average prices from the Constituent Trading Platforms individually or as a group. High Low Period Average Index Price Date Index Price Date End of period Last business day Twelve months ended June 30, 2022 $ 422.42 $ 788.21 9/6/2021 $ 99.63 6/30/2022 $ 99.63 $ 99.63 Twelve months ended June 30, 2023 $ 121.05 $ 302.28 6/30/2023 $ 96.49 12/30/2022 $ 302.28 $ 302.28 Twelve months ended June 30, 2024 $ 314.81 $ 687.64 4/6/2024 $ 182.16 8/22/2023 $ 391.93 $ 387.20 Twelve months ended June 30, 2025 $ 385.86 $ 631.13 12/6/2024 $ 270.48 4/8/2025 $ 517.09 $ 517.09 Twelve months ended June 30, 2026 $ 495.62 $ 657.75 1/3/2026 $ 184.51 6/24/2026 $ 200.17 $ 200.17 July 1, 2021 to June 30, 2026 $ 347.93 $ 788.21 9/6/2021 $ 96.49 12/30/2022 $ 200.17 $ 200.17 The following table illustrates the movements in the Digital Asset Market price of BCH, as reported on the Trust’s principal market, from July 1, 2021 to June 30, 2026.

See “—Failure of funds that hold digital assets or that have exposure to digital assets through derivatives to receive SEC approval to list their shares on exchanges could adversely affect the value of the Shares.” The restrictions on transfer and redemption may result in losses on the value of the Shares. Shares purchased in a private placement may not be resold except in transactions exempt from registration under the Securities Act and state securities laws, and any such transaction must be approved in advance by the Sponsor. In determining whether to grant approval, the Sponsor will specifically look at whether the conditions of Rule 144 under the Securities Act and any other applicable laws have been met.

Risk Factors—Risk Factors Related to the Trust and the Shares—The restrictions on transfer and redemption may result in losses on the value of the Shares.” Transfer Restrictions Shares purchased in a private placement are restricted securities that may not be resold except in transactions exempt from registration under the Securities Act and state securities laws and any such transaction must be approved by the Sponsor. In determining whether to grant approval, the Sponsor will specifically look at whether the conditions of Rule 144 under the Securities Act and any other applicable laws have been met.

Portfolio Rebalancing for a description of the portfolio rebalancing. (5) Effective January 5, 2023, the Fund removed AVAX from the Fund’s portfolio and sold the AVAX holdings to purchase additional tokens of the remaining Fund Components in proportion to their respective weightings in accordance with the DLCS Methodology. Portfolio Rebalancing for a description of the portfolio rebalancing. The following represents the changes in quantity of each Fund Component and their respective fair values: (Amounts in thousands, except Bitcoin amounts) Quantity Fair Value Bitcoin balance at June 30, 2022 6,231.43654040 $ 117,743 Bitcoin contributed – – Net Bitcoin contributed from portfolio rebalancing 157.11106568 3,049 Bitcoin distributed for Manager’s Fee, related party ( 157.56894422 ) ( 3,549 ) Net change in unrealized appreciation on investment in Bitcoin – 69,386 Net realized gain on investment in Bitcoin – 2,556 Bitcoin balance at June…

Business—Investment Objective” for further details. The following chart sets out the historical premium and discount for the Shares calculated as a percentage of the historical closing prices for the Shares as reported by NYSE Arca divided by the Fund’s NAV per Share from September 19, 2025 to June 30, 2026.

The Authority has supervisory and enforcement powers to ensure the Fund’s compliance with the Private Funds Act. The regulatory analysis of the Fund in the Cayman Islands will change upon the listing of the Shares on NYSE Arca and operating a redemption program. At the time of listing, the Fund intends to apply to de-register as a private fund with the Authority on the basis that the Fund will not be registrable with the Authority as an investment fund by virtue of the Shares being listed on the NYSE Arca being a recognized stock exchange by the Authority.

Business—Investment Objective” for further details. The following chart sets out the historical premium and discount for the Shares calculated as a percentage of the historical closing prices for the Shares as reported by NYSE Arca divided by the Fund’s NAV per Share from September 19, 2025 to June 30, 2026. GDLC Premium/(Discount): GDLC Share Price vs.

Business—Fund Construction Criteria” in this Annual Report. The Fund relies on third-party service providers to perform certain functions essential to the affairs of the Fund and the replacement of such service providers could pose a challenge to the safekeeping of the Fund’s digital assets and to the operations of the Fund. The Fund relies on the Custodian, the Authorized Participants and other third-party service providers to perform certain functions essential to managing the affairs of the Fund.

Risk Factors—Risk Factors Related to the Fund and the Shares—The Fund relies on third-party service providers to perform certain functions essential to the affairs of the Fund and the replacement of such service providers could pose challenges to the safekeeping of the Fund’s digital assets and to the operations of the Fund.” Digital assets credited to the Fund’s Settlement Balance may be held in omnibus wallets maintained by the Prime Broker and/or at Coinbase Connected Venues. While the digital assets credited to the Fund’s Settlement Balance could be commingled with other assets, the digital assets in the Fund’s Settlement Balance will represent entitlement to a pro-rata share of the digital assets held in such omnibus wallets and/or at Coinbase Connected Venues.

Most of our revenue comes from long-term customer relationships. One customer accounted for $133.9 million or 17.4% of our consolidated revenue in fiscal 2025, which was primarily included in the Utilities and Power Infrastructure segment. Another customer accounted for $80.8 million or 10.5% of our consolidated revenue in fiscal 2025, which was primarily included in the Storage and Terminal Solutions segment.

Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended June 30, 2025, which was filed with the SEC on September 10, 2025. Payne assumed the role of President and Chief Executive Officer.

Business BUSINESS We began operations in 1984 as an Oklahoma corporation under the name of Matrix Service. In 1989, we incorporated in the State of Delaware under the name of Matrix Service Company, and in 1990 we began trading on the NASDAQ exchange. We provide engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets.

Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended June 30, 2025, which was filed with the SEC on September 10, 2025. Payne assumed the role of President and Chief Executive Officer. His appointment reflects the Board’s commitment to improving performance and delivering sustainable growth and profitability.

Information concerning mine safety violations or other regulatory matters required to be disclosed in this annual report under Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in Exhibit 95 to this Annual Report on Form 10-K. Substantially all of our stockholders maintain their shares in "street name" accounts and are not individually stockholders of record. As of August 31, 2025, there were 17 holders of record of our common stock.

Properties We believe all principal properties that we currently occupy are adequate and suitable for their intended use. Our principal properties are as follows: Location Description of Facility Segment Interest United States: Tulsa, Oklahoma Administrative and operations office All segments Leased Bakersfield, California Fabrication facility All segments Owned Bellingham, Washington Regional office, fabrication facility and warehouse Process and Industrial Facilities, Storage and Terminal Solutions Owned Broomall, Pennsylvania Regional office All segments Leased Catoosa, Oklahoma Fabrication facility, regional offices and warehouses All segments Leased & Owned (1) Houston, Texas Corporate headquarters, regional offices and warehouse All segments Leased & Owned Norco, California Regional office and warehouse Process and Industrial Facilities, Storage and Terminal Solutions Leased Pittsburgh, Pennsylvania Regional office All segments Leased Temperance, Michigan Regional office and warehouse Storage and Terminal Solutions Owned Tucson, Arizona Regional office and warehouse Process and Industrial Facilities, Storage and Terminal Solutions Leased Norwich, Connecticut Regional office Utility and Power Infrastructure Leased Harleysville, Pennsylvania Warehouse All segments Leased International: Leduc, Alberta, Canada Regional office and warehouse Storage and Terminal Solutions Leased Sarnia, Ontario, Canada Regional office and warehouse Storage and Terminal Solutions Owned Paju-si, Gyeonggi-do, South Korea Fabrication facility, regional office and warehouse Storage and Terminal Solutions Owned Sydney, New South Wales, Australia Regional office Storage and Terminal Solutions Leased (1) We constructed certain facilities on land acquired through ground leases with renewal options.

BUSINESS Company Overview Pro-Dex, Inc. (“Company,” “Pro-Dex,” “we,” “our,” “us”) specializes in the design, development, and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and craniomaxillofacial (“CMF”) markets. We have patented adaptive torque-limiting technology and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. We also manufacture and sell rotary air motors to a wide range of industries; however, these motors comprise a de minimis portion of our business.

BUSINESS Company Overview Pro-Dex, Inc. (“Company,” “Pro-Dex,” “we,” “our,” “us”) specializes in the design, development, and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and craniomaxillofacial (“CMF”) markets. We have patented adaptive torque-limiting technology and proprietary sealing solutions that appeal to our customers, primarily medical device distributors. Additionally, we provide engineering, quality and regulatory consulting services to our customers.

We compete in all of our markets with other major medical device companies. As a provider of outsourced services, we also compete with our customers’ own internal development and manufacturing groups. Competitive pressures and other factors, such as new product or new technology introductions by us, our customers’ internal development and manufacturing departments, or our competitors, may result in price or market share erosion that could have a material adverse effect on our business, results of operations, and financial condition.

We have patented adaptive torque-limiting technology and proprietary sealing solutions that appeal to our customers, primarily medical device distributors. Additionally, we provide engineering, quality and regulatory consulting services to our customers. We also manufacture and sell rotary air motors to a wide range of industries; however, these motors comprise a de minimis portion of our business.

PROPERTIES Our executive offices and manufacturing facility are located at 2361 McGaw Avenue, Irvine, California 92614. We lease the 28,000 square foot facility from an unrelated third party at a current base monthly lease rate of approximately $45,000 with 3% annual escalations through the expiration of the lease in September 2027. The building is a one-story, stand-alone structure of concrete “tilt-up” construction, approximately 45 years old and in good condition.

The building is a one-story, stand-alone structure of concrete “tilt-up” construction, approximately 45 years old and in good condition. Our APM facility located at 1649 Monrovia Avenue, Costa Mesa, California 92627 is represented by three approximately 2,500 square foot adjacent facilities leased from an unrelated third party at a lease rate of approximately $17,000 per month through December 31, 2026. We believe that our facilities are adequate for our current and expected future needs and are in full compliance with applicable state, EPA and other agency environmental standards.

We also built a leading U.S. and international government compliance portfolio. We are authorized at the FedRAMP Moderate and High levels and Impact Level 5 with the DOD for ZPA. In addition, in the U.S. we are authorized at both the FedRAMP Moderate and High levels for ZIA, among others.

Business Overview We are the cybersecurity platform for the AI era. We empower our customers with the cybersecurity solutions necessary to protect their enterprises, drive growth and outpace competitors where success depends on securely adopting the technologies required to operate and compete effectively in an AI world.

Our customers benefit from the cloud security effect of our ever-expanding ecosystem, enhanced by our advanced AI and ML capabilities, because once a new threat is detected, it can be blocked across our customer base within minutes. Many of the largest enterprises and government agencies in the world rely on our solutions to help them accelerate their move to the cloud. We have over 9,400 customers across all major geographies, with an emphasis on larger organizations, and we currently count approximately 40% of the Forbes Global 2000 and over 45% of Fortune 500 companies as customers.

Business Overview We are the cybersecurity platform for the AI era. We empower our customers with the cybersecurity solutions necessary to protect their enterprises, drive growth and outpace competitors where success depends on securely adopting the technologies required to operate and compete effectively in an AI world. We were founded in 2007, based on a vision that, with the broad adoption of SaaS applications, the internet would become the new corporate network, the cloud would become the new data center and perimeter-based security would fail to protect users, applications and data.

As of July 31, 2025, we had an accumulated deficit of $1,189.6 million. Because the market for our cloud platform is rapidly evolving and cloud-based security solutions have not yet reached widespread adoption, it is difficult for us to predict our future results of operations. We expect our operating expenses to increase significantly over the next several years as we continue to hire additional personnel, particularly in research and development and sales and marketing, expand our operations and infrastructure, both domestically and internationally, and continue to develop our platform.

As of July 31, 2026, we had an accumulated deficit of $1,252.7 million. Because the market for our cloud platform is rapidly evolving and cloud-based security solutions are still in the process of being widely adopted, it is difficult for us to predict our future results of operations. We expect our operating expenses to increase significantly over the next several years as we continue to hire additional personnel, particularly in research and development and sales and marketing, expand our operations and infrastructure, both domestically and internationally, and continue to develop our platform.

In the past five years, we have either opened or relocated 17 design centers with an average size of 7,200 square feet. These smaller footprint design centers reflect our shift to lifestyle centers that better project our brand and offer increased traffic opportunities while reducing excess space. During fiscal 2025, four new Company-operated design centers were opened that showcase Ethan Allen home furnishings while combining complimentary interior design services with technology.

In the past five years, we have either opened or relocated 17 design centers with an average size of 7,230 square feet. These new design centers reflect our shift to lifestyle centers that better project our brand and optimize space. During fiscal 2026, four new Company-operated design centers were opened that showcase Ethan Allen home furnishings while combining complimentary interior design services with technology.

BUSINESS Overview Ethan Allen is a leading interior design company, manufacturer and retailer in the home furnishings marketplace. We are a global luxury home fashion brand that is vertically integrated from product design through home delivery, which offers our customers stylish product offerings, artisanal quality, and personalized service. We are known for the quality and craftsmanship of our products as well as for the exceptional personal service from design to delivery, and for our commitment to social responsibility and sustainable operations.

Our North American manufacturing and logistics operations are an integral part of an overall strategy to maximize production efficiencies and maintain this competitive advantage. Being vertically integrated across retail, manufacturing and logistics gives us additional flexibility to navigate changing economic conditions while managing quality and service at a high level. We strive to deliver value to our shareholders through the execution of our strategic initiatives focused on the concept of constant reinvention.

Cybersecurity Risk Board of Directors Oversight [Text Block] Governance The Company’s Board of Directors (the “Board”), as a whole, has oversight responsibility for our strategic and operational risks. The Board regularly reviews and discusses with management the strategies, processes and controls pertaining to the management of our information technology operations, including updates on the internal and external cybersecurity threat landscape, incident response, assessment and training activities, and relevant legislative, regulatory, and technical developments. Our Vice President of Information Technology presents, at least annually, to the Board, an overview of our cybersecurity threat risk management and strategy as well as provides reports regarding the evolving cybersecurity landscape, including emerging risk.

Cybersecurity Risk Board of Directors Oversight [Text Block] Governance The Company’s Board of Directors, as a whole, has oversight responsibility for our strategic and operational risks. The Board of Directors regularly review and discuss with management the strategies, processes and controls pertaining to the management of our information technology operations, including updates on the internal and external cybersecurity threat landscape, incident response, assessment and training activities, and relevant legislative, regulatory, and technical developments. Our Vice President of Information Technology presents, at least annually, to the Board of Directors, an overview of our cybersecurity threat risk management and strategy as well as provides reports regarding the evolving cybersecurity landscape, including emerging risk.

Non-residential lighting consists of American-made fixtures and services for both indoor and outdoor applications satisfying the specific performance requirements of our customers. Retail display solutions consist of multiple custom products and services which enhance our customer’s brand image and improve the customer shopping experience. We offer customers in target vertical markets a package solution set of both lighting and display solutions, providing value for the customer by working with one partner to manage their regional and national location programs, versus multiple suppliers.

Non-residential lighting consists of American-made fixtures and services for both indoor and outdoor applications satisfying the specific performance requirements of our customers. Retail display solutions consist of multiple custom products and services which enhance our customer’s brand image and improve the consumer shopping experience. We offer customers in target vertical markets a package solution set of both lighting and display solutions, providing value for the customer by working with one solutions partner to manage their regional and national location programs, versus multiple suppliers.

Our business is organized as follows: the Lighting Segment, which represented 43% of our fiscal 2025 net sales and the Display Solutions Segment, which represented 57% of our fiscal 2025 net sales. See Note 4 of Notes to Consolidated Financial Statements beginning on page 48 of this Form 10-K for additional information on business segments. Net sales by segment are as follows (in thousands): 2025 2024 Lighting Segment $ 248,357 $ 262,413 Display Solutions Segment 325,020 207,225 Total Net Sales $ 573,377 $ 469,638 Lighting Segment Our Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixture and controls solutions in several vertical markets such as but not limited to the following: refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse.

Our business is organized as follows: the Lighting Segment, which represented 38 % of our fiscal 2026 net sales and the Display Solutions Segment, which represented 62 % of our fiscal 2026 net sales. See Note 5 of Notes to Consolidated Financial Statements of this Form 10-K for additional information on business segments. Net sales by segment are as follows (in thousands): 2026 2025 2024 Lighting Segment $ 266,223 $ 248,357 $ 262,413 Display Solutions Segment 423,174 325,020 207,225 Total Net Sales $ 689,397 $ 573,377 $ 469,638 Lighting Segment Our Lighting Segment manufactures, markets, and sells outdoor and indoor lighting fixture and controls solutions in several vertical markets such as but not limited to the following: refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse.

The Audit Committee assists in determining materiality for timely reporting of cybersecurity incidents and is notified immediately if the incident response team has assessed that a material event may have occurred that may require filing an SEC Current Report on Form 8-K. The Chief Information Officer with the support from the Chief Executive Officer and Chief Financial Officer, assisted by our broader IT team, is responsible for setting the strategic direction and priorities for information security, coordination of enterprise-wide compliance with information security policies and procedures, as well as day-to-day information security management. Additionally, information security awareness trainings and testing are a compliance requirement for employees.

Our information technology (IT) leadership briefs the Audit Committee and the Board of Directors on a periodic basis on information security matters, including the current cybersecurity landscape, progress on information security initiatives and accomplishments, and reports on material cybersecurity incidents, as needed. Cybersecurity Risk Management Positions or Committees Responsible [Flag] true Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Chief Information Officer with the support from the Chief Executive Officer and Chief Financial Officer, assisted by our broader IT team, is responsible for setting the strategic direction and priorities for information security, coordination of enterprise-wide compliance with information security policies and procedures, as well as day-to-day information security management. Additionally, information security awareness trainings and testing are a compliance requirement for employees.