Company: IPAR
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001753926-25-000424
Chunk: 1

Company: INTERPARFUMS INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1B
Chunk 1
---
Interparfums, Inc. is the subject of an informal investigation from the staff of the Enforcement Division of the United States Securities and Exchange Commission (the “SEC”), and we have responded to the SEC staff denying any wrongdoing. The issue is related to the alleged failure to disclose in our August 2023 proxy statement certain issues that our prior auditor, Mazars USA LLP, had in 2018 and 2020, which were rectified in 2023. As this did not affect in any way our financial statements, we deemed these issues not to be material, and have substantiated our position to the SEC staff. At the present time we have not yet heard back from the SEC staff.

Item 1C. Cybersecurity 

Cybersecurity for our Company is conducted by our United States based operations and European based operations. For our United States based operations, our Information Technology department (“ITUS”) in New York, New York is in charge of our cybersecurity for offices in the United States, Italy, and other remote locations. For our European based operations, our Information Technology department (“ITEU”) in Paris, France, is in charge of our cybersecurity for offices in France, and other remote locations. Each of ITUS and ITEU report to their respective segment Chief Executive Officers, Messrs. Madar for ITUS and Benacin for ITEU, who are also directors of our Company. Any material issues of cybersecurity would then be reported to our Board of Directors. As of the date of this report, we have not had any material cybersecurity incidents.

Both departments have established strict security rules for infrastructure, application and limitations on access rights. New employees are instructed on aspects of cybersecurity, and reminders for safe internet access are periodically sent. Access to our networks for former employees and contractors is immediately revoked upon severance of association, and any hardware such as laptops, company phones, access keys are returned. Each department has also installed equipment and tools to protect and update against the risks of intrusions, cyberattacks, and system obsolescence. Various applications and methods to manage our cybersecurity include, but not limited to, use of EDI (electronic digital interface) for receiving orders, fire walls, virtual private network, antivirus software, encryption, and requiring two factor authentication for remote access after business hours. Redundancy is important as data is routinely backed up daily.       
 
In addition, Interparfums SA has adopted an IT Charter that defines the rights and obligations of employees and users of their information system,