Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 186

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1C
Chunk 186
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and other third parties have experienced a significant increase in information security and cybersecurity risk in recent years and will
likely continue to be the potential target of cyber attacks. We continue to assess the risks and changes in the cyber environment and
invest in enhancements to our cybersecurity capabilities as deemed necessary to promote advancements in our cybersecurity capabilities.

 9 

Cybersecurity Governance

Our cybersecurity risk management
program is overseen by the Audit Committee and led by the IT Steering Committee. Our Audit Committee is responsible in overseeing risks
from cybersecurity threats, and has the authority to regularly review the adequacy of our cybersecurity, information and technology security,
and data privacy programs, procedures, and policies. Our IT Steering Committee, led by the Vice President of Information Technology,
is primarily responsible for monitoring, assessing, and managing material risks from cybersecurity threats.

The Audit Committee regularly
receives updates from the IT Steering Committee / management with respect to our efforts to manage data protection, cybersecurity, and
information and technology risks, and assesses the results of reviews from internal audits. Materials presented to our Audit Committee
by our IT Steering Committee include updates on our data security posture, results from internal audit and third-party assessments, our
incident response plan, and certain cybersecurity threat risks or incidents and developments, as well as the steps management has taken
to respond to such risks. The Audit Committee / IT Steering Committee also regularly engages with management on technology risk-related
topics.

Our processes also allow for our Board and the
Audit Committee to be informed of key cybersecurity risks outside the regular reporting schedule. While the Audit Committee meets periodically,
the Audit Committee is authorized to meet with management or individual directors at any time it deems appropriate to discuss matters
relevant to the committee. Our policy is for the Board and the Audit Committee to receive prompt and timely information regarding any
cybersecurity risk (including any incident) that meets reporting thresholds, as well as ongoing updates regarding any such risk.

Item 2. Properties

We own the following properties
as of November 1, 2024:

    Property Location 
    Building  Square  Footage   
    Acreage 
  
    Anaheim, California * 
     100,000  
     5.0 
  
    Dallas, Texas * 
     94,000  
     4.0 
  
    Dallas, Texas * 
     30,000  
     2.0 
  
    Dallas, Texas * 
     16,000  
     1.0