Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 179

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1A
Chunk 179
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Voting Agreement”), the Gerber Trust and Schoenberger Trust will continue to vote all
shares of our voting stock owned by them to elect each of Messrs. Gerber and Schoenberger to the Board along with other designees
mutually agreed upon. By virtue of the Voting Agreement, Messrs. Gerber and Schoenberger are entitled to an aggregate of 23,388,766
votes  or 54.3% of all votes for the election of directors submitted to our stockholders for their
approval.

In
addition, pursuant to the Company’s Bylaws, Directors have voting power equivalent to their percentage of total share
ownership, multiplied by the number of directors then on the Board of Directors, rounded to the nearest whole number, with no
director holding less than one vote. As a result of Messrs. Gerber and Schoenberger’s ownership of Company shares, Messrs.
Gerber and Schoenberger have a relatively higher number of votes relative to other directors, in proportion to their
ownership interests in the Company.

General
Business Risks

Our
business and financial performance may be adversely affected by information systems interruptions, cybersecurity attacks or other disruptions
which could have a material adverse effect on our business and results from operations. 

We
depend upon information technology, infrastructure, including network, hardware and software systems to conduct our businesses. Despite
our implementation of security measures, there are numerous and evolving risks to cybersecurity and privacy, including risks originating
from intentional acts of criminal hackers, nation states and competitors, intentional and unintentional acts or omissions of customers,
vendors, contractors, employees and other third parties that may result in damage, breakdown, or interruption from computer viruses,
ransomware, malware, phishing, social engineering, fraudulent inducement, electronic fraud, wire fraud, human error or malfeasance, unauthorized
access, natural disasters, and telecommunications and electrical failures. Each of our businesses directly or indirectly store, collect
and transmit sensitive data, including intellectual property, confidential information, proprietary business information, customer or
personal data. The secure processing of such data, maintenance, and transmission of such data is important to our operations. We face
increased cybersecurity risks due to our reliance on internet technology. We may not be able to anticipate all types of security threats
or be able to implement security measures effective against all such threats or implement preventive measures effective against all such
threats. The techniques used by cybercriminals change frequently and may not be recognized until