Company: ELSE
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000897101-25-000160
Chunk: 63

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 9
Chunk 63
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 environment, risk assessment, control activities, information and communication, and monitoring. The Company’s assessment included extensive documenting, evaluating and testing the design and operating effectiveness of its internal control over financial reporting. Based on this evaluation, the person serving as the Company’s principal executive officer and principal financial officer has concluded that the Company’s internal controls were effective as of December 31, 2024.
 
Changes in Internal Control over Financial Reporting
 
There have been no changes in the Company’s internal control over financial reporting that occurred during the fourth quarter of fiscal year 2024 that were identified in connection with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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Item 9B.                Other Information.
 
None

Item 9C.                Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.
 
None

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PART III
 
Certain information required by Part III is incorporated by reference to the Company’s Definitive Proxy Statement pursuant to Regulation 14A (the “2025 Proxy Statement”) for its Annual Meeting of Shareholders to be held April 23, 2025 (“Annual Meeting”).
 
Item 10.                 Directors, Executive Officers and Corporate Governance.
 
The information required by Item 401 under Regulation S-K, to the extent applicable to the Company’s directors, will be set forth under the caption “Election of Directors” in the 2025 Proxy Statement and is incorporated herein by reference. The information required with respect to the Company's sole executive officer, who is also a director, will be set forth under the caption “Election of Directors.”
 
The information required by Item 405 regarding compliance with Section 16(a), if any, will be set forth under the caption “Delinquent Section 16(a) Reports” in the 2025 Proxy Statement and is incorporated herein by reference.  If there were no delinquent Section 16(a) reports during 2024, this section will be omitted from the 2025 Proxy Statement.
 
Code of Ethics and Business Conduct
 
The Company has adopted the Electro-Sensors Code of Ethics and Business Conduct (the “Code of Conduct”) applicable to all officers and employees of the Company. A copy of the Code of Conduct can be obtained