Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 214

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 214
---
; 124 •tuition assistance program via FSA savings plan; and •paid time off. Employee safety is one of our top priorities. We develop and administer company -widepolicies designed to ensure the safety of each team member and compliance with OSHA standards. Throughout the COVID -19pandemic, we were deemed an essential employer and continued to operate with COVID -19prevention protocols in place to minimize the risk of the spread of COVID -19in our workplaces. Many of our administrative staff were required to work from home. We strive for workforce retention with semi -annualretention bonuses for hourly employees and critical new hires. New and open positions are posted for viewing by our current workforce, and internal promotions are encouraged. We strive to maintain an inclusive environment free from discrimination of any kind, including sexual or other discriminatory harassment. We require and provide training for our employees covering harassment, discrimination and unconscious bias. This training is tracked and recorded by us and is mandatory for all new hires. Our employees have multiple avenues available through which inappropriate behavior can be reported, including a confidential hotline. Our policies require all reports of inappropriate behavior to be promptly investigated with appropriate action taken. On October23, 2025, we announced that we would close our five owned and operated tasting rooms in Washington and Oregon effective December31, 2025, along with the transition of production to third parties contract producers beginning in the first quarter of 2026. These actions are expected to result in a significant reduction in our employee headcount. Seasonality We experience some seasonality in our spirits business whereby the peak summer months and the winter holidays show a higher level of sales and consumption. However, the structure of our business and range of products in our portfolio are designed to mitigate major fluctuations. Based on historical activities, more than one -thirdof our annual revenue is earned in the fourth quarter of each year, and absent a major disruption or change in operations, management does not anticipate that to change in the foreseeable future. Properties We maintain our principal corporate offices, distribution warehouse, and barrel -agingrickhouse in Gig Harbor, Washington. We have production distilleries in both Tumwater, Washington and Eugene, Oregon. We also maintain retail tasting rooms in Gig Harbor, Roslyn, and Tumwater, Washington and two tasting rooms in Eugene, Oregon. All of our facilities are leased, and we believe our facilities are adequate for our current needs and that suitable additional space will be available on commercially -acceptableterms as required. On October23, 202