Company: FWRG
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001789940-25-000010
Chunk: 26

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 26
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 Related to Information Technology and Intellectual Property

•our failure to adequately protect our network security

•compliance with federal and state laws and regulations relating to privacy, data protection, advertising and consumer protection

•potential state property law liability with our gift cards 

•our failure to enforce and maintain our trademarks and other intellectual property

•adverse litigation outcomes with respect to our intellectual property rights

Risks Related to Employees and the Workforce

•our inability to identify qualified individuals for our workforce

•our failure to maintain our corporate culture

•potential unionization activities

•risks associated with our sustainability activities, including ESG matters

Legal and Regulatory Risks

•compliance with federal and local environmental, labor, employment, food safety, franchise, zoning and other applicable laws and regulations

•the distraction and expense of litigation

•increased labor and healthcare costs due to changes in laws and regulations

•risks associated with leasing properties subject to long-term and non-cancelable leases

•compliance with the laws and regulations applicable to public companies

•volatility in our results of operations caused by fluctuations in our tax obligations and effective tax rate and realization of our deferred tax assets

•risks related to our sale of alcoholic beverages

Risks Related to Accounting and Financial Reporting Matters 

•impairment in the carrying value of our goodwill or indefinite-lived intangible assets

•risks associated with changes to accounting estimates

•our inability to effectively manage our internal control over financial reporting

Risks Related to Our Indebtedness

•our level of indebtedness and our duty to comply with covenants under our Credit Agreement

Risks Related to Our Company and Organizational Structure

•the interests of Advent may differ from those of our public stockholders

•our reliance on our operating subsidiaries 

•risks associated with our status as an emerging growth company

•risks associated with the anti-takeover provisions of Delaware law, our amended and restated certificate of incorporation and bylaws

•risks associated with exclusive forum jurisdiction in the Court of Chancery in the State of Delaware 

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Risks Related to Ownership of Our Common Stock

•the market price of our common stock could be reduced by future offerings of debt or equity securities

•risks associated with our status as a controlled company with highly concentrated ownership of common stock

•our expectation not to pay any dividends on our common stock in the foreseeable future

•possible significant fluctuations in our quarterly results of operations that could fall