Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 48

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 48
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 risk of our customers and to credit exposures in weakened markets.

•We are subject to risks from rising labor costs and labor shortages, employee strikes, and other labor-related disruptions.

•We may be unable to hire and retain sufficient qualified personnel at all levels of our organization, and we are subject to risks from the loss of any of our key executive officers, or the inability to maintain a sufficient workforce to satisfy production demands.

•Initiatives aimed at addressing potential climate change risks could materially adversely affect our business.

•Infringement of our intellectual property rights could negatively affect us, and we may be exposed to intellectual property infringement claims from third parties.

•Foreign laws may not afford us sufficient protections for our intellectual property.

•We have substantial outstanding indebtedness, which could adversely impact our liquidity, our flexibility in obtaining additional financing, and our ability to fulfill our debt obligations.

•We are subject to interest rate risk, which could cause our debt service obligations to increase significantly.

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•Servicing our debt requires a significant amount of cash, and we may be forced to take other actions to satisfy our obligations under our debt.

•We are subject to the requirements of the National Industrial Security Program Operating Manual (NISPOM) for our facility security clearance, which is a prerequisite to our ability to perform on classified contracts for the U.S. government.

•Our operations in Asia subject us to risks and uncertainties relating to the local laws and regulations and adverse effects of political tensions that arise from time to time with China.

•Our failure to comply with the requirements of environmental laws could result in litigation, fines, revocation of necessary permits, or debarment from our participation in federal government contracts.

•Our international sales are subject to laws and regulations relating to corrupt practices, trade and export controls, and economic sanctions. Any non-compliance could have a material adverse effect on our business.

•Outages, computer viruses, cyber-attacks and cybersecurity incidents, and similar events could materially disrupt our operations.

•Privacy, information security, and data protection laws, rules, and regulations could affect or limit how we collect and use personal information, increase our costs, and adversely affect our business opportunities.

•Issues arising during the upgrade of our enterprise resource planning (ERP) system could affect our operating results and ability to manage our business effectively.

•Our ability to use net operating loss carryforwards to offset future taxable income for U.S. federal, state, and foreign income tax purposes is subject to limitations, and future transfers of shares of our common stock could