Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 202

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1C
Chunk 202
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. Our internal control over financial reporting is
designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles.

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Management conducted an evaluation
of the effectiveness of the internal controls over financial reporting based on the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) Internal Control-Integrated Framework (2013) and related illustrative documents as an update to Internal Control-Integrated
Framework (1992). Management determined that the 17 principles were present and functioning during its assessment of the effectiveness
of our internal controls. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation
and presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness
of our internal control over financial reporting for our fiscal year ended November 1, 2024. Based on management’s assessment and
the above-referenced criteria, management believes that the internal control over financial reporting was effective as of November 1,
2024.

Changes in Internal
Control over Financial Reporting

No change in our internal
control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the last quarter
of fiscal year ended November 1, 2024 that has materially affected or is reasonably likely to materially affect, our internal control
over financial reporting.

Item 9B. Other Information

Not applicable.

Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections

Not applicable.

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PART III

Item 10. Directors, Executive Officers,
and Corporate Governance

Insider Trading Policies and Procedures

The Company has an insider
trading policy and procedures governing the purchase, sale and/or other dispositions of the Company’s securities that applies to
all directors, officers, employees and certain other persons. It is also the Company’s policy to take appropriate steps to comply with
applicable federal and state securities laws and regulations, as well as applicable stock exchange listing standards, when the Company
engages in transactions in the Company’s securities. The Company believes that its insider trading