Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 10

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 10
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 serving
as an off-site, full-service human resource department for its employees. ADP personnel management services are delivered by entering
into a co-employment relationship with the Company’s employees. The employees and the Company are not party to any collective bargaining
agreement, and the Company believes that its employee relations are satisfactory.

The
hotel operations had 187 employees as of June 30, 2025. On February 3, 2017, Aimbridge assumed all labor union agreements as agent for
Hotel and Justice, and Justice provides all funding for all payroll and related costs. As of June 30, 2025, approximately 90% of those
employees were represented by one of three labor unions, and their terms of employment were determined under various collective bargaining
agreements (“CBAs”) to which Aimbridge was a party as agent for Hotel and Justice. CBA for Local 2 (Hotel and Restaurant
Employees) will expire on August 13, 2028, and is subject to future negotiations. CBA for Local 856 (International Brotherhood of Teamsters)
will expire on December 31, 2028. CBA for Local 39 (Stationary Engineers) will expire in July 2030.

Negotiation
of collective bargaining agreements, which includes not just terms and conditions of employment, but scope and coverage of employees,
is a regular and expected course of business operations for Hotel and Aimbridge. The Hotel expects and anticipates that the terms and
conditions of CBAs will have an impact on wage and benefit costs, operating expenses, and certain hotel operations during the life of
each CBA and incorporates these principles into its operating and budgetary practices. Changes in labor laws, union negotiations, or
work stoppages could materially impact hotel operations and cost structures, as discussed in Item 1A – Risk Factors.

ADDITIONAL
INFORMATION

The
Company files required annual and quarterly reports on Forms 10-K and 10-Q, current reports on Form 8-K and other information with the
Securities and Exchange Commission (“SEC” or the “Commission”). The SEC no longer operates a public reference
room. The Commission also maintains an Internet site at https://www.sec.gov, that contains reports, proxy and information statements,
and other information regarding issuers that file electronically with the Commission.

Other
information about the Company can be found on its website www.intgla.com. Reference in this document to that website address does
not constitute incorporation by reference of the