Company: TR
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001558370-25-001926
Chunk: 3

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-02-28
Form: 10-K
Item: Item 12
Chunk 3
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ITEM 12.             Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

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For information with respect to the beneficial ownership of the Company’s common stock and Class B common stock by the beneficial owners of more than 5% of said shares and by the management of the Company, see the sections entitled “Ownership of Common Stock and Class B Common Stock by Certain Beneficial Owners” and “Ownership of Common Stock and Class B Common Stock by Management” of the Proxy Statement. These sections of the Proxy Statement are incorporated herein by reference. The Company does not have any compensation plans under which equity securities of the Company are authorized for issuance.

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ITEM 13.             Certain Relationships and Related Transactions, and Director Independence.

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See the section entitled “Related Person Transactions” of the Proxy Statement, which is incorporated herein by reference.

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The Company’s board of directors has determined that its non-management directors, Mr. Chodos and Ms. Wardynski and Ms. Lewis-Brent, are independent under the New York Stock Exchange listing standards because they have no direct or indirect relationship with the Company other than through their service on the Board of Directors.

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ITEM 14.             Principal Accountant Fees and Services.

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See the section entitled “Independent Auditor Fees and Services” of the Proxy Statement, which is incorporated herein by reference.

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ITEM 15.             Exhibits, Financial Statement Schedules.

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​                             (a) Financial Statements.​​​                             (1) The following financial statements are included in Item 8:​​​                                        Report of Independent Registered Public Accounting Firm​​​                                        Consolidated Statements of Earnings and Retained Earnings for each of the three years ended December 31, 2024, 2023 and 2022​​​                                        Consolidated Statements of Comprehensive Earnings for each of the three years ended December 31, 2024, 2023 and 2022​​​                                        Consolidated Statements of Financial Position at December 31, 2024 and 2023​​​                                        Consolidated Statements of Cash Flows for each of the three years ended in the period December 31, 2024, 2023 and 2022​​​                                        Notes to Consolidated Financial Statements​​​​​​