Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 75

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1A
Chunk 75
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 the regular reporting schedule. While the Audit Committee meets periodically,
the Audit Committee is authorized to meet with management or individual directors at any time it deems appropriate to discuss matters
relevant to the committee. Our policy is for the Board and the Audit Committee to receive prompt and timely information regarding any
cybersecurity risk (including any incident) that meets reporting thresholds, as well as ongoing updates regarding any such risk.

Item 2. Properties

We own the following properties
as of November 1, 2024:

    Property Location 
    Building  Square  Footage   
    Acreage 
  
    Anaheim, California * 
     100,000  
     5.0 
  
    Dallas, Texas * 
     94,000  
     4.0 
  
    Dallas, Texas * 
     30,000  
     2.0 
  
    Dallas, Texas * 
     16,000  
     1.0 
  
    Dallas, Texas * 
     3,200  
     1.5 
  
    Statesville, North Carolina * 
     42,000  
     8.0 
  
    Chicago, Illinois ** 
     177,000  
     8.0 

    *
    - property used by Frozen Food Products Segment.

    **
    - property used by Snack Food Products Segment.

We utilize each of the foregoing
properties for processing, warehousing, distributing and administrative purposes. We also lease warehouse and/or office facilities throughout
the United States through month-to-month rental agreements. We believe that our properties are generally adequate to satisfy our foreseeable
needs. Additional properties may be acquired and/or plants expanded if favorable opportunities and conditions arise.

Item 3. Legal Proceedings

No material legal proceedings
were pending against us as of November 1, 2024, or as of the date of filing of this Report. We are likely to be subject to claims arising
from time to time in the ordinary course of our business. In certain of such actions, plaintiffs may request punitive or other damages
that may not be covered by insurance and, accordingly, no assurance can be given with respect to the ultimate outcome of any such possible
future claims or litigation or their effect on us. Any adverse litigation trends and outcomes could significantly and negatively affect
our financial results.

Item 4. Mine Safety Disclosures

Not applicable.

 10 

PART II

Item 5. Market for