Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 36

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 36
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 these persons would likely result in a significant loss in the
knowledge and experience that we possess and could significantly delay or prevent successful product development and other business objectives.
Our ability to achieve our strategic growth plans depends in part on our ability to recruit and maintain talented sales and operations
team members. New hires are often subject to a time intensive educational onboarding period before they can successfully identify potential
customer leads and close sales. This can lead to delays before we can ramp up our commercial initiatives and achieve sales targets. It
can also divert attention from our existing sales leadership and personnel who are needed to train these new hires. Additionally, we experienced
certain challenges in hiring and/or maintaining employees that we believe are related to current and previous trends in the workforce.
We believe that these events have created a climate of volatility in employment relations throughout the economy and in our company, which
has affected or may affect our ability to recruit, train and retain employees, including skilled sales professionals. The employee turnover
we historically experienced, including in our salesforce, has limited our ability to ramp up our sales and marketing force as quickly
as would have otherwise been possible. There is intense competition between numerous medical device, pharmaceutical, and biotechnology
companies, universities, governmental entities, and other research institutions, all of whom are seeking to employ qualified individuals
in the technical fields in which we operate, and we may not be able to attract and retain the qualified personnel necessary for the successful
development and commercialization of Deep TMS.

Employment
litigation and unfavorable publicity could negatively affect our future business.

Employees may, from time to time, bring lawsuits
against us regarding injury, creating a hostile workplace, discrimination, payment of wage and overtime, sexual harassment, and other
employment issues. In recent years there has been an increase in the number of discrimination and harassment claims generally. Coupled
with the expansion of social media platforms and similar devices that allow individuals access to a broad audience, these claims have
had a significant negative impact on some businesses. Companies that have faced employment or harassment related lawsuits have had to
terminate management or other key personnel, and have suffered reputational harm that has negatively impacted their sales. If we were
to face any employment related claims, our business could be negatively affected.

Under applicable
employment laws, we may not be able to enforce covenants not to compete.

Our employment agreements generally include covenants
not to compete. These agreements prohibit our employees, if they cease working for us, from competing directly with