Company: ELSE
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0000897101-25-000160
Chunk: 28

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 28
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, any future potential risks from cybersecurity threats, including but not limited to exploitation of vulnerabilities, ransomware, denial of service, supply chain attacks, or other similar threats may materially affect us, including our execution of business strategy, reputation, results of operations and/or financial condition.   

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Item 2.                    Properties.
 
We own and occupy a 25,400 square foot facility at 6111 Blue Circle Drive, Minnetonka, Minnesota 55343-9108. All our operations are conducted within this facility. The facility is in excellent condition and we continue to maintain and update the facility as necessary. We believe the facility will be adequate for our needs in 2025.
 
Item 3.                     Legal Proceedings.
 
We are not the subject of any material legal proceedings as of the date of this filing and we are not aware of any material threatened litigation. 
 
Item 4.                    Mine Safety Disclosures.
 
Not applicable.  

PART II

 Item 5.                   Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 

Our common stock trades on the Nasdaq Capital Market of The Nasdaq Stock Market® under the symbol “ELSE.” 

Based on data provided by our transfer agent, as of February 27, 2025, we had 55 shareholders of record who held 834,132 shares of the Company’s common stock.

At the time of this report, the Company does not intend to pay dividends in the foreseeable future.

From time to time, we may be required to repurchase our common stock as a result of Employee Stock Ownership Plan ("ESOP") obligations described in Note 9 to our 2024 financial statements. We did not repurchase any common stock during the years ended December 31, 2024 and 2023.

The information required by Item 201(d) of SEC Regulation S-K is set forth in Item 12 of this Form 10-K.

 Item 6.                    [Reserved]. 

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 Item 7.                   Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

The following discussion should be read in conjunction with our financial statements and related notes. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated due to various factors discussed under “Forward-Look