TAYLOR DEVICES INC
For the period ended Feb 29, 2024. Filed Mar 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 29, 2024 · Filed Mar 28, 2024
TAYD$59.38+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1A. Risk Factors
| Management Response. Management of the Company vigorously disputes the allegations in the Third-Party Complaint. Based upon the information currently available, there is a credible argument that: (a) the Company met the contractual requirements of the 2013 Purchase Order for Viscous Damping Devices (VDDs) that were incorporated into the Tuned Mass Damper (TMD) system; and (b) the VDDs that were delivered were successfully tested to the applicable specification and met the technical requirements of that specification. The Owner has not itemized the damages it seeks to recover from the Sponsor, but the Amended Complaint contains an ad damnum clause demanding $125 million plus punitive damages. The Sponsor has not itemized the damages it seeks to recover from LendLease or the other third-party defendants, but the claim for relief in the Third-Party Complaint includes a demand for full indemnification of any amounts the Sponsor is required to pay plaintiff. In turn, LendLease does not itemize the damages it seeks to recover from the several Third-Party defendants (including the Company), but its demand for relief in the Third-Party Complaint includes a demand for full indemnification of any amounts LendLease is required to pay to the Sponsor. The Company anticipates that the pending actions would provide opportunities for the Sponsor, LendLease and the Company to allocate some or all of any liability to one or more co-defendants or third parties. In view of the limited discovery to date, it is not practical to quantify likely damages to the Company in the event of an unfavorable outcome on liability. | ||||||
|---|---|---|---|---|---|---|
| ITEM 1A | Risk Factors | |||||
| Smaller reporting companies are not required to provide the information called for by this item. | ||||||
| ITEM 2 | Unregistered Sales of Equity Securities and Use of Proceeds | |||||
| (a) · The Company sold no equity securities during the fiscal quarter ended February 29, 2024 that were not registered under the Securities Act. | ||||||
| (b) · Use of proceeds following effectiveness of initial registration statement: | ||||||
| Not Applicable | ||||||
| (c) · Repurchases of Equity Securities – Quarter Ended February 29, 2024 | ||||||
| Period · (a) Total Number of Shares Purchased · (b) Average Price Paid Per Share · (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · (d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs | ||||||
| December 1, 2023 - | ||||||
| December 31, 2023 · - · - · - · - | ||||||
| January 1, 2024 - | ||||||
| January 31, 2024 | 459,015 | $19.92 | - | - | ||
| February 1, 2024 - | ||||||
| February 29, 2024 · - · - · - · - | ||||||
| Total · - · - · - · - | ||||||
| ITEM 3 | Defaults Upon Senior Securities | |||||
| None | ||||||
| ITEM 4 | Mine Safety Disclosures | |||||
| Not applicable | ||||||
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