EACO CORP
For the period ended May 31, 2024. Filed Jul 15, 2024.
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May 31, 2024 · Filed Jul 15, 2024
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Item 5. OTHER INFORMATION
From time to time, we may be subject to legal proceedings and claims which arise in the normal course of our business. Any such matters and disputes could be costly and time consuming, subject us to damages or equitable remedies, and divert our management and key personnel from our business operations. We currently are not a party to any legal proceedings, the adverse outcome of which, in management’s opinion, individually or in the aggregate, would have a material adverse effect on our consolidated results of operations, financial position or cash flows. Please see Note 9 of the Notes to Consolidated Financial Statements of this Report for disclosure regarding a lawsuit to which we have reached an agreement in principle to settle and are currently in the process of negotiating the settlement agreement for the same.
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