Fri, Sep 27, 8:16 PM (93 days ago)
System1, Inc. has filed Amendment No. 1 to its Form 10-K for the fiscal year ending December 31, 2023, primarily to address omissions in the Executive Compensation section. The amendment clarifies that a recovery analysis of incentive-based compensation for executives revealed no necessary adjustments, as the error corrections did not affect compensation metrics. The filing reiterates that no consolidated financial statements are included in this amendment, as they were part of the original report. Additionally, new certifications from the principal executive and financial officers have been included, complying with the Sarbanes-Oxley Act. Overall, this amendment does not alter the financial performance, revenue, net income, or other key metrics reported in the original 10-K filing, nor does it reflect any changes in financial condition or market position. The future outlook remains unchanged, with no new risk factors introduced. This amendment serves to enhance transparency regarding executive compensation without modifying previously reported financial data.