OSIS OSI Systems, Inc.

The current filing adds a dedicated Middle East conflict risk factor and new 2031 Convertible Notes, escalates cyber and U.S. budget risks, and removes the standalone Russia/Ukraine risk factor.

• highGeopolitical instability and conflicts in the Middle East could adversely affect our operations, supply chain, and financial performance. — A new standalone risk factor details shipping-lane disruptions, energy-market volatility, logistics-provider interruptions, and potential new sanctions arising from Middle East conflict escalation.
• medShares of our common stock issuable upon conversion of the 2.25% Convertible Senior Notes due 2029 (the “2029 Notes”) or the 0.50% Convertible Senior Notes due 2031 (the “2031 Notes”), collectively the “Notes”, may dilute the ownership interest of our stockholders or may adversely affect the market price of our common stock. — The current filing introduces the 2031 Notes alongside the existing 2029 Notes, expanding dilution and indebtedness risks to cover both instruments.

• highWe could suffer a loss of revenue and increased costs, exposure to significant liability, reputational harm, and other serious negative consequences if we sustain cyber-attacks or other data security breaches that disrupt our operations or result in the dissemination of proprietary or confidential information about us or our customers, suppliers, or other third parties; our products and services may be subject to potential cyber-attacks or other information technology vulnerabilities. — The current filing adds that cyber threat activity is expected to accelerate as adversaries increasingly leverage AI to enhance attack sophistication and scale, materially raising the perceived severity of the cyber risk.
• medU.S. budgeting process disruptions could reduce government spending, which could adversely impact our revenues, earnings, cash flows and financial condition. — The current filing adds explicit language that budget delays have resulted in temporary Government shutdowns causing delays in procurements and contract awards, escalating the risk beyond the prior filing's general disruption language.
• medEconomic, political, legal, operational and other risks associated with international sales and operations could adversely affect our financial performance. — The tariff discussion within this risk factor now explicitly lists reciprocal tariffs, counter sanctions, and safeguards, and adds pursuit of tariff refunds as a mitigation measure, broadening the scope of trade-action risks.

Current 10-K · Prior 10-K