Modified · Overview

On February 20, 2026, the U.S. Supreme Court issued a ruling striking down tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”), including, among others, tariffs on imports of certain Canadian, Chinese, and Mexican goods, a universal baseline tariff on imports from most countries, and reciprocal tariffs on select countries. The global tariff landscape continues to shift rapidlyOn April 20, 2026, with changes impacting businesses the U.S. Customs and markets around the world. We continue Border Protection launched a system to monitor the situation, including any potential refunds of such tariffs, and evaluate process IEEPA tariff refund claims. The Company will recognize refunds in the impact on our results of operations. No potential refunds have been recorded in the Condensed Consolidated Financial Statements as we cannot reasonably estimate condensed consolidated financial statements as and when the amounts are probable and reasonably estimable. During the three months ended May 31, 2026, the financial impact. For additional information, refer to Part ICompany began receiving refunds for IEEPA tariffs previously paid, “Item 1A. Risk Factors” of our Annual Report which did not have a material impact on Form 10-K for the fiscal year ended August 31, 2025Company’s results of operations.