SIFCO Industries, Inc.

SIFCO Industries is a world-wide provider of highly engineered forged components to the Aerospace, Energy and Defense markets. We supply flight-critical forged components and machined assemblies to all of the leading aircraft and engine manufacturers in the world. These components can be found on virtually all of the commercial and military fixed-wing aircraft as well as helicopters and business jets. Our products are also supplied to the leading steam and gas turbine manufacturers and oil producers serving the energy sector.

SIFCO Industries, Inc. filed an 8-K on August 28, 2023, disclosing a cyber incident that delayed the filing of its Form 10-Q for the period ended June 30, 2023. The company received a notice from NYSE American regarding non-compliance with listing standards due to the delay. The filing states that data recovery and restoration were completed and the 10-Q was subsequently filed.

SIFCO Industries, Inc. filed a supplemental 8-K on April 12, 2023, updating on a cyber incident that occurred on December 30, 2022. The incident caused information access limitations, delaying the filing of its Form 10-Q for the quarter ended December 31, 2022. The company has lifted these limitations and is completing the filing. The filing also discloses a lender notice of default from J.P. Morgan Chase Bank, N.A. regarding credit agreements.

SIFCO Industries, Inc. filed an 8-K on Feb 10, 2023, reporting a Notice of Event of Default received on Feb 6, 2023 from J.P. Morgan Chase due to failure to deliver Borrowing Base Certificates. The failure was primarily attributed to information access limitations caused by a cyber incident that occurred on Dec 30, 2022. The company is investigating the incident and implementing remedial measures.

SIFCO Industries, Inc. disclosed that on December 30, 2022 it identified that it had become subject to a cyber incident. The company activated containment measures, notified appropriate law enforcement authorities, and engaged legal counsel, a cybersecurity forensic firm and other incident response professionals. The investigation is ongoing, and the company cannot determine at this time whether the event will have a material impact on its business, operations, or financial results.