Embecta Corp 2023年度报告

SECURITIES AND EXCHANGE COMMISSION FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended September 30, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _ to _ (Exact name of registrant as specified in its charter) (State or other jurisdiction ofincorporation or organization) (862) 401-0000 Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act.YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section15(d) of the Act.YesNo Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports); and (2) has been subject to such filing requirementsfor the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company"in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.YesNo If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesNo The aggregate market value of the voting common equity held by non-affiliates of the registrant,computed by reference to the closing price at which the common stock was sold as of the end of thesecond fiscal quarter ended March 31, 2024, was approximately $763 million. The registrant had outstanding 58,130,561 shares of common stock as of November 29, 2024. DOCUMENTS INCORPORATED BY REFERENCE The information required by Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K isincorporated by reference to the Registrant’s definitive proxy statement for its 2025 Annual Meeting ofStockholders (the “2025 Proxy Statement”), which will be filed pursuant to Regulation 14A with the UnitedStates Securities and Exchange Commission (“SEC”) within 120 days after the end of the fiscal year towhich this report relates. Embecta Corp.2024 Form 10-K Annual ReportTable of Contents Part I. Item 1.Business.1Item 1A.Risk Factors.5Item 1B.Unresolved Staff Comments.30Item 1C.Cybersecurity30Item 2.Properties.31Item 3.Legal Proceedings.31Item 4.Mine Safety Disclosures.31 Part II. Item 5.Market for Registrant's Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities.32Item 6.[ Reserved ].33Item 7.Management’s Discussion and Analysis of Financial Condition and Resultsof Operations.33Item 7A.Quantitative and Qualitative Disclosures About Market Risk.44Item 8.Financial Statements and Supplementary Data45Item 9.Changes in and Disagreements With Accountants on Accounting andFinancial Disclosures.82Item 9A.Controls and Procedures.82Item 9B.Other Information.Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. Part III. Item 10.Directors, Executive Officers and Corporate Governance.85Item 11.Executive Compensation.85Item 12.Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder Matters.85 Item 13