威世科技 2024年度报告

(Exact name of registrant as specified in its charter) Delaware38-1686453(State or other jurisdiction ofincorporation or organization)(IRS employer identification no.)63 Lancaster Avenue Malvern, Pennsylvania 19355-2143(Address of principal executive offices)(610) 644-1300(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 the Securities Act.Yes☐NoIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YesNo☐Note– Checking the box above will not relieve any registrant required to file reports under Section 13 or 15(d) of the Exchange Act from their obligations under those Sections.Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☐NoIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files).Yes☐NoIndicate 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 definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.Large accelerated filer☐Accelerated filer Non-accelerated filerSmaller reporting company☐Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant 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’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b))by the registered public accounting firm that prepared or issued its audit report.If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☐ The aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the commonequity was last sold as of the last business day of the registrant’s most recently completed second fiscal quarter ($22.30 on June29, 2024), assuming conversion of all of its Class B common stock held by non-affiliates into common stock of the registrant,was $2,805,000,000. There is no non-voting stock outstanding.As of February 12, 2025, registrant had 123,469,861 shares of its common stock (excluding treasury stock) and 12,097,148 shares of its Class B common stock outstanding.DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement, which will be filed within 120 days of December 31, 2024,are incorporated by reference into Part III.This page intentionally left blank. Item 1. Business4Item 1A. Risk Factors16Item 1B. Unresolved Staff Comments26Item 1C. Cybersecurity26Item 2. Properties27Item 3. Legal Proceedings29Item 4. Mine Safety Disclosures29Information About Our Executive Officers30PART IIItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters, andIssuer Purchases of Equity Securities31Item 6. [Reserved]32Item 7. Management’s Discussion and Analysis of Financial Condition and Results ofOperations33Item 7A. Quantitative and Qualitative Disclosures About Market Risk60Item 8. Financial Statements and Supplementary Data62Item 9. Changes In and Disagreements With Accountants on Accounting andFinancial Disclosure62Item 9A. Controls and Procedures62Item 9B. Other Information64Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections64PART IIIItem 10. Directors, Executive Officers, and Corporate Governance64Item 11. Executive Compensation64Item 12. Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder