Douglas Dynamics Inc 2024年度报告

Registrant’s telephone number, including area code(414)354‑2310 Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section12(g) of the Act:NONE Indicate by check mark if the registrant is a well‑known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐No☒. Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☒. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.Yes☒No☐. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS‑T (232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non‑accelerated filer, smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule12b‑2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non‑accelerated filer☐Smaller 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 complyingwith 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 itsinternal 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 thatprepared 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 registrantincluded 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-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b‑2 of the Exchange Act).Yes☐No☒. At June 28, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of thevoting stock of the Registrant held by stockholders who were not affiliates of the Registrant was approximately $540million (based upon the closingprice of Registrant’s Common Stock on the New York Stock Exchange on such date). At February 25, 2025, the Registrant had outstanding an aggregateof23,094,047shares of its Common Stock. Documents Incorporated by Reference: Portions of the Proxy Statement for the Registrant’s Annual Meeting of Shareholders to be held on April 29, 2025, which Proxy Statement willbe filed with the Securities and Exchange Commission no later than 120days after the close of the fiscal year ended December 31, 2024, are incorporatedinto Part III. Table of Contents PART IItem1.BusinessItem1A.Risk FactorsItem1B.Unresolved Staff CommentsItem 1C.CybersecurityItem2.PropertiesItem3.Legal ProceedingsItem4.Mine Safety DisclosuresPART IIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesItem6.[Reserved]Item7.Management Discussion and Analysis of Financial Condition and Results of OperationsItem7A.Quantitative and Qualitative Disclosures About Market RiskItem8.Financial Statements and Supplementary DataItem9.Changes In and Disagreements with Accountants on Accounting and Financial DisclosuresItem9A.Controls and ProceduresItem9B.Other InformationItem 9C.Disclosure Regarding Foreign Jurisdictions that Prevent InspectionsPART IIIItem10.Directors, Executive Officers and Corporate GovernanceItem11.Executive CompensationItem12.Security Ownership of Certain Beneficial Owners and Management and Related Shareholder MattersItem13.Certain Relationships and Related Transactions, and Director IndependenceItem14.Principal Accounting Fees and ServicesPART IVItem15.Exhibits and Financial Statement SchedulesItem 16Form 10-K Summary Exhibit IndexSignaturesIndex to Consolidated Financial Statements PARTI Forward Looking Statements This Annual Report on Form10‑K contains “forward‑looking statements” made within the meaning of the Private SecuritiesLitigation Reform Act of 1995. Words