ITEM 1.05 MATERIAL CYBERSECURITY INCIDENTS
On May 6, 2024, Key Tronic Corporation (the “Company”) detected unauthorized third party access to portions of its information technology (“IT”) systems.¹ Upon detection of this outside threat, the Company activated its cyber incident procedure to investigate, contain, and remediate the incident, including beginning an investigation with external cybersecurity experts and notifying law enforcement.² The incident has caused disruptions, and limitation of access, to portions of the Company’s business applications supporting aspects of the Company’s operations and corporate functions, including financial and operating reporting systems.³ As the investigation of the incident is ongoing, the full scope, nature and impact of the incident are not yet known, but based on the information reviewed to date, the Company believes the unauthorized activity has been contained and is working diligently to bring the impacted portions of its IT system back online.⁴
As of the date of this filing, the Company does not believe the incident is reasonably likely to have a material impact on the Company, including its financial condition or results of operations.⁵,⁶
Forward-Looking Statements. This Current Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements address the Company’s expectations or beliefs regarding future events, actions or performance, including the investigation, containment and remediation of the cybersecurity incident, the restoration of the Company’s IT system and the impact on the Company, including its financial condition and results of operations. Factors that could affect future developments and performance include the completion of the Company’s investigation, the possibility that containment and remediation may not be successful and other risk and factors contained in the documents that the Company has filed with the Securities and Exchange Commission.