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SD: Specialized disclosure report

SEC announcement ·  May 31 04:32
Summary by Futu AI
Block, Inc., formerly known as Square, has filed a Form SD with the United States Securities and Exchange Commission (SEC) for the reporting period from January 1 to December 31, 2023. The filing, made under Rule 13p-1 of the Securities Exchange Act, pertains to the company's use of certain minerals that are necessary in the manufacturing of its primary hardware products, which include the magstripe reader, contactless and chip reader, Square Stand, Square Register, and Square Terminal. These products are manufactured by third parties. Block conducted a Reasonable Country of Origin Inquiry (RCOI) to determine if the tin, tungsten, tantalum, and gold (3TG) minerals used in these products originated from the Democratic Republic of the Congo or adjoining countries. The company received responses from...Show More
Block, Inc., formerly known as Square, has filed a Form SD with the United States Securities and Exchange Commission (SEC) for the reporting period from January 1 to December 31, 2023. The filing, made under Rule 13p-1 of the Securities Exchange Act, pertains to the company's use of certain minerals that are necessary in the manufacturing of its primary hardware products, which include the magstripe reader, contactless and chip reader, Square Stand, Square Register, and Square Terminal. These products are manufactured by third parties. Block conducted a Reasonable Country of Origin Inquiry (RCOI) to determine if the tin, tungsten, tantalum, and gold (3TG) minerals used in these products originated from the Democratic Republic of the Congo or adjoining countries. The company received responses from all of its contract manufacturers, which accounted for 100% of its hardware production. The responses indicated that some of the 3TG minerals may have originated from the covered countries and may not have been from scrap or recycled sources. Block has stated that it has exercised due diligence on the source and chain of custody of these minerals. The Form SD is publicly available on Block's investor relations website.

This announcement is a separate document:

Doc 1

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