AMPCO PITTSBURGH CORP Commitments Disclosure
NOTE 13 – COMMITMENTS AND CONTINGENT LIABILITIES:
As of December 31, 2025:
At December 31, 2025, commitments for future capital expenditures approximated $7,500, which is expected to be spent over the next 12-24 months.
Approximately 24% of the Corporation’s employees are covered by collective bargaining agreements that have expiration dates ranging from May 2026 to October 2028. Collective bargaining agreements expiring in 2026 (representing approximately 33% of the covered employees) will be negotiated with the intent to secure mutually beneficial arrangements.
See Note 16 regarding derivative instruments, Note 20 regarding litigation and Note 22 for environmental matters.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 25, 2024 | |
| 2022 | Mar 21, 2023 | |
| 2021 | Mar 17, 2022 | |
| 2020 | Mar 26, 2021 | |
| 2019 | Mar 16, 2020 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.