Manitex International, Inc.
Conflict Minerals Report
For the year ended December 31, 2020
Introduction and summary
This report for the year ended December 31, 2020 is presented in accordance with the rule 13p-1 under the Securities Exchange Act of 1934 (the Rule). The rule was adopted by the Securities and Exchange Commission (?? SEC ??) and imposes certain reporting obligations on SEC filers whose manufactured products contain conflict minerals that are necessary for the functionality or production of their products. products. The term âconflict mineralsâ. is defined in section 13 (p) as (A) cassiterite, colombite-tantalite (coltan), gold, wolframite and their derivatives, as limited by the rule, tin, tantalum, tungsten and gold (?? 3TG ??) ; or (B) any other mineral or its derivatives determined by the Secretary of State as financing a conflict in the Democratic Republic of the Congo (?? DRC ??) or in any neighboring country that shares an internationally recognized border with the DRC (collectively referred to as such as âcovered countriesâ). Manitex International has reason to believe that some of the 3TG in their supply chain may originate from the countries covered. We are not in a position with absolute assurance to determine the origin of 3TG in our products and therefore cannot exclude the possibility that some originate from the countries covered. For this reason, we are required by the Rule to submit a Conflict Minerals Report (CMR) to the SEC as an attachment to the Form SD.
Manitex International is committed to complying with the requirements of the Rule and to maintaining responsible procurement practices. As such, the Company has put in place a solid due diligence program to ensure its contribution to respect for human rights and responsible practices throughout the supply chain.
Caution Regarding Forward-Looking Statements
Certain statements contained in this report may be “forward-looking”. within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as ?? waits, ?? ?? for, ?? ??plans,?? ??projects,?? ?? believes, ?? and ?? estimates, ?? ?? targets, ?? ?? anticipate, ?? and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans and any other statement that does not directly relate to historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be correct. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Actual results may differ materially from these forward-looking statements. Therefore, these statements speak only as of the date on which they are made and we do not undertake to update or revise any forward-looking statements, except as required by federal securities laws.
1. Company & Product presentation
The company is a leading provider of technical lifting solutions. The company reports in one business line and has four business units. The company designs, manufactures and distributes a diverse group of products that perform different functions and are used in a variety of industries.
Manitex, Inc. (?? Manitex ??) markets a complete range of truck cranes, truck cranes and panel cranes. Manitex boom trucks and cranes are primarily used for industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
Badger Equipment Company (?? Badger ??) is a manufacturer of specialty all terrain cranes and material handling products. Badger mainly serves the needs of the construction industries, municipalities and railways.
PM Oil and Steel SpA (?? PM ?? or ?? PM Group ??), formerly known as PM Group SpA, is one of the leading Italian manufacturers of hydraulic articulated boom cranes on truck with a 50 years history of technology and innovation, and a product line covering more than 50 models. PM is also a manufacturer of truck mounted aerial platforms with a diverse product line and an international customer base.
Manitex Valla SrL. (?? Valla ??) produces a complete line of precision industrial pick and carry cranes using electric, diesel and hybrid power options. Its cranes offer wheel or track, and fixed or swivel boom configurations, with special applications designed specifically to meet the needs of its customers. These products are sold internationally through dealers and through the rental distribution channel.
Crane and Machinery, Inc. (?? C&M ??) is a distributor of the company’s products as well as other cranes. Crane and Machinery Leasing, Inc. (?? C&M Leasing ??) leases equipment manufactured by the Company as well as a limited amount of equipment manufactured by third parties. Although C&M is a distributor of Terex Corporation (âTerexâ) cranes, C&M’s primary business is the distribution of products manufactured by the Company.