Smith Douglas Homes Corp. 10-K Cybersecurity GRC - 2024-04-01

Page last updated on July 16, 2024

Smith Douglas Homes Corp. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-01 16:11:12 EDT.

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10-K filed on 2024-04-01

Smith Douglas Homes Corp. filed a 10-K at 2024-04-01 16:11:12 EDT
Accession Number: 0001140361-24-016909

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity. Cybersecurity Risk Management and Strategy We have developed and implemented several cybersecurity risk management measures intended to protect the confidentiality, integrity, and availability of our critical systems and information. We work to continuously refine, strengthen, and supplement these measures. Our cybersecurity risk management measures are integrated into our overall enterprise risk management program and share common methodologies, reporting channels, and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. Our cybersecurity risk management measures include: - a risk assessment designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment; - a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents; - the use of external service providers, where appropriate, to assess, test, or otherwise assist with aspects of our security controls and cybersecurity awareness training; and - cybersecurity awareness training of our employees, incident response personnel, and senior management. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents such as phishing attacks and other email compromises, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has received briefings from management in the past as appropriate (for example, regarding the results of our previous cybersecurity risk assessment). We have also previously relied on external experts for our audit committee functions and have recently created an internal audit committee, which will have more focused oversight of cybersecurity and other information technology risks and to which management of such risks will be delegated. The audit committee oversees management’s implementation of our cybersecurity risk management program. Our management team, including the Vice President of IT and the Chief Financial Officer, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s cybersecurity experience includes previous combined experience of almost 50 years managing and otherwise engaged with IT and internal audit functions at public companies overseeing the development and strengthening of cybersecurity programs inclusive of training, risk assessments, and formal policies and procedures. Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from external consultants engaged by us, and alerts and reports produced by security tools deployed in the IT environment.

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