UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM SD

SPECIALIZED DISCLOSURE REPORT

 

 

Revvity, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Massachusetts   001-05075   04-2052042

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

940 Winter Street, Waltham, Massachusetts   02451
(Address of Principal Executive Offices)   (Zip Code)

John L. Healy (781) 663-6900

(Name and telephone number, including area code, of the person to contact in connection with this report.)

 

 

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

 

 

Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.

 

 

Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended      .

 

 

 


Section 1 – Conflict Minerals Disclosure

Item 1.01 – Conflict Minerals Disclosure and Report

The Conflict Minerals Report for the calendar year ended December 31, 2023, filed herewith as Exhibit 1.01, is available at www.revvity.com under “Social”.

Item 1.02 – Exhibit

Exhibit 1.01 – Conflict Minerals Report of Revvity, Inc. for the calendar year ended December 31, 2023.

Section 2 – Resource Extraction Issuer Disclosure

Item 2.01: Resource Extraction Issuer Disclosure and Report

Not applicable.

Section 3 – Exhibits

Item 3.01 – Exhibits

Exhibit 1.01 – Conflict Minerals Report of Revvity, Inc. for the calendar year ended December 31, 2023.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

 

    REVVITY, INC.
Date: May 31, 2024     By:  

/s/ Joel S. Goldberg

    Joel S. Goldberg
    Senior Vice President, Administration, General Counsel and Secretary

 

 

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Exhibit 1.01

Revvity, Inc.

Conflict Minerals Report

For the Year Ended December 31, 2023

Overview

Revvity, Inc. (“Revvity” or the “Company”), is filing this Conflict Minerals Report (“Report”) pursuant to Rule 13p-1 and Form SD under the Securities Exchange Act of 1934 (the “Rule”), for the reporting period January 1, 2023 through December 31, 2023. The Rule requires companies that report under the Exchange Act to provide disclosures about conflict minerals that are necessary to the functionality or production of products that they manufacture or contract to be manufactured. When those conflict minerals originate (or may have originated) in the Democratic Republic of the Congo or certain adjoining countries (the “Covered Countries”) and did not originate (or may not have originated) from recycled or scrap sources, the Company must file a Conflict Minerals Report. “Conflict Minerals” are defined as cassiterite, columbite-tantalite (coltan), gold, wolframite, certain of their derivatives and other minerals, including tungsten, tin and tantalum.

Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what’s possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more. The Company was founded in 1947 and is headquartered in Waltham, Massachusetts. The Company reported revenues of more than $2.7 billion in 2023, serves customers in more than 190 countries, and employs more than 11,000 employees. Revvity’s common stock is listed on the New York Stock Exchange under the symbol “RVTY” and we are a component of the S&P 500 Index.

We report our business in two segments: Life Sciences and Diagnostics:

Life Sciences. Our comprehensive portfolio of technologies helps life sciences researchers better understand diseases and develop treatments. We provide a broad suite of products, solutions and services that facilitate optimized workflows, increase productivity, and accelerate every stage of the drug discovery and development pipeline. Our offerings span the areas of cell, gene, and protein research, enabling scientists to work smarter, make research breakthroughs, and transform those breakthroughs into real-world outcomes. We partner with global pharmaceutical, biotech and contract research organizations, as well as academic institutions, to enable them to discover and develop better treatments and therapeutics to fight disease faster and more efficiently.

• Diagnostics. We offer instruments, reagents, assay platforms and software to hospitals, medical labs, clinicians and medical research professionals to help improve the health of families. Our Diagnostics segment is especially focused on reproductive health, immunodiagnostics, emerging market diagnostics and applied genomics.

We provide early detection for genetic disorders from pregnancy to early childhood, and infectious disease testing for the diagnostics market. Our screening products are designed to provide early and accurate insights into the health of expectant mothers during pregnancy and into the health of their babies. Diagnostic labs use our instruments, reagents and software for testing and screening genetic abnormalities and certain disorders and diseases, including Down syndrome, hypothyroidism, muscular dystrophy, infertility and various metabolic conditions. We also develop technologies that enable and support genomic workflows using PCR and next-generation DNA sequencing for applications in oncology, immunodiagnostics and drug discovery.

 

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Reasonable Country of Origin Inquiry

The Company conducted a reasonable country of origin inquiry (“RCOI”) designed to determine whether any of the necessary Conflict Minerals in its products originated in the Covered Countries and whether any of the Conflict Minerals are from recycled or scrap sources. As part of this RCOI, the Company requested completed Conflict Minerals Reporting Template forms from suppliers of components that are regarded as most likely to contain Conflict Minerals and are currently used in the Company’s products. As of the date of this Report, the Company had received survey responses from a substantial majority of the suppliers for that representative sample of components. The Company received a wide range of responses from those suppliers, which ranged from “no conflict mineral content” to statements advising that the supplier was not able to determine the origins of the applicable Conflict Minerals. Our suppliers have been advised by some smelters that provided information to them that they have little or no visibility into the origin of the raw metal utilized in the smelting process. The Company has been able to improve its ability to identify “default” components used by contract manufacturers, eliminating the optional approved components that the suppliers are not using. The Company estimates, after eliminating both “default” components and other components regarded as not reasonably likely to contain Conflict Minerals, that it has over 18,250 part numbers that could contain Conflict Minerals. The supplier responses we received to our enquiries identified over 425 smelters as having possibly been utilized by our supply chain. We are not able to connect these smelters to our particular products, as many suppliers are not able to confirm details to the part level.

Based on the Company’s RCOI, the Company has reason to believe that certain products that the Company manufactures or contracts to manufacture include necessary Conflict Minerals that may have originated in a Covered Country and also has reason to believe those Conflict Minerals may not have originated from recycled or scrap sources.

This Conflict Minerals Report will also be made available on the Company’s website, located at www.revvity.com, along with the Company’s Statement on Conflict Minerals.

Products Covered and Supply Chain

This Report relates to Company products (i) for which Conflict Minerals are necessary to the functionality or production of that product, (ii) which were manufactured or contracted to be manufactured by the Company, and (iii) for which manufacture was completed in 2023. The Company outsources the majority of its manufacturing requirements to third parties. Due to the number and complexity of products manufactured by the Company, at a Tier 1, or “direct supplier to the Company” level, the Company has over 1,150 suppliers and as noted above purchases items that are regarded as potentially containing Conflict Minerals having over 18,250 part numbers. The Company’s supply chain management, research and development, and engineering organizations, working as an internal Conflict Minerals program team, conducted a risk assessment of products manufactured for or on behalf of the Company and determined that Conflict Minerals are contained in, and are necessary for the functionality or production of, a relatively small percentage of the components used in the Company’s products on an overall basis, with electrical components, such as printed circuit board assemblies, being most likely to contain Conflict Minerals. The Company’s position in the supply chain for these components is significantly removed from Conflict Mineral mining operations, smelters and raw material distributors.

The Company’s supply chain management organization determined that Conflict Minerals are most likely to enter the supply chain for the above-described products via transactions with electrical component manufacturers or distributors, or electrical assembly contract manufacturers. The Company estimates that for purchases in 2023 over 18,250 parts are within scope of the due diligence activities as potentially containing Conflict Minerals and as noted the bulk of these are catalog electrical components manufactured by third party organizations to their specifications. The Company has no ability to influence or exercise control over such third parties.

Due Diligence

Design of Due Diligence

The Company exercised due diligence on the source and chain of custody of the necessary Conflict Minerals contained in its products. In this regard, the Company’s supply chain management organization developed a due diligence process that is consistent with the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains from Conflict-Affected and High-Risk Areas (Third Edition, 2016).

 

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Due Diligence Measures Undertaken

The Company’s due diligence efforts for calendar year 2023 to promote compliance with the Rule included, but were not limited to, the following:

 

   

Operated in accordance with the Company’s “Statement on Conflict Minerals”, which is posted on the Company’s website and provided to the Company’s suppliers. The Statement describes the manner in which the Company is working within the regulatory framework to determine the source and chain of custody for any products containing Conflict Minerals;

 

   

Continued to facilitate corporate functional support of supply chain due diligence through a corporate-wide steering group for the Conflict Minerals program team which reports to senior management, including representation from supply chain management, research and development, engineering, and operations functions;

 

   

Maintained a mechanism by which questions and concerns regarding the Company’s use of Conflict Minerals and policy with regard to Conflict Minerals may be raised with the Company;

 

   

As both a purchaser and supplier of a wide range of products, the Company continued to engage in discussions with its suppliers and their supply chain partners to enhance its due diligence efforts;

 

   

Continued its participation in industry forums such as the Responsible Minerals Initiative, of which the Company is a member, to enhance sharing of best practices and current trends for Conflict Minerals reporting;

 

   

Continued to communicate with key suppliers regarding applicable regulations and requirements;

 

   

Provided updates on notable developments in the field to members of the Conflict Minerals program team;

 

   

Conducted a risk assessment of the products manufactured for or on behalf of the Company, as well as the components and raw materials required for such production, including an analysis of bills of material for the products performed by the Company’s engineering and operations organizations;

 

   

Improved reporting functionality and continued efforts to obtain full material disclosure (FMD) for the parts within scope to identify their mineral content. Utilizing the results of both the FMD process and direct responses from our suppliers, we understand that roughly 13% of components regarded as most likely to contain Conflict Minerals do, in fact, contain them; and

 

   

Conducted an ongoing review of the Company’s Conflict Minerals program with its supply base, which involved surveying over 1,150 direct and sub-tier suppliers of the components currently used in the Company’s products.

The Company does not have direct relationships with smelters and, accordingly, the Company does not perform or direct audits of these entities in our supply chain. Rather, the Company relies on the efforts of industry associations that administer independent third-party smelter audit programs, such as the Responsible Minerals Initiative. In this regard, we relied on the Responsible Minerals Assurance Process issued by the Responsible Minerals Initiative to conduct audits and validate smelters.

Consistent with the OECD Due Diligence Guidance, the Company has prepared and filed the foregoing Form SD and this Conflict Minerals Report, and posted the required content on our corporate website.

Future Diligence Measures

The Company will continue to evolve its Conflict Minerals program in 2024 based on industry best practice, OECD guidance and other relevant measures. The Company will continue to assess the remaining components used in its products, and any newly added components, for Conflict Minerals content. As information becomes more readily available within the Company’s supply chain, including through both direct suppliers and their supply base partners, the Company will continue to update its program and related standard operating procedures accordingly, including through the engagement of environmental compliance specialists when needed, and through membership in industry organizations such as the Responsible Minerals Initiative.

Results of Due Diligence

As described, the Company identified a relatively small percentage of the components used in its products on an overall basis as containing Conflict Minerals. These products are principally life science instrumentation that include as components printed circuit board assemblies containing Conflict Minerals.

 

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The Company, in the majority of instances, does not design or manufacture these components. It is therefore not in a position to either control or influence the design, supply base or manufacturing of the components containing Conflict Minerals. Components are purchased through complex distribution channels ending with the direct manufacturer. While the overall level of knowledge and awareness among our suppliers has continued to increase, we are not able at this time to identify what facilities were used to process the necessary Conflict Minerals in these components, nor the country of origin of the necessary Conflict Minerals in these components.

Independent Private Sector Audit

The Company is not required to obtain an independent private sector audit for 2023.

 

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