We at LSI Industries support ending the violence and human rights violations in the mining of certain minerals from the Democratic Republic of the Congo (the "DRC") and the surrounding nine countries of Republic of Congo, Angola, Burundi, Central African Republic, Rwanda, South Sudan, Tanzania, Uganda and Zambia (collectively known as the "Covered Countries"). Certain mines in this region of the world ("Conflict Mines") are under the control of armed groups who have been cited for violent crimes and various human rights abuses against the local population. These armed groups smuggle out minerals which have been sourced from the Covered Countries, and the proceeds are used to further finance and perpetuate conflict, criminal behavior and human rights abuses. The U.S. Securities and Exchange Commission has adopted final rules implementing reporting and disclosure requirements related to "Conflict Minerals," defined as tantalum, tin, tungsten and gold (3TG), as directed by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The rules require manufacturers who file certain reports with the SEC, including LSI Industries, to disclose the origin of Conflict Minerals that are contained in the products they manufacture or contract to manufacture. These 3TG minerals may have been mined from either Conflict Mines or from Conflict-Free Mines in either the Covered Countries or elsewhere in the world.
LSI Industries does not procure 3TG minerals directly from mines or smelters. We are actively working with our supply chain partners to verify to the extent possible that the material and products we sell do not contain Conflict Minerals that are sourced from these Conflict Mines. LSI will make every reasonable effort to replace any supply chain partner who does not supply us with products that are Conflict-Free, and will seek to source our materials and components only from supply chain partners who will. LSI Industries will take all necessary steps to comply with the due diligence and disclosure obligations required by the Securities and Exchange Commission regulations.
LSI Industries has either obtained, or is in the process of obtaining, information via the standard EICC Conflict Minerals Reporting Template or via letter responses from our supply chain partners concerning the origin of the Conflict Minerals that are present in the various products we sell. Any Conflict Minerals disclosures that LSI Industries is required to make with the SEC will be publicly available on our website (www.lsi-industries.com) by or after May 31, 2017.