ELMT Elmet Group Co. - 8-K

Item 5.03. Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year.

On May 19, 2026, the Board
of Directors of The Elmet Group Co. (the “Company”) approved a change in the Company’s fiscal year end from December
31 to a 4-4-5 fiscal calendar, whereby each fiscal quarter consists of thirteen weeks grouped into two four-week months and one five-week
month. Under the new fiscal calendar, the Company’s fiscal year ends on the Friday closest to December 31. The first fiscal year
under the new calendar began on January 1, 2026, and ends on January 1, 2027. As a result of this change, the Company’s fiscal quarters
ending April 3, 2026, July 3, 2026 and October 2, 2026, may include an additional or lesser number of days compared to the prior year
quarters ended March 31, 2025, June 30, 2025 and September 30, 2025, and accordingly, results for these periods may not be fully comparable
to those of the prior year periods primarily due to the change in the number of days included in those periods. Subsidiaries that have
a fiscal year end different from that of the Company are consolidated using financial statements for periods that are within three months
of the Company’s fiscal year end, with adjustments for material transactions, if any. This change was implemented to better align the Company’s accounting operations with quarterly public reporting requirements and to improve
comparability of financial performance. The
change in fiscal year will not impact the Company’s previously issued financial statements or tax reporting.

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