Section 1 Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Conflict Minerals Disclosure
Woodward, Inc. (the
Company, Woodward, we, us or our) is filing this Form SD pursuant to Rule 13p-1 (Rule 13p-1)
under the Securities Exchange Act of 1934 for the reporting period from January 1, 2022 to December 31, 2022 (the Reporting Period).
Rule 13p-1, through Form SD, requires the disclosure of certain information if a company manufactures or contracts to
manufacture products for which certain conflict minerals (as defined below) are necessary to the functionality or production of such products. As defined in Form SD and as used herein, conflict minerals means: (i)(a) columbite-tantalite
(or coltan), (b) cassiterite, (c) gold and (d) wolframite, or their derivatives, which are currently limited to tantalum, tin and tungsten; or (ii) any other mineral or its derivatives determined by the U.S. Secretary of State to be
financing conflict in the Democratic Republic of the Congo or an adjoining country as defined in Form SD (collectively, the Covered Countries). Our operations, including the operations of our consolidated subsidiaries,
manufacture, or contract to manufacture, products for which conflict minerals are necessary to the functionality or production of those products. Woodward primarily serves the aerospace market and industrial market. Products we manufacture or
contract to manufacture in the aerospace market include fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; as well as flight deck controls (auto
throttles, rudder pedal assembles, flight control assemblies), actuators, servocontrols, motors and sensors for aircraft. Products we manufacture or contract to manufacture in the industrial market include power converters, actuators, valves, pumps,
injectors, solenoids, ignition systems, governors, electronics and devices that measure, communicate and protect low and medium voltage electrical distribution systems. Woodward has determined that some of these products contain one or more conflict
minerals, in particular:
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All of the product families listed, except for valves, nozzles, injectors and some pumps, contain (or physically
are) electronics, motors and/or sensors. These product families will contain, at a minimum, tin in the lead/tin solder that fastens electronic components to printed circuit boards and tantalum in certain families of capacitors used in printed
circuit board assemblies within those product families. |
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Gold is used in the plating of connectors and contacts in many of the electronics within our product families.
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Finally, items in all of Woodward product families use a variety of steels, which could contain very small
amounts of tungsten as part of their material recipe. |
As a result of these determinations, Woodward is required to conduct a reasonable
country of origin inquiry (RCOI) in accordance with Rule 13p-1.
Reasonable Country of Origin
Inquiry
As noted above, some of the products Woodward manufactures contain one or more conflict minerals. Woodward does not purchase conflict
minerals directly from mines, smelters or refiners. Rather, the Company sources products containing conflict minerals from its suppliers. In accordance with the OECD