Form 10-K - Explained
What is a Form 10-K?
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What is a Form 10-K?
A Form 10-K summarizes in detail the companys performance in a report for a five-year period. For public companies (or reporting companies), the report is sent to Securities and Exchange Commission (SEC) as part of the companys on-gong reporting and disclosure requirements. It is more comprehensive than annual report, and bears important information for the new investors of the company.
How is the 10-K Report Used?
A 10-K report has been imposed as mandatory requirement for the companies by the Federal Government to help investors make informed decisions about their investments in the company. The 10-K includes five sections:
- Overview of company
- Risk factors, present and future
- Last five years financial data including Management Discussion &Analysis
- Supplementary data and audited financial statements
- Signed letters of top tier management for data accuracy assurance
The 10-K report is pubic information available on various resources, including Investor Relations section of the company's website.