ANSWERS: 1
  • A form 10-K is required annually by the U.S. Securities and Exchange Commission from all companies with a public float of $10 million or more. Not only does the form 10-K cover a company's financial data, it also includes information such as the company's history, its governance and and its risk factor.

    Form 10-K Document Structure

    Four parts make up the form 10-K. Part 1 covers the company's business, properties, legal proceedings, and any security holder votes throughout the year. Part 2 addresses any monetary matters, including equities, financial data, the company's analysis of its financial condition, market risks, financial statements, and any accounting discrepancies. In Part 3, the form 10-K requires information on the company's executives and their compensations, details about stockholders, and accounting fees and services. Part 4 is a collection of the company's exhibits and financial statements.

    Types of Filers

    There are three types of form 10-K filers: non-accelerated, accelerated and large accelerated. A non-accelerated filer is any company with a public float of more than $10 million and less than $75 million. An accelerated filer possesses over $75 million and less than $700 million. Large accelerated filers have a public float of more than $700 million.

    Filing Deadlines

    A non-accelerated filer must submit the form 10-K no more than 90 days after the company's fiscal year ends. Accelerated filers have 75 days after the fiscal year ends. Large accelerated filers are more complex. These companies have 75 days when the fiscal year ends before December 15, and 60 days when the fiscal year ends on or after December 15.

    Where to Find Filed Form 10-Ks

    The SEC's EDGAR database publicly hosts all filed form 10-Ks. There are also various websites that offer the same service, along with alerts for when companies submit their form 10-Ks.

    Related Forms

    In addition to the form 10-K, companies must file the form 10-Q quarterly, and the form 8-K to announce major events to shareholders. Small businesses submit their own less detailed version of the form 10-K called the 10-KSB.

    Source:

    Securities and Exchange Commission: About Form 10-K

    SEC: Form 10-K

    Resource:

    SECwatch.com: Form 10-K Search

    SEC: EDGAR Database

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