Form 10-K

Form 10-K is a Securities and Exchange Commission (SEC) periodic report that public companies file to disclose the material results of their business operation for their past fiscal year.

The Form 10-K provides a comprehensive overview of the company’s condition and includes audited financial statements. Form 10-Ks contain four parts:

• Part 1 provides a summary of the business’ operations, the company’s risk factors , the significant properties that the company holds, and any material legal proceedings that the company is involved in.
• Part 2 provides a summary of how the company’s stock performed, consolidated financial data, management’s discussion and analysis (MD&A) of the company’s financial condition and results of operations, quantitative and qualitative disclosures about market risks, audited financial statements, and internal controls and procedures.
• Part 3 provides information about the company’s directors , executive officers , corporate governance , executive compensation, beneficial ownership of stock by management, and certain relationships, related transactions, and director independence.
• Part 4 includes the financial statement schedule signatures and allows the company to include any material exhibits.

For more illustrations, see the SEC Form 10-K General Instructions and a recent example of Apple Inc.’s  2021 Form 10-K .

[Last reviewed in January of 2022 by the Wex Definitions Team ]

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