What is the purpose of Form 10-K?

The purpose of Form 10-K is to provide a comprehensive annual report required by the Securities and Exchange Commission (SEC) that details a company's financial performance over the past year. This report includes essential information such as audited financial statements, management's discussion and analysis of financial condition and results of operations, executive compensation, and corporate governance disclosures.

This level of detail aids investors and the public stakeholders in making informed decisions about the company's financial health and operational strategies. The 10-K is submitted annually, distinguishing it from other filings like quarterly reports, which are more focused and less comprehensive. Overall, the information presented in Form 10-K is critical for maintaining transparency and accountability in publicly traded companies.