What is 10kt filing?
SEC Form 10-KT is a filing with the Securities and Exchange Commission (SEC) submitted in lieu of or in addition to a standard 10-K annual report when a company changes the end of its fiscal year. 1 For example, certain mergers or acquisitions can leave the new company with a shorter or elongated reporting period.
Do all companies have to file a 10-K?
Companies with more than $10 million in assets and a class of equity securities that is held by more than 2000 owners must file annual and other periodic reports, regardless of whether the securities are publicly or privately traded.
Why would a private company file a 10-K?
When a private company’s stock ownership and assets exceed the limits set by the Securities and Exchange Act of 1934, the company must file a Form 10, which includes a description of the business and its officers, similar to an initial public offering.
Can a company not file a 10-K?
The quarterly report provides a less detailed snapshot of a company’s finances for an interim period within the fiscal year. When a company cannot file a 10-K or 10-Q within the given timeframe, SEC rule 12b-25 requires that the company must use an NT, non-timely, filing.
What should I look for in a 10-K report?
Often, the most essential components of the annual 10-K filing include:
- Item 1: Business (a description of the company’s operation)
- Item 1A: Risk Factors.
- Item 3: Legal Proceedings.
- Item 6: Selected Financial Data.
- Item 7: Management’s Discussion and Analysis of the Financial Condition2
How often is a 10-K filed?
A 10-K is a comprehensive report filed annually by a publicly-traded company about its financial performance and is required by the U.S. Securities and Exchange Commission (SEC).
Do private companies have to be audited?
Private companies, without publicly traded debt or equity, aren’t required to either publicly disclose financial statements or have their financial statements audited.
What is the difference between annual report and 10-K?
The 10-K is generally more detailed than the annual report but lacks photos and graphics. The annual report is a user-friendly publication, while the 10-K is intended for investors and analysts. The 10-K can be found on the SEC website, while the annual report should be readily available on the company’s website.
How do I find my 10-K report?
To find a particular company’s Form 10-K filings, use the Company Search for the SEC’s EDGAR database. On the returned listing of filings for the company, enter “10-K” in the Filing Type box near the top of the page to filter for only Forms 10-K that have been filed.