Skip to Main Content
It looks like you're using Internet Explorer 11 or older. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. If you continue with this browser, you may see unexpected results.

Managerial Communication

Research guide for GMGT 5140 course on Managerial Communication

Annual Reports & SEC Filings

Why Review SEC Filings and the Annual Report?

Companies must file regular reports with the Securities & Exchange Commission (SEC) in order to sell shares on major stock exchanges.  These reports include detailed descriptive information on products, organization, distribution and risk factors ,as well as financial statements.  

A company's annual report to stockholders is often more of a public relations tool. A key portion is the President's Letter that will highlight major events and strategies. Many companies now append the Form 10-K report to the letter to form the annual report.

SEC's EDGAR database may also have financials for private company in the early stages of filing with the SEC for an initial public offering (IPO).

Key SEC filings to review are:

- Annual Report to Stockholders for the President's letter;
- 10K annual form for operations insight (business description--distribution channels, competition, risk factors & more--and management discussion) as well as financials
- 10Q quarterly report

Alternatives to the Annual 10-K are:
- S-1 initial registration filing for IPOs & new registrants
- 20-F reports for non-US companies
SEDAR reports for Canadian companies.

If not at the company's web site, sources below provide SEC and related filings: