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0 PNC December 22, 2022, VIA EMAIL Office of Chief Counsel Division of Corporation Finance U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Re:Shareholder Proposal to
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Obtain a copy of the Form 10-K for PNC.
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Investors and analysts who are interested in understanding PNC's financial performance and operations.
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PNC shareholders who want to stay informed about the company's activities and financial health.
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Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive summary of a company's financial performance. It includes audited financial statements, management discussion, and analysis, and is intended to give investors a thorough overview of the company's business operations.
Publicly traded companies in the United States are required to file Form 10-K with the SEC. This includes large companies, which are defined as those with assets exceeding $10 million and more than 500 shareholders.
To fill out Form 10-K, companies need to gather detailed financial information, including income statements, balance sheets, and cash flow statements. They must follow SEC guidelines and include all required sections, such as business overview, risk factors, selected financial data, and management's discussion and analysis.
The purpose of Form 10-K is to provide a comprehensive and detailed view of a company's financial health, business model, and risks to its shareholders and potential investors, ensuring transparency and informed decision-making.
Form 10-K must include information such as company description, financial statements and notes, management's discussion and analysis, executive compensation, and information about company directors and corporate governance.
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