Get the free Form 10-k

This document is an annual report for FormFactor, Inc. detailing financial statements, operational results, risks, and corporate governance for the fiscal year ended December 31, 2022.

How to fill out form 10-k

How to fill out form 10-k

1. Gather financial statements for the fiscal year, including income statement, balance sheet, and cash flow statement.
2. Prepare a summary of business operations, including a description of the company's products or services.
3. Gather information about the company's management, including executive bios and compensation details.
4. Review and document any legal proceedings or regulatory issues.
5. Compile management's discussion and analysis (MD&A) of financial conditions and results of operations.
6. Prepare disclosures regarding risk factors, including market risks and business risks.
7. Collect shareholder information and any additional disclosures required by the SEC.
8. Review and verify all information for accuracy and compliance with SEC regulations.
9. Submit the completed Form 10-K electronically via the EDGAR system.

Who needs form 10-k?

1. Publicly traded companies in the United States are required to file Form 10-K with the SEC annually.
2. Investors and analysts use Form 10-K to evaluate the financial health and performance of a company.
3. Regulators and stock exchanges require Form 10-K to ensure transparency and compliance with securities laws.

A comprehensive guide to the Form 10-K form

Overview of Form 10-K

Form 10-K is a detailed annual report mandated by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive overview of a company’s financial performance. Companies must file the Form 10-K within 60 to 90 days after their fiscal year-end, providing stakeholders a transparent view of the business’ financial health.

The importance of Form 10-K in the financial reporting landscape cannot be overstated. It serves not only as a financial statement but also as a tool for external stakeholders, including investors, regulators, and analysts, to gauge a company's solvency and operational insights. With the detailed disclosures required, investors can make informed decisions.

Key differences between Form 10-K and other reporting forms such as Form 10-Q and Form 8-K should be noted. While Form 10-K provides an annual comprehensive overview, Form 10-Q offers quarterly updates, and Form 8-K is used to report major events that occur in-between filings. Understanding these differences is crucial for proper compliance and investment analysis.

Contents of Form 10-K

A typical Form 10-K is structured in a manner that allows stakeholders to navigate its extensive content easily. The structure serves to categorize the essential information about the firm's operations, financial data, and management discussions.

The following items are generally included in a Form 10-K filing:

• Item 1 – Business: Provides a description of the company's operations, segments, and strategy.
• Item 1A – Risk Factors: Lists significant risks with explanations impacting the company's performance.
• Item 1B – Unresolved Staff Comments: Summarizes SEC comments not yet resolved.
• Item 1C – Cybersecurity: Requires disclosure about incidents related to cybersecurity.
• Item 2 – Properties: Details properties the company owns or leases.
• Item 3 – Legal Proceedings: Covers ongoing legal matters that may affect the business.
• Item 4 – Mine Safety Disclosures: Specific to companies in mining, detailing safety issues.
• Item 5 – Market Information: Includes information about stock price and dividend policies.
• Item 6 – Consolidated Financial Data: Presents comprehensive financial data over several years.
• Item 7 – Management's Discussion and Analysis (MD&A): Insights from management on financial results and context.
• Item 7A – Market Risk Disclosures: Discusses how market risks affect the company's operations.
• Item 8 – Financial Statements: Includes the complete financial statements and notes.
• Item 9 – Changes and Disagreements with Accountants: Reports any disagreements in financial reporting.
• Item 9A – Controls and Procedures: Details the company’s internal controls over financial reporting.
• Item 9B – Other Information: Any additional relevant facts about the company not covered elsewhere.

Key highlights of Form 10-K

Critical sections of Form 10-K offer vital insights for stakeholders. The Management's Discussion and Analysis (MD&A) is crucial for understanding a company's future direction as it details management's views of market challenges and opportunities. The entire risk factors section provides investors with potential red flags that could affect their investment decisions.

Essential data points for stakeholders include the company's revenue trends, net income, and any changes in financial condition. Stakeholders should pay close attention to discrepancies between projections and actual performance as flagged in the Risk Factors and MD&A sections.

Filing deadlines for Form 10-K

Filing Form 10-K within specific timelines is dependent on a company’s classification. Typically, Large Accelerated Filers must file within 60 days, while Accelerated Filers have 75 days, and Non-Accelerated Filers have 90 days following the end of their fiscal year. Adhering to these deadlines is critical for maintaining good standing with the SEC and ensuring that investors receive timely information.

Timely filings not only affect compliance but can also impact market perception. Failure to meet deadlines may lead to a loss of investor confidence and could incur penalties or further scrutiny by regulatory bodies.

Related forms and filings

Several related forms complement Form 10-K and provide additional layers of required disclosures for public companies. Form 10-Q, which is filed quarterly, provides updates on the company's financial performance, while Form 8-K reports significant events that occur between periodic filings.

These forms interact organically with Form 10-K, allowing stakeholders to obtain a more comprehensive view of a company's financial health and operational performance. A consistent and complete filing history adds credibility, allowing companies to maintain trust and transparency with investors.

Part 1: Company overview and financial health

In Part 1 of Form 10-K, the company should provide a clear overview of its business strategy, operational segments, and the markets served. This section is vital, as investors use it to gauge the company's position in the market and understand where it fits in the competitive landscape.

When drafting this section, clarity and conciseness are essential. Effective descriptions and projections should be backed by quantifiable data and realistic expectations, allowing investors to understand the potential for future growth while recognizing inherent risks.

Part 2: Management insights and financial performance

The MD&A section (Part 2) is where management reveals their insight into the past year’s financial performance, providing qualitative information that complements the quantitative data found in the financial statements. This section should highlight key performance metrics, trends, and operating segments that contributed to the overall financial results.

It's essential to present financial data and trends effectively. Use graphs and charts to visualize complex data whenever possible to improve understanding. This not only simplifies your assertion but makes it engaging for stakeholders wishing to analyze performance.

Part 3: Compliance and legal considerations

Legal considerations form a key part of the Form 10-K, especially within the Legal Proceedings section. Companies must disclose any ongoing or potential legal issues that might materially affect operations or financial position. Transparency is crucial here; failure to disclose pertinent information could lead to severe regulatory repercussions.

Additionally, clear reporting on the internal controls and processes designed to manage compliance should be part of this section. Stakeholders need to understand the steps being taken to safeguard the company from legal liabilities and to maintain accountability.

Part 4: Documenting future risks and opportunities

In Form 10-K, addressing forward-looking statements and the identification of future risks are vital for both compliance and investor relations. This must include a clear enumeration of risks that could impact future revenues and profitability. It should also communicate potential opportunities that management eyes.

This section can be pivotal for potential investors as they assess whether the risks align with their investment comfort levels. An informed discussion that balances risks against opportunities builds trust and clarity.

How to find existing Form 10-Ks

Finding existing Form 10-K documents is quite straightforward through the SEC's EDGAR database. This resource allows stakeholders to search for disclosures made by publicly traded companies. Proper use of the database involves entering the company name or stock ticker for efficient retrieval.

Using targeted keyword searches can significantly enhance the efficiency of locating specific filings. Entering the exact form (e.g., '10-K for [company name]') can yield direct results, making it easier to access the documents needed for due diligence or analysis.

Steps for filing your own Form 10-K

Filing your own Form 10-K requires thorough preparation and collaboration. Begin by gathering necessary financial data from across departments. Keep in mind that accuracy and completeness are paramount; any inaccuracies can land companies in trouble with the SEC.

The step-by-step guide to completing and submitting Form 10-K includes:

• Gathering financial data: Collect the necessary financial statements, tax documents, and relevant business information to complete the sections.
• Collaborating with stakeholders: Engage with various departments, including finance, marketing, and legal, to ensure comprehensive and accurate disclosures.
• Reviewing and editing for accuracy: Thoroughly review each section and edit to maintain consistency and clarity.
• Signing and submitting the document: Ensure all necessary signatures are obtained before electronic filing through the SEC’s EDGAR system.

Utilizing pdfFiller can streamline document management during this process. Its features facilitate document organization, allowing for seamless collaboration and editing.

Best practices for reviewing and editing Form 10-K

Thorough reviews of the Form 10-K are critical. Each section provides an opportunity to communicate effectively with stakeholders, and all reports should undergo stringent reviews by team members who understand not only the content but the implications of the disclosures.

Leveraging collaborative tools can enhance the review process as well. pdfFiller, for instance, offers features such as eSigning, extensive editing capabilities, and document sharing, which ensure that reviews are not only thorough but also efficient.

Conclusion – Summary of key takeaways

In summary, the Form 10-K is a comprehensive document that serves as a cornerstone for effective financial reporting. It impacts stakeholders across the board, from management to investors. Leveraging tools like pdfFiller can streamline the process, enhancing efficiency and accuracy throughout.

Understanding its structure and focusing on key disclosures are crucial to navigating the complexities of compliance and offering transparency. As the regulatory landscape continues to evolve, having a solid grasp of Form 10-K and its requirements becomes not only beneficial but vital.

FAQs on Form 10-K

Several common questions regarding Form 10-K filings arise among users, especially concerning the nuances of disclosures and filing obligations. Frequently asked questions often center around what to include in officer and director disclosures and the implications of not disclosing certain financial data.

Clarifications on these topics are critical. Companies must ensure they understand the legal implications of their disclosures. Moreover, addressing common concerns through FAQ segments not only educates readers but builds credibility in the reporting process.

For pdfFiller’s FAQs

How can I manage my form 10-k directly from Gmail?

form 10-k and other documents can be changed, filled out, and signed right in your Gmail inbox. You can use pdfFiller's add-on to do this, as well as other things. When you go to Google Workspace, you can find pdfFiller for Gmail. You should use the time you spend dealing with your documents and eSignatures for more important things, like going to the gym or going to the dentist.

How do I edit form 10-k in Chrome?

form 10-k can be edited, filled out, and signed with the pdfFiller Google Chrome Extension. You can open the editor right from a Google search page with just one click. Fillable documents can be done on any web-connected device without leaving Chrome.

How do I edit form 10-k straight from my smartphone?

You can easily do so with pdfFiller's apps for iOS and Android devices, which can be found at the Apple Store and the Google Play Store, respectively. You can use them to fill out PDFs. We have a website where you can get the app, but you can also get it there. When you install the app, log in, and start editing form 10-k, you can start right away.

What is form 10-k?

Form 10-K is an annual report that publicly traded companies in the United States must file with the Securities and Exchange Commission (SEC). It provides a comprehensive overview of the company's financial performance, including its audited financial statements, management analysis, and a summary of operations.

Who is required to file form 10-k?

Publicly traded companies in the U.S. that are registered with the SEC must file Form 10-K. This includes large companies with assets over a certain threshold and companies with more than a specific number of shareholders.

How to fill out form 10-k?

To fill out Form 10-K, a company must gather all relevant financial information, prepare its financial statements according to Generally Accepted Accounting Principles (GAAP), and complete the required sections, including business overview, risk factors, selected financial data, management's discussion and analysis (MD&A), and disclosures on management and governance.

What is the purpose of form 10-k?

The purpose of Form 10-K is to provide shareholders and the SEC with detailed information about a company's financial performance, risks, and overall business operations, helping investors make informed decisions.

What information must be reported on form 10-k?

Form 10-K must report financial statements, management's discussion and analysis (MD&A), information about the company's business, legal proceedings, executive compensation, and risk factors. It also includes disclosures about corporate governance and internal controls.