18 Feb 2025
I’m Ready for My Close-Up: The “Glossy” Annual Report
A glossy annual report is a document containing key corporate information to be distributed to shareholders in advance of a publicly held company's annual meeting. Glossy annual reports should not be confused with annual reports on Form 10-K, which is the annual report that must be filed with the SEC by U.S. reporting companies. While a glossy annual report will generally contain less detailed information than an annual report Form 10-K-filing, it will often include color pictures, charts, tables, and other graphics not typically included in the Form 10-K (and the reason it is referred to as “glossy”). Some companies use Form 10-K as their annual report to shareholders. Learn more in this practice note.
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Delve into the compensation, discussion, and analysis (CD&A) section of proxy and information statements. The CD&A is intended to (1) discuss the material elements of a registrant's compensation of its named executive officers (NEOs), (2) provide a general overview of a registrant's overall compensation program, and (3) disclose material information necessary for an understanding of the registrant's compensation policies and decisions regarding its NEOs. - Proxy Statement and Annual Meeting Resource Kit
Reference this resource kit providing an overview of proxy statements and annual meetings. In preparing a public company for its annual meeting of shareholders, counsel can expect to spend a significant amount of time drafting or reviewing its proxy statement.
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Stay informed on new developments.- ERISA. Trump Administration freezes issuance of proposed and final regulations pending review. The White House, Regulatory Freeze Pending Review.
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- Health and Welfare Plans. DOL, HHS, Treasury, and Office of Personnel Management jointly released FAQs Part 69 which provide additional guidance on the federal independent dispute resolution process and on the “gag clause prohibition” set forth in Section 201 of the Consolidated Appropriations Act, 2021. FAQs About Consolidated Appropriations Act, 2021 Implementation Part 69.
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