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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