What is SEC Form 11-K?
An SEC Form 11-K is an annual report that is filed with the Securities and Exchange Commission (SEC) for employee stock purchase plans and similar savings plans that constitute securities registered under the Securities Act of 1933.
How Does SEC Form 11-K Work?
A Form 11-K requires the following:
- Audited financial statements for the past two fiscal years
- Audited statement of income and changes in plan equity for each of the latest three fiscal years of the plan
Why Does SEC Form 11-K Matter?
Companies aren't the only organizations that must file annual reports with the SEC. The employee stock purchase plans of those companies have to make public disclosures, too. The objective is to provide shareholders and prospective shareholders with accurate, relevant and timely information about the financial and operating performance of the company's employee stock purchase plan.
