We can’t remember the last time we saw a glossy, informative corporate annual report. These days most seem to be just 10K wraps–SEC filings with a glossy cover–and we read the data on our computer monitors. So who killed the annual report? Sarbanes-Oxley. [READ MORE]
Annual Report, R.I.P. [The American]
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Yeah, my desk is piled high with annual reports. Maybe you don’t see them because you have never put yourself on the mailing lists for these companies because you are not an investor.
Just a thought.
I’m really pumped up this morning for some reason and commenting on very thing.
That said, I used to say in college that the glossy pages in the “annual report” were there to distract the idiots. Still theres nothing nicer than printing and binding a nice double sided 10K so you flag and highlight you favorite passages. Carney, you should give it a whirl.
read what hes saying here…. the glossy annual is a thing of the past. Typically its a few color pages wrapped around a dull 10K. And, you more often than not download it, so there really is no thick glossy paper involved. I think its the cost/benefit. Instantaneous info in a cheezy format wins over a glossy version delived by snail mail.
you, sir, are obviously not a stock analyst
I hate hardcopies. I throw mine away and download the pdfs…
I usually print the 10-K and have annual report with 10-K mailed. I love the feel of the thin paper 10-K contrasting with the glossy graphs in the annual report. Also, the color photos of the CEOs and CFOs just can’t be replicated with the same quality with a color printer and a pdf. MMmmmmm
by the time you get an annual, it’s worthless. seriously, if you haven’t looked at the numbers until it comes in the mail you might as well be reading last year’s WSJ…that said, most of the pdf version of the 10k’s online are horrendus, I hate looking at a page with 3 text lines because formating is off by a few lines.
The glossy annual was how the CEO got a big kickback at a titty-bar from his brother who owned the printing company.
Bess needs to report about last night’s encounter between Carney and Pethokoukis in the men’s room of The Ninth Circle.
funny comment, Super Hardcore Finance. I’ve always wondered who looks at those color photos.
Those glossy reports aren’t just going away because of SarBox. The end of the glossy AR is a perfect example of saving $ while embracing eco-friendliness. Many companies have been allowing investors to opt out of printed materials for several years now. As the audience for the paper stuff shrinks, we’ll see more and more companies focus less on print and more on electronic media.