Preparing a Form 10-K annual report is one of the most time-intensive obligations for public companies, requiring attorneys to coordinate across departments, compile extensive disclosures, and ensure SEC compliance across dozens of required items. Manual drafting typically consumes 20-30 hours of attorney time, with constant cross-referencing between prior filings, financial statements, and regulatory requirements creating bottlenecks and compliance risks.
Preparing a comprehensive Form 10-K annual report requires attorneys to manually compile information from dozens of sources, draft complex financial disclosures, analyze risk factors, and ensure Regulation S-K compliance—a process that typically consumes 120+ hours. The extensive coordination between legal, finance, audit, and executive teams creates bottlenecks, while the risk of disclosure gaps or inconsistencies can trigger SEC comment letters and delay filings.
CaseMark automates Form 10-K drafting by intelligently extracting data from prior filings, financial statements, board materials, and corporate documents to generate compliant disclosure sections. The AI analyzes year-over-year changes, identifies new risk factors, ensures narrative consistency across MD&A and business descriptions, and produces SEC-ready drafts in minutes—reducing preparation time by 99% while maintaining accuracy and regulatory compliance.
This workflow is applicable across multiple practice areas and use cases
Form 10-K preparation is a core corporate governance obligation for public companies, requiring coordination between boards, management, and legal counsel to ensure accurate disclosure of governance structures, executive compensation, and internal controls.
Corporate governance attorneys are directly responsible for drafting and reviewing Parts III and IV of Form 10-K, including director and officer disclosures, executive compensation tables, and corporate governance policies, making this workflow essential to their practice.
Corporate finance attorneys use Form 10-K to disclose financial condition, capital structure, debt obligations, and material financing arrangements required under SEC regulations for public companies.
Form 10-K Part II includes critical financial data, MD&A, and market risk disclosures that corporate finance teams must prepare when advising on capital raises, debt financing, and financial restructuring for public companies.
M&A attorneys rely on Form 10-K filings as primary due diligence documents to assess target company risks, liabilities, material contracts, and financial performance in public company acquisitions.
Form 10-K contains comprehensive business descriptions, risk factors, financial statements, and material contract disclosures that are essential for M&A due diligence and transaction structuring involving public companies.
Financial services attorneys advising banks, broker-dealers, and investment companies must prepare specialized Form 10-K disclosures addressing regulatory capital requirements, compliance programs, and industry-specific risk factors.
Public financial institutions have unique SEC reporting obligations under Regulation S-K and industry-specific disclosure requirements that require specialized legal expertise in both securities law and financial services regulation.
CaseMark's AI is trained on Regulation S-K requirements and analyzes your documents against SEC disclosure standards. It identifies required items, flags missing disclosures, ensures proper risk factor categorization, and validates that financial data is consistently presented across all sections. The system also checks for plain English compliance and highlights areas that may trigger SEC staff comments based on recent comment letter trends.
Yes, CaseMark extracts financial data from audited statements and prior filings to generate comprehensive MD&A narratives explaining year-over-year changes, liquidity analysis, and critical accounting estimates. The AI quantifies variances, identifies trends, and creates cohesive explanations that connect business operations to financial results. It also drafts market risk disclosures, contractual obligations tables, and off-balance sheet arrangement discussions.
CaseMark analyzes board minutes, audit committee reports, SEC correspondence, and current year events to identify emerging risks not disclosed in prior filings. It compares your risk profile against industry peers and recent SEC guidance to ensure comprehensive coverage. The AI then drafts company-specific risk factor narratives that go beyond boilerplate language, explaining the likelihood and potential magnitude of each risk based on your actual circumstances.
CaseMark generates the appropriate incorporation by reference language for Part III items and tracks the 120-day proxy filing deadline. If you choose to include Part III information directly in the 10-K instead, the AI can draft director biographies, executive compensation tables, security ownership disclosures, and governance descriptions using data from employment agreements, equity plans, and corporate records you provide.
The system automatically generates a complete exhibit index organized by Item 601 numbering, identifies required exhibits based on your corporate structure and material contracts, and creates proper incorporation by reference citations to prior filings. CaseMark also prepares signature pages with all required signatories including officers and directors, and can accommodate power of attorney arrangements. The output is formatted for EDGAR filing compliance.