Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______________ to _______________ Commission File Number 001-35272 MIDLAND STATES BANCORP, INC. (Exact name of registrant as specified in its cha ...

Table of Contents Yes UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35784 NORWEGIAN CRUISE LINE HOLDINGS LTD. (Exact name of registrant as specified in its charter) Bermuda 98-06 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________to__________ Commission file number 001-09518 THE PROGRESSIVE CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdic ...

OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file Number 001-11138 FIRST COMMONWEALTH FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | PENNSYLVANIA | 25-1428528 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 601 PHILADELPHIA STREET | 15701 | | INDIANA, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number 1-6961 TEGNA INC. (Exact name of registrant as specified in its charter) Delaware 16-0442930 (State or other juris ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-37815 Chiron Real Estate Inc. (Exact name of registrant as specified in its charter) | Maryland | 46 ...

Foreign Exchange Risk - The company anticipates that a 5% appreciation of the Colombian Peso relative to the U.S. Dollar would lead to a $9.4 million decrease in net earnings based on results for the twelve months ended December 31, 2025 [280]. - Approximately 3.2% of consolidated revenues and 25% of costs and expenses are incurred in Colombian pesos, which mitigates some foreign exchange risk [280]. - A 1% devaluation of the Colombian peso would result in a loss of $0.4 million recorded in the company's Consolidated Statement of Operations as of December 31, 2025 [281]. Market Risk - The company is exposed to market risk related to volatility in aluminum prices, which are influenced by various uncontrollable factors [283]. - The company’s selling prices are based on the quoted price on the London Metals Exchange plus a manufacturing premium, aiming to align raw material costs with selling prices [283]. - The company has reduced its exposure to interest rate market risk, with only an immaterial portion of debt remaining exposed after recent repayments in 2024 [279]. Operational Risks - The company operates in competitive markets, and failure to maintain performance and quality standards could negatively impact financial results [17]. - The company relies on third-party suppliers for raw materials and transportation, which subjects it to risks that could adversely affect operations [17]. - The home building industry is regulated, and changes in building codes could negatively affect sales and results of operations [17]. - The company faces risks related to public health events, including potential disruptions from COVID-19 variants that could adversely affect operations [20].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | | FORM 10-K | | --- | --- | | (Mark One) | | | ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the fiscal year ended December 31, 2025 | | | OR | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | Commission file number: 1-34036 | | | JBT Marel Corporation | | | (Exact name of registrant as specified in its charter) | | Delaware | 91-1 ...

Taxation and Regulatory Risks - The company may be classified as a passive foreign investment company (PFIC) if 75% or more of its gross income is passive income, which could lead to adverse U.S. federal income tax consequences for U.S. holders of its ordinary shares [249]. - The company does not believe it was classified as a PFIC for the taxable year ended December 31, 2025, but this determination must be made annually and could change based on income and asset composition [249]. - Changes in tax laws or regulations could increase the costs of the company's solutions and harm its business, potentially requiring the company or its customers to pay additional taxes [251]. - The application of indirect taxes to online businesses is complex and evolving, and the company may face substantial tax liabilities if required to collect taxes in jurisdictions where it has not historically done so [256]. - The company is expanding its international operations, which may subject it to adverse tax consequences depending on the application of tax laws in various jurisdictions [259]. - The enactment of legislation implementing changes in taxation of international business activities could impact the company's future financial position and results of operations [260]. Shareholder and Market Dynamics - The company's share price may be volatile, influenced by various factors including market conditions and analyst expectations, which could lead to investment losses [262]. - If the company does not meet the expectations of equity research analysts, its share price could decline, particularly if analysts issue unfavorable commentary or downgrade its shares [264]. - As of February 14, 2026, insiders beneficially owned approximately 41.8% of the company's ordinary shares, potentially limiting other shareholders' influence on corporate matters [265]. - As of December 31, 2025, there were 86,962,202 ordinary shares outstanding, with all shares freely transferable except those held by affiliates [270]. - The company had 8,360,757 shares available for future grants under its 2021 Plan, which increased to 12,708,867 shares as of January 1, 2026 [271]. - Future sales of ordinary shares in the public market could cause the market price of the shares to decline, impacting the company's ability to raise capital [268]. Operational and Geopolitical Risks - Conditions in Israel, including ongoing regional conflicts, may adversely affect the company's operations and limit its ability to market products, potentially leading to decreased revenues [285]. - The ongoing military conflicts in Israel have led to a deterioration of the country's economic standing, including credit rating downgrades by Moody's, S&P Global, and Fitch [288]. - The war has resulted in significant disruptions to operations, with many employees called to active military duty, potentially affecting business continuity [289]. - Cyberattacks on Israeli organizations and infrastructure may lead to increased operational costs and risks to employee safety, impacting financial performance [290]. - The global perception of Israel may result in increased sanctions and boycotts against Israeli companies, adversely affecting business operations [292]. - The volatile geopolitical situation in the region poses ongoing risks to business operations and access to capital [288]. - The ongoing geopolitical tensions, particularly the conflict between Russia and Ukraine, could disrupt the company's operations and increase costs [311]. Growth and Acquisition Strategies - The company has acquired three companies in 2025 and one additional company in Q1 2026 to enhance its platform and product offerings [305]. - Market opportunity estimates and growth forecasts are subject to significant uncertainty, and the company may not grow at similar rates as the market [302]. - The company may face challenges in identifying desirable acquisition targets, which could result in dilutive equity issuances or increased debt [306]. - Israeli corporate law provisions may delay or prevent acquisitions, impacting shareholder interests and company control [297]. - The company’s amended articles of association require a 65% shareholder vote for certain significant decisions, which may limit flexibility in governance [300]. Financial Position and Risks - The company is exposed to market risks from changes in exchange rates, interest rates, and inflation, which arise in the ordinary course of business [501]. - A hypothetical 10% change in foreign currency exchange rates would impact the company's net loss by $9.8 million and $11.2 million for the years ended December 31, 2024 and 2025, respectively [502]. - As of December 31, 2024 and 2025, the company had cash and cash equivalents of $74.4 million and $78.8 million, respectively, which are held for working capital purposes [503]. - The company had no outstanding borrowings under the SVB LSA as of December 31, 2025, with a variable interest rate that could be affected by changes in the prime rate [504]. - The company does not believe inflation has had a material effect on its historical results, but significant inflationary pressures could adversely affect its financial condition and results of operations [505]. - Litigation risks could harm the company's reputation and adversely affect its financial condition and cash flows [308]. Corporate Governance and Compliance - The company is classified as an "emerging growth company," allowing it to delay adopting new accounting standards until they apply to private companies [272]. - The company may lose its "foreign private issuer" status, which could result in significant additional costs and compliance requirements [278]. - The company is subject to evolving corporate governance and public disclosure regulations regarding environmental, social, and governance (ESG) matters, which could increase expenses and management attention [315]. - Compliance with varying ESG requirements across jurisdictions adds operational complexity and potential costs, impacting the company's reputation and access to capital markets [317].