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 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 1-10890 HORACE MANN EDUCATORS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

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 Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identi ...

Dividends and Capital Requirements - United Bank's dividends are primarily sourced from its liquidity, with regulatory limitations imposed by the Federal Reserve Board on the total dividends declared[70]. - The Federal Reserve Board has discouraged maximum allowable dividend payment ratios unless asset quality and capital are very strong, impacting United's dividend policy[71]. - United's ability to pay dividends may be adversely affected by limitations on receiving dividends from United Bank, which could impact liquidity[70]. - Future cash dividend payments depend on United's earnings, liquidity, and regulatory climate, with restrictions imposed by the Federal Reserve Board[169]. - As of December 31, 2025, approximately $510.1 million was available for dividend payments from United Bank to United without regulatory approval[170]. - United and United Bank must comply with Basel III Capital Rules, requiring a minimum Common Equity Tier 1 (CET1) ratio of 4.5% plus a 2.5% capital conservation buffer, totaling 7.0%[84]. - The Basel III Capital Rules require United and United Bank to maintain a minimum Tier 1 capital ratio of 6.0% plus the capital conservation buffer, totaling 8.5%[84]. Regulatory Environment - The FDIC increased the initial base deposit insurance assessment rates for insured depository institutions by 2 basis points starting in 2023, raising insurance costs for United Bank[76]. - A special assessment was implemented by the FDIC to recover losses associated with protecting uninsured depositors, with an annual rate of approximately 13.4 basis points for eight quarterly assessment periods[77]. - The Community Reinvestment Act (CRA) requires United Bank to meet the credit needs of its market areas, with a "Satisfactory" rating received in its most recent evaluation[94]. - United Bank is subject to limitations on deposit acquisitions in West Virginia, where it cannot control more than 25% of total deposits held by insured depository institutions in the state[94]. - The CFPB reduced its staff by over 80% during 2025, impacting banking organizations like United Bank, with uncertain regulatory consequences[98]. - The Anti-Money Laundering Act of 2020 introduced comprehensive reforms to U.S. bank secrecy and anti-money laundering laws, requiring additional rulemakings and reports[101]. - In August 2024, FinCEN extended anti-money laundering obligations to registered investment advisers, with the effective date delayed to January 1, 2028[102]. Business Risks - Changes in interest rates significantly affect United's net interest income, which is the difference between interest income earned and interest expense incurred[162]. - Potential acquisitions may disrupt United's business and dilute shareholder value, with risks including exposure to unknown liabilities and asset quality issues[163]. - Regulatory approvals for acquisitions may be delayed or denied due to compliance issues, impacting United's ability to pursue strategic opportunities[167]. - Stock price volatility can affect United shareholders' ability to resell common stock at attractive prices, influenced by market fluctuations and economic conditions[168]. - United's ability to raise additional capital will depend on market conditions and its financial performance, with potential adverse effects if capital cannot be raised when needed[176]. - The company faces risks from changes in accounting methods that could negatively impact its results of operations and financial condition[177]. - A significant portion of United's loan portfolio is secured by real property, which may expose the company to environmental liabilities and costs[180]. - Severe weather, natural disasters, and public health issues could significantly impact United's ability to conduct business and its financial condition[181]. - High inflation and economic downturns in the Mid-Atlantic and Southeast regions could deteriorate the quality of United's loan portfolio and reduce demand for its products[183]. - Climate-related risks may materially affect United's business and results of operations, including potential regulatory and compliance costs[184]. Cybersecurity and Risk Management - The company employs a layered approach to cybersecurity, with ongoing assessments and improvements to protect against evolving threats[190]. - The Chief Risk & Information Officer oversees the risk management function, reporting directly to the CEO and the Board Risk Committee[196]. - The Information Security department integrates with vendor management and disaster recovery, maintaining a formal cybersecurity program based on industry standards[200].

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 001-35721 DELEK LOGISTICS PARTNERS, LP (Exact name of registrant as specified in its charter) Delaware 45-5379027 (State or other jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 18 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 001-38142 DELEK US HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | | 35-2581557 | | --- | --- | --- | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x 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: 001-16853 SBA COMMUNICATIONS CORPORATION (Exact name of Registrant as specified in its charter) Florida 6 ...

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 001-32593 Global Partners LP (Exact name of registrant as specified in its charter) Delaware (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________________ FORM 10-K Capital City Bank Group, Inc. (Exact name of Registrant as specified in its charter) | 0-13358 | | --- | ☒ 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 ____________ Florid ...

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 January 3, 2026 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: 001-31829 CARTER'S, INC. (Exact name of registrant as specified in its charter) incorporation or organization) Delaware 13-39 ...

Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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: 1-8424 Sabine Royalty Trust (Exact name of registrant as specified in its charter) | Texas | 75-6297143 | | --- | --- | | ...