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 001-14818 FEDERATED HERMES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-1111467 (State or other jurisdiction of inco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 8-K _________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): February 27, 2026 ___________________________________ Sable Offshore Corp. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State or other jurisdiction of incorporation or organization) 001-4 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 8-K _________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): February 27, 2026 ___________________________________ Sable Offshore Corp. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State or other jurisdiction of incorporation or organization) 001-4 ...

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 1-15202 W. R. BERKLEY CORPORATION (Exact name of registrant as specified in its charter) | 22-1867895 | | --- | | Delaware | (State or o ...

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 001-32195 ___________________________ GENWORTH FINANCIAL, INC. (Exact name of registrant as specified in its charter) ____________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended January 31, 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 001-09186 Toll Brothers, Inc. (Exact name of registrant as specified in its charter) | Delaware | | | 23-2416878 | | --- | --- | - ...

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 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ 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 1-12297 Penske Automotive Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

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: 001-41951 AMERICAN HEALTHCARE REIT, INC. (Exact name of registrant as specified in its charter) | Maryland | 47-288743 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Delaware 61-1678417 (State or other jurisdiction of incorporation or organization) 555 West Adams, Chicago, Illinois 60661 (Address of principal executive offices) (Zip Code) 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 transit ...

Financial Performance - The company reported a revenue of $8,000 million for the quarter, reflecting a significant increase compared to previous periods[1]. - The company provided a future outlook with a revenue guidance of $7,250 million for the next quarter, indicating a 5% increase from the current quarter[3]. - New product launches are expected to contribute an additional $3,750 million in revenue over the next fiscal year[4]. - The company recognized a $29.5 million gain on marketable securities and dividend income of $1.7 million for the year ended December 31, 2025[96]. - The company recorded a $25.2 million loss on marketable securities and dividend income of $9.3 million for the year ended December 31, 2024[96]. Debt and Equity - As of December 31, 2025, total debt is $1,177,782 thousand, which will increase to $1,257,782 thousand after adjustments for the drawdown of $80 million and stock repurchases[25][28]. - The company has a total stockholders' equity of $3,795,577 thousand as of December 31, 2025, which will adjust to $3,789,630 thousand[25]. - The company plans to redeem senior unsecured notes due 2028 for approximately $273.9 million on March 2, 2026[28]. - The aggregate remaining purchase price for newbuilding vessels under construction is approximately $1.9 billion as of February 25, 2026[98]. - The major stockholder, DIL, owns approximately 52.4% of the outstanding shares, allowing it to control significant corporate actions and potentially conflict with other stockholders' interests[187]. Charter and Revenue Generation - The company has contracted cash operating revenues of $4.3 billion from charter contracts, with an average remaining charter duration of 4.3 years[210]. - Approximately 66% of the company's revenues in 2025 were generated from six customers, with 21% from CMA CGM and 16% from MSC[56]. - The company operates 75 containerships, with 66% of revenues in 2025 coming from six liner companies, indicating a high customer concentration risk[48]. - The company is positioned to benefit from stable charter rates, ensuring consistent revenue streams[215]. - The company has multiple vessels with charter contracts expiring between 2026 and 2029, with gross charter rates ranging from $16,000 to $36,275 per day[217]. Market Conditions and Risks - The company faces risks from volatile charter rates and global economic conditions, which could adversely affect profitability and growth[32][39]. - If global economic conditions weaken, particularly in major markets like Europe and the U.S., it could materially adversely affect the company's business and financial condition[60]. - The uncertainty surrounding U.S.-China trade relations may materially affect global economic conditions and significantly reduce global trade, adversely impacting freight and charter rates[67]. - Increased interest rates and tighter lending standards in the shipping industry may affect the availability of financing, impacting the company's ability to meet obligations[63]. - The company is exposed to risks related to interest rate volatility and compliance with financial covenants in its credit facilities[33]. Operational Challenges - The company faces challenges in securing profitable employment for its vessels in the containership and drybulk charter markets, which could adversely affect cash flow[47]. - The company is exposed to volatility in interest rates, particularly SOFR, which has increased significantly in recent years, potentially affecting earnings and cash flow[125]. - The limited supply of qualified crew due to geopolitical factors has increased crewing costs, which may adversely affect fleet utilization and profitability[102]. - The company does not currently carry loss of hire insurance, which could result in material adverse effects on business and financial condition during extended vessel off-hire periods[154]. - Compliance with environmental regulations, such as the MARPOL sulfur cap of 0.5%, may incur additional costs and affect the resale value of vessels[129]. Strategic Initiatives - The company aims to expand relationships with existing charterers and acquire additional containerships, facing substantial competition from established companies and new entrants[78]. - The company is exploring strategic partnerships to enter new markets, particularly in Asia and Europe, to diversify its revenue sources[216]. - The company plans to enhance its digital services, aiming for a 20% increase in subscription revenue by the end of the fiscal year[8]. - The company is actively pursuing mergers and acquisitions to enhance market share, with a target of completing at least one acquisition by the end of 2024[216]. - New technology initiatives are underway to enhance operational efficiency, with an expected reduction in fuel costs by 5% through innovative fuel management systems[216]. Fleet and Asset Management - The average age of the current fleet of 75 containerships is approximately 15.2 years, and the average age of 11 Capesize bulk carriers is approximately 15.3 years, which may lead to increased operating costs in the future[101]. - The company has ordered 35 newbuilding containerships since the beginning of 2022, with 27 yet to be delivered, and has also ordered four Newcastlemax drybulk vessels[88]. - The company acquired 11 secondhand Capesize drybulk vessels since 2023, including one expected to be delivered in March 2026[88]. - The company operates its drybulk vessels primarily on short-term time charters and voyage charters, exposing it to fluctuations in spot market rates[214]. - The company has a diverse customer base for its containerships, including major global companies like CMA CGM, MSC, and Maersk[209].