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 | | --- | --- | | ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) þ 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 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ The aggregate market value of the registrant's commo ...

Revenue and Financial Performance - Revenue charges of approximately $422 million in 2025 are driven by one-time commercial actions to prepare the India commercial business for sale[24]. - At December 31, 2025, FMC's net financial instrument position was a net liability of $9.5 million, a change from a net asset of $34.1 million at December 31, 2024[338]. - As of December 31, 2025, the net asset position was $(9.5) million, compared to a net asset position of $34.1 million at December 31, 2024[341]. Asset Management - Long-lived assets decreased from $5,171.2 million in 2024 to $3,512.6 million in 2025, with significant declines in Europe, Middle East, and Africa (from $3,685.4 million to $2,357.9 million) and Latin America (from $278.8 million to $187.6 million)[27]. - The debt portfolio composition at December 31, 2025, consisted of 82% fixed-rate debt and 18% variable-rate debt[343]. Research and Development - The company has a robust R&D pipeline featuring 16 new active areas in discovery and 19 new active ingredients in development[43]. - FMC's R&D focuses on environmentally sound solutions, with continuous investment in high-quality equipment at facilities like the FMC Stine Research Center[62]. Product Portfolio - The core portfolio includes Rynaxypyr active, generating approximately $0.8 billion in annual revenues for 2025, with a pipeline of eleven new products expected to launch this decade[42]. - The growth portfolio includes Cyazypyr active, which generated revenues of approximately $0.4 billion in 2025, with seven new products expected to launch this decade[44]. Sustainability and Environmental Goals - The company aims for net-zero GHG emissions and has established multiple sustainability goals, including waste and water management[71]. - FMC is committed to phasing out Highly Hazardous Pesticides (HHPs), which accounted for approximately 0.1% of total sales in 2025[72]. Safety and Workforce - As of December 31, 2025, FMC employed approximately 5,500 people, with 39% in Asia and 21% in North America[65]. - FMC's Total Recordable Incident Rate (TRIR) is 0.1491, placing it in the top decile of peer companies in North America for safety performance[70]. Risk Management - The primary currencies for FMC's exchange rate exposure include the U.S. dollar against the Brazilian real, Chinese yuan, and euro[339]. - FMC's risk management program includes the use of derivative contracts to minimize exposure to commodity prices, interest rates, and foreign currency exchange rates[336]. Competitive Strategy - FMC's competitive strategy includes providing advanced technology and high product quality while maintaining cost efficiency[60]. - FMC's growth strategy focuses on developing environmentally compatible solutions and acquiring complementary technologies to enhance its product portfolio[39]. Patent and Legal Matters - The company owns approximately 162 active granted U.S. patents and 2,133 active granted foreign patents as of December 31, 2025[48]. - FMC has initiated several patent enforcement proceedings against generic producers, resulting in favorable judgments and settlements in multiple countries[52]. - Atticus LLC settled a patent dispute with FMC, allowing commercialization of CTPR-containing products[55]. Investments and Collaborations - FMC Ventures continued to support collaborations and investments in start-ups focusing on disruptive technologies in 2025[41]. - The Arc™ farm intelligence platform is now available in over 25 countries across 20 million acres, helping farmers manage pest pressure more efficiently[40].

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 001-36434 FIRST MID BANCSHARES, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

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 620 Eighth Avenue, New York, New York 10018 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 1-5837 THE NEW YORK TIMES COMPANY (Address and zip code of principal executive offices) (Exact name ...

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 001-38462 ____________ ...

Revenue Growth - Total revenue increased by $504.7 million or 9.4% to $5.9 billion in 2025 compared to $5.4 billion in 2024, driven by a 5.0% increase in store weeks and a 4.9% increase in comparable restaurant sales [284]. - Total revenue increased to $5,878.1 million in 2025, up from $5,373.3 million in 2024, representing a growth of 9.4% [290]. - Restaurant and other sales increased by 9.5% in 2025 compared to 2024, driven by a 5.0% increase in store weeks and a 4.9% increase in comparable restaurant sales [295]. Restaurant Operations - The company opened 28 new company restaurants in 2025, including 20 Texas Roadhouse, 7 Bubba's 33, and 1 Jaggers restaurant, while franchise partners opened 4 restaurants [262]. - The company operates 816 restaurants across 49 states, one U.S. territory, and ten foreign countries as of December 30, 2025 [255]. - The company continues to evaluate opportunities for restaurant development in both existing and new markets, focusing on areas with significant demand [258]. - The average unit volume represents the average annual restaurant sales for Texas Roadhouse and Bubba's 33 restaurants, indicating that newer restaurants may have lower sales growth compared to the company average [272]. - Comparable restaurant sales growth was attributed to increased guest traffic and higher per person average check amounts [284]. Financial Performance - Net income decreased by $28.0 million or 6.5% to $405.6 million in 2025 compared to $433.6 million in 2024, primarily due to lower restaurant margin dollars and higher depreciation and amortization expenses [285]. - Restaurant margin dollars decreased by $10.1 million or 1.1% to $905.7 million in 2025, with restaurant margin as a percentage of sales dropping to 15.5% from 17.1% in 2024 [286]. - Net cash provided by operating activities was $730.1 million in 2025, down from $753.6 million in 2024, primarily due to decreased net income [325]. Cost Management - Food and beverage costs as a percentage of restaurant sales increased to 35.0% in 2025 from 33.4% in 2024, primarily due to commodity inflation of 6.1% [304]. - The company maintains a focus on improving restaurant-level profitability through pricing strategies and operational standards related to food and service quality [262]. - General and administrative expenses decreased to 3.9% of total revenue in 2025 from 4.2% in 2024, driven by increased average unit volume and lower incentive compensation [314]. Capital Allocation - Capital allocation in 2025 included capital expenditures of $388.0 million, franchise acquisitions of $107.5 million, dividends of $180.3 million, and stock repurchases of $150.0 million [287]. - The stock repurchase program approved on February 19, 2025, allows for the repurchase of up to $500 million of common stock, replacing the previous $300 million program [264]. - In 2025, the company repurchased 869,007 shares of common stock for $150 million, totaling $913.3 million spent on repurchases since inception [265]. - The company plans to satisfy capital requirements over the next 12 months with cash on hand and expects capital expenditures of approximately $400 million in 2026 [331]. Dividends - The quarterly cash dividend declared on February 18, 2026, was $0.75 per share, representing a 10% increase compared to the prior year [266]. - The Board authorized a quarterly dividend of $0.68 per share in 2025, an increase from $0.61 per share in 2024, with total dividend payments of $180.3 million in 2025 [332]. Market Risks - The company has been operating during periods of inflation, primarily driven by commodity and labor inflation, with some impacts offset by menu price increases [352]. - The company is exposed to market risk from changes in interest rates on variable rate debt, with no outstanding borrowings on its credit facility as of December 30, 2025 [353]. - The beef supply is highly dependent on four vendors, representing a significant portion of the total beef marketplace, posing a risk of supply shortages or higher costs [355]. Other Financial Metrics - Interest income, net decreased to $3.1 million in 2025 from $6.8 million in 2024 due to reduced earnings on cash and cash equivalents [315]. - Equity income from investments in unconsolidated affiliates increased to $2.9 million in 2025 from $1.2 million in 2024, driven by a $2.2 million gain from the acquisition of six affiliates [316]. - The effective tax rate decreased to 13.8% in 2025 from 15.3% in 2024, influenced by an increase in the FICA tip tax credit [317]. - Impairment and closure costs, net were $0.3 million in 2025, down from $1.2 million in 2024, with 2025 costs related to restaurant relocations [313]. - The company performed a qualitative assessment and identified no indicators of impairment for the Texas Roadhouse reporting unit [351].

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 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-32514 DIAMONDROCK HOSPITALITY COMPANY (Exact Name of Registrant as Specified in Its Charter) Maryland 20-1180098 (State of Incorporation) (I.R.S. Employer Ident ...

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 1-38494 Arcosa, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification ...