UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Commission File Number 000-21522 8800 Enchanted Way, S.E., Turner, Oregon 97392 (Address of principal executive offices) (Zi ...

Part I - Financial Information [Financial Statements](index=4&type=section&id=Item%201%20-%20Financial%20Statements) The unaudited interim financial statements show increased assets due to a new lease standard but significantly decreased net income [Balance Sheets](index=4&type=section&id=Balance%20Sheets) Total assets grew to $65.4 million, driven by the adoption of a new lease accounting standard which also increased liabilities Balance Sheet Summary (Unaudited) | Metric | June 30, 2019 | December 31, 2018 | | :--- | :--- | :--- | | **Total Current Assets** | $26,760,191 | $28,634,329 | | **Total Assets** | $65,354,516 | $61,482,536 | | **Total Current Liabilities** | $3,921,289 | $5,395,262 | | **Total Liabilities** | $17,007,861 | $13,922,268 | | **Total Shareholders' Equity** | $48,346,655 | $47,560,268 | - The company adopted a new lease accounting standard (ASU 2016-02) on January 1, 2019, resulting in the recognition of approximately **$5.0 million in right-of-use assets** and corresponding lease liabilities on the balance sheet[8](index=8&type=chunk)[10](index=10&type=chunk)[22](index=22&type=chunk) [Statements of Operations](index=5&type=section&id=Statements%20of%20Operations) Net income for Q2 and the first six months of 2019 declined significantly due to lower gross profit and higher operating expenses Key Operating Results (Unaudited) | Metric | Q2 2019 | Q2 2018 | Six Months 2019 | Six Months 2018 | | :--- | :--- | :--- | :--- | :--- | | **Sales, Net** | $5,790,837 | $5,821,292 | $10,789,623 | $10,353,911 | | **Gross Profit** | $3,498,358 | $3,722,106 | $6,778,994 | $6,612,350 | | **Income from Operations** | $596,431 | $1,178,905 | $1,160,869 | $1,651,249 | | **Net Income** | $359,911 | $803,255 | $786,387 | $1,133,710 | | **Income per Common Share** | $0.02 | $0.11 | $0.06 | $0.13 | [Statements of Shareholders' Equity](index=6&type=section&id=Statements%20of%20Shareholders'%20Equity) Shareholders' equity increased to $48.3 million, primarily driven by net income partially offset by preferred stock dividends - For the six months ended June 30, 2019, retained earnings increased by $273,483, reflecting **net income of $786,387** less preferred stock dividends of $512,904[14](index=14&type=chunk)[16](index=16&type=chunk) [Statements of Cash Flows](index=7&type=section&id=Statements%20of%20Cash%20Flows) Positive operating cash flow was offset by investing and financing activities, resulting in a $1.5 million net decrease in cash Cash Flow Summary (Six Months Ended June 30) | Cash Flow Activity | 2019 | 2018 | | :--- | :--- | :--- | | **Net cash from operating activities** | $513,213 | $47,067 | | **Net cash from investing activities** | ($1,620,884) | ($3,002,919) | | **Net cash from financing activities** | ($383,154) | $178,321 | | **Net change in cash** | ($1,490,825) | ($2,777,531) | | **Cash at end of period** | $8,246,642 | $10,998,726 | [Notes to Unaudited Interim Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Interim%20Financial%20Statements) Notes detail the material impact of a new lease standard, segment performance, and outstanding long-term debt agreements - The company adopted ASU 2016-02 (Leases) on January 1, 2019, recognizing a **right-of-use asset of approximately $5.0 million**, which had a material impact on the Balance Sheet[22](index=22&type=chunk)[42](index=42&type=chunk) - The company operates two segments: Direct Sales and Distributor Sales, which accounted for **37.8% and 62.2% of total sales**, respectively, for the first six months of 2019[34](index=34&type=chunk)[37](index=37&type=chunk) - As of June 30, 2019, the company had two long-term debt agreements with Farm Credit Services with an aggregate outstanding balance of **$6,616,111**[30](index=30&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=14&type=section&id=Item%202%20-%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a 55.2% drop in Q2 net income due to lower gross profit and higher SG&A, despite six-month revenue growth [Overview](index=16&type=section&id=Overview) The company is pursuing strategic growth which may impact near-term results, while wine sales and club memberships show growth - The company is positioning for strategic growth, which is expected to **negatively impact near-term financial results** due to costs of accrued preferred stock dividends and development activities[61](index=61&type=chunk) - Direct-to-consumer sales are more profitable than sales through distributors, and **wine club membership grew by 2.8%** to 7,679 members in the first six months of 2019[63](index=63&type=chunk) - Total wine sales **increased by 2.1% to approximately 68,997 cases** for the six months ended June 30, 2019, compared to the same period in 2018[65](index=65&type=chunk) [Results of Operations](index=18&type=section&id=Results%20of%20Operations) Q2 revenue dipped slightly due to a distributor issue, while higher product costs and SG&A expenses drove down net income Q2 2019 vs Q2 2018 Performance | Metric | Q2 2019 | Q2 2018 | Change (%) | | :--- | :--- | :--- | :--- | | **Sales Revenue** | $5,790,837 | $5,821,292 | -0.5% | | **Gross Profit** | $3,498,358 | $3,722,106 | -6.0% | | **SG&A Expense** | $2,901,927 | $2,543,201 | +14.1% | | **Net Income** | $359,911 | $803,255 | -55.2% | - The decrease in Q2 revenue from distributor sales was primarily attributed to a distributor not reordering wine due to **software conversion issues**[82](index=82&type=chunk) - The increase in cost of sales was primarily due to **higher costs associated with the newly released 2017 vintage**[83](index=83&type=chunk) [Liquidity and Capital Resources](index=20&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity position with $22.8 million in working capital despite a cash decrease from investments - The company had a **working capital balance of $22.8 million** and a cash balance of $8,246,642 as of June 30, 2019[91](index=91&type=chunk) - Cash used in investing activities totaled **$1,620,884** for the first six months of 2019, primarily for property, equipment, and vineyard development[93](index=93&type=chunk) - The company has a **$2,000,000 line of credit** with Umpqua Bank, which had no outstanding balance as of June 30, 2019[95](index=95&type=chunk)[96](index=96&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=20&type=section&id=Item%203%20%E2%80%93%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exempt from this disclosure requirement as it qualifies as a smaller reporting company - The company is not required to provide quantitative and qualitative disclosures about market risk because it qualifies as a **smaller reporting company**[100](index=100&type=chunk) [Controls and Procedures](index=20&type=section&id=Item%204%20-%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of the end of the reporting period[101](index=101&type=chunk) - **No material changes** to the company's internal control over financial reporting occurred during the quarter ended June 30, 2019[102](index=102&type=chunk) Part II - Other Information [Legal Proceedings](index=20&type=section&id=Item%201%20-%20Legal%20Proceedings) Ongoing legal proceedings are not expected to have a material adverse effect on the company's financial condition - Management believes that any potential liability from ongoing legal proceedings is **not likely to have a material effect** on the company's financial condition or results[103](index=103&type=chunk) [Risk Factors](index=21&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) No material changes have been made to the risk factors previously disclosed in the 2018 Annual Report on Form 10-K - The risk factors have **not materially changed** as of June 30, 2019, from those disclosed in the 2018 Annual Report on Form 10-K[105](index=105&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=21&type=section&id=Item%202%20-%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no unregistered sales of equity securities during the period - None[106](index=106&type=chunk) [Defaults Upon Senior Securities](index=22&type=section&id=Item%203%20-%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities during the period - None[107](index=107&type=chunk) [Mine Safety Disclosures](index=22&type=section&id=Item%204%20%E2%80%93%20Mine%20Safety%20Disclosures) This disclosure requirement is not applicable to the company's operations - Not applicable[108](index=108&type=chunk) [Other Information](index=22&type=section&id=Item%205%20%E2%80%93%20Other%20Information) The company has no other information to report for the period - None[109](index=109&type=chunk) [Exhibits](index=22&type=section&id=Item%206%20%E2%80%93%20Exhibits) This section lists all exhibits filed with the report, including required CEO and CFO certifications - The report includes required certifications from the CEO and CFO (Rule 13a-14(a) and Section 906 of Sarbanes-Oxley) and financial data formatted in XBRL[110](index=110&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT Commission File Number 000-21522 WILLAMETTE VALLEY VINEYARDS, INC. (Exact name of registrant as specified in charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Oregon 93- ...

PART I [Business](index=4&type=section&id=Item%201.%20Business) Willamette Valley Vineyards (WVV) produces premium wines, primarily Pinot Noir, through direct and distributor sales, focusing on brand recognition and direct-to-consumer growth - The company operates through two primary segments: **direct sales**, which includes retail and wine club sales, and **distributor sales**, which involve selling at wholesale rates to third parties[17](index=17&type=chunk) - WVV's brand portfolio includes Willamette Valley Vineyards, Griffin Creek, Tualatin Estate, Pambrun, Maison Bleue, and Elton, with **Pinot Noir** being the flagship varietal[16](index=16&type=chunk)[18](index=18&type=chunk) - The company's strategy focuses on producing **high-quality wines**, achieving **brand recognition**, effective national distribution, and growing its **direct-to-consumer sales base**[39](index=39&type=chunk) Vineyard Acreage Summary | Vineyard Type | Total Acres | Producing Acres | Pre-Production Acres | Plantable Acres | | :--- | :--- | :--- | :--- | :--- | | **Owned** | 599 | 201 | 59 | 149 | | **Leased** | 315 | 169 | 99 | 32 | | **Contracted** | 225 | 225 | - | - | | **Total** | **1,139** | **595** | **158** | **181** | Annual Grape Harvest and Wine Production | Harvest Year | Total Tons Harvested | Cases Produced | | :--- | :--- | :--- | | **2017** | 3,253 | 151,332 | | **2018** | 1,986 | 164,590 | - In 2018, sales to a single distributor accounted for approximately **21.0%** of the company's total revenue, up from **18.2%** in 2017, indicating a significant customer concentration[88](index=88&type=chunk) [Risk Factors](index=14&type=section&id=Item%201A.%20Risk%20Factors) The company faces agricultural, financial, market, and regulatory risks, including intense competition and dependence on distributors - Agricultural risks include diseases, pests like **phylloxera** (present at Tualatin Estate Vineyards), and **adverse weather conditions** like unpredictable rainfall and wildfire smoke, which can impact grape quantity and quality[101](index=101&type=chunk)[102](index=102&type=chunk)[104](index=104&type=chunk) - The company faces **intense competition** from large domestic and foreign wineries that have greater financial, marketing, and distribution resources[110](index=110&type=chunk) - Dependence on **independent distributors** for a substantial portion of revenue presents a risk, as changes in these relationships or distributor consolidation could harm business[112](index=112&type=chunk) - Changes in **consumer spending**, potential declines in demand for **premium wines**, and **increased regulation or excise taxes** on alcoholic beverages could adversely affect financial results[116](index=116&type=chunk)[117](index=117&type=chunk)[118](index=118&type=chunk) - The company's common stock is **thinly traded**, which results in **lower liquidity** for shareholders[122](index=122&type=chunk) [Unresolved Staff Comments](index=20&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - There are **no unresolved staff comments**[131](index=131&type=chunk) [Properties](index=20&type=section&id=Item%202.%20Properties) The company owns or leases 914 acres, with primary production facilities having a combined capacity of 248,000 cases annually - The company owns or leases **914 acres**, of which **370 are productive vineyards** and **339 are pre-productive or suitable for future planting**[132](index=132&type=chunk) - The Estate Winery has a production capacity of up to **220,000 cases** annually, while the Tualatin Estate Winery provides an additional **28,000 cases** of capacity[133](index=133&type=chunk)[134](index=134&type=chunk) [Legal Proceedings](index=20&type=section&id=Item%203.%20Legal%20Proceedings) The company is not a party to any material legal proceedings - There are **no material legal proceedings** pending against the Company[137](index=137&type=chunk) [Mine Safety Disclosures](index=20&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - **Not applicable**[138](index=138&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=20&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on NASDAQ under 'WVVI', with no common stock dividends paid, but preferred stock dividends were issued - The Company's common stock is traded on the **NASDAQ Capital Market** under the symbol "**WVVI**"[140](index=140&type=chunk) - **No dividends** have been paid on common stock, and none are anticipated in the foreseeable future. A dividend of **$0.22 per share** was paid on Preferred Stock on December 30, 2018[143](index=143&type=chunk)[144](index=144&type=chunk) 2018 Common Stock Price Range | Quarter Ended | High ($) | Low ($) | | :--- | :--- | :--- | | **12/31/2018** | 7.97 | 6.66 | | **9/30/2018** | 8.55 | 7.88 | | **6/30/2018** | 8.55 | 7.85 | | **3/31/2018** | 8.37 | 7.82 | [Selected Financial Data](index=21&type=section&id=Item%206.%20Selected%20Financial%20Data) This section is not required for smaller reporting companies - **Not required**[148](index=148&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Net sales increased 10.7% to $23.1 million in 2018, while net income decreased 4.5% to $2.9 million due to higher tax provisions, despite improved gross margin and strong liquidity Key Financial Results (2018 vs. 2017) | Metric | 2018 | 2017 | Change (%) | | :--- | :--- | :--- | :--- | | **Sales, Net** | $23,079,739 | $20,853,527 | 10.7% | | **Gross Profit** | $14,781,499 | $12,881,851 | 14.7% | | **Income from Operations** | $4,182,715 | $3,636,044 | 15.0% | | **Net Income** | $2,858,580 | $2,993,779 | -4.5% | | **Income per Common Share** | $0.37 | $0.46 | -19.6% | - The decrease in net income was primarily caused by a **138.8% increase** in the provision for income taxes, as the 2017 provision was unusually low due to the one-time effects of the Tax Cuts and Jobs Act[181](index=181&type=chunk) - Total wine case sales increased by **8.7%** to **146,300 cases** in 2018 from **134,600** in 2017, mainly due to increased shipments to distributors[162](index=162&type=chunk)[188](index=188&type=chunk) EBITDA Reconciliation (2018 vs. 2017) | Metric | 2018 | 2017 | | :--- | :--- | :--- | | **Net Income** | $2,858,580 | $2,993,779 | | Depreciation and amortization | $1,692,463 | $1,544,735 | | Interest Expense | $457,689 | $473,608 | | Interest Income | ($26,591) | ($25,257) | | Income tax expense | $1,081,006 | $452,726 | | **EBITDA** | **$6,063,147** | **$5,439,591** | - The company ended 2018 with a working capital balance of **$23.2 million** and cash of **$9.7 million**, with no outstanding borrowings on its **$2.0 million** line of credit[212](index=212&type=chunk)[215](index=215&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=30&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section is not required for smaller reporting companies - **Not required**[221](index=221&type=chunk) [Financial Statements and Supplementary Data](index=30&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited financial statements for 2018 and 2017, including balance sheets, income statements, cash flows, and detailed notes on accounting policies and segment performance [Financial Statements](index=32&type=section&id=Financial%20Statements) Financial statements show asset growth to $61.5 million, liability decrease to $13.9 million, and net income of $2.9 million in 2018 Balance Sheet Summary (as of Dec 31) | Metric | 2018 | 2017 | | :--- | :--- | :--- | | **Total Current Assets** | $28,634,329 | $30,437,992 | | **Total Assets** | $61,482,536 | $59,695,271 | | **Total Current Liabilities** | $5,395,262 | $6,434,883 | | **Total Liabilities** | $13,922,268 | $14,954,262 | | **Total Shareholders' Equity** | $47,560,268 | $44,741,009 | Statement of Income Summary (Year Ended Dec 31) | Metric | 2018 | 2017 | | :--- | :--- | :--- | | **Sales, Net** | $23,079,739 | $20,853,527 | | **Gross Profit** | $14,781,499 | $12,881,851 | | **Income from Operations** | $4,182,715 | $3,636,044 | | **Net Income** | $2,858,580 | $2,993,779 | Statement of Cash Flows Summary (Year Ended Dec 31) | Metric | 2018 | 2017 | | :--- | :--- | :--- | | **Net cash from operating activities** | $2,302,113 | $2,520,927 | | **Net cash from investing activities** | ($5,261,865) | ($3,915,412) | | **Net cash from financing activities** | ($1,079,038) | $9,464,391 | | **Net change in cash** | ($4,038,790) | $8,069,906 | [Notes to Financial Statements](index=36&type=section&id=Notes%20to%20Financial%20Statements) Notes detail accounting policies, financial components like inventories ($16.2 million) and debt ($6.8 million), and segment performance for direct and distributor sales - Inventories totaled **$16.2 million** at year-end 2018, with work-in-process (unbottled wine) at **$8.5 million** and finished goods at **$7.0 million**[289](index=289&type=chunk) - Long-term debt as of December 31, 2018, was **$6.8 million**, primarily with Northwest Farm Credit Services, with maturity dates extending to 2032[295](index=295&type=chunk) - The company has a stock incentive plan, but **no options were outstanding** at the end of 2018[301](index=301&type=chunk)[302](index=302&type=chunk) Segment Performance (Year Ended Dec 31, 2018) | Segment | Sales, net | Gross Margin | Contribution Margin | | :--- | :--- | :--- | :--- | | **Direct Sales** | $9,115,074 | $6,684,926 | $2,429,602 | | **Distributor Sales** | $13,964,665 | $8,096,573 | $5,961,908 | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=49&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes or disagreements with its accountants on financial disclosure - **None reported**[332](index=332&type=chunk) [Controls and Procedures](index=49&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2018 - Management concluded that as of December 31, 2018, the company's disclosure controls and procedures are **effective**[332](index=332&type=chunk) - Management assessed internal control over financial reporting based on the COSO framework and concluded that it was **effective** as of December 31, 2018[335](index=335&type=chunk) [Other Information](index=49&type=section&id=Item%209B.%20Other%20Information) The company reports no other information - **None**[338](index=338&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=50&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section outlines the company's executive leadership, board structure, code of ethics, and independent audit committee composition - Key executive officers are **James W. Bernau** (CEO & President) and **Richard F. Goward Jr.** (CFO)[340](index=340&type=chunk) - The company has a **Code of Ethics** applicable to its principal officers, available on its website[352](index=352&type=chunk) - The Audit Committee consists of **three independent directors**: Craig Smith, Sean Cary, and Stan G. Turel. **Craig Smith** is designated as the 'audit committee financial expert'[353](index=353&type=chunk)[354](index=354&type=chunk) [Executive Compensation](index=53&type=section&id=Item%2011.%20Executive%20Compensation) This section details 2018 executive compensation, including CEO James Bernau's $579,557 total and CFO Richard Goward Jr.'s $150,579 2018 Executive Compensation Summary | Name, Principal Position | Year | Salary | Bonus | Total Compensation | | :--- | :--- | :--- | :--- | :--- | | **James W. Bernau**, President, CEO | 2018 | $265,441 | $265,441 | $579,557 | | **Richard F. Goward Jr.**, CFO | 2018 | $128,944 | $15,315 | $150,579 | - CEO James Bernau's bonus is calculated as a percentage of **pre-tax income**, not to exceed his base salary[357](index=357&type=chunk) - Director compensation includes a **$1,000 yearly stipend**, fees for attending board and committee meetings (**$500 per in-person board meeting**), and a yearly wine allowance[362](index=362&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=54&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) This section details beneficial ownership, with CEO James Bernau holding 8.7% and all directors/officers holding 9.6% of common stock Security Ownership of Major Holders (as of March 21, 2019) | Name / Group | Number of Shares | Percent of Shares | | :--- | :--- | :--- | | **James W. Bernau** | 432,926 | 8.7% | | **Christopher Riccardi** | 385,485 | 7.8% | | **Carl D. Thoma** | 336,189 | 6.8% | | **All Directors and Executive Officers as a group** | 479,003 | 9.6% | [Certain Relationships and Related Transactions, and Director Independence](index=55&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) This section details a related party lease transaction with Elton Vineyards, LLC, and identifies independent directors - The company leases Elton Vineyards from Elton Vineyards, LLC, which is owned by former director Betty O'Brien. In 2018, payments under this lease totaled **$135,749**[368](index=368&type=chunk) - The Board of Directors has determined that **all directors are independent**, with the exception of CEO James W. Bernau and former employee James L. Ellis[371](index=371&type=chunk) [Principal Accounting Fees and Services](index=56&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) This section details fees paid to Moss Adams LLP for audit and tax services, totaling $238,500 in 2018 Accountant Fees (Moss Adams LLP) | Fee Type | 2018 | 2017 | | :--- | :--- | :--- | | **Audit fees** | $167,000 | $141,000 | | **Tax fees** | $71,500 | $38,940 | | **All other fees** | - | - | | **Total** | **$238,500** | **$179,940** | [Exhibits, Financial Statement Schedules](index=57&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all exhibits and financial statement schedules filed with the Form 10-K report - Lists **all financial statements, schedules, and exhibits** filed with the report[376](index=376&type=chunk) - Key exhibits include **corporate governance documents**, **employment agreements** for key executives, and required **CEO/CFO certifications**[379](index=379&type=chunk)