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: 001-36307 ___________________________ Installed Building Products, Inc. (Exact name of registrant as specified in its c ...

As filed with the Securities and Exchange Commission on February 26, 2026. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark one) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR 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 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 001-10315 ________________________________________________________ Encompass Health Corporation (Exact Name of Registrant as Specified in its ...

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 1-40144 APA CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

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 0-7087 ...

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 For the transition period from to Commission file number 000-10537 (Exact name of registrant as specified in its charter) (State of or other jurisdiction of incorporation or organization) ...

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: 1-13661 STOCK YARDS BANCORP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

Acquisition and Expansion - The company completed the acquisition of Bluegreen Vacations Holding Corporation for a total consideration of $1.6 billion, including net debt, on January 17, 2024[27]. - The company has signed a 10-year exclusive marketing agreement with Bass Pro, allowing it to market and sell vacation packages at Bass Pro Shops and Cabela's locations[50]. - The company has rebranded many properties acquired in the Diamond Acquisition and is continuing to rebrand properties from the Bluegreen Acquisition to Hilton Grand Vacations brands[29]. - The company plans to collaborate with Hilton on new timeshare development opportunities and expand marketing partnerships, but success is not guaranteed[152]. Membership and Sales Performance - As of December 31, 2025, the company had over 720,000 members across its Club offerings, providing access to over 9,000 properties within the Hilton system[30]. - For the year ended December 31, 2025, 74% of contract sales were to existing owners, an increase from 72% in the previous year[48]. - Sales from fee-for-service and just-in-time inventory accounted for 17% and 9% of contract sales, respectively, for the year ended December 31, 2025[44]. - Approximately 26% of contract sales for the year ended December 31, 2025, were from capital-efficient sources, highlighting the importance of developing or acquiring VOI inventory[173]. Financial Performance and Debt - The estimated contract sales value related to the company's inventory pipeline is $14.7 billion at current pricing as of December 31, 2025, with capital-efficient arrangements representing 35% of that supply[44]. - As of December 31, 2025, the company's total indebtedness was approximately $7.3 billion, with $2.7 billion classified as non-recourse debt[223]. - The company issued $850 million in 5.000% senior notes due 2029 and $500 million in 4.875% senior notes due 2031 as part of the Diamond Acquisition[223]. - The company’s substantial debt could require a significant portion of cash flow from operations to be allocated to debt payments, limiting funds available for operations and growth[223]. Operational Strategy and Market Position - The company operates over 100 sales distribution centers in various domestic and international locations, enhancing its market reach[49]. - The company focuses on enhancing its inventory strategy through developed properties and fee-for-service agreements, allowing for capital-efficient transactions[43]. - The company faces competition from major players in the timeshare industry, including Marriott Vacations Worldwide and Disney Vacation Club, as well as alternative accommodation options like home-sharing services[66][68]. - The reliance on Hilton's brand and loyalty program is critical; any deterioration in brand reputation or changes in the license agreement could materially harm business operations and revenue[148]. Regulatory and Compliance Issues - The company is subject to various regulations impacting real estate development, marketing, and consumer financing activities, which may affect operational flexibility[72][74]. - The company has implemented procedures to comply with federal and state telemarketing regulations, including maintaining a "do not call" list[78]. - Compliance with evolving privacy laws and regulations incurs significant costs, which may increase in the future, potentially impacting service delivery[198]. - Non-compliance with laws and regulations could lead to substantial costs, legal liabilities, and operational disruptions[203]. Team and Training - As of December 31, 2025, the company employed over 22,300 team members across its timeshare resorts, call centers, sales centers, and corporate locations globally[84]. - In 2025, team members completed over 309,000 training courses totaling 159,000 training hours, with over 111,000 course completions dedicated to compliance training[88]. - Approximately 69% of team members are enrolled in health and well-being programs, which include medical, dental, vision, and various voluntary benefits[89]. - The company has established 12 Team Member Resource Groups to promote diversity and inclusion within its workforce[87]. Economic and Market Risks - The timeshare industry is sensitive to macroeconomic factors, with demand potentially decreasing during economic contractions or low growth periods, adversely affecting revenues and profitability[136]. - Fixed costs such as personnel, interest, and utilities may not decrease during economic downturns, which could negatively impact financial performance if demand declines[136]. - Economic factors such as inflation and consumer discretionary spending levels are critical to the demand for timeshare products, impacting overall business performance[136]. - The company faces significant risks related to cybersecurity, including potential disruptions from cyber-attacks that could adversely affect its reputation and financial performance[196]. Technology and Cybersecurity - The company must continuously update its technology and systems to remain competitive, as failure to do so could impair operations and reputation[192]. - The integrity and protection of customer and employee data are critical, and any significant data breaches could lead to reputational damage and substantial remedial costs[197]. - The company has insurance coverage for cybersecurity risks, but it may not be sufficient to cover all potential losses from cyber incidents[200]. - There has been an increase in the sophistication of cyber-attacks, with adversaries leveraging artificial intelligence technologies, which poses ongoing threats to the company's information systems[196].

NEWS RELEASE CONTACT: Kent Yee Senior Vice President, CFO www.dxpe.com THE INDUSTRIAL DISTRIBUTION EXPERTS DXP ENTERPRISES, INC. REPORTS FOURTH QUARTER AND FISCAL 2025 RESULTS Houston, TX – February 25, 2026 – DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2025. The following are results for the three and twelve months ended December 31, 2025, compared to the three and twelve months ended December 31, 2024. A reconciliation of ...

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 Commission File No. 001-31720 PIPER SANDLER COMPANIES (Exact Name of Registrant as specified in its Charter) Delaware 30-0168701 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 350 North 5th Street, Suite 1000 Minneapolis, Minnesota 55401-5711 (Addre ...