Pandemics
17 of 521 companies added a paragraph in Risk Factors that uses one of these words:
pandemic, COVID, epidemic, outbreak.
The paragraph is in the latest 10-K and nothing like it was in the one before.
It counts text; it does not say how serious a risk is. Words in capitals only (such as AI) must be in capitals.
By sector
Sector is the SEC's industry description of the company. Each count opens that sector's quotes below.
| Sector | Companies | Compared |
|---|---|---|
| Real Estate Operators (No Developers) & Lessors | 1 | 1 |
| Retail-Radio, Tv & Consumer Electronics Stores | 1 | 1 |
| Services-Misc Health & Allied Services, NEC | 1 | 1 |
| Rubber & Plastics Footwear | 1 | 2 |
| Operative Builders | 1 | 3 |
| Wholesale-Drugs, Proprietaries & Druggists' Sundries | 1 | 3 |
| Biological Products, (No Diagnostic Substances) | 1 | 5 |
| Services-Computer Programming, Data Processing, Etc. | 1 | 5 |
| National Commercial Banks | 2 | 11 |
| Investment Advice | 1 | 8 |
| Finance Services | 3 | 28 |
| Surgical & Medical Instruments & Apparatus | 1 | 10 |
| Fire, Marine & Casualty Insurance | 1 | 12 |
| Real Estate Investment Trusts | 1 | 27 |
20 paragraphs · Operative Builders show all sectors
Any epidemic, pandemic, or similar public health issue, including events like COVID-19, and the related governmental, regulatory, or private sector responses could adversely affect our operations, supply chain, workforce availability, customer demand, and ability to deliver products or services. Such events and responses could also contribute to broader macroeconomic effects, including inflation, labor shortages, changes in consumer behavior, and supply chain disruptions, which could further negatively impact our business, financial condition, and results of operations.
Read in the 10-K filed Feb 4, 2026 ↗
The extent to which future public health emergencies may affect our business will depend on a number of factors, including the duration and severity of the outbreak, the timing and effectiveness of containment measures, the impact on global and regional economic conditions, and our ability to adapt our operations in response to changing circumstances. Any of these factors, individually or in the aggregate, could have a material adverse impact on our consolidated financial statements.
Read in the 10-K filed Feb 4, 2026 ↗