Annual reports can include some different features that truly resonate with investors. To 10-K wrap or not to 10-K wrap? That question is on the minds of many financial communications professionals this time of year.

A Form 10-K is the annual report required by the US Securities and Exchange Commission, providing a comprehensive summary of a public company's performance.

The practice of distributing so-called 10-K wraps - taking a Form 10-K and "wrapping" it with narrative materials - emerged in 2000 as ...