This Note discusses the annual report to stockholders required by Rule 14a-3 under the Securities Exchange Act of 1934. This report is also known as a "glossy" annual report. This Note describes what information is contained in this annual report to stockholders, including financial, trading and corporate governance information. In addition, this Note discusses how the annual report is prepared and delivered to stockholders. This Note also describes how and when the annual report must be submitted to or filed with the SEC and the securities exchanges.