Management's Discussion and Analysis of Financial Condition and Results of Operations

Summary

This practice note discusses Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A). In MD&A, a company discusses and analyzes its recent financial performance and financial condition. MD&A must be included in annual reports on Form 10-K and quarterly reports on Form 10-Q filed by Reporting Companies under the Securities Exchange Act of 1934, as amended (Exchange Act) and Registration Statements filed under the Securities Act of 1933, as amended (Securities Act).