Mastech Digital Inc 2024年度报告

26-2753540(I.R.S. EmployerIdentification No.) Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Exchange Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months, and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-Tduring the preceding 12months (or for such shorter period that the registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, a smaller reporting company, or emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2of theExchange Act. Largeacceleratedfiler☐Non-accelerated filer☒Emerginggrowthcompany☐ Acceleratedfiler☐ Smallerreportingcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Exchange Act).Yes☐No☒ The aggregate market value of the voting stock held bynon-affiliatesof the registrant as of June30, 2024 (based on the closing price on such stock as reported byNYSE American on such date) was $24,874,000. The number of shares of the registrant’s Common Stock, par value $.01 per share, outstanding as of March1, 2025 was11,743,292. Auditor Firm ID:1195 Auditor Name:UHY LLP Auditor Location:Farmington Hills, Michigan DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Proxy Statement, prepared for the Annual Meeting of Shareholders scheduled for May14, 2025 to be filed with the Commission, areincorporated by reference into Part III of this Annual Report on Form10-K. Table of Contents MASTECH DIGITAL, INC.2024 FORM10-KTABLE OF CONTENTS PART I ITEM1.BUSINESSITEM1A.RISK FACTORSITEM1B.UNRESOLVED STAFF COMMENTSITEM 1C.CYBERSECURITYITEM2.PROPERTIESITEM3.LEGAL PROCEEDINGSITEM4.MINE SAFETY DISCLOSURES PART IIITEM5.MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITY SECURITIESITEM6.RESERVEDITEM7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSITEM7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAITEM9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSUREITEM9A.CONTROLS AND PROCEDURESITEM9B.OTHER INFORMATIONITEM9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS Table of Contents PART I Forward-Looking Statements This Annual Report on Form10-Kcontains statements that are not historical facts and that constitute “forward looking statements” within themeaning of such terms under the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance andinvolve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressedin, or implied by, our forward-looking statements. Words such as “expects”, “intends”, “anticipates”, “believes”, “estimates”, “assumes”, “projects” andsimilar expressions are intended to identify such forward-looking statements. You should not rely solely on the forward-looking statements and shouldconsider all uncertainties and risks throughout this Annual Report on Form10-K,including those described under “Risk Factors”. These statements arebased on information currently available, and we undertake no obligation to update any forward-looking statement as circumstances change. •changes in general U