欧迪办公 2024年度报告

(Mark One)Annual Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports) 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 Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files): Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act.:☒☐☐ 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 or revisedfinancial accounting standards provided pursuant to Section 13(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 Section 404(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 Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection 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 any of theregistrant’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 Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of common stock held by non-affiliates of the registrant as of June 30, 2024 (based on the closing market price of the common stock on theComposite Tape on June 28, 2024) was approximately $1,298,991,046 (determined by subtracting from the number of shares outstanding on that date the number ofshares held by affiliates of the registrant). The number of shares outstanding of the registrant’s common stock, as of the latest practicable date: At February 19, 2025, there were 29,817,246 outstanding shares ofThe ODP Corporation Common Stock, $0.01 par value. Documents Incorporated by Reference: Certain information required for Part III of this Annual Report on Form 10-K is incorporated by reference to The ODP Corporation’s definitive Proxy Statement for its2025 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission within 120 days after close of the registrant’s fiscal year covered bythis Annual Report. TABLE OF CONTENTS The order and presentation of this Annual Report on Form 10-K differ from that of the traditional U.S. Securities and ExchangeCommission (“SEC”) Form 10-K format. We believe that our format better presents the relevant sections of this document andenhances readability. See “Form 10-K Cross-Reference Index” within Financial Statements and Supplemental Details for a cross-reference index to the traditional SEC Form 10-K format. Fundamentals of Our BusinessThe Company Other Key InformationRisk Factors 11Cybersecurity24Properties26Legal Proceedings26Market for Our Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities27Management’s Discussion and Analysis (MD&A) Overview29Operating Results by Division33Liquidity and Capital Resources38Critical Accounting Policies and Estimates42Significant Trends, Developments and Uncertainties44Market Sensitive Risks and Positions44Seasonality45New Accounting Standards45Quantitative and Qualitative Disclosures About Market Risk46Controls and Procedures Directors, Executive Officers and Corporate Governance49Executive Compensation49Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters49Certain Relationships and Related Transactions, and Director Independence49Principal Accountant Fees and Services50Financial Statements and Supplemental Details Exhibits and Financial Statement Schedules51Signatures54Auditor’s Report on the Financial Statements56Consolidated Statements of Operations58Consolidated Statements of Comprehensive Inco