哈特-汉克斯 2025年度报告

For the fiscal year ended December 31, 2025TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-07120 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNoIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 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 ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 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 tosubmit 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 reportingcompany or emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial 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 itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect 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-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). Indicate by check mark if the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo As ofJune30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value ofthe voting and non-voting common equity held by non-affiliates was approximately $26,775,155 based on the closing price on the NASDAQ on suchdate. Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the registrant as of such date have As of February27, 2026, 7,414,794 shares of common stock, $1.00 par value per share of the registrant were issued and outstanding. Documents incorporated by reference: Portions of the Proxy Statement to be filed in relation to the Company’s 2026 Annual Meeting of Stockholders are incorporated herein byreference into Part III of this Form 10-K. PART I PART II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities21Item 6.Selected Financial Data22 PART III Item 10.Directors, Executive Officers and Corporate Governance31Item 11.Executive Compensation31 PART IV Item 15.Exhibits and Financial Statement Schedules CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report, including the Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”),contains “forward-looking statements” within the meaning of the federal securities laws. All such statements are qualified by thiscautionary note, which is provided pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21Eof the Exchange Act. Forward-looking statements will also be included from time to time in our other public filings, press releases, ourwebsite, and oral and written presentations by management. Statements other than historical facts are forward-looking and may beidentified by words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “seeks,” “could,” “intends,” orwords of similar meaning. Examples include statements regarding (1) our strategies and initiatives, including actions designed torespond to market conditions and improve our performance, (2) our financial outlook for revenues, earnings per share, operating These forward-looking statements are based on current information, expectations, and estimates and involve risks, uncer