Skip to main content

FRANKLIN COVEY CO

For the period ended Aug 31, 2024. Filed Nov 12, 2024.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 12, 2024

FC$16.15-0.1%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

þANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED AUGUST 31, 2024
OR
¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ___ TO ___

Franklin Covey Co.

(Exact name of registrant as specified in its charter)

Utah001-1110787-0401551
(State or other jurisdiction of incorporation or organization)(Commission File No.)(IRS Employer Identification No.)

2200 West Parkway Boulevard

Salt Lake City, Utah 84119-2331

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: (801)817-1776

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTradingSymbolName of Each Exchange on Which Registered
Common Stock, $.05 Par ValueFCNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:

None

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 Exchange Act 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 to such filing requirements for the past 90 days. 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 and post 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 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:

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 complying with 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 its internal 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 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 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 any of 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 Rule 12b-2 of the Exchange Act). Yes£ No

As of February 29, 2024, the aggregate market value of the Registrant's Common Stock held by non-affiliates of the Registrant was approximately $430.2 million, which was based upon the closing price of $38.18 per share as reported by the New York Stock Exchange.

As of October 31, 2024, the Registrant had 13,184,271 shares of Common Stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Parts of the Registrant's Definitive Proxy Statement for the Annual Meeting of Shareholders, which is scheduled to be held on January 24, 2025, are incorporated by reference in Part III of this Form 10-K.

‎

Franklin Covey Co.

TABLE OF CONTENTS

PART I4
Item 1Business4
Item 1ARisk Factors12
Item 1BUnresolved Staff Comments23
Item 1CCybersecurity23
Item 2Properties25
Item 3Legal Proceedings25
Item 4Mine Safety Disclosures25
PART II26
Item 5Market for the Registrant’s Common Equity, Related Shareholder Maters, and Issuer Purchases of Equity Securities26
Item 6Reserved27
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations27
Item 7AQuantitative and Qualitative Disclosures About Market Risk44
Item 8Financial Statements and Supplementary Data45
Report of Independent Registered Public Accounting Firm PCAOB ID No. 3445
Item 9Changes in and Disagreements With Accountants on Accounting and Financial Disclosure82
Item 9AControls and Procedures82
Item 9BOther Information83
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections83
PART III83
Item 10Directors, Executive Officers and Corporate Governance83
Item 11Executive Compensation84
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters84
Item 13Certain Relationships and Related Transactions, and Director Independence84
Item 14Principal Accountant Fees and Services85
PART IV85
Item 15Exhibits and Financial Statement Schedules85
Signatures88
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.