NATIONAL HEALTHCARE CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| PART 1 | ||
|---|---|---|
| ITEM 1. | Business | 2 |
| ITEM 1A. | Risk Factors | 11 |
| ITEM 1B. | Unresolved Staff Comments | 21 |
| ITEM 1C. | Cybersecurity | 21 |
| ITEM 2. | Properties | 22 |
| ITEM 3. | Legal Proceedings | 27 |
| ITEM 4. | Mine Safety Disclosures | 27 |
| PART II | ||
| ITEM 5. | Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities | 28 |
| ITEM 6. | [Reserved] | 30 |
| ITEM 7. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 30 |
| ITEM 7A. | Quantitative and Qualitative Disclosure About Market Risk | 43 |
| ITEM 8. | Financial Statements and Supplementary Data | 44 |
| ITEM 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 78 |
| ITEM 9A. | Controls and Procedures | 78 |
| ITEM 9B. | Other Information | 80 |
| ITEM 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 80 |
| PART III | ||
| ITEM 10. | Directors, Executive Officers and Corporate Governance | 80 |
| ITEM 11. | Executive Compensation | 80 |
| ITEM 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 80 |
| ITEM 13. | Certain Relationships and Related Transactions and Director Independence | 80 |
| ITEM 14. | Principal Accountant Fees and Services | 80 |
| PART IV | ||
| ITEM 15. | Exhibits and Financial Statement Schedules | 81 |
| Exhibit Index | 82 | |
| Signatures | 86 | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this annual filing that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. Investors should also refer to the risks identified in "Part 1. Item 1A. Risk Factors" for a discussion of various risk factors of the Company and that are inherent in the health care industry. Given these risks and uncertainties, we can give no assurance that these forward-looking statements will, in fact, transpire and, therefore, caution investors not to place undue reliance on them. The risks included here are not exhaustive. All forward-looking statements represent NHC's best judgment as of the date of this filing.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.