SEC What Changed: 10-K Filing Snapshot for 3 June 2026
Three companies filed 10-K reports on 3 June 2026. Three filings had a prior-year 10-K available for comparison and are ranked below. In this analysis, cosine similarity runs from 0 to 1 because it is calculated on non-negative text vectors. A score near 1 means the texts are very similar; a lower score means they are less similar and more language has changed.
We compare three high-signal 10-K sections. Business describes what the company does and how the operating model is changing. Risk Factors shows what management is warning investors about, including new, removed, or softened risks. MD&A explains the drivers of financial performance, liquidity, and management’s view of the business. Comparing similarity across these sections helps surface quiet but potentially important disclosure changes that can be hard to spot manually.
Ranking Table
| Rank | Company | CIK | Full Filing Similarity | Business Similarity | Risk Factors Similarity | MD&A Similarity | Most Changed Section | LLM Assessment |
|---|---|---|---|---|---|---|---|---|
| 1 | MESA LABORATORIES INC /CO/ | 724004 | 0.999 | 0.974 | 0.993 | n/a | Business | medium |
| 2 | KB Global Holdings Ltd | 1897525 | 0.992 | 0.98 | 0.976 | n/a | Risk Factors | medium |
| 3 | ANVI GLOBAL HOLDINGS, INC. | 1570132 | 0.986 | 1 | 1 | n/a | Business | low |
MESA LABORATORIES INC /CO/ (724004)
| Rank | 1 |
|---|---|
| Lowest similarity section | Business |
| LLM assessment | medium |
| SEC filings | 2026 10-K HTML/iXBRL (SEC page, raw text) | 2025 10-K HTML/iXBRL (SEC page, raw text) |
MESA LABORATORIES INC /CO/ shows its largest detected wording movement in Business. The comparison is based on the latest 10-K filed on 2026-06-03 against the prior-year 10-K filed on 2025-05-28.
Main Changes
- Business changed versus the prior-year filing, with cosine similarity of 0.974.
- Risk Factors changed versus the prior-year filing, with cosine similarity of 0.993.
Watch Items
- Review the Business section directly because it was the lowest-similarity section in the comparison.
Important Filing Changes
Business In this Annual Report on Form 10-K, Mesa Laboratories, Inc., a Colorado corporation, together with its subsidiaries is collectively referred to as “we,” “us,” “our,” the “Company,” or "Mesa." Mesa was organized in 1982 as a Colorado corporation. General We are a global leader in the design and manufacture of life sciences tools and critical quality control solutions for regulated applications in the pharmaceutical, healthcare and medical device industries.
Business In this annual report, Mesa Laboratories, Inc., a Colorado corporation, together with its subsidiaries is collectively referred to as “we,” “us,” “our,” the “Company,” or “Mesa.” Mesa was organized in 1982 as a Colorado corporation. General We are a global leader in the design and manufacture of life sciences tools and critical quality control solutions for regulated applications in the pharmaceutical, healthcare and medical device industries.
General We are a global leader in the design and manufacture of life sciences tools and critical quality control solutions for regulated applications in the pharmaceutical, healthcare and medical device industries. Mesa offers products and services to help our customers ensure product integrity, increase patient and worker safety, and improve the quality of life throughout the world. We have manufacturing operations in the United States and Europe, and our products are marketed by our sales personnel in North America, Europe and Asia Pacific, and by independent distributors in these areas as well as throughout the rest of the world.
General We are a global leader in the design and manufacture of life sciences tools and critical quality control solutions for regulated applications in the pharmaceutical, healthcare and medical device industries. We offer products and services to help our customers ensure product integrity, increase patient and worker safety, and improve the quality of life throughout the world. We have manufacturing operations in the United States and Europe, and our products are marketed by our sales personnel in North America, Europe and the Asia Pacific region ("APAC"), and by independent distributors throughout the world.
Risk Factors In addition to the other information set forth in this Annual Report on Form 10-K and other documents we filed with the SEC, you should carefully consider the following factors, which could materially affect our business, financial condition or results of operations in future periods . The risks and uncertainties described below are those that we have identified as material , but these are not the only risks and uncertainties facing us.
Risk Factors In addition to the other information set forth in this annual report other documents we filed with the SEC, you should carefully consider the following factors which could materially affect our business, financial condition or results of operations in future periods . The risks and uncertainties described below are those that we have identified as material , but these are not the only risks and uncertainties facing us.
KB Global Holdings Ltd (1897525)
| Rank | 2 |
|---|---|
| Lowest similarity section | Risk Factors |
| LLM assessment | medium |
| SEC filings | 2026 10-K HTML/iXBRL (SEC page, raw text) | 2025 10-K HTML/iXBRL (SEC page, raw text) |
KB Global Holdings Ltd shows its largest detected wording movement in Risk Factors. The comparison is based on the latest 10-K filed on 2026-06-03 against the prior-year 10-K filed on 2025-05-08.
Main Changes
- Risk Factors changed versus the prior-year filing, with cosine similarity of 0.976.
- Business changed versus the prior-year filing, with cosine similarity of 0.98.
Watch Items
- Review the Risk Factors section directly because it was the lowest-similarity section in the comparison.
Important Filing Changes
Risk Factors As A Smaller Reporting Company, We Are Not Required To Provide A Statement Of Risk Factors.
RISK FACTORS As a smaller reporting company, we are not required to provide a comprehensive statement of risk factors. However, the following concise summary is provided for investor transparency: The Company is an early-stage enterprise software company with limited revenue history.
Risk Factors As A Smaller Reporting Company, We Are Not Required To Provide A Statement Of Risk Factors.
RISK FACTORS As a smaller reporting company, we are not required to provide a comprehensive statement of risk factors. However, the following concise summary is provided for investor transparency: The Company is an early-stage enterprise software company with limited revenue history. Future performance depends on successfully acquiring third-party customers, developing recurring revenue models, and maintaining insider financial support.
BUSINESS Overview KB Global Holdings Limited (“KB Global”), through a wholly-owned Hong Kong subsidiary, owns all of the equity in a wholly foreign-owned enterprise organized in the People’s Republic of China (“PRC”) under the name Suzhou Keju Enterprise Management Consulting Limited (the “WFOE”). The WFOE is party to an agreement (the “VIE Agreements”) that give the WFOE substantial control over the operations of a PRC limited company named Beijing Kezhao Technology Co., Ltd. (“BJKZ”), in exchange for which the WFOE is entitled to receive a fee determined by the WFOE, which will represent substantially all of the net income of BJKZ. As a result of the VIE Agreement, KB Global is required by U.S. generally accepted accounting principles to consolidate in the financial statements included in this Report BJKZ’s accounts and financial results.
BUSINESS Overview KB Global Holdings Limited (“KB Global”), through a wholly-owned Hong Kong subsidiary, owns all of the equity in a wholly foreign-owned enterprise organized in the People’s Republic of China (“PRC”) under the name Suzhou Keju Enterprise Management Consulting Limited (the “WFOE”). The WFOE is party to an agreement (the “VIE Agreements”) that gives the WFOE substantial control over the operations of a PRC limited company named Beijing Kezhao Technology Co., Ltd. (“BJKZ”), in exchange for which the WFOE is entitled to receive a fee determined by the WFOE, which will represent substantially all of the net income of BJKZ. As a result of the VIE Agreement, KB Global is required by U.S. generally accepted accounting principles to consolidate in the financial statements included in this Report BJKZ’s accounts and financial results.
ANVI GLOBAL HOLDINGS, INC. (1570132)
| Rank | 3 |
|---|---|
| Lowest similarity section | Business |
| LLM assessment | low |
| SEC filings | 2026 10-K HTML/iXBRL (SEC page, raw text) | 2025 10-K HTML/iXBRL (SEC page, raw text) |
ANVI GLOBAL HOLDINGS, INC. showed limited section-level wording movement in the compared 10-K sections.
No material section-level wording change was large enough to quote from the compared sections.
Why?
The average 10-K is ~6x longer than in 1995 and the number of textual changes has risen ~12x, making attention and processing harder. Simple changes in 10K’s and 10Q’s can be highly informative. When a company quietly rewrites parts of its 10K/10Q it tends to go unnoticed at first. These changes often foreshadow tougher fundamentals and weaker future returns. The objective is that firms who change more, AKA "changers" earn systematically lower future returns – in large part due to firms adding in negative information into their 10K’s. In short: small wording shifts can be big information. For further information read the "Research" section for more details. Below I present the results of today’s analysis.
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