UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
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ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2025
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TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to .
Commission File Number 001-08454
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A. |
Full title of the plan and the address of the plan, if different from that of the issuer named below: |
ACCO Brands Corporation 401(k) Plan
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B. |
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
ACCO Brands Corporation
Four Corporate Drive
Lake Zurich, Illinois 60047
Report of Independent Registered Public Accounting Firm
Administrative Committee, Plan Participants and Plan Administrator
of the ACCO Brands Corporation 401(k) Plan
Lake Zurich, Illinois
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of the ACCO Brands Corporation 401(k) Plan (the “Plan”) as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.
/s/Crowe LLP
We have served as the Plan's auditor since 2005.
Chicago, Illinois
June 26, 2026
ACCO BRANDS CORPORATION 401(K) PLAN
Statements of Net Assets Available for Benefits
December 31, 2025 and 2024
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December 31, |
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2025 |
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2024 |
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Assets |
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Investments, at fair value |
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$ |
362,961,322 |
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$ |
349,914,502 |
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Investments, at contract value |
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24,904,776 |
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26,700,887 |
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Receivables: |
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Employer contribution |
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52,359 |
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83,199 |
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Employee contribution |
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— |
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17,026 |
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Notes receivable from participants |
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4,489,995 |
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5,023,073 |
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Total receivables |
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4,542,354 |
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5,123,298 |
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Net Assets Available for Benefits |
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$ |
392,408,452 |
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$ |
381,738,687 |
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ACCO BRANDS CORPORATION 401(K) PLAN
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2025
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Additions to net assets attributed to: |
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Investment income: |
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Dividend and interest income |
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$ |
9,416,746 |
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Net appreciation in fair value of investments |
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44,272,353 |
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Interest income on notes receivables from participants |
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346,210 |
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Contributions: |
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Participant |
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9,351,582 |
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Employer |
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5,969,353 |
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Rollovers |
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161,652 |
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Total contributions |
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15,482,587 |
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Total additions |
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69,517,896 |
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Deductions from net assets attributed to: |
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Benefits paid to participants |
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58,623,603 |
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Administrative fees and other |
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224,528 |
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Total deductions |
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58,848,131 |
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Net increase |
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10,669,765 |
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Net assets available for benefits: |
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Beginning of year |
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381,738,687 |
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End of year |
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$ |
392,408,452 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Committee, which administers the Plan has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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ACCO Brands Corporation 401(k) Plan |
Date: |
June 26, 2026 |
By: |
/s/ James M. Dudek, Jr. |
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James M. Dudek, Jr. |
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Senior Vice President, Corporate Controller and Chief Accounting Officer |