The letter to stockholders is the primary communication from management in an annual report.

Name: The letter to stockholders is the primary communication from management in an annual report.
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The letter to stockholders typically includes management's discussion of the company's performance over the past year, goals for the future, and other important updates for investors. It is usually the first section of an annual report and serves as a key communication from management to shareholders.

The Letter to Stockholders Is the Primary Communication from Management