A Form LM-10 is a reporting and disclosure form issued by the United States Department of Labor (“DOL”) pursuant to the Labor-Management Reporting and Disclosure Act of 1959 (“LMRDA”). Employers must file LM-10 annual reports to disclose certain financial dealings with a union or union officials. Virtually all private sector employers who make expenditures to a union or union officials -- regardless of whether their workforce is unionized or not -- must file LM-10 reports.
An employer must file its LM-10 report within 90 days after the end of its fiscal year. For employers whose fiscal year ended on December 31, 2007, the deadline to file their Form LM-10 is March 31, 2008. If an employer does not submit its Form LM-10 in a timely manner, the LMRDA authorizes the DOL to bring a civil action in order to compel the filing of the report. The LMRDA provides for criminal penalties if an employer willfully fails to file a report or submits a false report.