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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K ( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31 , 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ΤΟ Commission File Number 0-19291 CorVel Corporation ( Exact name of registrant as specified in its charter ) Delaware ( State or other jurisdiction of incorporation or organization ) 5128 Apache Plume Road , Suite 400 Fort Worth , Texas ( Address of principal executive offices ) 76109 ( Zip Code ) Regis rant's telephone number , including code : ( 817 ) 390-1416 Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Common Stock , Par Value $ 0.0001 Per Share Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . YES □ NO > Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 ( d ) of the Act . YES NO > Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . YES > NO Trading Symbol ( s ) CRVL X 33-0282651 ( I.R.S. Employer Identification No. ) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . YES > NO Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - accelerated filer Name of each exchange on which registered NASDAQ Global Select Market Accelerated filer Small reporting company Emerging growth company ☐ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . □ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . YES NO The number of shares of registrant's Common Stock outstanding as of May 24 , 2021 was 17,850,728 . As of September 30 , 2020 , the aggregate market value of the registrant's voting and non - voting common equity held by non - affiliates of the registrant was approximately $ 784,387,000 based on the closing price per share of $ 85.43 for the registrant's common stock as reported on the Nasdaq Global Select Market on such date multiplied by 9,181,629 shares ( total outstanding shares of 17,908,338 less 8,726,709 shares held by affiliates ) of the registrant's common stock which were outstanding on such date . For the purposes of the foregoing calculation only , all of registrant's directors , executive officers and persons known to the registrant to hold ten percent or greater of the registrant's outstanding common stock have been excluded in that such persons may be deemed to be affiliates . This determination of affiliate status is not necessarily a conclusive determination for other purposes . DOCUMENTS INCORPORATED BY REFERENCE Information required by Items 10 through 14 of Part III of this Form 10 - K , to the extent not set forth herein , is incorporated herein by reference to portions of the registrant's definitive proxy statement for the registrant's 2021 Annual Meeting of Stockholders , which will be filed with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year ended March 31 , 2021. Except with respect to the information specifically incorporated by reference in this Form 10 - K , the registrant's definitive proxy statement is not deemed to be filed as a part of this Form 10 - K .