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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K > Annual Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 FOR THE FISCAL YEAR ENDED December 31 , 2020 or Transition Report Pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 Delaware Commission file number 001-06714 Graham Holdings Company ( Exact name of registrant as specified in its charter ) ( State or other jurisdiction of incorporation or organization ) 1300 North 17th Street , Arlington , Virginia ( Address of principal executive offices ) Title of each class 53-0182885 ( I.R.S. Employer Identification No. ) Registrant's Telephone Number , Including Area Code : ( 703 ) 345-6300 Securities Registered Pursuant to Section 12 ( b ) of the Act : Class B Common Stock , par value $ 1.00 per share Trading Symbol ( s ) GHC 22209 ( Zip Code ) Name of each exchange on which registered New York Stock Exchange 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 Section 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 □ 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 ☑ Accelerated filer ☐ Non - accelerated filer Smaller 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 . Yes □ No □ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes □ No Aggregate market value of the registrant's common equity held by non - affiliates on June 30 , 2020 , based on the closing price for the Company's Class B Common Stock on the New York Stock Exchange on such date : approximately $ 1,400,000,000 . Shares of common stock outstanding at February 19 , 2021 : Class A Common Stock - 964,001 shares Class B Common Stock - 4,038,125 shares Documents partially incorporated by reference : Definitive Proxy Statement for the registrant's 2021 Annual Meeting of Stockholders ( incorporated in Part III to the extent provided in Items 10 , 11 , 12 , 13 and 14 hereof ) .