Please answer a question about the following article about Freemasonry:

The bulk of Masonic ritual consists of degree ceremonies. Candidates for Freemasonry are progressively initiated into Freemasonry, first in the degree of Entered Apprentice. Some time later, in a separate ceremony, they will be passed to the degree of Fellowcraft, and finally they will be raised to the degree of Master Mason. In all of these ceremonies, the candidate is entrusted with passwords, signs and grips peculiar to his new rank. Another ceremony is the annual installation of the Master and officers of the Lodge. In some jurisdictions Installed Master is valued as a separate rank, with its own secrets to distinguish its members. In other jurisdictions, the grade is not recognised, and no inner ceremony conveys new secrets during the installation of a new Master of the Lodge.

What annual ceremony do Freemasons have?
the annual installation of the Master and officers of the Lodge