Advanced Energy Industries Inc. Files Definitive Proxy Statement

Ticker: AEIS · Form: DEF 14A · Filed: Mar 15, 2024 · CIK: 927003

Advanced Energy Industries Inc DEF 14A Filing Summary
FieldDetail
CompanyAdvanced Energy Industries Inc (AEIS)
Form TypeDEF 14A
Filed DateMar 15, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$213 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance, Shareholder Meeting

TL;DR

<b>Advanced Energy Industries, Inc. has filed its Definitive Proxy Statement for the period ending April 25, 2024.</b>

AI Summary

ADVANCED ENERGY INDUSTRIES INC (AEIS) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Advanced Energy Industries, Inc. The report covers the period ending April 25, 2024, with a filing date of March 15, 2024. The company's fiscal year ends on December 31. The filing includes information related to executive compensation for the fiscal year 2023. The company is incorporated in Delaware and its SIC code is 3679 (Electronic Components, NEC).

Why It Matters

For investors and stakeholders tracking ADVANCED ENERGY INDUSTRIES INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding upcoming votes, including executive compensation details and board nominations, enabling informed participation in corporate governance. The detailed breakdown of executive compensation for 2023, as presented in this filing, allows investors to assess the alignment of management pay with company performance and shareholder interests.

Risk Assessment

Risk Level: low — ADVANCED ENERGY INDUSTRIES INC shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational performance indicators, thus posing a low immediate risk.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate governance and shareholder value.

Key Numbers

  • 2024-04-25 — Period of Report (Conformed Period of Report)
  • 2024-03-15 — Filing Date (Conformed Submission Type)
  • 1231 — Fiscal Year End (Fiscal Year End)
  • 3679 — SIC Code (Standard Industrial Classification)

Key Players & Entities

  • ADVANCED ENERGY INDUSTRIES, INC. (company) — Registrant Name
  • Paul Oldham (person) — Contact person for business and mailing address
  • Yuval Wasserman (person) — Mentioned in relation to compensation data
  • Steve Kelley (person) — Mentioned in relation to compensation data

FAQ

When did ADVANCED ENERGY INDUSTRIES INC file this DEF 14A?

ADVANCED ENERGY INDUSTRIES INC filed this Proxy Statement (DEF 14A) with the SEC on March 15, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by ADVANCED ENERGY INDUSTRIES INC (AEIS).

Where can I read the original DEF 14A filing from ADVANCED ENERGY INDUSTRIES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ADVANCED ENERGY INDUSTRIES INC.

What are the key takeaways from ADVANCED ENERGY INDUSTRIES INC's DEF 14A?

ADVANCED ENERGY INDUSTRIES INC filed this DEF 14A on March 15, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Advanced Energy Industries, Inc.. The report covers the period ending April 25, 2024, with a filing date of March 15, 2024.. The company's fiscal year ends on December 31..

Is ADVANCED ENERGY INDUSTRIES INC a risky investment based on this filing?

Based on this DEF 14A, ADVANCED ENERGY INDUSTRIES INC presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational performance indicators, thus posing a low immediate risk.

What should investors do after reading ADVANCED ENERGY INDUSTRIES INC's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does ADVANCED ENERGY INDUSTRIES INC compare to its industry peers?

Advanced Energy Industries operates in the electronic components sector, manufacturing equipment for various high-tech industries.

Are there regulatory concerns for ADVANCED ENERGY INDUSTRIES INC?

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

Industry Context

Advanced Energy Industries operates in the electronic components sector, manufacturing equipment for various high-tech industries.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

What Investors Should Do

  1. Analyze the executive compensation structure and any proposed changes.
  2. Review the list of director nominees and their qualifications.
  3. Examine any shareholder proposals and the company's recommendation.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual shareholder meetings and does not represent a change from previous filings in terms of its nature.

Filing Stats: 4,384 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-03-15 16:03:47

Key Financial Figures

  • $213 million — cash flow from continuing operations of $213 million. From a strategic perspective, 2023 wa

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 29

Executive Compensation

Executive Compensation 31 Compensation Discussion and Analysis 31 Compensation Risk Assessment 44 Compensation Committee Report 45 Equity Compensation Plan Information 46 Management 47 Summary Compensation Table for 2023 49 2023 Grants of Plan-Based Awards 50 2023 Outstanding Equity Awards at Fiscal Year-End 51 2023 Option Exercises and Stock Vested 52 Pension Benefits 52 Non-Qualified Deferred Compensation 52 Potential Payments upon Termination or Change in Control 54 Pay versus Performance 56 CEO Pay Ratio 61 Certain Relationships and Related Transactions 62 Proposal No. 4 - Approval of Advanced Energy's Second Amended and Restated Certificate of Incorporation to Provide Exculpation from Personal Liability for Certain Officers as Permitted by Delaware Law and Make Certain Other Minor, Non-Substantive Updates 63 Conduct and Communications 66 Proposals of Stockholders 66 Form 10-K 67 Delinquent Section 16(a) Reports 67 General Meeting Matters 67 Appendix A - Reconciliation of Non-GAAP Measures A-1 Appendix B - Second Amended and Restated Certificate of Incorporation B-1 PRECISION | POWER | PERFORMANCE 1 2024 ANNUAL PROXY STATEMENT Proxy Summary The Board of Directors of Advanced Energy Industries, Inc. ("Advanced Energy" or the "Company") requests your proxy in connection with the annual meeting of stockholders to be held on April 25, 2024 (the "2024 Annual Meeting"). This proxy statement and the accompanying proxy card and materials are first being sent to stockholders of Advanced Energy or made available electronically on or about March 15, 2024. This summary highlights key information presented elsewhere in this year's proxy statement. This section does not contain all the information that you should consider, and you should read the entire proxy statement before voting. Our Meeting Agenda PROPOSAL REFERENCE BOARD RECOMMENDATION EFFECT OF BROKER NON-VOTES AND ABSTENTIONS

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