AMSC Files Definitive Proxy Statement
Ticker: AMSC · Form: DEF 14A · Filed: Jun 20, 2024 · CIK: 880807
| Field | Detail |
|---|---|
| Company | American Superconductor CORP /De/ (AMSC) |
| Form Type | DEF 14A |
| Filed Date | Jun 20, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, annual-meeting
TL;DR
AMSC proxy statement out - shareholders vote on directors & pay soon.
AI Summary
American Superconductor Corporation (AMSC) filed its definitive proxy statement on June 20, 2024, for its annual meeting of stockholders. The filing details the company's governance, executive compensation, and proposals to be voted on by shareholders. Key items likely include the election of directors and ratification of independent auditors, with specific details on compensation packages and any proposed amendments to equity incentive plans.
Why It Matters
This filing provides shareholders with crucial information to make informed voting decisions on company leadership and strategic direction, impacting the company's future performance and governance.
Risk Assessment
Risk Level: medium — Proxy statements are routine filings, but the specific proposals and shareholder votes can indicate underlying governance or strategic issues that may affect the company's future.
Key Players & Entities
- AMERICAN SUPERCONDUCTOR CORP /DE/ (company) — Registrant
- 0001193125-24-164444 (filing_id) — Accession Number
- 20240620 (date) — Filing Date
- 20240802 (date) — Period of Report
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose of this DEF 14A filing is to provide shareholders with information required for the company's annual meeting, including details on director nominations, executive compensation, and other matters to be voted upon.
When was this definitive proxy statement filed with the SEC?
This definitive proxy statement was filed with the SEC on June 20, 2024.
What is the fiscal year end for American Superconductor Corporation?
The fiscal year end for American Superconductor Corporation is March 31.
What is the Standard Industrial Classification (SIC) code for American Superconductor Corporation?
The Standard Industrial Classification (SIC) code for American Superconductor Corporation is 3621, which corresponds to Motors & Generators.
What is the filing fee status for this document?
The filing indicates that no fee was required for this filing, as indicated by the checked box 'No fee required'.
Filing Stats: 4,795 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-06-20 16:05:50
Filing Documents
- d749540ddef14a.htm (DEF 14A) — 794KB
- g749540dsp4.jpg (GRAPHIC) — 2KB
- g749540dsp5.jpg (GRAPHIC) — 4KB
- g749540g02x12.jpg (GRAPHIC) — 27KB
- g749540g37a10.jpg (GRAPHIC) — 80KB
- g749540g37b20.jpg (GRAPHIC) — 77KB
- g749540g88b18.jpg (GRAPHIC) — 56KB
- 0001193125-24-164444.txt ( ) — 1135KB
Executive Compensation Process
Executive Compensation Process 15 Anti-Hedging Policy 16 Clawback Policy 16 Communicating with the Independent Directors 16 Code of Business Conduct and Ethics 17 Audit Committee Report 17 INFORMATION ABOUT EXECUTIVE AND DIRECTOR COMPENSATION 18 Compensation Discussion and Analysis 18 Executive Summary 18 The Compensation Committees Process 23 Risk Considerations in our Compensation Program 25 Compensation Mix 25 Fiscal 2023 Summary Compensation Table 32 Grants of Plan-Based Awards Table for Fiscal 2023 33 Outstanding Equity Awards at Fiscal Year-End Table for Fiscal 2023 34 Option Exercises and Stock Vested Table for Fiscal 2023 35 Employment Agreements and Severance Agreements with Executive Officers 35 Pay Ratio Disclosure 36 Pay Versus Performance 36 Director Compensation 41 Securities Authorized for Issuance Under Our Equity Compensation Plans 42 Compensation Committee Interlocks and Insider Participation 43 Compensation Committee Report 43 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 44 ELECTION OF DIRECTORS (PROPOSAL 1) 45 APPROVAL OF AN AMENDMENT AND RESTATEMENT OF THE 2022 STOCK INCENTIVE PLAN (PROPOSAL 2) 46 APPROVAL OF AN AMENDMENT TO THE AMENDED AND RESTATED 2007 DIRECTOR STOCK PLAN (PROPOSAL 3) 55 i Table of Contents Page APAPPROVAL OF AN AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION, AS AMENDED (PROPOSAL 4) 3 60 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PROPOSAL 5) 62 Independent Registered Public Accounting Firms Fees 62 Pre-Approval Policies and Procedures 62 ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (PROPOSAL 6) 64 OTHER MATTERS 65 Solicitation of Proxies 65 Stockholder Proposals for 2025 Annual Meeting 65 Important Notice Regarding Delivery of Security Holder Documents 65 Electronic Delivery of Stockholder Communications 66 APPEND