Alpha Pro Tech, Ltd. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Alpha Pro Tech, Ltd. will hold its 2024 Annual Meeting of Shareholders on June 12, 2024, in Aurora, Ontario, Canada.</b>

AI Summary

ALPHA PRO TECH LTD (APT) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. The 2024 Annual Meeting of Shareholders for Alpha Pro Tech, Ltd. will be held on June 12, 2024, at 9:30 a.m. local time. The meeting will take place at the Microtel Inn & Suites, 180 Goulding Avenue, Aurora, Ontario, Canada L4G 3Z2. The company is utilizing SEC rules to furnish proxy materials to shareholders via the Internet to reduce costs and environmental impact. Shareholders are encouraged to vote, either by mail using the enclosed proxy card or online. Lloyd Hoffman, President, CEO, and Director, signed the notice on April 29, 2024.

Why It Matters

For investors and stakeholders tracking ALPHA PRO TECH LTD, this filing contains several important signals. The company is leveraging internet delivery of proxy materials, which could signal a move towards digital shareholder engagement and cost savings. The meeting date and location are critical for shareholders to participate in corporate governance decisions and vote on important matters.

Risk Assessment

Risk Level: low — ALPHA PRO TECH LTD shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy materials and vote their shares to participate in the company's governance.

Key Numbers

• June 12, 2024 — Annual Meeting Date (2024 Annual Meeting of Shareholders)
• 9:30 a.m. — Annual Meeting Time (2024 Annual Meeting of Shareholders)
• 19930328 — Date of Name Change (Former company name BFD INDUSTRIES INC)

Key Players & Entities

• ALPHA PRO TECH LTD (company) — Registrant name
• 2024 Annual Meeting of Shareholders (event) — Meeting name
• June 12, 2024 (date) — Meeting date
• Microtel Inn & Suites (company) — Meeting venue
• 180 Goulding Avenue, Aurora, Ontario, Canada L4G 3Z2 (location) — Meeting address
• Lloyd Hoffman (person) — President, Chief Executive Officer and Director
• April 29, 2024 (date) — Filing date
• BFD INDUSTRIES INC (company) — Former company name

FAQ

Industry Context

Alpha Pro Tech, Ltd. operates in the orthopedic, prosthetic & surgical appliances & supplies industry. This filing is a routine proxy statement for its annual shareholder meeting.

Regulatory Implications

The filing is made under Rule 14a-101 of the Securities Exchange Act of 1934, which governs the information required in proxy statements.

What Investors Should Do

1. Review the proxy statement for details on matters to be voted on at the Annual Meeting.
2. Vote your shares by mail or online to ensure your participation in corporate governance.
3. Attend the Annual Meeting on June 12, 2024, if possible, to engage directly with management and the board.

Key Dates

• 2024-06-12: 2024 Annual Meeting of Shareholders — Key date for shareholder participation and voting.
• 2024-04-29: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This is a Definitive Proxy Statement (DEF 14A) filed for the 2024 Annual Meeting of Shareholders, indicating a routine corporate event.

Filing Documents

• apt20240423_def14a.htm (DEF 14A) — 439KB
• chart1.jpg (GRAPHIC) — 48KB
• chart2.jpg (GRAPHIC) — 44KB
• 0001437749-24-013513.txt (&nbsp;) — 567KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 16 Compensation Committee Report 19 2023 Summary Compensation Table 19 Hoffman Employment Agreement 20 2004 Stock Option Plan 20 2020 Omnibus Incentive Plan 21 Grants Of Plan Based Awards 21 Option Exercises in 2023 22 Outstanding Equity Awards at Fiscal Year-End 22 Pay Versus Performance 23 DIRECTOR COMPENSATION 26 2023 Director Compensation Table 26 i

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 27 AUDIT COMMITTEE REPORT 28 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 29 Fees 29 Pre-Approval Policy 29 PROPOSAL 2 – RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 30 PROPOSAL 3 – ADVISORY VOTE ON EXECUTIVE COMPENSATION 31 SHAREHOLDER PROPOSALS AND DIRECTOR NOMINATIONS FOR 2024 ANNUAL MEETING 32 ANNUAL REPORT ON FORM 10-K 32 OTHER MATTERS 32 ii ALPHA PRO TECH, LTD. 53 Wellington Street East Aurora, Ontario, Canada L4G 1H6 Telephone: (905) 479-0654 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD JUNE 12, 2024 This Proxy Statement, along with the accompanying Notice of Annual Meeting of Shareholders, contains information about the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of Alpha Pro Tech, Ltd. (the "Company," "we," "our" or "us"), including any adjournments or postponements of the Annual Meeting. We are holding the Annual Meeting at 9:30 a.m., local time, on Wednesday, June 12, 2024, at the Microtel Inn & Suites, 180 Goulding Avenue, Aurora, Ontario, Canada L4G 3Z2. This Proxy Statement relates to the solicitation of proxies by our Board of Directors for use at the Annual Meeting. This Proxy Statement and accompanying proxy card, or the Notice of Internet Availability of Proxy Materials, as applicable, are first being sent to shareholders of the Company on or about April 29, 2024. We encourage all of our shareholders to vote at the Annual Meeting, and we hope that the information contained in this document will help you decide how you wish to vote at the Annual Meeting. Important Notice Regarding the Availability of Proxy Materials For the Shareholder Meeting to be Held on June 12, 2024 This Proxy Statement is available at https://www.alphaprotech.com/AlphaProtech/Assets/Documents/Proxy%20Statement/Proxy_statement_2024.pdf and the 2023 Annual Report is av

View Full Filing

View this DEF 14A filing on SEC EDGAR