Ascent Solar Files Proxy Statement for August Meeting

TL;DR

ASTI proxy filed for Aug 7 meeting - shareholders vote on directors & more.

AI Summary

Ascent Solar Technologies, Inc. filed a Definitive Proxy Statement (DEF 14A) on June 20, 2024, for its annual meeting on August 7, 2024. The filing concerns the solicitation of proxies from shareholders regarding matters to be voted on at the meeting, including the election of directors and other corporate actions. The company is based in Thornton, Colorado.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda for the annual meeting and provides information necessary to make informed voting decisions on company leadership and direction.

Risk Assessment

Risk Level: medium — Proxy statements can indicate upcoming strategic shifts or shareholder activism, which may carry inherent risks.

Key Players & Entities

• Ascent Solar Technologies, Inc. (company) — Registrant
• 20240807 (date) — Annual Meeting Date
• 20240620 (date) — Filing Date
• Thornton, Colorado (location) — Company Headquarters

FAQ

Key Financial Figures

• $10 million — completed 10 acquisitions and grew from $10 million of EBITDA to $20 million of EBITDA in t
• $20 million — and grew from $10 million of EBITDA to $20 million of EBITDA in the year prior to its sale
• $151 million — BITDA in the year prior to its sale for $151 million to WindPoint Partners. Mr. Peterson has

Filing Documents

• asti_def14a.htm (DEF 14A) — 585KB
• image_001.jpg (GRAPHIC) — 4KB
• image_002.jpg (GRAPHIC) — 303KB
• image_003.jpg (GRAPHIC) — 212KB
• image_004.jpg (GRAPHIC) — 263KB
• image_005.jpg (GRAPHIC) — 196KB
• 0001079973-24-000919.txt ( ) — 1933KB

From the Filing

DEF 14A 1 asti_def14a.htm DEFINITIVE 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 ASCENT SOLAR TECHNOLOGIES, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: June 21, 2024 Dear Stockholder: You are cordially invited to attend the 2024 Annual Meeting of Stockholders of Ascent Solar Technologies, Inc. to be held on August 7, 2024 (“Annual Meeting”). The meeting will be held at the corporate office of Ascent Solar Technologies, Inc., 12300 Grant Street, Thornton, CO 80241, beginning at 10:00 a.m. Mountain Time. At this year’s Annual Meeting, our stockholders will be asked (i) to elect one Class C director to our board of directors; (ii) to ratify the selection of Haynie & Company as our independent registered public accounting firm for the fiscal year ending December 31, 2024; (iii) to approve an amendment to our 2023 Equity Incentive Plan to increase the number of shares of common stock subject to the plan; (iv) to grant discretionary authority to our board of directors to amend our certificate of incorporation to combine outstanding shares of our common stock into a lesser number of outstanding shares, or a “reverse stock split”; (v) to conduct an advisory vote on the compensation of our executive officers; and (vi) to transact such other business as may properly come before the meeting or any adjournment or postponement of the meeting. Additional information about the Annual Meeting is given in the attached Notice of 2024 Annual Meeting of Stockholders and Proxy Statement. In accordance with rules adopted by the Securities and Exchange Commission, we are pleased to again furnish these proxy materials to stockholders primarily over the Internet, rather than in paper form. We believe these rules allow us to provide our stockholders with expedited and convenient access to the information they need, while helping to conserve natural resources and lower the costs of printing and delivering proxy materials. Whether or not you plan to attend the Annual Meeting, we hope you will vote as soon as possible. Voting your proxy will ensure your representation at the Annual Meeting. If you attend the Annual Meeting in person, you may vote your shares in person even though you have previously given your proxy. By Order of the Board of Directors Very truly yours, Ascent Solar Technologies, Inc. By: /s/ Paul Warley Title: Director, President and CEO Dated: June 21, 2024 ASCENT SOLAR TECHNOLOGIES, INC. 12300 Grant Street Thornton, Colorado 80241 (720) 872-5000 NOTICE OF 2023 ANNUAL MEETING OF STOCKHOLDERS August 7, 2024 at 10:00 a.m. Mountain Time TO OUR STOCKHOLDERS: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of Ascent Solar Technologies, Inc., a Delaware corporation (the “Company”), will be held on August 7, 2024 , at 10:00 a.m. Mountain Time at the corporate office of Ascent Solar Technologies, Inc., 12300 Grant Street, Thornton, CO 80241, for the following purposes, as more fully described in the Proxy Statement accompanying this notice: 1. ELECTION OF DIRECTORS. To elect: one (1) Class C director to serve until the 2027 annual meeting of stockholders, and until his or her successor has been elected and qualified. 2. RATIFICATION OF AUDITORS. To ratify the Audit Committee’s appointment of Haynie and Company as our independent registered public accounting firm for

View Full Filing

View this DEF 14A filing on SEC EDGAR