Avista Corp Files Definitive Proxy Statement (DEF 14A)

Ticker: AVA · Form: DEF 14A · Filed: Mar 20, 2024 · CIK: 104918

Avista Corp DEF 14A Filing Summary
FieldDetail
CompanyAvista Corp (AVA)
Form TypeDEF 14A
Filed DateMar 20, 2024
Risk Levellow
Pages14
Reading Time17 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Avista Corp, Executive Compensation, Proxy Statement, Shareholder Voting

TL;DR

<b>Avista Corp has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>

AI Summary

AVISTA CORP (AVA) filed a Proxy Statement (DEF 14A) with the SEC on March 20, 2024. Avista Corp filed a DEF 14A with the SEC on March 20, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 1411 E Mission Ave, Spokane, WA. Avista Corp was formerly known as Washington Water Power Co. The filing includes detailed information regarding executive compensation and equity awards.

Why It Matters

For investors and stakeholders tracking AVISTA CORP, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation practices and make informed voting decisions at the annual meeting. It provides transparency into how Avista Corp's management is compensated, including details on stock and option awards, and their valuation.

Risk Assessment

Risk Level: low — AVISTA CORP shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Shareholders should review the executive compensation details and any proposed resolutions to inform their voting decisions.

Key Numbers

  • 2024-03-20 — Filing Date (DEF 14A Filing Date)
  • 2023-12-31 — Fiscal Year End (Reporting Period)
  • 1934 Act — SEC Act (Governing Legislation)

Key Players & Entities

  • AVISTA CORP (company) — Filer
  • 1411 E MISSION AVE (location) — Business Address
  • SPOKANE (location) — Business Address City
  • WA (location) — Business Address State
  • 99202 (location) — Business Address Zip
  • WASHINGTON WATER POWER CO (company) — Former Company Name

FAQ

When did AVISTA CORP file this DEF 14A?

AVISTA CORP filed this Proxy Statement (DEF 14A) with the SEC on March 20, 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 AVISTA CORP (AVA).

Where can I read the original DEF 14A filing from AVISTA CORP?

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 AVISTA CORP.

What are the key takeaways from AVISTA CORP's DEF 14A?

AVISTA CORP filed this DEF 14A on March 20, 2024. Key takeaways: Avista Corp filed a DEF 14A with the SEC on March 20, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 1411 E Mission Ave, Spokane, WA..

Is AVISTA CORP a risky investment based on this filing?

Based on this DEF 14A, AVISTA CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

What should investors do after reading AVISTA CORP's DEF 14A?

Shareholders should review the executive compensation details and any proposed resolutions to inform their voting decisions. The overall sentiment from this filing is neutral.

How does AVISTA CORP compare to its industry peers?

Avista Corp operates in the electric and other services combined industry, providing utility services.

Are there regulatory concerns for AVISTA CORP?

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

Industry Context

Avista Corp operates in the electric and other services combined industry, providing utility services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

  1. Review the executive compensation tables and narrative disclosures.
  2. Understand the details of stock and option awards granted to named executive officers.
  3. Evaluate any proposals or resolutions presented for shareholder vote.

Key Dates

  • 2024-03-20: Filing Date — Definitive Proxy Statement (DEF 14A) filed with the SEC.
  • 1992-07-03: Name Change — Date Avista Corp changed its name from Washington Water Power Co.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual meetings and executive compensation, not a direct comparison to a prior period's financial performance.

Filing Stats: 4,338 words · 17 min read · ~14 pages · Grade level 14.2 · Accepted 2024-03-20 16:06:25

Filing Documents

Executive Compensation Tables

Executive Compensation Tables 45 Proposal 3: Advisory Vote on Executive Compensation 58

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 59 Section 16 (a) Beneficial Ownership Reporting Compliance 62 Annual Report and Financial Statements 62 Householding 62 Other Business 62 Additional Information 63 2025 Annual Meeting Information 66 Table of Contents PROXY SUMMARY Proxy Summary Governance Highlights Our Company is committed to maintaining the highest standards of corporate governance. Strong corporate governance practices help us achieve our performance goals and maintain the trust and confidence of our investors, employees, customers, regulatory agencies and other stakeholders. Our corporate governance practices are described in more detail in Corporate Governance Matters in this proxy statement and in our Corporate Governance Guidelines, which can be found in the Corporate Governance section of our website at https://investor.avistacorp.com/corporate-governance. DIRECTOR INDEPENDENCE The Chief Executive Officer ("CEO") is the only non-independent director. During 2023, the Board committees (except the Executive Committee) were composed exclusively of independent directors. The Board is committed to board refreshment. Our Board added four new members in the past five years, all of whom are independent. The independent directors regularly meet in executive sessions without management. BOARD LEADERSHIP The positions of Chairman and CEO are separated. The Company has an independent Vice Chair, appointed by the Board. The Vice Chair, in collaboration with the Chairman, helps facilitate and ensure there is open and effective communication between the Board, the Chairman and management. The Vice Chair's specific duties are set forth in Corporate Governance Matters. 100% All director nominees exhibit: High Integrity A Commitment to Sustainability Knowledge of Corporate Governance Requirements and Practices Leadership Experience A Commitment to the Long-Term Interests of our Shareholde

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