Avalon Holdings Corp. Announces Annual Meeting of Shareholders on May 8, 2024
Ticker: AWX · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 1061069
| Field | Detail |
|---|---|
| Company | Avalon Holdings Corp (AWX) |
| Form Type | DEF 14A |
| Filed Date | Mar 22, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Shareholder Vote, Director Election, Executive Compensation, Proxy Statement
TL;DR
<b>Avalon Holdings Corporation will hold its Annual Meeting of Shareholders on May 8, 2024, to elect directors and vote on executive compensation.</b>
AI Summary
AVALON HOLDINGS CORP (AWX) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. The Annual Meeting of Shareholders for Avalon Holdings Corporation is scheduled for May 8, 2024, at 10:00 A.M. local time. Shareholders will vote on the election of six Directors: two Class A Directors and four Class B Directors. An advisory vote on executive compensation will be conducted. The record date for determining shareholders eligible to vote is March 11, 2024. The meeting will be held at The Grand Resort in Warren, Ohio.
Why It Matters
For investors and stakeholders tracking AVALON HOLDINGS CORP, this filing contains several important signals. Shareholders will have the opportunity to elect directors, directly influencing the company's governance and strategic direction. The advisory vote on executive compensation allows shareholders to express their views on the company's pay practices for its top executives.
Risk Assessment
Risk Level: low — AVALON HOLDINGS CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational concerns highlighted.
Analyst Insight
Shareholders should review the proxy materials to make informed decisions regarding director elections and executive compensation.
Key Numbers
- 6 — Directors to be elected (Election of Directors)
- 2 — Class A Directors (Director Election)
- 4 — Class B Directors (Director Election)
- 2024-05-08 — Annual Meeting Date (Notice of Annual Meeting)
- 2024-03-11 — Record Date (Shareholder eligibility for voting)
Key Players & Entities
- AVALON HOLDINGS CORPORATION (company) — Registrant name
- May 8, 2024 (date) — Date of Annual Meeting
- March 11, 2024 (date) — Record date for shareholders
- The Grand Resort (location) — Location of Annual Meeting
- Warren, Ohio (location) — Location of Annual Meeting
FAQ
When did AVALON HOLDINGS CORP file this DEF 14A?
AVALON HOLDINGS CORP filed this Proxy Statement (DEF 14A) with the SEC on March 22, 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 AVALON HOLDINGS CORP (AWX).
Where can I read the original DEF 14A filing from AVALON HOLDINGS 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 AVALON HOLDINGS CORP.
What are the key takeaways from AVALON HOLDINGS CORP's DEF 14A?
AVALON HOLDINGS CORP filed this DEF 14A on March 22, 2024. Key takeaways: The Annual Meeting of Shareholders for Avalon Holdings Corporation is scheduled for May 8, 2024, at 10:00 A.M. local time.. Shareholders will vote on the election of six Directors: two Class A Directors and four Class B Directors.. An advisory vote on executive compensation will be conducted..
Is AVALON HOLDINGS CORP a risky investment based on this filing?
Based on this DEF 14A, AVALON HOLDINGS CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational concerns highlighted.
What should investors do after reading AVALON HOLDINGS CORP's DEF 14A?
Shareholders should review the proxy materials to make informed decisions regarding director elections and executive compensation. The overall sentiment from this filing is neutral.
How does AVALON HOLDINGS CORP compare to its industry peers?
Avalon Holdings Corporation operates in the refuse systems industry, providing waste management and related services.
Are there regulatory concerns for AVALON HOLDINGS CORP?
This filing is a Schedule 14A (DEF 14A), a proxy statement required by the SEC for public companies to solicit shareholder votes.
Industry Context
Avalon Holdings Corporation operates in the refuse systems industry, providing waste management and related services.
Regulatory Implications
This filing is a Schedule 14A (DEF 14A), a proxy statement required by the SEC for public companies to solicit shareholder votes.
What Investors Should Do
- Review the proxy statement for detailed information on director nominees and their qualifications.
- Understand the company's executive compensation structure and the rationale behind it.
- Vote your proxy shares prior to the annual meeting to ensure your voice is heard on corporate governance matters.
Key Dates
- 2024-05-08: Annual Meeting of Shareholders — Election of directors and advisory vote on executive compensation.
- 2024-03-11: Record Date — Determines shareholders eligible to vote at the annual meeting.
Year-Over-Year Comparison
This is a DEF 14A filing, indicating it is the definitive proxy statement for the upcoming annual meeting, following any preliminary filings.
Filing Stats: 4,767 words · 19 min read · ~16 pages · Grade level 11.2 · Accepted 2024-03-22 17:08:47
Filing Documents
- awx20240313_def14a.htm (DEF 14A) — 302KB
- notice01.jpg (GRAPHIC) — 106KB
- notice02.jpg (GRAPHIC) — 104KB
- notice03.jpg (GRAPHIC) — 106KB
- notice04.jpg (GRAPHIC) — 106KB
- proxy01.jpg (GRAPHIC) — 78KB
- proxy02.jpg (GRAPHIC) — 76KB
- proxy03.jpg (GRAPHIC) — 78KB
- proxy04.jpg (GRAPHIC) — 76KB
- treelogo.jpg (GRAPHIC) — 13KB
- 0001437749-24-009068.txt ( ) — 2441KB
- awx-20231231.xsd (EX-101.SCH) — 3KB
- awx-20231231_def.xml (EX-101.DEF) — 2KB
- awx-20231231_lab.xml (EX-101.LAB) — 2KB
- awx-20231231_pre.xml (EX-101.PRE) — 1KB
- awx20240313_def14a_htm.xml (XML) — 34KB
Executive Compensation
Executive Compensation Avalon is a controlled company as defined by the NYSE Amex company guide because over 50% of the voting power is held by Mr. Klingle. During 2023, Mr. Klingle was the Chairman of the Board and Chief Executive Officer and Ms. Bell was President of Avalon Golf and Country Club. Both Mr. Klingle and Ms. Bell were members of the Compensation Committee. As such, the members of the Company's Compensation Committee are not all independent. Although the Company's executive compensation program is established by the Compensation Committee, the Compensation Committee and the Board of Directors, as a whole, discuss the reasonableness of the amounts of compensation received by the Chief Executive Officer and the other executive officers. The Compensation Committee does not have a charter. The Company maintains a cash compen