Axil Brands Executive Compensation Revealed

TL;DR

Axil Brands DEF 14A shows exec pay details for FY24, including stock awards.

AI Summary

Axil Brands, Inc. filed its DEF 14A on October 24, 2024, detailing executive compensation for the fiscal year ending May 31, 2024. Key individuals like Jeff Toghraie and Jeff Brown are listed as members of compensation committees, with compensation details for various executive roles including 'PeoMember' and 'NonPeoNeoMember'. The filing also references stock and option awards granted during the covered fiscal year.

Why It Matters

This filing provides transparency into how Axil Brands compensates its top executives, which can influence investor decisions and perceptions of company management.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but specific compensation details or changes can sometimes signal underlying company performance or strategic shifts.

Key Numbers

• 2024-05-31 — Fiscal Year End (The period for which executive compensation is reported.)
• 2023-06-01 — Fiscal Year Start (The beginning of the reporting period for executive compensation.)

Key Players & Entities

• Axil Brands, Inc. (company) — Filer
• Jeff Toghraie (person) — Compensation Committee Member ('PeoMember')
• Jeff Brown (person) — Compensation Committee Member ('NonPeoNeoMember')
• Monica Diaz Brickell (person) — Compensation Committee Member ('NonPeoNeoMember')
• Meenu Jain (person) — Compensation Committee Member ('NonPeoNeoMember')
• Donald Starace (person) — Compensation Committee Member ('NonPeoNeoMember')
• Christopher Go (person) — Compensation Committee Member ('NonPeoNeoMember')
• 0001718500 (company) — Central Index Key for Axil Brands, Inc.

FAQ

Filing Documents

• axil-14adef.htm (DEF 14A) — 581KB
• image_001.gif (GRAPHIC) — 6KB
• image_001.jpg (GRAPHIC) — 5KB
• image_002.jpg (GRAPHIC) — 2KB
• image_003.jpg (GRAPHIC) — 1KB
• image_004.jpg (GRAPHIC) — 1KB
• image_005.jpg (GRAPHIC) — 1KB
• image_006.jpg (GRAPHIC) — 2KB
• image_007.jpg (GRAPHIC) — 1KB
• 0001520138-24-000391.txt ( ) — 1357KB
• axil-20240531.xsd (EX-101.SCH) — 7KB
• axil-20240531_def.xml (EX-101.DEF) — 12KB
• axil-20240531_lab.xml (EX-101.LAB) — 63KB
• axil-20240531_pre.xml (EX-101.PRE) — 47KB
• axil-14adef_htm.xml (XML) — 190KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 16 Summary Compensation Table 16 Outstanding Equity Awards at Fiscal Year-End 17 Clawback Policy 17 PAY VERSUS PERFORMANCE 18 PROPOSAL NO. 3 ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS 21 Recommendation of the Board of Directors 21 PROPOSAL NO. 4 ADVISORY VOTE TO APPROVE THE FREQUENCY OF THE ADVISORY VOTE ON EXECUTIVE COMPENSATION 22 Recommendation of the Board of Directors 22 PROPOSAL NO. 5 APPROVAL OF THE AXIL BRANDS, INC. AMENDED AND RESTATED 2022 EQUITY INCENTIVE PLAN 23 Summary of the Plan 23 Federal Income Tax Consequences 27 Registration with the SEC 28 New Plan Benefits 28 Recommendation of the Board of Directors 28 EQUITY COMPENSATION PLAN INFORMATION 29

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 30 Changes in Control 31 DELINQUENT SECTION 16(a) REPORTS 32 AUDIT COMMITTEE REPORT 33 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 34 OTHER INFORMATION 35 Annual Report 35 Stockholder Proposals for the 2025 Annual Meeting 35

Forward-Looking Statements

Forward-Looking Statements 36 Our Website 36 OTHER MATTERS 37 APPENDIX A A-1 -i- AXIL BRANDS, INC. 9150 Wilshire Boulevard, Suite 245 Beverly Hills, California 90212 PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 18, 2024 GENERAL INFORMATION These proxy materials are being furnished in connection with the solicitation of proxies by the Board of Directors (the "Board of Directors" or the "Board") of AXIL Brands, Inc., a Delaware corporation (the "Company," "we," "us" or "our"), for the Annual Meeting of Stockholders (the "Annual Meeting") to be held on December 18, 2024 at 9150 Wilshire Boulevard, Suite 245, Beverly Hills, California 90212, at 9:00 a.m. Pacific Time, and at any adjournments or postponements of the Annual Meeting. The proxy materials, including this proxy statement, Annual Report on Form 10-K for the year ended May 31, 2024 (the "2024 Annual Report"), and form of proxy card, or the Notice of Internet Availability of Proxy Materials (the "Notice"), will be mailed to stockholders on or about October 30, 2024. QUESTIONS AND ANSWERS ABOUT THIS PROXY MATERIAL AND VOTING Why did I receive in the mail a Notice of Internet Availability of Proxy Materials instead of a full set of proxy materials? We are pleased to take advantage of the rules of the U.S. Securities and Exchange Commission (the "SEC") that allow us to furnish our proxy materials over the Internet, which helps the environment and reduces the costs associated with printing and distributing our proxy materials. Accordingly, we have sent to our beneficial owners and stockholders of record the Notice. Instructions on how to access the proxy materials over the Internet or to request a paper copy may be found in the Notice. Stockholders may request to receive proxy materials in printed form by mail or electronically on an ongoing basis. A stockholder's election to receive proxy materials by mail or electronically by email will remain in effe

View Full Filing

View this DEF 14A filing on SEC EDGAR