AXT Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>AXT Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 16, 2024.</b>

AI Summary

AXT INC (AXTI) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. AXT Inc. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024. The filing covers the period ending May 16, 2024. The company's fiscal year ends on December 31. AXT Inc. is incorporated in Delaware. The company's principal executive offices are located at 4281 Technology Drive, Fremont, CA 94538.

Why It Matters

For investors and stakeholders tracking AXT INC, this filing contains several important signals. This filing is a routine requirement for public companies to provide shareholders with information regarding annual meetings, director elections, and executive compensation. Shareholders will be able to review details about the company's governance, compensation practices, and proposals to be voted on at the upcoming meeting.

Risk Assessment

Risk Level: low — AXT INC shows low risk based on this filing. The filing is a standard DEF 14A, indicating no immediate material changes or urgent concerns are being disclosed beyond typical proxy statement information.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and governance.

Key Numbers

• 2024-04-05 — Filing Date (Filed as of date)
• 2024-05-16 — Reporting Period End Date (Conformed period of report)
• 1231 — Fiscal Year End (Fiscal year end)
• 2022-12-31 — Fiscal Year End (Previous fiscal year end)
• 2021-12-31 — Fiscal Year End (Prior fiscal year end)

Key Players & Entities

• AXT INC (company) — FILER
• 0001051627 (company) — CENTRAL INDEX KEY
• DE (company) — STATE OF INCORPORATION
• FREMONT (company) — CITY
• CA (company) — STATE
• 94538 (company) — ZIP
• 510.438.4734 (company) — BUSINESS PHONE
• AMERICAN XTAL TECHNOLOGY (company) — FORMER COMPANY

FAQ

Industry Context

AXT Inc. operates in the semiconductors and related devices industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for public companies related to shareholder meetings and corporate governance.

What Investors Should Do

1. Review the executive compensation details for key management personnel.
2. Examine the proposals to be voted on by shareholders.
3. Assess any changes in board composition or director nominations.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. No specific comparative data from a prior filing is immediately apparent in this excerpt.

Filing Documents

• axti-20240516xdef14a.htm (DEF 14A) — 1462KB
• axti-20240516xdef14a_a001.jpg (GRAPHIC) — 4KB
• axti-20240516xdef14a_a002.jpg (GRAPHIC) — 6KB
• axti-20240516xdef14a_a003.jpg (GRAPHIC) — 3KB
• axti-20240516xdef14a_a004.jpg (GRAPHIC) — 5KB
• axti-20240516xdef14a_a013.jpg (GRAPHIC) — 59KB
• axti-20240516xdef14a_a014.jpg (GRAPHIC) — 60KB
• axti-20240516xdef14a_a016.jpg (GRAPHIC) — 6KB
• axti-20240516xdef14a_bg001.jpg (GRAPHIC) — 186KB
• axti-20240516xdef14a_bg002.jpg (GRAPHIC) — 138KB
• 0001558370-24-004782.txt (&nbsp;) — 3413KB
• axti-20240516.xsd (EX-101.SCH) — 6KB
• axti-20240516_def.xml (EX-101.DEF) — 51KB
• axti-20240516_lab.xml (EX-101.LAB) — 12KB
• axti-20240516_pre.xml (EX-101.PRE) — 7KB
• axti-20240516xdef14a_htm.xml (XML) — 205KB

From the Filing

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 (Amendment No. ) 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 AXT, 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 paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 5, 2024 Dear Stockholder: You are cordially invited to attend the annual meeting of stockholders of AXT, Inc. on Thursday, May 16, 2024, at 11:00 a.m. Pacific Daylight Time. The meeting will be held at our principal offices located at 4281 Technology Drive, Fremont, California 94538. This year, we are continuing to use the Internet as our primary means of furnishing proxy materials to our stockholders. Consequently, most of our stockholders will not receive paper copies of our proxy materials. Instead, on or about April 5, 2024, we will send to these stockholders a notice with instructions to access the proxy materials and vote via the Internet. The notice will also provide information on how stockholders may obtain paper copies of our proxy materials if they so choose. This makes the proxy distribution process more efficient and less costly, and helps conserve natural resources. Whether or not you plan to attend the meeting, your vote is very important and we encourage you to vote promptly. As an alternative to voting in person at the annual meeting, you may vote via the Internet, by telephone or, if you receive a paper proxy card in the mail, by mailing the completed proxy card. It is important that you use this opportunity to take part in our affairs by voting on the business to come before this meeting. Regardless of the number of shares you own, your careful consideration of, and vote on, the matters before our stockholders is important. Thank you for your attention to these matters. Sincerely yours, Gary L. Fischer Chief Financial Officer and Corporate Secretary NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON THURSDAY, MAY 16, 2024 TO THE STOCKHOLDERS: Notice is hereby given that the annual meeting of the stockholders of AXT, Inc., a Delaware corporation, will be held on Thursday, May 16, 2024, at 11:00 a.m. Pacific Daylight Time, at our principal offices located at 4281 Technology Drive, Fremont, California 94538 , for the following purposes: 1. To elect one (1) Class II director to hold office for a three-year term and until his successor is elected and qualified. 2. To approve, on an advisory basis, the compensation of our Named Executive Officers. 3. To approve an amendment to the 2015 Equity Incentive Plan to increase the number of shares reserved for issuance thereunder by 3,600,000. 4. To ratify the appointment of BPM LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024. 5. To transact such other business as may properly come before the meeting. Stockholders of record at the close of business on March 22, 2024 are entitled to notice of, and to vote at, this meeting and any adjournment or postponement. For ten days prior to the meeting, a complete list of stockholders entitled to vote at the meeting will be available for examination by any stockholder, for any purpose relating to the meeting, during ordinary business hours at our principal offices located at 4281 Technology Drive, Fremont, California 94538. By order of the Board of Directors, Gary L. Fischer Chief Financial Officer and Corporate Secretary Fremont, California April 5, 2024 IMPORTANT: Your vote is important. Whether or not you plan to attend the meeting, we encourage you to vote your shares via a toll-free telephone number or over the Internet according to the instructions on the proxy card. To vote and submit your proxy by mail, please fill in, date, sign and promptly mail the enclosed proxy card in the accompanying postage-paid envelope to ensure that your shares are represented at the meeting. If you attend the meeting, you may choose to vote in person even if you have previously sent in your proxy card. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON THURSDAY, MAY 16, 2024 The proxy materials, including this proxy statement, proxy card or voting instruction card and our 2023 Annual Report, are being distributed and made available on or about April 5, 2024. This proxy statement contains important information f

View Full Filing

View this DEF 14A filing on SEC EDGAR