Backblaze, Inc. Announces Annual Meeting of Stockholders on May 16, 2024
Ticker: BLZE · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 1462056
| Field | Detail |
|---|---|
| Company | Backblaze, Inc. (BLZE) |
| Form Type | DEF 14A |
| Filed Date | Apr 5, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Backblaze, Annual Meeting, Proxy Statement, Virtual Meeting, Stockholder Vote
TL;DR
<b>Backblaze, Inc. is holding its virtual Annual Meeting of Stockholders on May 16, 2024, and urges shareholders to vote.</b>
AI Summary
Backblaze, Inc. (BLZE) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Backblaze, Inc. will hold its Annual Meeting of Stockholders on May 16, 2024, at 11:00 a.m. Pacific Time. The meeting will be conducted virtually via a live audio webcast at www.virtualshareholdermeeting.com/BLZE2024. Stockholders are encouraged to vote via the Internet, telephone, or by mailing a proxy card. The company believes a virtual meeting enhances access, communication, and participation while reducing costs. Gleb Budman, CEO and Chairperson, signed the proxy statement dated April 5, 2024.
Why It Matters
For investors and stakeholders tracking Backblaze, Inc., this filing contains several important signals. The shift to a virtual meeting format aims to increase stockholder attendance and participation, potentially leading to more engaged governance. The proxy statement provides details on matters to be voted on, emphasizing the importance of stockholder input for company direction.
Risk Assessment
Risk Level: low — Backblaze, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
Analyst Insight
Stockholders should review the proxy materials carefully and cast their votes for the upcoming Annual Meeting to ensure their voice is heard.
Key Numbers
- May 16, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders)
- 11:00 a.m. Pacific Time — Annual Meeting Time (Time of the Annual Meeting of Stockholders)
Key Players & Entities
- Backblaze, Inc. (company) — Registrant and filer of the proxy statement
- May 16, 2024 (date) — Date of the Annual Meeting of Stockholders
- Gleb Budman (person) — Chief Executive Officer and Chairperson of the Board of Directors
- 201 Baldwin Avenue (location) — Company's business and mail address
- San Mateo, CA (location) — Company's business and mail address
- www.virtualshareholdermeeting.com/BLZE2024 (url) — Platform for attending the virtual Annual Meeting
- April 5, 2024 (date) — Date of the proxy statement filing
FAQ
When did Backblaze, Inc. file this DEF 14A?
Backblaze, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 5, 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 Backblaze, Inc. (BLZE).
Where can I read the original DEF 14A filing from Backblaze, Inc.?
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 Backblaze, Inc..
What are the key takeaways from Backblaze, Inc.'s DEF 14A?
Backblaze, Inc. filed this DEF 14A on April 5, 2024. Key takeaways: Backblaze, Inc. will hold its Annual Meeting of Stockholders on May 16, 2024, at 11:00 a.m. Pacific Time.. The meeting will be conducted virtually via a live audio webcast at www.virtualshareholdermeeting.com/BLZE2024.. Stockholders are encouraged to vote via the Internet, telephone, or by mailing a proxy card..
Is Backblaze, Inc. a risky investment based on this filing?
Based on this DEF 14A, Backblaze, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
What should investors do after reading Backblaze, Inc.'s DEF 14A?
Stockholders should review the proxy materials carefully and cast their votes for the upcoming Annual Meeting to ensure their voice is heard. The overall sentiment from this filing is neutral.
How does Backblaze, Inc. compare to its industry peers?
Backblaze, Inc. operates in the cloud storage and data backup industry, providing services to individuals and businesses.
Are there regulatory concerns for Backblaze, Inc.?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
Risk Factors
- Conduct of Annual Meeting [low — operational]: The company is holding a virtual-only Annual Meeting, which may present challenges for some stockholders to attend or participate fully.
Industry Context
Backblaze, Inc. operates in the cloud storage and data backup industry, providing services to individuals and businesses.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
What Investors Should Do
- Review the proxy materials for proposals and voting matters.
- Vote your shares prior to the Annual Meeting date.
- Attend the virtual Annual Meeting if possible to participate in discussions.
Key Dates
- 2024-05-16: Annual Meeting of Stockholders — Key date for stockholder participation and voting.
- 2024-04-05: Filing Date of Proxy Statement — Indicates when the company officially released proxy materials.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard proxy statement for an annual meeting and does not contain comparative financial data from a previous filing.
Filing Stats: 4,623 words · 18 min read · ~15 pages · Grade level 12.1 · Accepted 2024-04-05 06:01:07
Key Financial Figures
- $0.0001 — ;s Class A common stock, par value $0.0001 per share (“Class A Common
Filing Documents
- ny20024655x1_def14a.htm (DEF 14A) — 516KB
- logo_backblaze.jpg (GRAPHIC) — 41KB
- ny20024655x1_pc01.jpg (GRAPHIC) — 476KB
- ny20024655x1_pc02.jpg (GRAPHIC) — 358KB
- 0001140361-24-018072.txt ( ) — 1721KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION ​ ​ 20
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ​ ​ 23 EQUITY COMPENSATION PLAN INFORMATION ​ ​ 24 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS ​ ​ 25 AUDIT COMMITTEE REPORT ​ ​ 27 DELINQUENT SECTION 16(a) REPORTS ​ ​ 28 OTHER MATTERS ​ ​ 28 TABLE OF CONTENTS Backblaze, Inc. 201 Baldwin Ave San Mateo, CA 94401 PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS   This proxy statement is furnished in connection with solicitation of proxies by our Board of Directors for use at the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) to be held at 11:00 a.m. Pacific Time on Thursday, May 16, 2024, and any postponements or adjournments thereof. The Annual Meeting will be a virtual meeting of stockholders, which will be conducted via a live audio webcast. You will be able to virtually attend the Annual Meeting, submit your questions and vote online during the meeting by visiting www.virtualshareholdermeeting.com/BLZE2024 . Beginning on or about April 5, 2024, we mailed to our stockholders a Notice of Internet Availability of Proxy Materials (the “Notice”), containing instructions on how to access this proxy statement for the 2024 Annual Meeting and our annual report for the year ended December 31, 2023 (the “Annual Report”). As used in this proxy statement, the terms “Backblaze,” “Company,” “we,” “us,” and “our” mean Backblaze, Inc. unless the context indicates otherwise. QUESTIONS AND ANSWERS ABOUT PROCEDURAL MATTERS Q: Why are you holding a virtual meeting, and how can stockholders attend? A: We have adopted a virtual meeting format for our Annual Meeting this year because we believe a virtual meeting provides expanded access, improved communication, increased opportunity for stockholder att