BRC Inc. Announces 2024 Annual Meeting of Stockholders on April 30
Ticker: BRCC · Form: DEF 14A · Filed: Mar 18, 2024 · CIK: 1891101
Sentiment: neutral
Topics: BRC Inc., Annual Meeting, Proxy Statement, Virtual Meeting, Stockholder Vote
TL;DR
<b>BRC Inc. is holding its 2024 Annual Meeting of Stockholders virtually on April 30, 2024, urging all shareholders to vote.</b>
AI Summary
BRC Inc. (BRCC) filed a Proxy Statement (DEF 14A) with the SEC on March 18, 2024. BRC Inc. will hold its 2024 Annual Meeting of Stockholders on April 30, 2024, at 11:00 a.m. Eastern Time. The meeting will be conducted entirely online via a live webcast at www.virtualshareholdermeeting.com/BRCC2024. Stockholders are encouraged to vote their shares, whether or not they plan to attend the virtual meeting. The record date for determining stockholders entitled to vote is March 4, 2024. The company is filing a Definitive Proxy Statement (DEF 14A) on March 18, 2024.
Why It Matters
For investors and stakeholders tracking BRC Inc., this filing contains several important signals. The virtual format allows for broader participation and accessibility for stockholders regardless of their location. The proxy statement provides essential information for stockholders to make informed voting decisions on company matters.
Risk Assessment
Risk Level: low — BRC 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 changes indicated.
Analyst Insight
Review the proxy statement to understand the proposals and vote your shares by the deadline to ensure your voice is heard.
Key Numbers
- 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
- April 30 — Meeting Date (Tuesday, April 30, 2024)
- 11:00 a.m. ET — Meeting Time (11:00 a.m. Eastern Time)
- March 4 — Record Date (March 4, 2024)
- March 18 — Filing Date (March 18, 2024)
Key Players & Entities
- BRC Inc. (company) — Registrant
- Chris Mondzelewski (person) — Chief Executive Officer
- April 30, 2024 (date) — Annual Meeting date
- March 4, 2024 (date) — Record date
- March 18, 2024 (date) — Filing date
- 11:00 a.m. Eastern Time (time) — Annual Meeting time
- www.virtualshareholdermeeting.com/BRCC2024 (url) — Virtual meeting link
FAQ
When did BRC Inc. file this DEF 14A?
BRC Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 18, 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 BRC Inc. (BRCC).
Where can I read the original DEF 14A filing from BRC 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 BRC Inc..
What are the key takeaways from BRC Inc.'s DEF 14A?
BRC Inc. filed this DEF 14A on March 18, 2024. Key takeaways: BRC Inc. will hold its 2024 Annual Meeting of Stockholders on April 30, 2024, at 11:00 a.m. Eastern Time.. The meeting will be conducted entirely online via a live webcast at www.virtualshareholdermeeting.com/BRCC2024.. Stockholders are encouraged to vote their shares, whether or not they plan to attend the virtual meeting..
Is BRC Inc. a risky investment based on this filing?
Based on this DEF 14A, BRC Inc. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.
What should investors do after reading BRC Inc.'s DEF 14A?
Review the proxy statement to understand the proposals and vote your shares by the deadline to ensure your voice is heard. The overall sentiment from this filing is neutral.
How does BRC Inc. compare to its industry peers?
BRC Inc. operates in the beverages industry, specifically focusing on coffee and related products.
Are there regulatory concerns for BRC Inc.?
The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.
Industry Context
BRC Inc. operates in the beverages industry, specifically focusing on coffee and related products.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.
What Investors Should Do
- Review the proxy statement for details on proposals and director nominations.
- Vote your shares using the provided instructions (Internet, phone, or virtual meeting).
- Ensure your shares are voted by the deadline to influence company decisions.
Key Dates
- 2024-04-30: Annual Meeting of Stockholders — Key date for stockholders to vote and participate in company governance.
- 2024-03-04: Record Date — Determines which stockholders are eligible to vote at the annual meeting.
- 2024-03-18: Filing Date of Proxy Statement — Indicates when the company officially released information for the annual meeting.
Year-Over-Year Comparison
This is a routine DEF 14A filing for the annual meeting, providing details on upcoming proposals and the meeting logistics.
Filing Stats: 4,419 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2024-03-18 16:35:19
Key Financial Figures
- $395.6 million — total revenue grew by 31% from 2022 to $395.6 million. The meaningful increase in revenue was
- $100 million — b; ​ In one year we have built a $100 million business with the largest nationwide re
- $4 million — 2022; ​ ​ We donated over $4 million in cash and coffee to Veteran, active d
- $517,618 — ely aligned with our mission: • $517,618 to Special Operations Warrior Foundatio
- $413,084 — awarded the Medal of Honor. • $413,084 to the National Medal of Honor Museum.
- $287,000 — ients of the Medal of Honor. • $287,000 to HunterSeven Foundation. An organizat
- $50,000 — es among post-9/11 Veterans. • $50,000 to Screaming Eagles Aviation Associatio
- $25,000 — vice-connected disabilities. • $25,000 to Travis Manion Foundation. A charitab
- $500,000 — Veteran mental health issues: • $500,000 to Boot Campaign. An organization that
- $250,000 — lf-medication, and insomnia. • $250,000 to Infinite Hero. An organization whose
- $75,000 — tatement TABLE OF CONTENTS • $75,000 to Veterans Exploring Treatment Solutio
- $4,118,620 — nated in our 2023 year of giving equals $4,118,620, and can be broken down as follows: &#
- $2,457,618 — as follows: • Cash Donations = $2,457,618 • Coffee Donation = 69,411 bag
- $1,225,220 — 2022; Coffee Donation = 69,411 bags, or $1,225,220 (MSRP) • Merchandise Donated =
- $435,782 — (MSRP) • Merchandise Donated = $435,782 (MSRP) • TOTAL DONATED = $4,11
Filing Documents
- ny20017365x2_def14a.htm (DEF 14A) — 854KB
- logo_brc.jpg (GRAPHIC) — 62KB
- logo_brcx1.jpg (GRAPHIC) — 32KB
- ny20017365x2_four.jpg (GRAPHIC) — 7KB
- ny20017365x2_internet.jpg (GRAPHIC) — 8KB
- ny20017365x2_mail.jpg (GRAPHIC) — 7KB
- ny20017365x2_meeting.jpg (GRAPHIC) — 7KB
- ny20017365x2_one.jpg (GRAPHIC) — 7KB
- ny20017365x2_pc01.jpg (GRAPHIC) — 527KB
- ny20017365x2_pc02.jpg (GRAPHIC) — 550KB
- ny20017365x2_phone.jpg (GRAPHIC) — 6KB
- ny20017365x2_skillset.jpg (GRAPHIC) — 123KB
- ny20017365x2_three.jpg (GRAPHIC) — 7KB
- ny20017365x2_two.jpg (GRAPHIC) — 7KB
- 0001140361-24-013942.txt ( ) — 2711KB
Executive Compensation
Executive Compensation 33 2023 Summary Compensation Table 35 Compensation Philosophy 35 Elements of NEO Compensation 36 Agreements with Named Executive Officers 38 Outstanding Equity Awards at Fiscal Year-End 41 Equity Compensation Plan Information 42 43 Certain Relationships and Related Party Transactions 47 Related Person Policy of the Company 47 Additional Information 49 Availability of Certain Information 49 Householding 49 Stockholder Proposals and Nominations to be Included in Next Year’s Proxy Statement 49 Other Matters 50 TABLE OF CONTENTS Proxy Statement Summary This summary highlights information that is contained elsewhere in this Proxy Statement. It does not include all information necessary to make a voting decision and you should read this Proxy Statement in its entirety before casting your vote. References to “BRCC,” “Black Rifle Coffee,” “Black Rifle Coffee Company,” the “Company,” “we,” “us,” or “our” refer to BRC Inc., together with its controlled subsidiaries, unless the context requires otherwise. Black Rifle Coffee Company at a Glance Black Rifle Coffee Company is a rapidly growing Veteran-controlled and led coffee and media company that operates through three channels: Wholesale, Direct to Consumer (“DTC”), and our Outposts. Our business started with a loyal and quickly expanding community of consumers through our DTC channel and we now have more than 225,800 active Coffee Club subscribers as of December 31, 2023. We are now experiencing rapid growth in our Wholesale channel as we have continued our expansion into grocery stores, specialty stores, and other intermediaries. We have also experienced growth in our Outpost channel as we opened additional company owned stores and franchises in 2023. At Black Rifle Coffee, we develop our roast profiles with