Babcock & Wilcox Enterprises, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Babcock & Wilcox Enterprises, Inc. invites stockholders to its virtual 2024 Annual Meeting on May 15, 2024, to vote on key proposals.</b>

AI Summary

Babcock & Wilcox Enterprises, Inc. (BW-PA) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Babcock & Wilcox Enterprises, Inc. (BW) will hold its 2024 Annual Meeting of Stockholders on May 15, 2024. The meeting will be conducted virtually, starting at 10:30 a.m. Eastern Time. Stockholders can attend online and submit questions at www.virtualshareholdermeeting.com/BW2024. Electronic voting is available during the meeting, except for shares in the B&W Thrift Plan. The proxy statement details 2023 activities and proposals for the Annual Meeting.

Why It Matters

For investors and stakeholders tracking Babcock & Wilcox Enterprises, Inc., this filing contains several important signals. This proxy statement provides stockholders with essential information regarding the upcoming annual meeting, including proposals to be voted upon and details of the company's performance and governance. The virtual format allows for broader participation and accessibility for stockholders, while also facilitating the submission of questions and electronic voting.

Risk Assessment

Risk Level: low — Babcock & Wilcox Enterprises, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant strategic changes, indicating a low level of immediate risk.

Analyst Insight

Stockholders should review the proxy statement to understand the proposals and vote their shares prior to the May 15, 2024, Annual Meeting.

Key Numbers

• 2024 — Annual Meeting Year (Babcock & Wilcox Enterprises, Inc. 2024 Annual Meeting of Stockholders)
• May 15 — Annual Meeting Date (Annual Meeting will be held on May 15, 2024)
• 10:30 a.m. ET — Annual Meeting Time (Meeting begins at 10:30 a.m. Eastern Time)

Key Players & Entities

• Babcock & Wilcox Enterprises, Inc. (company) — Registrant name
• May 15, 2024 (date) — Date of Annual Meeting
• 10:30 a.m. Eastern Time (time) — Start time of Annual Meeting
• www.virtualshareholdermeeting.com/BW2024 (url) — Link to virtual meeting
• B&W Thrift Plan (plan) — Specific plan mentioned for voting
• 2023 (date) — Year of highlighted activities
• Akron, Ohio (location) — Company headquarters location
• 1200 E. Market Street, Suite 650 (address) — Company business address

FAQ

Industry Context

Babcock & Wilcox Enterprises, Inc. operates in the industrial sector, focusing on engineered solutions for the power generation and industrial markets.

Regulatory Implications

The filing is a DEF 14A, a standard proxy statement required by the SEC for companies soliciting shareholder votes.

What Investors Should Do

1. Review the proxy statement for details on proposals and director nominees.
2. Vote your shares electronically before or during the Annual Meeting on May 15, 2024.
3. Access the virtual meeting at www.virtualshareholdermeeting.com/BW2024.

Key Dates

• 2024-05-15: Annual Meeting of Stockholders — Key date for stockholder voting and participation.
• 2024-04-05: Filing Date — Date the proxy statement was filed with the SEC.

Year-Over-Year Comparison

This filing is a preliminary proxy statement (DEF 14A) for the upcoming annual meeting, not a report of financial performance compared to a previous filing.

Filing Documents

• tm242832d8_def14a.htm (DEF 14A) — 1827KB
• lg_babcockwilcox-4clr.jpg (GRAPHIC) — 10KB
• sg_kennethyoung-bw.jpg (GRAPHIC) — 5KB
• sg_johndziewisz-4c.jpg (GRAPHIC) — 6KB
• ph_henrybartoli-4clr.jpg (GRAPHIC) — 21KB
• ph_naomiboness-4clr.jpg (GRAPHIC) — 18KB
• ph_philipmoeller-4clr.jpg (GRAPHIC) — 25KB
• ph_alanhowe-4clr.jpg (GRAPHIC) — 18KB
• ph_rebeccastahl-4clr.jpg (GRAPHIC) — 22KB
• ph_josephatato-4clr.jpg (GRAPHIC) — 17KB
• ph_kennethyoung-4c.jpg (GRAPHIC) — 19KB
• bc_tsr-4c.jpg (GRAPHIC) — 57KB
• lc_companypeer-4c.jpg (GRAPHIC) — 50KB
• bc_netincome-4c.jpg (GRAPHIC) — 54KB
• bc_ebitda-4c.jpg (GRAPHIC) — 55KB
• px_24bwenterproxy01pg01-bwlr.jpg (GRAPHIC) — 239KB
• px_24bwenterproxy01pg02-4clr.jpg (GRAPHIC) — 219KB
• 0001104659-24-044259.txt (&nbsp;) — 4944KB
• bw-20231231.xsd (EX-101.SCH) — 8KB
• bw-20231231_def.xml (EX-101.DEF) — 8KB
• bw-20231231_lab.xml (EX-101.LAB) — 23KB
• bw-20231231_pre.xml (EX-101.PRE) — 7KB
• tm242832d8_def14a_htm.xml (XML) — 295KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 18 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 20 APPROVAL OF AMENDMENTS TO OUR CERTIFICATE OF INCORPORATION TO REMOVE PROVISIONS THAT REQUIRE THE AFFIRMATIVE VOTE OF HOLDERS OF AT LEAST 80% OF THE VOTING POWER TO APPROVE CERTAIN AMENDMENTS TO THE CERTIFICATE OF INCORPORATION AND BYLAWS (PROPOSAL 4) 22 Recommendation and Vote Required 22 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR YEAR ENDING DECEMBER 31, 2024 (PROPOSAL 5) 23 Recommendation and Vote Required 23 AUDIT AND FINANCE COMMITTEE REPORT 24 APPROVAL, ON A NON-BINDING ADVISORY BASIS, OF NAMED EXECUTIVE OFFICER COMPENSATION (PROPOSAL 6) 25 Effect of Proposal 25 Recommendation and Vote Required 25 COMPENSATION DISCUSSION AND ANALYSIS 26 Table of Contents 26 Executive Summary 26 i TABLE OF CONTENTS Page We Are Committed to Compensation Best Practices 29 Key 2023 Compensation Decisions 31 COMPENSATION COMMITTEE REPORT 35 COMPENSATION OF NAMED EXECUTIVE OFFICERS 36 2023 Summary Compensation Table 36 2023 Grants of Plan-Based Awards 38 Outstanding Equity Awards at 2023 Fiscal Year-End 39 2023 Option Exercises and Stock Vested 40 2023 Pension Benefits 40 2023 Non-qualified Deferred Compensation 41 Potential Payments Upon Termination or Change In Control 41 CEO PAY RATIO 45 PAY VERSUS PERFORMANCE 45 STOCKHOLDERS' PROPOSALS 50 GENERAL INFORMATION 50 VOTING INFORMATION 51 Record Date and Who May Vote 51 How to Vote 51 How to Change Your Vote or Revoke Your Proxy 52 How to Participate in the Annual Meeting 52 How to locate your 16-digit control number prior to the day of the Annual Meeting 52 Quorum 52 Proposals Presented for Vote 52 Vote Required 53 Confidential Voting 54 ii TABLE OF CONTENTS ***** C autionary S tatement C oncerning F orward -L ooking I nf

View Full Filing

View this DEF 14A filing on SEC EDGAR