Broadwind, Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Broadwind, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

BROADWIND, INC. (BWEN) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Broadwind, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 2, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 3240 S. Central Avenue, Cicero, IL 60804. Broadwind, Inc. was formerly known as Broadwind Energy, Inc. and Tower Tech Holdings Inc. The SIC code for Broadwind, Inc. is 3360 (Nonferrous Foundries).

Why It Matters

For investors and stakeholders tracking BROADWIND, INC., this filing contains several important signals. This DEF 14A filing provides detailed information about executive compensation, director nominations, and other corporate governance matters for the fiscal year 2023, which is crucial for shareholders to make informed voting decisions. Understanding the company's historical structure, including its former names and SIC classification, provides context for its current operations and industry positioning.

Risk Assessment

Risk Level: low — BROADWIND, INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation and corporate governance proposals before the upcoming shareholder meeting.

Key Numbers

• 2024-04-02 — Filing Date (DEF 14A filing date)
• 2023-12-31 — Fiscal Year End (Period of report)
• 3360 — SIC Code (Nonferrous Foundries)
• 2008-03-04 — Name Change Date (Date Broadwind Energy, Inc. became Broadwind, Inc.)
• 2006-02-10 — Name Change Date (Date Tower Tech Holdings Inc. became Broadwind Energy, Inc.)
• 2000-07-26 — Name Change Date (Date Blackfoot Enterprises Inc became Tower Tech Holdings Inc.)

Key Players & Entities

• BROADWIND, INC. (company) — Filer name
• 3240 S. CENTRAL AVENUE (location) — Business and Mail Address
• CICERO (location) — Business and Mail City
• IL (location) — Business and Mail State
• 60804 (location) — Business and Mail ZIP
• BROADWIND ENERGY, INC. (company) — Former company name
• TOWER TECH HOLDINGS INC. (company) — Former company name
• BLACKFOOT ENTERPRISES INC (company) — Former company name

FAQ

Industry Context

Broadwind, Inc. operates in the nonferrous foundries sector, which involves the manufacturing of castings from metals other than iron.

Regulatory Implications

As a publicly traded company, Broadwind, Inc. is subject to SEC regulations, including the requirement to file a Definitive Proxy Statement (DEF 14A) annually.

What Investors Should Do

1. Review the executive compensation details to assess alignment with company performance.
2. Understand proposed corporate governance changes and vote accordingly.
3. Examine director nominations and qualifications.

Key Dates

• 2024-04-02: Filing of DEF 14A — Indicates the company is providing its annual proxy statement to shareholders.
• 2023-12-31: Fiscal Year End — The period covered by the financial and operational information in the filing.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard annual disclosure. No specific comparative data from a prior filing was provided in the extracted text.

Key Financial Figures

• $0.001 — d shares of our common stock, par value $0.001 per share (the " Common Stock "), from
• $15,000 — ng. We have agreed to pay Morrow Sodali $15,000, plus reasonable out-of-pocket expenses

Filing Documents

• bwen20240401_def14a.htm (DEF 14A) — 842KB
• b01.jpg (GRAPHIC) — 3KB
• cht01.jpg (GRAPHIC) — 45KB
• logo01.jpg (GRAPHIC) — 8KB
• mslogo01.jpg (GRAPHIC) — 9KB
• votingcard1.jpg (GRAPHIC) — 105KB
• votingcard2.jpg (GRAPHIC) — 77KB
• woodsig.jpg (GRAPHIC) — 8KB
• 0001437749-24-010574.txt (&nbsp;) — 2124KB
• bwen-20231231.xsd (EX-101.SCH) — 6KB
• bwen-20231231_def.xml (EX-101.DEF) — 7KB
• bwen-20231231_lab.xml (EX-101.LAB) — 13KB
• bwen-20231231_pre.xml (EX-101.PRE) — 6KB
• bwen20240401_def14a_htm.xml (XML) — 134KB

Security Ownership of Certain Beneficial Holders and Management

Security Ownership of Certain Beneficial Holders and Management 8 Directors and Director Compensation 9 Corporate Governance 13 Executive Officers 20 Compensation Discussion and Analysis 21 Certain Transactions and Business Relationships 35 Proposals to be Voted Upon 36 Proposal No. 1 Election of Directors 36 Proposal No. 2 Advisory (Non-Binding) Vote to Approve Compensation of Named Executive Officers 37 Proposal No. 3 Approval of Amendment to Certificate of Incorporation (Share Increase) 38 Proposal No. 4 Approval of Amendment to Certificate of Incorporation (Officer Exculpation) 39 Proposal No. 5 Ratification of Appointment of Independent Registered Public Accounting Firm 41 Other Matters 42 Appendix A-Certificate of Incorporation, as amended A-1 Appendix B-Amendment to Certificate of Incorporation (Share Increase) B-1 Appendix C-Amendment to Certificate of Incorporation (Officer Exculpation) C-1 3 Table of Contents BROADWIND, INC. PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 16, 2024 INTRODUCTION Your proxy is solicited by the Board of Directors (the " Board ") of Broadwind, Inc., a Delaware corporation (the " Company " or " Broadwind "), for the 2024 Annual Meeting of Stockholders (the " Annual Meeting ") to be held at 8:00 a.m. local time on May 16, 2024, at Broadwind's corporate office located at 3240 South Central Avenue, Cicero, Illinois 60804, for the purposes set forth on the Notice of Annual Meeting of Stockholders, and at any adjournment or postponement thereof. The mailing address of our principal executive office is 3240 South Central Avenue, Cicero, Illinois 60804. We expect that the Notice of Internet Availability of Proxy Materials will first be mailed to stockholders on or about April 2, 2024. As used in this Proxy Statement, the terms "the Company," "Broadwind," "we," "us" and "our" refer to Broadwind, Inc. You may vote over the Internet, or if you rece

View Full Filing

View this DEF 14A filing on SEC EDGAR