CBIZ, Inc. Files Definitive Proxy Statement

TL;DR

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

AI Summary

CBIZ, Inc. (CBZ) filed a Proxy Statement (DEF 14A) with the SEC on March 25, 2024. CBIZ, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 25, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 5959 Rockside Woods Blvd N., Suite 600, Independence, OH 44131. CBIZ, Inc. was formerly known as Century Business Services Inc. and International Alliance Services Inc. The filing includes data related to equity awards and pension values for the years 2020, 2021, and 2022.

Why It Matters

For investors and stakeholders tracking CBIZ, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, director elections, and other corporate governance matters, enabling informed voting decisions. The detailed breakdown of equity awards and pension values for recent fiscal years offers insight into the company's compensation strategies and potential liabilities.

Risk Assessment

Risk Level: low — CBIZ, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for publicly traded companies and does not indicate any unusual financial or operational distress.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to understand potential impacts on corporate governance and future strategy.

Key Numbers

• 2024-03-25 — Filing Date (DEF 14A filing date)
• 2023-12-31 — Fiscal Year End (Reporting period)
• 2020-01-01 to 2022-12-31 — Data Period (Years for which equity and pension data are provided)

Key Players & Entities

• CBIZ, Inc. (company) — Filer
• Century Business Services Inc. (company) — Former company name
• International Alliance Services Inc. (company) — Former company name
• 5959 Rockside Woods Blvd N., Suite 600, Independence, OH 44131 (location) — Business address

FAQ

Industry Context

CBIZ, Inc. operates in the business services sector, providing a range of services including accounting, tax, and employee benefits.

Regulatory Implications

As a publicly traded company, CBIZ, Inc. is subject to SEC regulations requiring the filing of proxy statements to ensure transparency and shareholder rights.

What Investors Should Do

1. Analyze the detailed executive compensation packages and any proposed equity awards.
2. Review director nominations and qualifications presented in the filing.
3. Examine any shareholder proposals and the company's recommendations.

Key Dates

• 2024-03-25: Filing of DEF 14A — Indicates the company is providing shareholders with information for upcoming meetings and votes.
• 2024-05-09: Period of Report — The date as of which the information in the proxy statement is reported.

Year-Over-Year Comparison

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

Filing Documents

• d644700ddef14a.htm (DEF 14A) — 751KB
• g644700g00b02.jpg (GRAPHIC) — 48KB
• g644700g00b03.jpg (GRAPHIC) — 68KB
• g644700g00b04.jpg (GRAPHIC) — 71KB
• g644700g00b05.jpg (GRAPHIC) — 83KB
• g644700g01k03.jpg (GRAPHIC) — 49KB
• g644700g04g04.jpg (GRAPHIC) — 180KB
• g644700g05g05.jpg (GRAPHIC) — 151KB
• 0001193125-24-076506.txt (&nbsp;) — 3050KB
• cbz-20231231.xsd (EX-101.SCH) — 5KB
• cbz-20231231_def.xml (EX-101.DEF) — 5KB
• cbz-20231231_lab.xml (EX-101.LAB) — 8KB
• cbz-20231231_pre.xml (EX-101.PRE) — 5KB
• d644700ddef14a_htm.xml (XML) — 209KB

Security Ownership Of Certain Beneficial Owners And Management

Security Ownership Of Certain Beneficial Owners And Management 11 Directors Meetings and Committees of the Board of Directors 12 Independent Directors Meetings 12 Communication with the Board of Directors 13 Standing Committees of the Board of Directors 13 Directors' Role in Risk Oversight 16 Code of Professional Conduct and Ethics Guide 16 ESG and CSR Programs, and SASB-Related Disclosures 16 Director Independence 19 Company Leadership Structure 19 Report Of The Audit Committee 20 Auditor Fees 21

Executive Compensation

Executive Compensation 22 Compensation Discussion and Analysis 22 Overview of Compensation Program 22 Compensation Philosophy and Objectives 22 Role of Executive Officers in Compensation Decisions 22 Setting Executive Compensation 23 2023 Executive Compensation Components 24 Tax and Accounting Implications 35 Compensation And Human Capital Committee Report 36 Compensation Risk Assessment 36 Compensation Recoupment Policy 36 Summary Compensation Table 37 Pay Ratio Disclosure 38 Pay vs. Performance Comparison 39 2023 Grants Of Plan-Based Awards 45 Outstanding Equity Awards At 2023 Fiscal Year-End 46 Option Exercises And Stock Vested In 2023 47 2023 Non-Qualified Deferred Compensation 47 Potential Payments upon Termination or Change in Control 48 Director Compensation 50 2023 Director Compensation Table 52 Certain Relationships And Related Transactions 54 Delinquent Section 16(A) Reports 54 Equity Compensation Plan Information 55 Shareholder Proposals 56 Expenses Of Solicitation 56 Householding 57 Other Matters 57 CBIZ, INC. PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS This proxy statement is furnished in connection with the solicitation by the Board of Directors (the "Board of Directors" or the "Board") of CBIZ, Inc. ("CBIZ" or the "Company") of proxies to be voted at the Annual Meeting of Shareholders (the "Annual Meeting") to be held on Thursday, May 9, 2024, and any adjournment or postponement thereof, for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. You may submit a proxy over the Internet, by telephone and, if you received paper copies of the proxy materials, by mail, by following the instructions on the proxy card. The Notice of Internet Availability of Proxy Materials (the "E-Proxy Notice") or, in some cases, the Notice of Annual Meeting, this proxy statement, CBIZ's Annual Report on Form 10-K for th

View Full Filing

View this DEF 14A filing on SEC EDGAR