Cemtrex Inc. Announces Annual Shareholder Meeting on May 16, 2024
Ticker: CETXP · Form: DEF 14A · Filed: Mar 27, 2024 · CIK: 1435064
Sentiment: neutral
Topics: Cemtrex Inc., Annual Meeting, Proxy Statement, Shareholder Vote, Board of Directors
TL;DR
<b>Cemtrex Inc. will hold its Annual Shareholder Meeting on May 16, 2024, to elect directors and ratify auditors.</b>
AI Summary
CEMTREX INC (CETXP) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. Cemtrex Inc. will hold its Annual Meeting of Shareholders on May 16, 2024, at 9:30 a.m. EDT at the Hyatt Regency Long Island. Shareholders of record as of March 18, 2024, are entitled to vote at the meeting. The meeting agenda includes the election of four directors to the Board of Directors. Shareholders will also vote to ratify the selection of Grassi & Co. as the Company's independent registered public accounting firm. Proxy materials are available online for shareholders.
Why It Matters
For investors and stakeholders tracking CEMTREX INC, this filing contains several important signals. This meeting is a critical governance event where shareholders exercise their voting rights on board composition and auditor independence. The outcome of the director elections and auditor ratification will impact the company's strategic direction and financial oversight.
Risk Assessment
Risk Level: low — CEMTREX INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial or operational disclosures that would indicate significant risk.
Analyst Insight
Shareholders should review the proxy materials to make informed voting decisions on director nominees and auditor ratification.
Key Numbers
- 4 — Directors to be elected (Agenda item for the Annual Meeting)
- May 16, 2024 — Annual Meeting Date (Scheduled date for the shareholder meeting)
- March 18, 2024 — Record Date (Shareholders of record on this date are eligible to vote)
- 9:30 a.m. EDT — Meeting Time (Start time of the Annual Meeting)
Key Players & Entities
- CEMTREX INC (company) — Registrant
- Grassi & Co. (company) — independent registered public accounting firm
- Paul J. Wyckoff (person) — Interim Chief Financial Officer
- May 16, 2024 (date) — Annual Meeting date
- March 18, 2024 (date) — Record date for voting eligibility
- Hyatt Regency Long Island (company) — Meeting location
FAQ
When did CEMTREX INC file this DEF 14A?
CEMTREX INC filed this Proxy Statement (DEF 14A) with the SEC on March 27, 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 CEMTREX INC (CETXP).
Where can I read the original DEF 14A filing from CEMTREX 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 CEMTREX INC.
What are the key takeaways from CEMTREX INC's DEF 14A?
CEMTREX INC filed this DEF 14A on March 27, 2024. Key takeaways: Cemtrex Inc. will hold its Annual Meeting of Shareholders on May 16, 2024, at 9:30 a.m. EDT at the Hyatt Regency Long Island.. Shareholders of record as of March 18, 2024, are entitled to vote at the meeting.. The meeting agenda includes the election of four directors to the Board of Directors..
Is CEMTREX INC a risky investment based on this filing?
Based on this DEF 14A, CEMTREX INC presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting and does not contain new financial or operational disclosures that would indicate significant risk.
What should investors do after reading CEMTREX INC's DEF 14A?
Shareholders should review the proxy materials to make informed voting decisions on director nominees and auditor ratification. The overall sentiment from this filing is neutral.
How does CEMTREX INC compare to its industry peers?
Cemtrex Inc. operates in the electronics manufacturing sector, and its annual meeting is a standard corporate governance event.
Are there regulatory concerns for CEMTREX INC?
The filing is made under Schedule 14A of the Securities Exchange Act of 1934, governing proxy solicitations.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
- Shareholder Participation [low — operational]: The effectiveness of the annual meeting depends on sufficient shareholder participation and voting.
Industry Context
Cemtrex Inc. operates in the electronics manufacturing sector, and its annual meeting is a standard corporate governance event.
Regulatory Implications
The filing is made under Schedule 14A of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the list of director nominees and their qualifications.
- Evaluate the performance and independence of the proposed independent auditor, Grassi & Co.
- Ensure timely submission of proxy votes to exercise shareholder rights.
Key Dates
- 2024-05-16: Annual Meeting of Shareholders — Election of directors and ratification of auditors will occur.
- 2024-03-18: Record Date — Determines which shareholders are eligible to vote.
Year-Over-Year Comparison
This is a Definitive Proxy Statement (DEF 14A) filing, indicating it's the final version provided to shareholders for the upcoming annual meeting.
Filing Stats: 4,750 words · 19 min read · ~16 pages · Grade level 13.3 · Accepted 2024-03-27 16:13:02
Key Financial Figures
- $0.001 — 6 shares of its common stock, par value $0.001 per share (the “Common Stock&rdqu
Filing Documents
- formdef14a.htm (DEF 14A) — 240KB
- formdef14a_001.jpg (GRAPHIC) — 10KB
- formdef14a_002.jpg (GRAPHIC) — 226KB
- formdef14a_003.jpg (GRAPHIC) — 114KB
- 0001493152-24-011497.txt ( ) — 724KB
From the Filing
DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Definitive Additional Materials Soliciting Material Pursuant to Rule14a-12 CEMTREX INC (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 240.0-11 and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: CEMTREX INC. NOTICE OF ANNUAL MEETING OF SHAREHOLDERS Thursday May 16, 2024 To the Shareholders of CEMTREX INC.: NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders (the “Annual Meeting”) of CEMTREX INC., a Delaware corporation (the “Company”), will be held at the Hyatt Regency Long Island, 1717 Motor Parkway, Hauppauge, NY 11788, on Thursday May 16, 2024, at 9:30 a.m. Eastern Daylight Time, or at any adjournment thereof, for the following purposes: 1. To elect four directors to the Board of Directors; 2. To ratify the selection of Grassi Co. Certified Public Accountants as the Company’s independent registered public accounting firm; and 3. To consider and act upon such other business as may properly come before the Annual Meeting or any adjournment thereof. The above matters are set forth in the Proxy Statement attached to this Notice to which your attention is directed. Only shareholders of record on the books of the Company at the close of business on March 18, 2024, will be entitled to vote at the Annual Meeting or at any adjournment thereof. You are requested to sign, date and return the enclosed Proxy at your earliest convenience in order that your shares may be voted for you as specified. By Order of the Board of Directors, Paul J. Wyckoff Interim Chief Financial Officer, Cemtrex Inc. Important Notice Regarding Internet Availability of Proxy Materials for the Annual Meeting to Be Held on Thursday May 16, 2024: The proxy materials for the Annual Meeting, including the Annual Report and the Proxy Statement, are available at cleartrustonline.com/cemtrex. Dated: March 27, 2024 Hauppauge, New York 2 CEMTREX INC. 135 Fell Court Hauppauge, NY 11788 PROXY ANNUAL MEETING OF SHAREHOLDERS Thursday May 16, 2024 The Annual Meeting of Shareholders (the “Annual Meeting”) of CEMTREX INC. (the “Company”) will be held on Thursday May 16, 2024, at the Hyatt Regency Long Island, 1717 Motor Parkway, Hauppauge, NY 11788, at 9:30 a.m. Eastern Daylight Time for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders. The enclosed Proxy is solicited by and on behalf of the Board of Directors of the Company (“Board of Directors” or “Board”) for use at the Annual Meeting to be held on Thursday May 16, 2024, and at any adjournments of such Meeting. The approximate date on which this Proxy Statement and the enclosed Proxy are being first mailed to shareholders is April 3, 2024. If a Proxy in the accompanying form is duly executed and returned, the shares represented by such Proxy will be voted as specified. In the absence of such directions, the Proxy will be voted in accordance with the recommendations of management. Any person executing a Proxy may revoke it prior to its exercise either by letter directed to the Company or in person at the Annual Meeting. Outstanding Shares On March 18, 2024 (the “Record Date”), the Company had outstanding 1,055,636 shares of its common stock, par value $0.001 per share (the “Common Stock”). Shareholders are entitled to one vote for each share of common stock held as of the Record Date, or an aggregate of 1,055,636 votes. Pursuant to the certificate of designation relating to the Series C Preferred Stock, each issued and outstanding share