CompX International Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>CompX International Inc. is holding its 2024 annual stockholder meeting on May 22, 2024, in Dallas, Texas, urging prompt voting.</b>

AI Summary

COMPX INTERNATIONAL INC (CIX) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. CompX International Inc. will hold its 2024 annual meeting of stockholders on May 22, 2024, at 10:00 a.m. local time. The meeting will take place at Three Lincoln Centre Conference Center, 5430 LBJ Freeway, Suite 350, Dallas, Texas. Stockholders are encouraged to vote their shares promptly, whether in person or by proxy. Loretta J. Feehan, Chair of the Board, and Scott C. James, President and CEO, signed the notice. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 9, 2024.

Why It Matters

For investors and stakeholders tracking COMPX INTERNATIONAL INC, this filing contains several important signals. This filing is a standard proxy statement, indicating the company is preparing for its annual shareholder vote on corporate matters. The meeting date and location are crucial for shareholders to exercise their voting rights and participate in company governance.

Risk Assessment

Risk Level: — COMPX INTERNATIONAL INC shows moderate risk based on this filing. The filing is a routine proxy statement with no immediate financial or operational data, thus posing low risk.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals and vote accordingly before the May 22, 2024 meeting.

Key Numbers

• 2024 — Annual Meeting Year (2024 annual meeting of stockholders)
• May 22, 2024 — Meeting Date (will be held on Wednesday, May 22, 2024)
• 10:00 a.m. — Meeting Time (at 10:00 a.m., local time)

Key Players & Entities

• CompX International Inc. (company) — Registrant name
• Loretta J. Feehan (person) — Chair of the Board
• Scott C. James (person) — President and Chief Executive Officer
• May 22, 2024 (date) — Date of annual meeting
• April 9, 2024 (date) — Filing date
• Dallas, Texas (location) — Meeting location

FAQ

Industry Context

CompX International Inc. operates in the cutlery, handtools & general hardware industry. This filing is a routine proxy statement for its annual shareholder meeting.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on proposals and director nominations.
2. Vote your shares by the meeting date to ensure your voice is heard.
3. Attend the annual meeting on May 22, 2024, if possible, to participate directly.

Key Dates

• 2024-05-22: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and participation.
• 2024-04-09: Filing Date of DEF 14A — Indicates when the proxy statement was officially submitted to the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an annual meeting, not a report on financial performance compared to a previous filing.

Filing Documents

• cix-20240522xdef14a.htm (DEF 14A) — 815KB
• cix-20240522xdef14a001.jpg (GRAPHIC) — 7KB
• cix-20240522xdef14a002.jpg (GRAPHIC) — 7KB
• cix-20240522xdef14a003.jpg (GRAPHIC) — 6KB
• cix-20240522xdef14a004.jpg (GRAPHIC) — 4KB
• cix-20240522xdef14a011.jpg (GRAPHIC) — 48KB
• cix-20240522xdef14a012.jpg (GRAPHIC) — 43KB
• cix-20240522xdef14a014.jpg (GRAPHIC) — 4KB
• cix-20240522xdef14a015.jpg (GRAPHIC) — 1KB
• cix-20240522xdef14a016.jpg (GRAPHIC) — 1KB
• cix-20240522xdef14a017.jpg (GRAPHIC) — 3KB
• cix-20240522xdef14a018.jpg (GRAPHIC) — 3KB
• cix-20240522xdef14a019.jpg (GRAPHIC) — 5KB
• 0001049606-24-000006.txt (&nbsp;) — 1576KB
• cix-20240522.xsd (EX-101.SCH) — 4KB
• cix-20240522_lab.xml (EX-101.LAB) — 4KB
• cix-20240522_pre.xml (EX-101.PRE) — 3KB
• cix-20240522xdef14a_htm.xml (XML) — 92KB

SECURITY OWNERSHIP

SECURITY OWNERSHIP 5 5 7 PROPOSAL 1: ELECTION OF DIRECTORS 8 Nominees for Director 8 EXECUTIVE OFFICERS 10 CORPORATE GOVERNANCE 11 Controlled Company Status, Director Independence and Committees 11 2023 Meetings and Standing Committees of the Board of Directors 11 Audit Committee 11 Management Development and Compensation Committee 12 Risk Oversight 12 Identifying and Evaluating Director Nominees 12 Leadership Structure of the Board of Directors and Independent Director Meetings 13 Stockholder Proposals and Director Nominations for the 2025 Annual Meeting of Stockholders 13 Communications with Directors 14 Compensation Committee Interlocks and Insider Participation 14 Code of Business Conduct and Ethics 14 Corporate Governance Guidelines 14 Availability of Corporate Governance Documents 14 Employee, Officer and Director Hedging 15 COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS AND OTHER INFORMATION 15 Compensation Discussion and Analysis 15 Compensation Committee Report 19 Summary of Cash and Certain Other Compensation of Executive Officers 20 No Grants of Plan-Based Awards 21 No Outstanding Equity Awards at December 31, 2023 21 No Option Exercises or Stock Vested 21 Pension Benefits 21 Nonqualified Deferred Compensation 21 Pay Ratio Disclosure 21 Director Compensation 21 Pay Versus Performance 23 Compensation Policies and Practices as They Relate to Risk Management 25 Compensation Consultants 25 SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 25 CERTAIN RELATIONSHIPS AND TRANSACTIONS 25 Related Party Transaction Policy 25 Relationships with Related Parties 26 Intercorporate Services Agreements 27 Risk Management Program 27 Tax Matters 28 Related Party Loans for Cash Management Purposes 29 AUDIT COMMITTEE REPORT 31 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM MATTERS 32 Ind

SECURITY OWNERSHIP

SECURITY OWNERSHIP CompX Class A Common Stock (1) Amount and Nature of Percent of Beneficial Owner Beneficial Ownership Class (2) 5% Stockholders Harold C. Simmons Family Trust No. 2 10,755,104 (3)(4) 87.3 % Lisa K. Simmons 10,755,104 (3)(4) 87.3 % Directors and Named Executive Officers Thomas E. Barry 8,850 (5) * Loretta J. Feehan 10,850 (5) * Terri L. Herrington 6,850 (5) * Scott C. James -0- (5) -0- Ann Manix 7,025 (5) * Gina A. Norris -0- (5) -0- Michael S. Simmons -0- (5) -0- Mary A. Tidlund 7,850 (5) * Bart W. Reichert -0- (5) -0- Amy E. Ruf -0- (5) -0- Amy A. Samford 1,000 (5) * Current directors and executive officers as a group (16 persons) 46,732 (5) * * Less than 1%. (1) Beneficial ownership as reported in the above table has been determined in accordance with Rule 13d-3 under the Securities Exchange Act, and is not necessarily indicative of beneficial ownership for any other purpose. Except as otherwise noted, the listed entities, individuals or group have sole investment power and sole voting power as to all shares set forth opp

View Full Filing

View this DEF 14A filing on SEC EDGAR