CKX Lands, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>CKX Lands, Inc. will hold its 2024 Annual Meeting of Shareholders on May 9, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>

AI Summary

CKX LANDS, INC. (CKX) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. Annual Meeting scheduled for May 9, 2024, at 10:00 a.m. central time. Shareholders of record as of March 28, 2024, are entitled to vote. Key agenda items include election of directors and ratification of independent auditors. Shareholders will vote on executive compensation in a non-binding advisory vote. Proxy materials are available online at www.envisionreports.com/ckx.

Why It Matters

For investors and stakeholders tracking CKX LANDS, INC., this filing contains several important signals. The meeting is a crucial opportunity for shareholders to exercise their voting rights on corporate governance matters, including director elections and executive pay. The availability of proxy materials online simplifies the process for shareholders to review information and cast their votes.

Risk Assessment

Risk Level: — CKX LANDS, INC. shows moderate risk based on this filing. The filing is a routine proxy statement with no immediate financial or operational changes indicated, suggesting low risk.

Analyst Insight

Shareholders should review the proxy materials and vote by the deadline to ensure their voice is heard on important corporate matters.

Key Numbers

• May 9, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders.)
• March 28, 2024 — Record Date (Shareholders of record on this date are entitled to vote.)
• 2024 — Fiscal Year (Fiscal year for which Malone Bailey LLP is proposed as auditor.)

Key Players & Entities

• CKX LANDS, INC. (company) — Registrant and filer of the proxy statement.
• Malone Bailey LLP (company) — Proposed independent registered public accounting firm.
• W. Gray Stream (person) — President of CKX Lands, Inc.
• March 28, 2024 (date) — Record date for shareholder eligibility to vote.
• May 9, 2024 (date) — Date of the Annual Meeting of Shareholders.

FAQ

Industry Context

CKX Lands, Inc. operates in the crude petroleum and natural gas sector, and this filing pertains to its annual shareholder meeting and corporate governance.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement and annual report for detailed information on director nominees and proposals.
2. Vote your shares by proxy or in person at the Annual Meeting on May 9, 2024.
3. Ensure your proxy card is signed, dated, and returned promptly if voting by mail.

Key Dates

• 2024-05-09: Annual Meeting of Shareholders — Shareholders will vote on key corporate matters.
• 2024-03-28: Record Date — Determines eligibility to vote at the Annual Meeting.
• 2024-04-08: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Glossary

DEF 14A

Definitive Proxy Statement (This filing type indicates the company is providing definitive proxy materials to shareholders for an upcoming meeting.)

Proxy Statement

A document filed with the SEC that contains information that shareholders need to make informed voting decisions. (Essential for shareholders to understand the proposals and nominees before voting at the annual meeting.)

Year-Over-Year Comparison

This is a routine proxy statement filing for the upcoming annual meeting and does not appear to be a comparison to a prior filing.

Key Financial Figures

• $300 — (1) Mr. Boyer's compensation includes $300 per regular meeting attended as Company

Filing Documents

• ckx20240327_def14a.htm (DEF 14A) — 233KB
• neocap01.jpg (GRAPHIC) — 21KB
• neocap02.jpg (GRAPHIC) — 22KB
• proxy1_page1.jpg (GRAPHIC) — 192KB
• proxy1_page2.jpg (GRAPHIC) — 159KB
• proxy2_page1.jpg (GRAPHIC) — 148KB
• proxy2_page2.jpg (GRAPHIC) — 109KB
• 0001437749-24-011316.txt (&nbsp;) — 1130KB

: ELECTION OF DIRECTORS

ITEM 1: ELECTION OF DIRECTORS The By-Laws of the Company specify that the Board fixes the number of directors from time to time, but the number may not be less than five nor more than fifteen. The Board has fixed the number of directors from and after the Annual Meeting at eight. Each director will hold office for one year and until either his or her successor is elected and qualified or there is a decrease in the number of directors. On the recommendation of the Nominating Committee, the Board of Directors has nominated the persons listed below for election as director. If a nominee should become unavailable for election, the persons voting the accompanying proxy may in their discretion vote for a substitute. All nominees have been with the same organization and in the same position as listed below for the past five years unless noted. The table below also includes the specific qualifications and experience of each nominee that led to the conclusion that the nominee should serve as a director. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH OF THE NOMINEES NAMED BELOW. Name Age Experience and Qualifications Director Since Lee W. Boyer 66 Retired Partner of Stockwell, Sievert, Viccellio, Clements & Shaddock, L.L.P. law firm and Secretary of CKX Lands, Inc. since 2020. Former President and Treasurer from 2018 to 2020 of CKX Lands, Inc.; Former President, Second University Homesites, Inc.; Manager, Jones-Boyer, LLC; Manager, Boyer Properties, LLC, which are residential and commercial property management companies. Director, Mallard Bay, LLC, a land management company. Mr. Boyer's experience in land management and real estate makes him qualified to serve as a director. 2016 Keith Duplechin 62 Principal, First Capital Group, LLC and AdSource, LLC. Mr. Duplechin's experience in land management, real estate, banking, and financial matters make him qualified to serve as a director. 2018 Daniel J. Englander 55 Founder and managing partner of Ursula

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Our named executive officers are William Gray Stream, President, and Scott A. Stepp, Chief Financial Officer. Mr. Stream's biographical information is given above in "Item 1: Election of Directors." Mr. Stepp, who is 46, was appointed Chief Financial Officer of the Company effective May 9, 2022. He is the Chief Investment Officer of Matilda Stream Management, Inc. ("MSM"), a private family office and investment holding company that manages a diverse set of operating businesses, investments and assets, including approximately 100,000 acres of land in Louisiana. Mr. Stepp has held his position with MSM since 2014. Mr. Stream is the President of MSM. Summary Compensation Table Name and Position Year Salary (1) Stock Awards (2) Total W. Gray Stream, President and Chairman of the Board of Directors

View Full Filing

View this DEF 14A filing on SEC EDGAR