Cooper-Standard Holdings Inc. Files Definitive Proxy Statement

Ticker: CPS · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 1320461

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Cooper-Standard Holdings, Corporate Governance, Shareholder Meeting

TL;DR

<b>Cooper-Standard Holdings Inc. has filed its Definitive Proxy Statement for the period ending May 16, 2024.</b>

AI Summary

Cooper-Standard Holdings Inc. (CPS) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Cooper-Standard Holdings Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 16, 2024. The company's fiscal year ends on December 31. Cooper-Standard Holdings Inc. is incorporated in Delaware. The company's business address is 40300 Traditions Drive, Northville, MI 48168.

Why It Matters

For investors and stakeholders tracking Cooper-Standard Holdings Inc., this filing contains several important signals. This DEF 14A filing is a standard requirement for public companies to provide shareholders with information regarding upcoming meetings, director nominations, executive compensation, and other corporate governance matters. Shareholders should review this document to understand key proposals, director qualifications, and compensation details before voting at the annual meeting.

Risk Assessment

Risk Level: low — Cooper-Standard Holdings Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material events or significant changes are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the proxy statement for details on executive compensation, director elections, and any shareholder proposals to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did Cooper-Standard Holdings Inc. file this DEF 14A?

Cooper-Standard Holdings Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 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 Cooper-Standard Holdings Inc. (CPS).

Where can I read the original DEF 14A filing from Cooper-Standard Holdings 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 Cooper-Standard Holdings Inc..

What are the key takeaways from Cooper-Standard Holdings Inc.'s DEF 14A?

Cooper-Standard Holdings Inc. filed this DEF 14A on April 4, 2024. Key takeaways: Cooper-Standard Holdings Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024.. The filing covers the period ending May 16, 2024.. The company's fiscal year ends on December 31..

Is Cooper-Standard Holdings Inc. a risky investment based on this filing?

Based on this DEF 14A, Cooper-Standard Holdings Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate material events or significant changes are being disclosed beyond standard corporate governance information.

What should investors do after reading Cooper-Standard Holdings Inc.'s DEF 14A?

Review the proxy statement for details on executive compensation, director elections, and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does Cooper-Standard Holdings Inc. compare to its industry peers?

Cooper-Standard Holdings Inc. operates in the Motor Vehicle Parts & Accessories industry.

Are there regulatory concerns for Cooper-Standard Holdings Inc.?

The filing is a DEF 14A, which is a standard SEC filing for public companies related to shareholder meetings and corporate governance.

Industry Context

Cooper-Standard Holdings Inc. operates in the Motor Vehicle Parts & Accessories industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for public companies related to shareholder meetings and corporate governance.

What Investors Should Do

  1. Review the proxy statement for details on director nominations and elections.
  2. Analyze executive compensation packages and any proposed changes.
  3. Understand any shareholder proposals and the company's recommendation.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies and does not represent a change from previous filings of the same type.

Filing Stats: 4,433 words · 18 min read · ~15 pages · Grade level 16.1 · Accepted 2024-04-04 12:04:51

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 46 Ratio of the Annual Total Compensation of the Median-Paid Employee to the CEO 59 Pay Versus Performance 60 PROPOSAL 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITOR 65 Fees and Services of Independent Registered Public Accounting Firm 66 Report of the Audit Committee 67 Submitting Stockholder Proposals and Nominations for the 2025 Annual Meeting 68 Additional Information 68 Discretionary Voting of Proxies on Other Matters 68 i Table of Contents This proxy statement was first sent or made available to stockholders on or about April 4, 2024. Proxy Summary Proposals and Board Recommendations Proposal Board Recommendation Page 1 Election of Directors FOR ALL 8 2 Advisory Vote on Named Executive Officer Compensation FOR 33 3 Ratification of Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for 2024 FOR 65 Director Nominees 1 Table of Contents 2023 Business and Financial Highlights Functional Excellence Delivered world-class safety performance with 0.32 incident rate per 200,000 hours worked Achieved 98% green customer score cards for product quality Achieved 97% green customer score cards for new program launches Received awards for $175 million in annualized net new business Product and Technology Advancements Continued to introduce industry leading products and new technologies to support customer priorities Accelerated the expansion of our Fluid Handling Systems product line to expand total addressable market and competitive advantage Advanced patented FlushSeal technology into production on four vehicle programs Expanded use of digital technologies, including advanced analytics, robotics, and artificial intelligence, to modernize operating systems and enhance engineering capabilities Profitable Growth Successfully negotiated enhanced commercial agreements with sustainable pricing and inflation recoveries in all regions A

: Gender Identity Female Male Non-Binary Did not Disclose Gender

Part I: Gender Identity Female Male Non-Binary Did not Disclose Gender Directors 3 5 2

: Demographic Background

Part II: Demographic Background African American or Black 1 Alaskan Native or Native American Asian Hispanic or Latinx 1 Native Hawaiian or Pacific Islander White 5 1 Two or More Races or Ethnicities 1 LGBTQ+ Did Not Disclose Demographic Background 1 9 Table of Contents Director Recruitment Process Process The Board is responsible for selecting its own members and recommending them for election by the stockholders. The Board delegates the screening process to the Nominating and Corporate Governance Committee. The Nominating and Corporate Governance Committee, with the active involvement and input from the Chairman and CEO and other members of the Board, as appropriate, will consider candidates recommended by stockholders, management, members of the Board, and other sources as necessary, including search firms it may engage to assist in the identification and evaluation of qualified director candidates. The procedures for a stockholder to nominate director candidates are described under "Submitting Stockholder Proposals and Nominations for the 2025 Annual Meeting" in this proxy statement. The Nominating and Corporate Governance Committee will evaluate candidates recommended by the stockholders using the same criteria that it uses in evaluating any other candidate. The Nominating and Corporate Governance Committee is responsible for reviewing with the Board, on an annual basis, the appropriate skills and characteristics required of Board members, considering current Board composition, Company strategy and all relevant facts and circumstances at that time. In identifying and evaluating the suitability of nominees for director, the Nominating and Corporate Governance Committee takes into account the applicable requirements for directors under the Exchange Act and the NYSE listing rules. In addition, the Nominating and Corporate Governance Committee considers other criteria it deems appropriate and which may vary over time depending on the Board's

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