Chicago Rivet & Machine Co. Announces Annual Meeting of Shareholders on May 14, 2024

TL;DR

<b>Chicago Rivet & Machine Co. will hold its Annual Meeting of Shareholders on May 14, 2024, to elect directors and ratify auditors.</b>

AI Summary

CHICAGO RIVET & MACHINE CO (CVR) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. The Annual Meeting of Shareholders for Chicago Rivet & Machine Co. will be held on May 14, 2024, at 10:00 A.M. CDT. Shareholders will vote on the election of seven director nominees. The selection of Crowe LLP as the independent registered public accounting firm for 2024 will be ratified. Shareholders of record as of March 18, 2024, are entitled to vote. Proxy materials are available online at www.chicagorivet.com/proxy2024.

Why It Matters

For investors and stakeholders tracking CHICAGO RIVET & MACHINE CO, this filing contains several important signals. Shareholders have the opportunity to influence corporate governance by electing directors. The ratification of the independent auditor ensures financial transparency and accountability.

Risk Assessment

Risk Level: low — CHICAGO RIVET & MACHINE CO shows low 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 on director nominees and auditor ratification.

Key Numbers

• May 14, 2024 — Annual Meeting Date (Annual Meeting of Shareholders)
• March 18, 2024 — Record Date (Shareholders of record at the close of business on this date are entitled to vote)
• 7 — Director Nominees (To elect the seven director nominees)

Key Players & Entities

• CHICAGO RIVET & MACHINE CO (company) — Registrant
• Crowe LLP (company) — independent registered public accounting firm
• Kimberly A. Kirhofer (person) — Secretary

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC filing requirements and regulations pertaining to proxy statements and annual meetings.
• Shareholder Participation [low — operational]: Ensuring sufficient shareholder participation and voting is crucial for the validity of the meeting's resolutions.

Industry Context

Chicago Rivet & Machine Co. operates in the metalworking machinery and equipment sector. This filing is a standard proxy statement for an annual shareholder meeting.

Regulatory Implications

The filing adheres to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Evaluate the performance and independence of the proposed independent auditor, Crowe LLP.
3. Vote by the proxy deadline to ensure your shareholder rights are exercised.

Key Dates

• 2024-05-14: Annual Meeting of Shareholders — Election of directors and ratification of auditors
• 2024-03-18: Record Date — Determines which shareholders are eligible to vote
• 2024-04-02: Filing Date — Date the Definitive Proxy Statement was filed with the SEC

Glossary

Proxy Statement

A document filed by a company with the SEC that contains information that shareholders need to make informed decisions about matters being presented at a shareholder meeting. (Provides essential details for shareholders to vote on director nominees and auditor ratification.)

Independent Registered Public Accounting Firm

An external audit firm hired by a company to conduct an independent audit of its financial statements. (Ratification by shareholders ensures confidence in the integrity of the company's financial reporting.)

Record Date

A specific date set by a company to determine which shareholders are eligible to receive dividends, vote at meetings, or exercise other shareholder rights. (Establishes the pool of eligible voters for the upcoming Annual Meeting.)

Year-Over-Year Comparison

This is a routine DEF 14A filing for the annual meeting, indicating standard corporate governance procedures are being followed.

Key Financial Figures

• $1.00 — rnished to the holders of common stock, $1.00 par value per share (Common Stock), of

Filing Documents

• d764773ddef14a.htm (DEF 14A) — 154KB
• g764773g00z01.jpg (GRAPHIC) — 74KB
• g764773g00z02.jpg (GRAPHIC) — 71KB
• 0001193125-24-084012.txt (&nbsp;) — 355KB

financial statements, is enclosed

financial statements, is enclosed. You are requested to sign, date and return the accompanying proxy card in the enclosed envelope, whether or not you expect to attend the meeting in person. Your cooperation is respectfully solicited and appreciated. By order of the Board of Directors /s/ KIMBERLY A. KIRHOFER, Secretary Naperville, Illinois April 2, 2024 YOUR VOTE IS IMPORTANT. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING IN PERSON, WE REQUEST THAT YOU EXECUTE AND RETURN THE ENCLOSED PROXY PROMPTLY. IMPORTANT NOTICE REGARDING THE INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 14, 2024: The proxy statement for the Annual Meeting of Shareholders and the accompanying Annual Report are available at www.chicagorivet.com/proxy2024 . Among other things, the proxy statement contains information regarding: the date, time, and location of the meeting; a list of the matters being submitted to the shareholders of the Company; and information concerning voting in person. CHICAGO RIVET & MACHINE CO. 901 Frontenac Road Naperville, Illinois 60563 PROXY ANNUAL MEETING OF SHAREHOLDERS May 14, 2024 This Proxy Statement is furnished to the holders of common stock, $1.00 par value per share (Common Stock), of Chicago Rivet & Machine Co., an Illinois corporation (the Company). Proxies are being solicited on behalf of the Board of Directors of the Company to be used at the Annual Meeting of Shareholders (the Annual Meeting) to be held on Tuesday, May 14, 2024, at the Companys principal offices, 901 Frontenac Road, Naperville, Illinois, at 10:00 A.M. (CDT), and at any adjournments or postponements thereof, for the purposes set forth in the accompanying Notice of Annual Meeting of Shareholders (the Notice). The Companys Annual Report to Shareholders for the year ended December 31, 2023, including the Companys audited financial statements, this Proxy Statement, the Notice and the attached form o

SECURITY OWNERSHIP OF MANAGEMENT

SECURITY OWNERSHIP OF MANAGEMENT The following table sets forth certain information regarding the Board of Directors, the Board of Directors nominees for director and each executive officer of the Company named in the Summary Compensation Table, including their ages, principal occupations and beneficial ownership of common shares of the Company, and information regarding the beneficial ownership of such shares by all directors and executive officers of the Company as a group: Name Age Principal Occupation Served as a Director Since Director Nominee Number of Shares Beneficially Owned as of March 18, 2024 Percent of Class Joel M. Brown (1) 56 Chief Financial Officer Kent H. Cooney (2) 73 Private Investor 2004 X 100 * Kurt Moders (3) 60 President of Kenmode Tool & Engineering, Inc. 2020 X James W. Morrissey (4) 52 Attorney at Law 2020 X 4,000 * Karen G. Ong (5) 52 President & Chief Operating Officer of Algonquin State Bank 2024 X 120 * Gregory D. Rizzo (6) 58 Chief Executive Officer 2023 X John L. Showel (7) 58 Portfolio Manager 2013 X 868 * Dr. Walter W. Morrissey (8) 48 Managing Director Kaufman, Hall & Associates, LLC 2023 X All directors and executive officers as a group 5,088 * * Less than 1% (1) Mr. Brown joined the Company in November of 2023 as Chief Financial Officer. Previously he held the position of Director, Accounting and Finance for MultiTech Industries, LLC since 2017. Prior to that, Mr. Brown held several positions in corporate finance, consulting and manufacturing. Mr. Brown holds a Bachelor of Science degree in Finance from Northern Illinois University and an MBA from DePaul Universitys Kellstadt Graduate School of Business. 5 (2) Mr. Cooney is a private investor who until January 2018 was Chief Financial Officer of Heldon Bay Limited Partnership (a closely held private investment partnership) for more than five years. He was a member

View Full Filing

View this DEF 14A filing on SEC EDGAR