AMCON Distributing Co. Files 2024 Proxy Statement

TL;DR

AMCON proxy filed. Annual meeting Dec 19. Vote your shares!

AI Summary

AMCON Distributing Co. filed its definitive proxy statement on November 15, 2024, for its annual meeting on December 19, 2024. The filing outlines the company's governance and shareholder matters, including the election of directors and executive compensation. AMCON Distributing Co. is a wholesale distributor of groceries and general line products.

Why It Matters

This filing provides shareholders with crucial information regarding the company's leadership, executive compensation, and voting matters, enabling informed participation in corporate governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing providing information to shareholders and does not indicate any immediate financial or operational risks.

Key Numbers

• 20241219 — Annual Meeting Date (Shareholders will vote on company matters.)
• 20241115 — Filing Date (Date the proxy statement was submitted to the SEC.)

Key Players & Entities

• AMCON Distributing Co. (company) — Registrant
• November 15, 2024 (date) — Filing Date
• December 19, 2024 (date) — Annual Meeting Date
• Omaha, Nebraska (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.01 — ing are the shares of our common stock, $0.01 par value. Each issued and outstanding

Filing Documents

• tm2424035d1_def14a.htm (DEF 14A) — 391KB
• tm2424035d1_def14a-img01.jpg (GRAPHIC) — 3KB
• tm2424035d1_def14a-img02.jpg (GRAPHIC) — 33KB
• tm2424035d1_def14a-img03.jpg (GRAPHIC) — 37KB
• tm2424035d1_def14a-img04.jpg (GRAPHIC) — 3KB
• tm2424035d1_def14a-img05.jpg (GRAPHIC) — 92KB
• tm2424035d1_def14a-img06.jpg (GRAPHIC) — 162KB
• 0001104659-24-119711.txt ( ) — 840KB

: ELECTION OF DIRECTORS

ITEM 1: ELECTION OF DIRECTORS What am I voting on? One of the purposes of this annual meeting is to elect directors to serve on our board of directors for the upcoming year. You will be asked to consider six nominees for election to our board of directors to serve for one-year terms until our next annual meeting of stockholders, and until their respective successors are duly elected and qualified or until their respective earlier resignation or removal. 4 What is the structure of our board and how often are directors elected? Our board of directors consists of six persons. Our board of directors has nominated six directors for election to serve until next year's annual meeting. Our Restated Certificate of Incorporation, as amended, provides for a declassified board structure, with directors serving one-year terms that expire at the next annual meeting of stockholders following their election, and until their respective successors are duly elected and qualified (or until their respective earlier resignation or removal). Accordingly, the present terms of each current director, Christopher H. Atayan, Jeremy W. Hobbs, John R. Loyack, Stanley Mayer, Timothy R. Pestotnik and Andrew C. Plummer expire at this annual meeting. Our board of directors has determined that Messrs. Hobbs, Loyack, Mayer and Pestotnik each satisfies the independence requirements of the NYSE American exchange. Who are this year's nominees? The nominating and corporate governance committee of our board of directors has designated Christopher H. Atayan, Jeremy W. Hobbs, John R. Loyack, Stanley Mayer, Timothy R. Pestotnik and Andrew C. Plummer as the nominees proposed for election at the annual meeting. Unless authority to vote for the nominees or a particular nominee is withheld, it is intended that the shares represented by properly executed proxies in the form enclosed will be voted for the election as directors of these nominees. Each of the nominees currently serves on our board. The f

: SELECTION OF INDEPENDENT REGISTERED

ITEM 2: SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM What am I voting on? We are asking stockholders to ratify and approve the selection of RSM US LLP as our independent registered public accounting firm for our 2025 fiscal year. The selection of RSM US LLP was made by the audit committee of our board of directors. RSM US LLP has served as our independent auditors since August 30, 2006. In connection with the audit of our 2025 fiscal year financial statements, our company intends to enter into an engagement agreement with RSM US LLP which would set forth the terms by which RSM US LLP will perform audit services for our company. The ratification and approval by stockholders of the selection of RSM US LLP effectively would also be a ratification of that agreement. What services do the independent registered public accountants provide? Audit services provided by RSM US LLP for our 2024 fiscal year included the examination of the consolidated financial statements of our company and services related to our periodic filings with the SEC. These services are more fully described in this proxy statement under the captions "Audit Committee Report" and "Independent Auditor Fees and Services." Will a representative of RSM US LLP be present at the meeting? We anticipate that one or more representatives of RSM US LLP will be present at the annual meeting. Any such representative will have an opportunity to make a statement if he or she desires to do so and is expected to be available to respond to appropriate questions from stockholders. What if this proposal is not approved? Stockholder ratification and approval of the audit committee's selection of RSM US LLP as our independent registered public accounting firm is not required by any statute or regulation or by our bylaws. Nevertheless, if the stockholders do not ratify and approve the selection of RSM US LLP at the annual meeting, the audit committee will reconsider the appointmen

View Full Filing

View this DEF 14A filing on SEC EDGAR