DNOW Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: DNOW · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 1599617

Dnow Inc. DEF 14A Filing Summary
FieldDetail
CompanyDnow Inc. (DNOW)
Form TypeDEF 14A
Filed DateApr 5, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$12,500, $150M, $250M
Sentimentneutral

Sentiment: neutral

Topics: DNOW, DEF 14A, Proxy Statement, Executive Compensation, Shareholder Meeting

TL;DR

<b>DNOW Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 22, 2024.</b>

AI Summary

DNOW Inc. (DNOW) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. DNOW Inc. filed a DEF 14A form on April 5, 2024. The filing covers the period ending May 22, 2024. The company's principal executive offices are located at 7402 North Eldridge Parkway, Houston, TX 77041. DNOW Inc. was formerly known as NOW Inc. The filing includes data related to executive compensation and equity awards for various periods, including 2020, 2021, and 2022.

Why It Matters

For investors and stakeholders tracking DNOW Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation, voting matters, and corporate governance before the annual meeting. It provides detailed information on the company's financial performance and strategic decisions, which can influence investment decisions.

Risk Assessment

Risk Level: low — DNOW Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate material events.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions.

Key Numbers

  • 2023-12-31 — Fiscal Year End (DNOW Inc. fiscal year end)
  • 2020-01-01 — Data Start Date (Start date for various compensation data points)
  • 2022-12-31 — Data End Date (End date for various compensation data points)

Key Players & Entities

  • DNOW Inc. (company) — Filer of the DEF 14A
  • NOW Inc. (company) — Former name of DNOW Inc.
  • 7402 North Eldridge Parkway (location) — Business and mailing address
  • Houston, TX (location) — City and State of business address
  • 2024-04-05 (date) — Filing date of the DEF 14A
  • 2024-05-22 (date) — Period of report end date

FAQ

When did DNOW Inc. file this DEF 14A?

DNOW Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 5, 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 DNOW Inc. (DNOW).

Where can I read the original DEF 14A filing from DNOW 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 DNOW Inc..

What are the key takeaways from DNOW Inc.'s DEF 14A?

DNOW Inc. filed this DEF 14A on April 5, 2024. Key takeaways: DNOW Inc. filed a DEF 14A form on April 5, 2024.. The filing covers the period ending May 22, 2024.. The company's principal executive offices are located at 7402 North Eldridge Parkway, Houston, TX 77041..

Is DNOW Inc. a risky investment based on this filing?

Based on this DEF 14A, DNOW Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate material events.

What should investors do after reading DNOW Inc.'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions. The overall sentiment from this filing is neutral.

How does DNOW Inc. compare to its industry peers?

DNOW Inc. operates in the oil and gas machinery and equipment sector.

Are there regulatory concerns for DNOW Inc.?

As a publicly traded company, DNOW Inc. is subject to SEC regulations for filings like the DEF 14A.

Industry Context

DNOW Inc. operates in the oil and gas machinery and equipment sector.

Regulatory Implications

As a publicly traded company, DNOW Inc. is subject to SEC regulations for filings like the DEF 14A.

What Investors Should Do

  1. Review executive compensation packages and any proposed amendments.
  2. Analyze shareholder proposals and voting recommendations.
  3. Examine the company's corporate governance practices outlined in the filing.

Key Dates

  • 2024-04-05: Filing Date — Definitive Proxy Statement (DEF 14A) filed
  • 2024-05-22: Period of Report End Date — The reporting period covered by the filing

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual shareholder meetings and typically does not involve direct comparison to a prior filing's specific financial metrics, but rather updates on governance and compensation.

Filing Stats: 4,679 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-04-05 08:46:01

Key Financial Figures

  • $12,500 — our stockholders at an estimated fee of $12,500, plus expenses. This fee does not inclu
  • $150M — international arbitration cases in the $150M-$250M claim range. He is a NACD Certifi
  • $250M — national arbitration cases in the $150M-$250M claim range. He is a NACD Certified Dir

Filing Documents

Executive Compensation

Executive Compensation 76 Certain Relationships and Related Transactions 83 Pay Ratio 84 2023 Pay vs Performance 85 Director Compensation 88 Section 16(a) Beneficial Ownership Reporting Compliance 90 Stockholder Proposals for the 2025 Annual Meeting 90 Annual Report and Other Matters 90 APPENDIX A DNOW INC. 2024 LONG-TERM INCENTIVE PLAN Table of Contents NOTICE OF ANNUAL MEETING OF STOCKHOLDERS Wednesday, May 22, 2024 10:00 a.m. (Central Standard Time) DNOW Inc. 7402 N. Eldridge Parkway Houston, Texas 77041 The 2024 Annual Meeting of Stockholders of DNOW Inc. ("Annual Meeting") will be held at the Company's corporate headquarters located at 7402 N. Eldridge Parkway, Houston, Texas 77041 on Wednesday, May 22, 2024, at 10:00 a.m. local time, for the following purposes: To elect eight directors to hold office for one-year terms (Proposal 1) ; To consider and act upon a proposal to approve the 2024 Long-Term Incentive Plan ( Proposal 2 ); To consider and act upon a proposal to ratify the appointment of Ernst & Young LLP as independent auditors of the Company for 2024 (Proposal 3) ; To consider and act upon an advisory proposal to approve the compensation of our named executive officers (Proposal 4) ; and To consider and act upon any other matters that may properly come before the annual meeting or any postponement or adjournment thereof. The Board of Directors recommends that you vote "FOR" these four proposals. The Board of Directors has set March 25, 2024 as the record date for the Annual Meeting. If you were a stockholder of record at the close of business on March 25, 2024, you are entitled to vote at the Annual Meeting. A complete list of these stockholders will be available for examination during ordinary business hours at our corporate headquarters for a period of ten days prior to the Annual Meeting. On or about April 5, 2024, a Notice of Internet Availability of Proxy Materials containing instr

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