Leonardo DRS, Inc. DEF 14A Filing

Ticker: DRS · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 1833756

Leonardo Drs, Inc. DEF 14A Filing Summary
FieldDetail
CompanyLeonardo Drs, Inc. (DRS)
Form TypeDEF 14A
Filed DateApr 5, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Leonardo DRS, Proxy Statement, Executive Compensation, Corporate Governance

TL;DR

<b>Leonardo DRS, Inc. filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ended December 31, 2023, on April 5, 2024.</b>

AI Summary

Leonardo DRS, Inc. (DRS) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Reporting period: Fiscal year ended December 31, 2023. Company Name: Leonardo DRS, Inc. Central Index Key: 0001833756. Filing Date: April 5, 2024.

Why It Matters

For investors and stakeholders tracking Leonardo DRS, Inc., this filing contains several important signals. This filing provides detailed information regarding the company's governance, executive compensation, and shareholder proposals, which are crucial for investors to understand before making voting decisions. As a DEF 14A filing, it contains essential disclosures about the company's operations and financial health, impacting investor confidence and strategic outlook.

Risk Assessment

Risk Level: low — Leonardo DRS, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosure practices with no immediate red flags.

Analyst Insight

Review the executive compensation details and any shareholder proposals to assess management alignment and potential governance changes.

Key Numbers

  • 0001833756 — Central Index Key (Leonardo DRS, Inc.)
  • 2023-12-31 — Fiscal Year End (Leonardo DRS, Inc.)
  • 2024-04-05 — Filing Date (Leonardo DRS, Inc.)

Key Players & Entities

  • Leonardo DRS, Inc. (company) — Filer
  • 0001833756 (company) — Central Index Key
  • 2023-12-31 (date) — Conformed Period of Report
  • 2024-04-05 (date) — Filed as of Date

FAQ

When did Leonardo DRS, Inc. file this DEF 14A?

Leonardo DRS, 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 Leonardo DRS, Inc. (DRS).

Where can I read the original DEF 14A filing from Leonardo DRS, 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 Leonardo DRS, Inc..

What are the key takeaways from Leonardo DRS, Inc.'s DEF 14A?

Leonardo DRS, Inc. filed this DEF 14A on April 5, 2024. Key takeaways: Filing type: DEF 14A (Definitive Proxy Statement).. Reporting period: Fiscal year ended December 31, 2023.. Company Name: Leonardo DRS, Inc..

Is Leonardo DRS, Inc. a risky investment based on this filing?

Based on this DEF 14A, Leonardo DRS, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate disclosure practices with no immediate red flags.

What should investors do after reading Leonardo DRS, Inc.'s DEF 14A?

Review the executive compensation details and any shareholder proposals to assess management alignment and potential governance changes. The overall sentiment from this filing is neutral.

How does Leonardo DRS, Inc. compare to its industry peers?

Leonardo DRS, Inc. operates in the Search, Detection, Navigation, Guidance, and Aeronautical Systems industry.

Are there regulatory concerns for Leonardo DRS, Inc.?

The filing is a DEF 14A, which is a standard SEC filing for public companies to provide information to shareholders regarding annual meetings and related matters.

Industry Context

Leonardo DRS, Inc. operates in the Search, Detection, Navigation, Guidance, and Aeronautical Systems industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for public companies to provide information to shareholders regarding annual meetings and related matters.

What Investors Should Do

  1. Analyze executive compensation packages disclosed in the filing.
  2. Review any shareholder proposals and management's recommendations.
  3. Examine the company's corporate governance practices outlined in the proxy statement.

Key Dates

  • 2024-04-05: Filing Date — Definitive Proxy Statement (DEF 14A) filed.
  • 2023-12-31: Fiscal Year End — Period covered by the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not directly compare to a previous filing type in terms of financial performance or operational changes.

Filing Stats: 4,802 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-04-05 16:17:36

Filing Documents

Executive Compensation

Executive Compensation 50 Executive Officer and Director Hedging or Pledging 59 CEO Pay Ratio 60 Equity Compensation Plan Information 61 Pay Versus Performance Disclosure 61 Proposal 3 – Ratification of E&Y 67 Audit Report to Stockholders 68 Committee Policy on Services 69 Fees Paid to Auditor 69 Proposal 4 – Approval of the ESPP 70 Proposal 5 – Approval of the Amended ECP 75 Proposal 6 – Approval of Adjournments 84 Stock Ownership of Management Table 85 Persons Owning More than 5% of Leonardo DRS Common Stock 86 Certain Relationships and Related Party Transactions 87 Stockholders Communications with the Board of Directors 91 2025 Annual Meeting Stockholder Nominations and Proposals 92 Proxy Materials Householding 93 Availability of Annual Report 93 Other Matters 93 Appendix A: ESPP 94 Appendix B: Amended ECP 104 Appendix C: Non-GAAP Financial Measures 124 Proxy Summary Summary of Proposals Submitted for Vote The following are only summaries of the proposals to be presented at the Annual Meeting. You should review the full discussion of each proposal in this proxy statement before casting your vote. Proposal 1: Election of the Board's Nominees Named in this Proxy Statement to the Board. Director Nominees: At the Annual Meeting, you will be asked to elect to the Board the nominees for director identified in this proxy statement. The directors, if elected, will serve a one-year term ending at the annual meeting of stockholders in 2025 or until their successors, if any, are elected and qualified. Vote Required: Directors are elected by a plurality of the votes cast at the Annual Meeting at which there is a quorum. This means that the nominees receiving the highest number of affirmative votes will be elected as directors. In other words, because there are no other nominees for election as directors other than the persons named in this proxy statement, and assuming each of those persons receives

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