Data Storage Corp. Announces 2024 Annual Meeting of Stockholders
Ticker: DTSTW · Form: DEF 14A · Filed: May 7, 2024 · CIK: 1419951
| Field | Detail |
|---|---|
| Company | Data Storage Corp (DTSTW) |
| Form Type | DEF 14A |
| Filed Date | May 7, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy statement, annual meeting, stockholders, board of directors, corporate governance
TL;DR
<b>Data Storage Corporation is holding its 2024 Annual Meeting on June 20, 2024, to elect directors and discuss company matters.</b>
AI Summary
Data Storage Corp (DTSTW) filed a Proxy Statement (DEF 14A) with the SEC on May 7, 2024. Data Storage Corporation will hold its 2024 Annual Meeting of Stockholders on June 20, 2024, at 11:00 a.m. local time in Melville, New York. The meeting will address the election of ten directors and other business matters. Stockholders are encouraged to vote their shares via internet, telephone, or mail. The company's 2023 financial results are detailed in its Annual Report. Charles M. Piluso, CEO and Chairman, signed the proxy statement on behalf of the Board of Directors.
Why It Matters
For investors and stakeholders tracking Data Storage Corp, this filing contains several important signals. The annual meeting is a critical governance event where shareholders elect the board of directors who oversee the company's strategy and management. Shareholder participation through voting is essential for corporate accountability and ensuring the board reflects shareholder interests.
Risk Assessment
Risk Level: low — Data Storage Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate significant risk.
Analyst Insight
Stockholders should review the proxy materials carefully and vote their shares to ensure representation at the annual meeting.
Key Numbers
- 10 — Directors to be elected (Number of directors to be elected at the 2024 Annual Meeting)
- 2024 — Annual Meeting Year (The year of the upcoming annual meeting)
- 11:00 a.m. — Meeting Time (Local time for the start of the 2024 Annual Meeting)
Key Players & Entities
- Data Storage Corporation (company) — Registrant and filer of the proxy statement
- Charles M. Piluso (person) — Chief Executive Officer and Chairman of the Board of Directors
- 2024 Annual Meeting (event) — The annual meeting of stockholders
- June 20, 2024 (date) — Date of the 2024 Annual Meeting
- Melville, New York (location) — Location of the 2024 Annual Meeting
- Nevada (location) — State of incorporation for Data Storage Corporation
FAQ
When did Data Storage Corp file this DEF 14A?
Data Storage Corp filed this Proxy Statement (DEF 14A) with the SEC on May 7, 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 Data Storage Corp (DTSTW).
Where can I read the original DEF 14A filing from Data Storage Corp?
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 Data Storage Corp.
What are the key takeaways from Data Storage Corp's DEF 14A?
Data Storage Corp filed this DEF 14A on May 7, 2024. Key takeaways: Data Storage Corporation will hold its 2024 Annual Meeting of Stockholders on June 20, 2024, at 11:00 a.m. local time in Melville, New York.. The meeting will address the election of ten directors and other business matters.. Stockholders are encouraged to vote their shares via internet, telephone, or mail..
Is Data Storage Corp a risky investment based on this filing?
Based on this DEF 14A, Data Storage Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate significant risk.
What should investors do after reading Data Storage Corp's DEF 14A?
Stockholders should review the proxy materials carefully and vote their shares to ensure representation at the annual meeting. The overall sentiment from this filing is neutral.
How does Data Storage Corp compare to its industry peers?
Data Storage Corporation operates in the computer processing and data preparation industry, providing services related to data management and storage.
Are there regulatory concerns for Data Storage Corp?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.
Industry Context
Data Storage Corporation operates in the computer processing and data preparation industry, providing services related to data management and storage.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies.
What Investors Should Do
- Review the proxy statement for details on director nominees and other proposals.
- Submit proxy votes via internet, telephone, or mail before the meeting date.
- Attend the 2024 Annual Meeting on June 20, 2024, if possible.
Key Dates
- 2024-06-20: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and director elections.
Year-Over-Year Comparison
This filing is a DEF 14A (Definitive Proxy Statement) for the 2024 Annual Meeting, indicating a routine annual corporate governance event.
Filing Stats: 4,828 words · 19 min read · ~16 pages · Grade level 11.7 · Accepted 2024-05-07 16:29:18
Key Financial Figures
- $0.001 — rs of shares of common stock, par value $0.001 (the ‘common stock’) of Dat
Filing Documents
- e5637_def14a.htm (DEF 14A) — 448KB
- image_001.jpg (GRAPHIC) — 27KB
- image_002.jpg (GRAPHIC) — 28KB
- image_003.jpg (GRAPHIC) — 27KB
- image_004.jpg (GRAPHIC) — 26KB
- image_005.jpg (GRAPHIC) — 8KB
- image_006.jpg (GRAPHIC) — 8KB
- image_007.jpg (GRAPHIC) — 8KB
- proxy_001.jpg (GRAPHIC) — 853KB
- proxy_002.jpg (GRAPHIC) — 705KB
- 0001731122-24-000747.txt ( ) — 2775KB
From the Filing
DEF 14A 1 e5637_def14a.htm FORM DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 DATA STORAGE CORPORATION (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11. May 7, 2024 Dear Fellow Data Storage Corporation Stockholders: We invite you to attend the 2024 Annual Meeting (the ‘2024 Annual Meeting’) of Stockholders of Data Storage Corporation to be held at 175 Broadhollow Road, Building Conference Room, Melville, New York 11747, on June 20, 2024, at 11:00 a.m. local time. The Notice of the 2024 Annual Meeting and Proxy Statement accompanying this letter provide information concerning matters to be considered and acted upon at the meeting. Immediately following the meeting, a report on our operations will be presented, including a question-and-answer and discussion period. Our 2023 financial results are presented in detail in our Annual Report. Your vote is very important. We encourage you to read all of the important information in the Proxy Statement and vote for your shares as soon as possible. Whether or not you plan to attend, you can be sure your shares are represented at the 2024 Annual Meeting by promptly submitting your proxy or voting instructions by the Internet, by telephone or, if you request a paper copy of the proxy materials and receive a proxy card, by mail. On behalf of the Board of Directors, thank you for your continued confidence and investment in Data Storage Corporation. Sincerely, /s/ Charles M. Piluso Charles M. Piluso Chief Executive Officer and Chairman of the Board of Directors 225 Broadhollow Road, Suite 307 Melville, New York 11747 Telephone: (212) 564-4922 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To the Stockholders of Data Storage Corporation: The 2024 Annual Meeting of the Stockholders (the ‘2024 Annual Meeting’) of Data Storage Corporation, a Nevada corporation (together with its subsidiaries, ‘Company’, ‘Data Storage Corporation’, ‘we’, ‘us’ or ‘our’), will be held on Thursday, June 20, 2024, at 11:00 a.m. local time at 175 Broadhollow Road, Building Conference Room, Melville, New York, 11747. The purpose of the meeting is to consider and act upon the following matters: 1. to elect ten directors named in the accompanying proxy statement to our Board of Directors to serve until the next annual meeting of stockholders and until their respective successors shall have been duly elected and qualified (Proposal No. 1); 2. to ratify the selection of Rosenberg Rich Baker Berman, P.A., the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 (Proposal No. 2); 3. to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the accompanying Proxy Statement (Proposal No. 3); 4. to approve an amendment to our 2021 Stock Incentive Plan (the ‘2021 Plan’) to increase the number of shares of the Company’s common stock that we will have available to grant awards under the 2021 Plan by 1,000,000 shares to 2,075,000 (Proposal No. 4); and 5. to transact such other business as may properly come before the 2024 Annual Meeting or any adjournments or postponements of the 2024 Annual Meeting. All stockholders are cordially invited to attend the 2024 Annual Meeting. We are providing proxy material access to our stockholders via the Internet at www.proxyvote.com . Please give the proxy materials your careful attention. The matters listed in this notice of meeting are described in detail in the accompanying Proxy Statement. The Board of Directors has fixed the close of business on April 23, 2024, as the record date (the ‘Record Date’) for determining those stockholders who are entitled to notice of and to vote at the 2024 Annual Meeting or any adjournment or postponement of the 2024 Annual Meeting. The list of the stockholders of record as of the Record Date will be made available for inspection during the ten days preceding the meeting at the Company’s offices located at 225 Broadhollow Road, Suite 307, Melville, New York, 11747. We are utilizing a U.S. Securities and Exchange Commissi