WiSA Technologies Proxy Statement Filed
Ticker: DVLT · Form: DEFA14A · Filed: Mar 19, 2024 · CIK: 1682149
Sentiment: neutral
Topics: proxy-statement, annual-meeting, governance
TL;DR
WiSA proxy out - vote on directors & auditors soon.
AI Summary
WiSA Technologies, Inc. filed a Definitive Proxy Statement (DEFA14A) on March 19, 2024, for its annual meeting. The filing details the company's corporate governance, executive compensation, and proposals to be voted on by shareholders. Key items likely include the election of directors and ratification of independent auditors.
Why It Matters
This filing provides shareholders with crucial information to make informed voting decisions on company leadership and important corporate matters at the upcoming annual meeting.
Risk Assessment
Risk Level: low — This is a routine proxy filing for an annual meeting, not indicating immediate financial distress or significant new risks.
Key Players & Entities
- WISA TECHNOLOGIES, INC. (company) — Registrant
- Summit Wireless Technologies, Inc. (company) — Former company name
- Summit Semiconductor Inc. (company) — Former company name
- 20240319 (date) — Filing date
FAQ
What is the purpose of this DEFA14A filing?
The DEFA14A filing is a Definitive Proxy Statement filed by WiSA Technologies, Inc. to provide shareholders with information for their upcoming annual meeting, including details on proposals to be voted on and information about director nominees.
When was this filing submitted to the SEC?
This filing was submitted to the SEC on March 19, 2024.
What is the company's primary business sector?
WiSA Technologies, Inc. is in the Semiconductors & Related Devices sector, with SIC code 3674.
Has the company changed its name previously?
Yes, WiSA Technologies, Inc. was formerly known as Summit Wireless Technologies, Inc. (name change effective September 14, 2018), and prior to that, Summit Semiconductor Inc. (name change effective May 1, 2018) and SUMMIT SEMICONDUCTOR (name change effective April 16, 2018).
Where is WiSA Technologies, Inc. headquartered?
The company's business and mailing address is 15268 NW Greenbrier Pkwy, Beaverton, OR 97006.
Filing Stats: 445 words · 2 min read · ~1 pages · Grade level 10.9 · Accepted 2024-03-18 21:27:23
Filing Documents
- tm249206d2_defa14a.htm (DEFA14A) — 12KB
- image_001.jpg (GRAPHIC) — 17KB
- 0001104659-24-035767.txt ( ) — 36KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION 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 Definitive Additional Materials ¨ Soliciting Material under §240.14a-12 WiSA Technologies, Inc. (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 14a6(i)(1) and 0-11. Headquarters 15268 NW Greenbrier Pkwy Beaverton, OR USA Ph. 408.627.4716 March 19, 2024 WiSA Technologies, Inc. (https://wisatechnologies.com/), a leading innovator in wireless audio technology for intelligent devices and next-generation home entertainment systems, has adjourned its special meeting of stockholders solely for the purpose of allowing shareholders additional time to vote on proposal 3 to approve an amendment to the Certificate of Incorporation to permit the board of directors to amend the Company’s Bylaws to Friday, March 29, 2024 at 1p.m. Pacific Time. If the proposal is approved, WiSA’s board intends to amend the Bylaws to reduce its quorum requirement, which WiSA believes will mitigate unnecessary administrative burden, expense and delay with respect to future stockholder meetings. Recently, WiSA has experienced extreme difficulties in reaching a quorum due to the fact that it has a large number of shares of common stock widely distributed among retail stockholders. Voting is quick and simple: · VOTE NOW BY PHONE: Please call our proxy solicitor, Mackenzie Partners at 1-800-322-2885 (if in North America) or by calling collect 1-212-929-5500 if calling internationally. Representatives are available each weekday from 8 a.m. to 8 p.m. Eastern Time. Retail investors, including individual stockholders who purchased shares through app-based brokers, should call the relevant number above. · BY INTERNET: Use the secure direct link in this email and follow the instructions on the website. Stockholders must ACTIVELY VOTE by 11:59 pm eastern time on March 28, 2024, to ensure their vote is counted. The record date for the adjourned meeting continues to be February 13, 2024; if you have since sold your shares, you still have the right the vote. Your vote is important regardless of the number of shares you own. Please take the time to vote your proxy today. Thank you for your investment in WiSA Technologies, Inc. Sincerely, /s/ Brett Moyer Brett Moyer Chairman and Chief Executive Officer