WISA Technologies Proxy Statement Filed
Ticker: DVLT · Form: DEFA14A · Filed: May 21, 2024 · CIK: 1682149
Sentiment: neutral
Topics: proxy-statement, annual-meeting, corporate-governance
TL;DR
WISA proxy filed - vote your shares!
AI Summary
WISA Technologies, Inc. filed a Definitive Proxy Statement (DEFA14A) on May 21, 2024, detailing information for its annual meeting of stockholders. The filing concerns the election of directors and other corporate governance matters. Specific details regarding proposals, voting procedures, and executive compensation are outlined within the document.
Why It Matters
This filing is crucial for shareholders as it outlines the agenda for the annual meeting, including director elections and key corporate decisions, allowing them to make informed voting choices.
Risk Assessment
Risk Level: low — This is a standard proxy filing for an annual meeting, not indicating any immediate financial distress or unusual corporate activity.
Key Players & Entities
- WISA Technologies, Inc. (company) — Registrant
- Summit Wireless Technologies, Inc. (company) — Former Company Name
- Summit Semiconductor Inc. (company) — Former Company Name
- 20240521 (date) — Filing Date
FAQ
What is the purpose of this DEFA14A filing?
The purpose of this DEFA14A filing is to provide shareholders with information regarding the annual meeting of stockholders, including the election of directors and other corporate governance matters.
When was this filing made with the SEC?
This filing was made with the SEC on May 21, 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 on 20180914), and prior to that, Summit Semiconductor Inc. (name change on 20180501 and 20180416).
Where is WISA Technologies, Inc. located?
The company's business and mailing address is 15268 NW Greenbrier Pkwy, Beaverton, OR 97006.
Filing Stats: 3,373 words · 13 min read · ~11 pages · Grade level 16.9 · Accepted 2024-05-21 17:01:04
Key Financial Figures
- $8 million — tered our cash balance to approximately $8 million as of May 20, 2024. With this strengthe
- $0.3 m — ghlights · Q1 2024 revenue was $0.3 million, down 46% from $0.5 million in Q1
- $0.5 million — revenue was $0.3 million, down 46% from $0.5 million in Q1 2023. The decrease in overall sal
- $1.3 million — ibutable to the fact Q1 2023 included a $1.3 million increase in inventory reserves and Q1 2
- $2.7 m — rves. · Q1 2024 net income was $2.7 million, as compared to a net loss of $0.
- $0.9 million — 7 million, as compared to a net loss of $0.9 million for Q1 2023. The Q1 2024 increase in ne
Filing Documents
- tm2414294d1_defa14a.htm (DEFA14A) — 50KB
- tm2415028d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- tm2415028d1_ex99-2img001.jpg (GRAPHIC) — 196KB
- tm2415028d1_ex99-2img002.jpg (GRAPHIC) — 427KB
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- tm2415028d1_ex99-2img004.jpg (GRAPHIC) — 165KB
- tm2415028d1_ex99-2img005.jpg (GRAPHIC) — 141KB
- tm2415028d1_ex99-2img006.jpg (GRAPHIC) — 181KB
- tm2415028d1_ex99-2img007.jpg (GRAPHIC) — 183KB
- tm2415028d1_ex99-2img008.jpg (GRAPHIC) — 153KB
- tm2415028d1_ex99-2img009.jpg (GRAPHIC) — 146KB
- tm2415028d1_ex99-2img010.jpg (GRAPHIC) — 98KB
- tm2415028d1_ex99-2img011.jpg (GRAPHIC) — 136KB
- tm2415028d1_ex99-2img012.jpg (GRAPHIC) — 155KB
- tm2415028d1_ex99-2img013.jpg (GRAPHIC) — 140KB
- tm2415028d1_ex99-2img014.jpg (GRAPHIC) — 146KB
- tm2415028d1_ex99-2img015.jpg (GRAPHIC) — 210KB
- tm2415028d1_ex99-2img016.jpg (GRAPHIC) — 188KB
- 0001104659-24-063894.txt ( ) — 3809KB
Business
Business These proposals are detailed in the Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 17, 2024, and as amended thereafter. Your vote is important, and we encourage all stockholders to vote. For assistance with voting your shares, please contact WiSA’s proxy solicitor, Lioness Consulting, via email at info@lionessconsultingllc.com . WiSA Technologies Investor Conference Call Management will host its first quarter 2024 results conference call at 8:00 am PT / 11:00 am ET, on Tuesday, May 21, 2024. The conference call will be available through a live webcast found here: Webcast | First Quarter 2024 Results Those without internet access or who wish to dial in may call: 1- 833-366-1124 (domestic), or 1- 412-317-0702 (international). All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the WiSA Technologies call. A webcast replay of the call will be available approximately one hour after the end of the call and will be available for one year, at the above webcast link. A telephonic replay of the call will be available through May 28, 2024 and may be accessed by calling 1- 877-344-7529 (domestic) or 1- 412-317-0088 (international) or Canada (toll free) 855-669-9658 and using access code 5191498. A presentation of the Q1 2024 results will be accessible on Tuesday, May 21, 2024, under the “Investors” section of WiSA Technologies’ website. About WiSA Technologies, Inc. WiSA Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, spor