Electro-Sensors Files Proxy Materials

TL;DR

ELECTRO-SENSORS (ELSE) filed proxy docs, no new fee. Standard shareholder stuff.

AI Summary

Electro-Sensors, Inc. filed a Definitive Additional Materials proxy statement on April 10, 2024. This filing is related to the company's proxy materials and does not involve a new fee, as indicated by the 'No fee required' checkbox.

Why It Matters

This filing indicates that Electro-Sensors, Inc. is providing additional information to shareholders regarding proxy matters, which is a standard part of corporate governance and shareholder communication.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement, indicating standard corporate governance procedures rather than significant new risks or events.

Key Players & Entities

• ELECTRO-SENSORS, INC. (company) — Registrant
• 0000351789 (company) — Central Index Key
• 410943459 (company) — IRS Number
• MN (company) — State of Incorporation
• 6111 BLUE CIRCLE DR (company) — Business Address Street 1
• MINNETONKA (company) — Business Address City
• 55343-9108 (company) — Business Address ZIP
• 9529300100 (company) — Business Phone
• 20240410 (date) — Filing Date

FAQ

Key Financial Figures

• $59,750 — amount for Mr. Marino should have been $59,750, instead of $95,750. In the “To
• $95,750 — no should have been $59,750, instead of $95,750. In the “Total” column, t
• $168,891 — amount for Mr. Marino should have been $168,891 instead of $204,891. The following ta
• $204,891 — no should have been $168,891 instead of $204,891. The following table reflects the cor

Filing Documents

• else240395_defa14a.htm (DEFA14A) — 17KB
• 0000897101-24-000132.txt ( ) — 18KB

From the Filing

UNITED AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT 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 Statement Definitive Additional Materials Soliciting Material Under Section 240.14a-12 ELECTRO-SENSORS, INC. (Name of Registrant as Specified in Its Charter) N/A (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 Electro-Sensors, Inc. Supplemental Proxy Materials April 5, 2024 On March 20, 2024, Electro-Sensors, Inc. (the “Company”) filed with the U.S. Securities and Exchange Commission, made available to its shareholders online at h ttp://www.idelivercommunications.com/proxy/else, and began mailing to its shareholders the Company’s definitive proxy statement for the annual meeting of its shareholders to be held on April 24, 2024 (the “2024 Proxy Statement”). After filing, posting and mailing the 2024 Proxy Statement, the Company discovered a scrivener’s error in one cell of the table included in the “Director Compensation” section of the 2024 Proxy Statement, which resulted in inaccurate amounts being reported in “Fees earned or paid in cash” and “Total” columns for Mr. Joseph A. Marino, Chairman of the Board of Directors. Such table should have reflected the following: In the “Fees earned or paid in cash” column, the amount for Mr. Marino should have been $59,750, instead of $95,750. In the “Total” column, the amount for Mr. Marino should have been $168,891 instead of $204,891. The following table reflects the corrected information for Mr. Marino in the “Director Compensation” section of the Company’s 2024 Proxy Statement. All other information in the table remains unchanged: Director Name Fees earned or paid in cash ($) Option Awards ($)(1) Restricted Stock Units ($)(2) Total ($) Joseph A. Marino 59,750 37,216 71,925 168,891 Scott A. Gabbard 42,375 0 71,925 114,300 Jeffrey D. Peterson 23,000 37,216 71,925 132,141 Michael C. Zipoy 40,750 37,216 71,925 149,891

View Full Filing

View this DEFA14A filing on SEC EDGAR