EnerSys Files 2024 DEF 14A Proxy Statement

Ticker: ENS · Form: DEF 14A · Filed: Jun 18, 2024 · CIK: 1289308

Enersys DEF 14A Filing Summary
FieldDetail
CompanyEnersys (ENS)
Form TypeDEF 14A
Filed DateJun 18, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$3,581.8, $3,708.5, $351.5, $278.3, $450.2
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, governance, executive-compensation

Related Tickers: ENS

TL;DR

EnerSys DEF 14A out: Check exec pay & board ops for FY24.

AI Summary

EnerSys filed its DEF 14A on June 18, 2024, for the fiscal year ending March 31, 2024. The filing details executive compensation, corporate governance, and other shareholder matters. Key information includes the company's fiscal year end of March 31 and its principal executive offices located at 2366 Bernville Road, Reading, PA.

Why It Matters

This filing provides crucial information for shareholders to understand executive compensation, board structure, and voting matters, enabling informed decisions at the annual meeting.

Risk Assessment

Risk Level: low — This is a routine annual proxy filing (DEF 14A) and does not contain new material events or financial performance data.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important company matters, such as the election of directors and executive compensation.

When is EnerSys's fiscal year end?

EnerSys's fiscal year ends on March 31, as indicated in the filing.

Where are EnerSys's principal executive offices located?

EnerSys's principal executive offices are located at 2366 Bernville Road, Reading, PA.

What is the filing date of this specific DEF 14A?

This DEF 14A filing was made on June 18, 2024.

What is the SIC code for EnerSys?

EnerSys's Standard Industrial Classification (SIC) code is 3690, which corresponds to Miscellaneous Electrical Machinery, Equipment & Supplies.

Filing Stats: 4,606 words · 18 min read · ~15 pages · Grade level 14.1 · Accepted 2024-06-18 16:31:21

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 36 Compensation Discussion and Analysis 36 Business Overview 36 Fiscal Year 2024 Performance 36 Fiscal Year 2024 Compensation Actions 37 Summary of Other Major Program Elements 37 Results of 2023 Advisory Vote on Executive Compensation–Say-on-Pay 38

Executive Compensation Policy

Executive Compensation Policy 38 Determination of Compensation 39 Components of Executive Compensation 40 i Table of Contents Other Matters 44 Compensation Committee Report 46 Compensation Tables Summary Compensation Table 47 Employment Agreements 48 Grants of Plan-Based Awards Table for Fiscal Year 2024 49 Outstanding Equity Awards as of March 31, 2024 50 Options Exercised and Stock Vested During Fiscal Year 2024 51 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 52 CEO PAY RATIO 54 Pay versus Performance 55 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 60 Related Person Transaction Policy 60 Indemnification 60 Indemnity and Expense Agreement 60 DELINQUENT SECTION 16(a) REPORTS 61

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 61 PROPOSAL NO. 3 ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION 63 OTHER INFORMATION 64 Stockholder Proposals or Nominations 64 Reduce Duplicate Mailings 64 Other Matters 64 Proxy Solicitation Costs 64 Incorporation by Reference 65 Annual Report for Fiscal Year 2024 65 2024 ANNUAL REPORT ON FORM 10-K A-1 ii Table of Contents PROXY STATEMENT GENERAL INFORMATION Solicitation of Proxies The Board of Directors of EnerSys is providing this Proxy Statement to solicit proxies for use at EnerSys' virtual annual meeting of stockholders to be held on Thursday, August 1, 2024, at 10:00 a.m. (Eastern Time) or any adjournment or postponement thereof (the "Annual Meeting"). EnerSys (the "Company," "we," "our," or "us") is first delivering this Proxy Statement and the foregoing Notice on or about June 18, 2024. Purpose of the Meeting At the Annual Meeting, our stockholders will be asked to vote on the following proposals: Proposals Board Recommendation Page Reference 1 To elect three (3) Class II director nominees of the Board of Directors of EnerSys, each to serve until the 2027 annual meeting of stockholders, or until the earlier of their resignation or their respective successors shall have been elected and qualified FOR 5 2 To ratify the appointment of Ernst & Young LLP as EnerSys' independent registered public accounting firm for the fiscal year ending March 31, 2025 FOR 31 3 An advisory vote to approve EnerSys' named executive officer compensation FOR 63 Voting and Revocation of Proxies Stockholders of record have a choice of voting by way of traditional proxy card, by telephone or through the Internet. By Mail Request a proxy card from us by following the instructions on your Notice of Internet Availability. When you receive your proxy card, mark your selections on the proxy card. Date and sign your na

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