Esquire Financial Holdings, Inc. Files Definitive Proxy Statement

TL;DR

<b>Esquire Financial Holdings, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023, detailing executive compensation and corporate governance.</b>

AI Summary

Esquire Financial Holdings, Inc. (ESQ) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. Esquire Financial Holdings, Inc. filed a DEF 14A (Definitive Proxy Statement) on April 18, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 100 Jericho Quadrangle, Suite 100, Jericho, NY 11753. The filing includes details on executive compensation, specifically equity awards for PEO and Non-PEO NEO members. The SIC code for Esquire Financial Holdings, Inc. is 6029 (Commercial Banks, NEC).

Why It Matters

For investors and stakeholders tracking Esquire Financial Holdings, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's performance, executive compensation structure, and voting matters ahead of the annual meeting. Understanding the details of equity awards and their valuation changes is important for shareholders assessing executive incentives and potential dilution.

Risk Assessment

Risk Level: low — Esquire Financial Holdings, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant operational updates, indicating a low level of immediate risk or new information.

Analyst Insight

Shareholders should review the executive compensation details, particularly the equity award valuations and changes, to understand incentive alignment and potential future share dilution.

Key Numbers

• 2024-04-18 — Filing Date (Date the DEF 14A was filed)
• 2024-05-30 — Fiscal Year End (Period covered by the proxy statement)
• 2023-12-31 — Reporting Period End (End date for the reporting period)
• 6029 — SIC Code (Standard Industrial Classification for Commercial Banks, NEC)

Key Players & Entities

• Esquire Financial Holdings, Inc. (company) — Filer of the document
• Andrew C. Sagliocca (person) — Member of executive compensation committee
• 100 Jericho Quadrangle, Suite 100, Jericho, NY 11753 (location) — Company's business and mailing address

FAQ

Industry Context

Esquire Financial Holdings, Inc. operates within the commercial banking sector, as indicated by its SIC code 6029. This filing is a standard proxy statement for a publicly traded company.

Regulatory Implications

The filing is a DEF 14A, a Definitive Proxy Statement required under the Securities Exchange Act of 1934, which details information for shareholders regarding annual meetings and voting.

What Investors Should Do

1. Review the detailed breakdown of executive compensation, including equity awards granted, vested, and unvested, for 2023.
2. Analyze the changes in fair value of equity awards from the prior year to understand potential impacts on executive wealth and company equity.
3. Note the company's fiscal year end of December 31, 2023, for context when evaluating any related financial reports.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies and does not represent a change from previous filings in terms of its nature, but provides updated information for the current fiscal year.

Key Financial Figures

• $0.01 — quire Financial common stock, par value $0.01 per share, as of the close of business

Filing Documents

• esq-20240530xdef14a.htm (DEF 14A) — 889KB
• esq-20240530xdef14a_a001.jpg (GRAPHIC) — 6KB
• esq-20240530xdef14a_a002.jpg (GRAPHIC) — 4KB
• esq-20240530xdef14a_a008.jpg (GRAPHIC) — 68KB
• esq-20240530xdef14a_a009.jpg (GRAPHIC) — 60KB
• esq-20240530xdef14a_a011.jpg (GRAPHIC) — 3KB
• esq-20240530xdef14a_bg001.jpg (GRAPHIC) — 76KB
• esq-20240530xdef14a_bg002.jpg (GRAPHIC) — 198KB
• esq-20240530xdef14a_bg003.jpg (GRAPHIC) — 167KB
• 0001558370-24-005276.txt (&nbsp;) — 3240KB
• esq-20240530.xsd (EX-101.SCH) — 7KB
• esq-20240530_def.xml (EX-101.DEF) — 42KB
• esq-20240530_lab.xml (EX-101.LAB) — 12KB
• esq-20240530_pre.xml (EX-101.PRE) — 8KB
• esq-20240530xdef14a_htm.xml (XML) — 272KB

From the Filing

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 (Amendment No. ) 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 240.14a-12 ESQUIRE FINANCIAL HOLDINGS, 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 all the boxes that apply): 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 Esquire Financial Holdings, Inc. 100 Jericho Quadrangle, Suite 100 Jericho, New York 11753 (516) 535-2002 April 18, 2024 Dear Stockholder: The Annual Meeting of Stockholders of Esquire Financial Holdings, Inc. will be held at the executive offices of Esquire Financial Holdings, Inc., located at 100 Jericho Quadrangle, Suite 100, Jericho, New York 11753, on May 30, 2024, at 10:00 a.m., local time. If you choose not to attend the Annual Meeting in person, stockholders can call into the following number to listen to the meeting live: 800-715-9871, conference code: 6418891. The enclosed Notice of Annual Meeting and Proxy Statement describe the formal business to be transacted. During the Annual Meeting we will also report on the operations of Esquire Financial Holdings, Inc. The business to be conducted at the Annual Meeting consists of(i) the election of four directors, (ii) the approval of the Esquire Financial Holdings, Inc. 2024 Equity Incentive Plan, (iii) the ratification of the appointment of Crowe LLP as our independent registered public accounting firm for the year ending December 31, 2024, and (iv) an advisory vote on executive compensation ("Say-on-Pay"). The Board of Directors ("Board") has determined that the matters to be considered at the Annual Meeting are in the best interest of Esquire Financial Holdings, Inc. and its stockholders. The Board unanimously recommends a vote "FOR" the election of the nominated directors; "FOR" the approval of the Esquire Financial Holdings, Inc. 2024 Equity Incentive Plan, "FOR" the ratification of the appointment of Crowe LLP as our independent registered public accounting firm for the year ending December 31, 2024, and "FOR" an advisory vote approving the "Say-on-Pay" executive compensation resolution . It is important that your shares be represented at the Annual Meeting. Please take a moment now to cast your vote via the Internet as described on the enclosed proxy card, or alternatively, complete, sign, date and return the proxy card in the postage-paid envelope provided so that your shares will be represented at the Annual Meeting. You may revoke your proxy at any time prior to its exercise. On behalf of the Board, we urge you to vote your proxy as soon as possible which will assure that your vote is counted. This will not prevent you from voting in person, but will assure that your vote is counted if you are unable to attend the Annual Meeting. Your vote is important, regardless of the number of shares that you own. Sincerely, Andrew C. Sagliocca Vice Chairman, Chief Executive Officer and President Esquire Financial Holdings, Inc. 100 Jericho Quadrangle, Suite 100 Jericho, New York 11753 (516) 535-2002 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To Be Held On May 30, 2024 Notice is hereby given that the Annual Meeting of Stockholders of Esquire Financial Holdings, Inc. will be held at the executive offices of Esquire Financial Holdings, Inc., located at 100 Jericho Quadrangle, Suite 100, Jericho, New York 11753 on May 30, 2024, at 10:00 a.m., local time. A Proxy Statement for the Annual Meeting is enclosed. The Annual Meeting is for the purpose of considering and acting upon: 1. the election of three directors to serve for a term of three years and the election of one director to serve for a term of one year; 2. the approval of the Esquire Financial Holdings, Inc. 2024 Equity Incentive Plan; 3. the ratification of the appointment of Crowe LLP as our independent registered public accounting firm for the year ending December 31, 2024; 4. an advisory vote on executive compensation ("Say-on-Pay"); and such other matters as may properly come before the Annual Meeting, or any adjournments thereof. The Board of Directors is not aware of any other business to come before the Annual Meeting. Any action may be taken on the foregoing proposals at the Annual Meeting on the date specified above, or on the date or dates to which the Annual Meeting may be adjourned. Stockholders of record at the close of business on March 28, 2024 are the stockholders entitled to vo

View Full Filing

View this DEF 14A filing on SEC EDGAR