Exponent Inc. Files DEF 14A Proxy Statement

TL;DR

<b>Exponent Inc. has filed its DEF 14A proxy statement detailing executive compensation and stock award information.</b>

AI Summary

EXPONENT INC (EXPO) filed a Proxy Statement (DEF 14A) with the SEC on April 22, 2024. Filing is a DEF 14A proxy statement for Exponent Inc. The filing pertains to the fiscal year ending December 29, 2024. The company's principal business address is 149 Commonwealth Drive, Menlo Park, CA 94025. The filing includes data on stock and option award values for PEO and Non-PEO members. Previous company name was Failure Group Inc., with a name change date of 1993-08-31.

Why It Matters

For investors and stakeholders tracking EXPONENT INC, this filing contains several important signals. This filing provides crucial details on executive compensation, including stock and option awards, which are key factors for investors evaluating management's alignment with shareholder interests. As a DEF 14A filing, it signals upcoming shareholder votes on matters such as director elections and executive compensation plans, allowing investors to make informed decisions.

Risk Assessment

Risk Level: low — EXPONENT INC shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, which typically contains standard disclosures about executive compensation and corporate governance, posing no immediate or unusual risk.

Analyst Insight

Review the executive compensation details and stock award valuations to assess management incentives and potential dilution.

Key Numbers

• 20240606 — Conformed Period of Report (DEF 14A filing)
• 20240422 — Filed as of Date (DEF 14A filing)
• 1229 — Fiscal Year End (Exponent Inc.)
• 19930831 — Date of Name Change (From Failure Group Inc. to Exponent Inc.)

Key Players & Entities

• EXPONENT INC (company) — Filer and company name
• FAILURE GROUP INC (company) — Former company name
• 149 COMMONWEALTH DRIVE (address) — Business and mailing address
• MENLO PARK (location) — City for business and mailing address
• CA (location) — State for business and mailing address
• 94025 (postal_code) — ZIP code for business and mailing address
• 650-326-9400 (phone_number) — Business phone number

FAQ

Industry Context

Exponent Inc. operates in the management consulting services industry, providing scientific and engineering consulting services.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Analyze the disclosed stock and option award values for PEO and Non-PEO members.
2. Review the details of any proposed director elections or executive compensation plans.
3. Compare the reported award values to previous periods if historical data is available in related filings.

Key Dates

• 2024-04-22: Filing Date — DEF 14A filing submitted
• 2024-06-06: Period of Report — Covers the reporting period for the proxy statement
• 2023-12-29: Fiscal Year End — End of the fiscal year for which data is reported

Year-Over-Year Comparison

This filing is a DEF 14A, indicating a proxy statement, which is a standard disclosure for upcoming shareholder meetings and executive compensation details.

Key Financial Figures

• $78.81 — al Select Market on the Record Date was $78.81 per share. 3 PROPOSAL NO. 1 ELECT
• $38,000 — paid for these consulting services was $38,000, $1,000 and $0 for fiscal 2021, 2022 an
• $1,000 — these consulting services was $38,000, $1,000 and $0 for fiscal 2021, 2022 and 2023,
• $0 — ulting services was $38,000, $1,000 and $0 for fiscal 2021, 2022 and 2023, respect

Filing Documents

• expo-20240422.htm (DEF 14A) — 1438KB
• img38824383_0.jpg (GRAPHIC) — 7KB
• img38824383_1.jpg (GRAPHIC) — 9KB
• img38824383_2.jpg (GRAPHIC) — 187KB
• img38824383_3.jpg (GRAPHIC) — 172KB
• img38824383_4.jpg (GRAPHIC) — 168KB
• img38824383_5.jpg (GRAPHIC) — 9KB
• img38824383_6.jpg (GRAPHIC) — 100KB
• img38824383_7.jpg (GRAPHIC) — 89KB
• 0000950170-24-046483.txt (&nbsp;) — 3812KB
• expo-20240422.xsd (EX-101.SCH) — 31KB
• expo-20240422_htm.xml (XML) — 199KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 29 Executive Officer Compensation 31 Compensation Discussion and Analysis 31 Report of the Human Resources Committee of the Board of Directors 38 Summary Compensation Table 39 Grants of Plan-Based Awards in Fiscal 2023 Table 40 Outstanding Equity Awards At Fiscal 2023 Year-End Table 42 Option Exercises and Stock Vested in Fiscal 2023 Table 43 Nonqualified Deferred Compensation in Fiscal 2023 Table 44 CEO Pay Ratio 44 Pay Versus Performance Disclosure 2023 46 Equity Compensation Plan Information in Fiscal 2023 48 Certain Relationships and Related Transactions 49 Other Matters 50 Appendix A—Amended and Restated 2008 Equity Incentive Plan A-1 EXPONENT, INC. PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS ABOUT THE AN NUAL MEETING General The enclosed proxy is solicited on behalf of the Board of Directors (the "Board of Directors" or the "Board") of Exponent, Inc., a Delaware corporation ("we," "our," "us," or the "Company"). The Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting") will be held virtually, on Thursday, June 6, 2024 at 8:00 a.m. Pacific time. As there will not be a physical location, stockholders will not be able to vote their shares in person at the Annual Meeting. The only way for stockholders to vote their shares is to submit a proxy in advance of the meeting using one of the methods described in the proxy materials for the Annual Meeting or to attend the meeting virtually per the instructions below. We are committed to ensuring, to the extent possible, that stockholders will be afforded the ability to participate at the virtual meeting like they would at an in-person meeting. If you were a stockholder of record as of the close of business on April 10, 2024, (the "Record Date"), or hold a legal proxy for the meeting provided by your bank, broker or nominee, you are entitled to participate

: Gender Identity

Part I: Gender Identity Female Male Non-Binary Did Not Disclose Gender Directors 4 2 0 0

: Demographic Background

Part II: Demographic Background African American or Black 0 1 0 0 Alaskan Native or Native American 0 0 0 0 Asian 0 0 0 0 Hispanic or Latinx 0 0 0 0 Native Hawaiian or Pacific Islander 0 0 0 0 White 4 1 0 0 Two or More Races or Ethnicities 0 0 0 0 LGBTQ+ 0 0 0 0 Did not Disclose Demographic Background 0 0 0 0 9 BOARD MEETINGS, COMMITTE ES, AND BOARD LEADERSHIP The Board held five meetings in fiscal 2023. Each director attended at least 75% of applicable Board meetings and committee meetings during fiscal 2023. The following table describes the Board's committees including their current composition. The members of each committee are all independent directors within the meaning of applicable Nasdaq listing standards. Committee Name/Number of Members Function of Committee Meetings in Fiscal 2023 AUDIT COMMITTEE George H. Brown—Chairperson Carol Lindstrom Kar

View Full Filing

View this DEF 14A filing on SEC EDGAR