Focus Universal Inc. Files Definitive Proxy Statement
Ticker: FCUV · Form: DEF 14A · Filed: Oct 11, 2024 · CIK: 1590418
Sentiment: neutral
Topics: proxy-statement, regulatory-filing, sec
TL;DR
FOCUS files its DEF 14A. Standard proxy stuff, nothing wild.
AI Summary
Focus Universal Inc. filed a Definitive Proxy Statement (DEF 14A) on October 11, 2024, for its fiscal year ending December 31. The filing, related to the Securities Exchange Act of 1934, concerns the company's proxy statement information. The company is incorporated in Nevada and its principal executive offices are located at 2311 East Locust Street, Ontario, CA 91761.
Why It Matters
This filing is a standard regulatory requirement for public companies, providing shareholders with information necessary for upcoming meetings and voting decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing and does not contain new financial information or strategic decisions that would immediately impact the company's risk profile.
Key Numbers
- 20241011 — Filing Date (The date the Definitive Proxy Statement was filed with the SEC.)
- 20241129 — Fiscal Year End (The period the proxy statement information pertains to.)
Key Players & Entities
- FOCUS UNIVERSAL INC. (company) — Registrant
- 0001590418 (company) — Central Index Key
- 2311 EAST LOCUST STREET (location) — Business Address
- ONTARIO (location) — City
- CA (location) — State
- 91761 (location) — ZIP Code
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming shareholder meeting, providing essential information for voting.
When was this DEF 14A filed by Focus Universal Inc.?
Focus Universal Inc. filed this DEF 14A on October 11, 2024.
What is the primary business address of Focus Universal Inc. as listed in the filing?
The primary business address listed is 2311 East Locust Street, Ontario, CA 91761.
What is the Central Index Key (CIK) for Focus Universal Inc.?
The Central Index Key for Focus Universal Inc. is 0001590418.
What is the fiscal year end for Focus Universal Inc. relevant to this filing?
The Conformed Period of Report is 20241129, indicating the fiscal year end relevant to this filing.
Filing Stats: 4,727 words · 19 min read · ~16 pages · Grade level 14.2 · Accepted 2024-10-11 17:27:54
Key Financial Figures
- $0.001 — authorized shares of our common stock, $0.001 par value per share, from 75,000,000 sh
Filing Documents
- focus_def14a.htm (DEF 14A) — 405KB
- image_002.jpg (GRAPHIC) — 5KB
- image_003.jpg (GRAPHIC) — 54KB
- image_006.jpg (GRAPHIC) — 21KB
- image_007.jpg (GRAPHIC) — 49KB
- 0001683168-24-007109.txt ( ) — 585KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 22 Compensation Discussion and Analysis 22 Deductibility of Executive Compensation 23 Compensation of Officers 23 Employment Agreements 24 Retirement, Resignation or Termination Plans 24 Directors’ Compensation 24 Option Exercises and Stock Vested 24 Pension Benefits and Nonqualified Deferred Compensation 24 Executive Officer and Director Outstanding Equity Awards at Fiscal Year-End 25
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS 26 Section 16(a) Beneficial Ownership Reporting Compliance 26 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 27 Related Party Transactions 27 REPORT OF THE COMPENSATION COMMITTEE 28 PROPOSAL TWO 29 Vote Required 29 Principal Accountant Fees and Services 30 REPORT OF THE AUDIT COMMITTEE 31 PROPOSAL THREE 32 Background 32 Purpose of the Proposed Amendment 32 Reasons for the Proposed Amendment 32 Effect of the Proposed Amendment 33 Risks/Impacts of Non-approval 33 Interests of Certain Persons in Matter to be Acted Upon 33 Vote Required 34 DELIVERY OF PROXY MATERIALS TO HOUSEHOLDS 35 ADDITIONAL INFORMATION 35 OTHER MATTERS 36 APPENDIX A 37 3 PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON NOVEMBER 29, 2024 INTRODUCTION This proxy statement is furnished in connection with the solicitation by the Board of Directors (the “Board”) of Focus Universal Inc. (the “Company”) of proxies to be voted at the 2024 Annual Meeting of Shareholders of the Company (the “Annual Meeting”) to be held at the Company’s headquarters located at 2311 East Locust Court, Ontario, California 91761 at 2:00 p.m., Pacific Daylight Time, on Friday, November 29, 2024 and at any adjournment or postponement thereof (the “Proxy Statement”). This Proxy Statement and the accompanying proxy card are being mailed to shareholders commencing on or about the Record Date. Only the holders of our “Common Stock” at the close of business on October 2, 2024 (the “Record Date”), will have the right to vote at the Annual Meeting. QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING The following are some questions that you, as a shareholder of the Company, may have regarding the Annual Meeting, together with brief answers to those questions. We urge you to read ca