National Beverage Corp. Files DEF 14A for FY24

Ticker: FIZZ · Form: DEF 14A · Filed: Aug 23, 2024 · CIK: 69891

National Beverage CORP DEF 14A Filing Summary
FieldDetail
CompanyNational Beverage CORP (FIZZ)
Form TypeDEF 14A
Filed DateAug 23, 2024
Risk Levellow
Pages15
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

National Beverage Corp. DEF 14A out - exec comp details for FY24.

AI Summary

National Beverage Corp. filed its DEF 14A on August 23, 2024, for the fiscal year ending April 27, 2024. The filing details executive compensation and other corporate governance matters. Key financial periods covered include fiscal years ending April 27, 2024, April 30, 2023, and April 29, 2022, with compensation data for covered years.

Why It Matters

This filing provides crucial insights into how National Beverage Corp. compensates its top executives, which can influence investor decisions and perceptions of the company's management and future performance.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and corporate governance, not indicating new or unusual risks.

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 and provide information on matters such as director elections, executive compensation, and other corporate actions.

What is the fiscal year end for National Beverage Corp. as stated in this filing?

The fiscal year end for National Beverage Corp. is April 27, 2024.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on August 23, 2024.

What are some of the key financial periods covered by this filing?

This filing covers key financial periods including the fiscal years ending April 27, 2024, April 30, 2023, and April 29, 2022.

What is the company's Standard Industrial Classification (SIC) code?

The company's SIC code is 2086, which corresponds to Bottled & Canned Soft Drinks and Carbonated Waters.

Filing Stats: 4,632 words · 19 min read · ~15 pages · Grade level 11.2 · Accepted 2024-08-23 16:45:48

Filing Documents

SECURITY OWNERSHIP

SECURITY OWNERSHIP Principal Shareholders As of the Record Date, 93,611,246 shares of Common Stock were outstanding and, as of such date, the only persons known by the Company to beneficially own more than 5% of the outstanding Common Stock were the following: Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent of Class Nick A. Caporella 8100 Southwest Tenth Street Fort Lauderdale, Florida 33324 68,494,572 1 73.2% IBS Partners Ltd. 1127 Eldridge Parkway Suite 300-0137 Houston, Texas 77077 66,604,492 71.2% 1 Includes 66,604,492 shares owned by IBS Partners Ltd. ("IBS"). IBS is a Texas limited partnership whose sole general partner is IBS Management Partners, Inc., a Texas corporation. IBS Management Partners, Inc. is owned by Mr. Nick A. Caporella. By virtue of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Caporella would be deemed to beneficially own the shares of Common Stock owned by IBS. Also includes 60,714 shares held by the wife of Mr. Caporella as to which Mr. Caporella disclaims beneficial ownership. 2 Directors and Executive Officers The table below reflects, as of the Record Date, the number of shares of Common Stock beneficially owned by the directors and each of the executive officers named (the "Executive Officers") in the Summary Compensation Table that follows and the number of shares of Common Stock beneficially owned by all directors and Executive Officers as a group: Name of Beneficial Owner Amount and Nature of Beneficial Ownership Percent of Class Nick A. Caporella 68,494,572 1 73.2% Joseph G. Caporella 949,800 2 1.0% Cecil D. Conlee 59,840 3 * Samuel C. Hathorn, Jr. 92,966 4 * Stanley M. Sheridan 79,308 5 * George R. Bracken 317,156 6 * All Executive Officers and Directors as a Group (6 in number) 69,993,642 7 74.8% * Less than 1%. 1 Includes 66,604,492 shares held by IBS. Also inclu

EXECUTIVE COMPENSATION AND OTHER INFORMATION

EXECUTIVE COMPENSATION AND OTHER INFORMATION Compensation Discussion and Analysis The following discussion and analysis is intended to provide an understanding of the Company's compensation philosophy and policies and the actual compensation earned by each of our Executive Officers. It should be noted that neither Mr. Nick A. Caporella nor Mr. Bracken receives cash compensation from the Company. The services of both are provided to the Company by CMA and their cash compensation is based solely on and included within the management fee paid to CMA. (See "Management Services Agreement – Compensation" and "Certain Relationships and Related Party Transactions".) At the 2023 Annual Meeting, 80% of the shares voted by our shareholders were voted to approve, on an advisory basis, the compensation of our Executive Officers. We believe this vote supports our view that the Company's compensation decisions and compensation philosophy and policy discussed below appropriately align the interests of our Executive Officers with the short and long-term goals of the Company. Based on the last advisory vote of our shareholders at the 2023 Annual Meeting, the Board determined that the Company will hold shareholder advisory votes on executive compensation every three years. The next shareholder advisory vote on executive compensation is scheduled to take place at the Ann

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