Franklin Wireless Corp. DEF 14A Filing

TL;DR

Franklin Wireless Corp. filed its proxy statement detailing exec pay for FY24.

AI Summary

Franklin Wireless Corp. filed its DEF 14A on October 25, 2024, for the fiscal year ending June 30, 2024. The filing details executive compensation and other corporate governance matters. It covers compensation for the fiscal years 2022, 2023, and 2024, with specific breakdowns for PEO and Non-PEO members.

Why It Matters

This filing provides insight into how Franklin Wireless Corp. compensates its top executives, which can influence investor decisions and employee morale.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and corporate governance, with no immediate red flags.

Key Numbers

• FY2024 — Fiscal Year (Executive compensation data reported for this period.)
• FY2023 — Fiscal Year (Executive compensation data reported for this period.)
• FY2022 — Fiscal Year (Executive compensation data reported for this period.)

Key Players & Entities

• FRANKLIN WIRELESS CORP (company) — Filer
• 0000722572 (company) — Central Index Key
• 20241025 (date) — Filing Date
• 2024-06-30 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $2,000,000 — erivative action returned a verdict for $2,000,000 in favor of the Company against the Com
• $20,000 — ctors are compensated at a base rate of $20,000 annually for the year ended June 30, 20

Filing Documents

• franklin_idef14a.htm (DEF 14A) — 300KB
• 0001683168-24-007396.txt ( ) — 785KB
• fkwl-20240630.xsd (EX-101.SCH) — 5KB
• fkwl-20240630_def.xml (EX-101.DEF) — 9KB
• fkwl-20240630_lab.xml (EX-101.LAB) — 59KB
• fkwl-20240630_pre.xml (EX-101.PRE) — 44KB
• franklin_idef14a_htm.xml (XML) — 94KB

: Gender Identity

Part I: Gender Identity Female Male Non-Binary Did Not Disclose Gender Directors 2 3 0 0

: Demographic Background

Part II: Demographic Background Number of Directors who identify in Any of the Categories Below: Female Male Non-Binary Did Not Disclose Gender African American or Black Alaskan Native or Native American Asian (other than South Asian) 2 2 South Asian Hispanic or Latinx Native Hawaiian or Pacific Islander White 1 LGBTQ+ 8 Fiscal 2024 Director Compensation Name Fee Earned or Paid in Cash ($)(1) Option Awards ($)(2) All Other Compensation ($) Total ($) Gary Nelson 20,000 – – 20,000 Johnathan Chee 20,000 – – 20,000 Heidy Chow 20,000 – – 20,000 Kristina Kim 20,000 – – 20,000 (1) Directors are compensated at a base rate of $20,000 annually for the year ended June 30, 2024. Bonuses may be awarded when the business has performed exceptionally well as determined by the Board of Directors. For the year ended June 30, 2024, there has been no approved bonus for the Directors. There were no outstanding equity awards held by any of the non-officer directors as of June 30, 2024. INFORMATION ABOUT THE EXECUTIVE OFFICERS The executive officers are appointed by our Board of Directors and hold office at the pleasure of the Board. There are no family relationships between any of our directors or executive officers. The current executive officers of the Company are as follows: Name Age Position OC Kim 59 President and a Director William (Bill) Bauer 55 Secretary and Interim Chief Financial Officer The following includes the principal occupations for the past five years (and, in some instances, for prior years) of each of our executive officers: OC Kim has been our President, CEO and a Director since 2003. Prior to joining Franklin Wireless, Mr. Kim was the CEO and President of Accetio Inc., a company he founded that developed modules for the wireless telecommunication industry. In 2003, Accetio Inc. merged with Franklin Telecommunications Corp. and was renamed Franklin Wir

View Full Filing

View this DEF 14A filing on SEC EDGAR