General American Investors Co. Announces 2024 Annual Meeting Details

TL;DR

<b>General American Investors Co. will hold its 2024 Annual Meeting on April 24, 2024, to elect directors and ratify auditor appointments.</b>

AI Summary

GENERAL AMERICAN INVESTORS CO INC (GAM-PB) filed a Proxy Statement (DEF 14A) with the SEC on February 20, 2024. Annual meeting scheduled for April 24, 2024, at 11:00 a.m. at The Century Association, New York City. Agenda includes election of directors: eight elected by common and preferred stockholders, two by preferred stockholders only. Proposal to ratify the appointment of Ernst & Young LLP as independent auditors for the year ending December 31, 2024. Board of Directors unanimously recommends voting 'FOR' director nominees. Board of Directors unanimously recommends voting 'FOR' ratification of Ernst & Young LLP appointment.

Why It Matters

For investors and stakeholders tracking GENERAL AMERICAN INVESTORS CO INC, this filing contains several important signals. Stockholders will vote on director elections, impacting the company's governance and strategic direction. The ratification of Ernst & Young LLP as auditors is crucial for financial transparency and regulatory compliance.

Risk Assessment

Risk Level: low — GENERAL AMERICAN INVESTORS CO INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Stockholders should review director nominees and auditor ratification proposals before the April 24, 2024 meeting.

Key Numbers

• 2024 — Annual Meeting Year (The year for which the annual meeting is being held.)
• April 24 — Meeting Date (The specific date of the annual meeting.)
• 11:00 a.m. — Meeting Time (The scheduled time for the annual meeting.)
• 8 — Directors (Common/Preferred) (Number of directors elected by both common and preferred stockholders.)
• 2 — Directors (Preferred Only) (Number of directors elected solely by preferred stockholders.)

Key Players & Entities

• General American Investors Co. Inc. (company) — Registrant and filer of the proxy statement.
• Ernst & Young LLP (company) — Proposed independent auditors.
• April 24, 2024 (date) — Date of the annual meeting of stockholders.
• December 31, 2024 (date) — Fiscal year end for which Ernst & Young LLP is proposed to serve as auditors.
• 530 Fifth Ave, New York, NY 10036 (address) — Business and mailing address of the company.

FAQ

Industry Context

General American Investors Company, Inc. is a closed-end investment company. This filing is a routine proxy statement for its annual shareholder meeting.

Regulatory Implications

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

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Evaluate the proposal to ratify Ernst & Young LLP as independent auditors.
3. Vote in accordance with recommendations or personal judgment before the April 24, 2024 meeting.

Key Dates

• 2024-04-24: Annual Meeting of Stockholders — Election of directors and ratification of auditors.
• 2024-12-31: Fiscal Year End — Period for which auditors are appointed.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) filed for the 2024 annual meeting, indicating a routine corporate governance event.

Key Financial Figures

• $1 — ding 23,642,238 shares of Common Stock, $1 par value, and 7,601,553 shares of 5.95

Filing Documents

• gai-def14a_042424.htm (DEF 14A) — 310KB
• img001.jpg (GRAPHIC) — 3KB
• img002.jpg (GRAPHIC) — 1KB
• img003.jpg (GRAPHIC) — 1KB
• img005.jpg (GRAPHIC) — 1KB
• 0001999371-24-002520.txt (&nbsp;) — 320KB

From the Filing

DEF 14A 1 gai-def14a_042424.htm DEFINITIVE PROXY STATEMENT UNITED 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 Pursuant to (S) 240.14a-11(c) or (S) 240.14a-12 General American Investors Company, 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 the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i) (4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. GENERAL AMERICAN INVESTORS COMPANY, INC. 530 FIFTH AVENUE &bull; NEW YORK &bull; N.Y. 10036 Notice of Annual Meeting of Stockholders February 16, 2024 To the Stockholders of GENERAL AMERICAN INVESTORS Company, Inc. NOTICE IS HEREBY GIVEN that the 2024 annual meeting of stockholders of General American Investors Company, Inc. (the &ldquo;Company&rdquo;) will be held at The Century Association, 7 West 43 rd Street, New York City, NY, 10036, on Wednesday, April 24, 2024 at 11:00 a.m, for the purpose of: (A) Electing directors, eight to be elected by the holders of both the Company&rsquo;s Common Stock and its 5.95% Cumulative Preferred Stock, Series B (&ldquo;Preferred Stock&rdquo;), voting together as a single class, and two to be elected only by the holders of the Company&rsquo;s Preferred Stock, to hold office until the annual meeting of stockholders next ensuing after their election and until their respective successors are elected and shall have qualified; (B) Ratifying or rejecting the appointment by the Audit Committee of the Company&rsquo;s Board of Directors (which appointment was also approved by the Board of Directors of the Company) of the firm of Ernst & Young LLP to be the independent auditors of the Company for the year ending December 31, 2024; and (C) Transacting any and all such other business as may properly come before the meeting or any adjournments or postponements thereof in connection with the foregoing or otherwise. The Board of Directors unanimously recommends that stockholders vote &ldquo; FOR &rdquo; all of the nominees for director in item (A) and &ldquo; FOR &rdquo; ratification of the appointment of Ernst & Young LLP to be the independent auditors in item (B). This notice and related proxy material are expected to be mailed on or about February 23, 2024. If you do not expect to attend the meeting in person and wish your stock to be voted, you are requested to fill in and sign the accompanying form of proxy and return it in the accompanying envelope. Registered holders may also vote by telephone (touch-tone or voice) or internet through the Company&rsquo;s transfer agent, Equiniti Trust Company, LLC. If you expect to attend the meeting in person, you may complete and sign the accompanying form of proxy and return it in the accompanying envelope prior to the meeting or you may vote in person at the meeting at the specified time. Please bring photo identification and proof of (i.e., through an intermediary, such as a bank, broker or other nominee) and that wish to be admitted to and vote at the meeting must obtain a legal proxy from your bank, broker or other nominee reflecting the number of shares of the Company you held through such intermediary as of the record date (February 9, 2024) with your name and e-mail address. To be valid, your vote online by telephone or by mail must be received by the deadline specified on the proxy card or voting information form, as applicable. Even if you plan on attending the meeting in person, we encourage you to vote your shares in advance online, by phone or by mail to ensure that your vote will be represented at the meeting. For more details on how to vote your shares, please see the accompanying proxy statement. Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be held on April 24, 2024. The proxy statement is available at the following website: http://www.generalamericaninvestors.com/documents/reports/2024_Proxy.pdf The annual report is available at the following website: http://www.generalamericaninvestors.com/documen

View Full Filing

View this DEF 14A filing on SEC EDGAR