Hackett Group, Inc. DEF 14A Filing
Ticker: HCKT · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 1057379
Sentiment: neutral
Topics: DEF 14A, Hackett Group, Executive Compensation, Equity Awards, Proxy Statement
TL;DR
<b>Hackett Group, Inc. files its Definitive Proxy Statement detailing executive compensation and equity award changes.</b>
AI Summary
HACKETT GROUP, INC. (HCKT) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Hackett Group, Inc. The report period is May 2, 2024, with a filing date of March 22, 2024. The company's principal business address is 1001 Brickell Bay Drive, Suite 3000, Miami, FL 33131. Hackett Group, Inc. was formerly known as Answerthink Inc. and Answerthink Consulting Group Inc. The filing details changes in the value of unvested and vested equity awards for PEO and Non-PEO members over various fiscal years.
Why It Matters
For investors and stakeholders tracking HACKETT GROUP, INC., this filing contains several important signals. This DEF 14A filing provides crucial information for shareholders regarding executive compensation, voting matters, and corporate governance. Understanding the changes in equity awards is important for assessing executive incentives and potential dilution for shareholders.
Risk Assessment
Risk Level: low — HACKETT GROUP, INC. shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.
Analyst Insight
Review the executive compensation details and voting proposals to make informed decisions as a shareholder.
Key Numbers
- 2024-05-02 — Report Period End Date (Conformed period of report)
- 2024-03-22 — Filing Date (Filed as of date)
- 8742 — SIC Code (Standard Industrial Classification for Management Consulting Services)
Key Players & Entities
- HACKETT GROUP, INC. (company) — Filer name
- ANSWERTHINK INC (company) — Former company name
- ANSWERTHINK CONSULTING GROUP INC (company) — Former company name
- 1001 BRICKELL BAY DRIVE (address) — Business and mailing address
- MIAMI (location) — City for business and mailing address
- FL (location) — State for business and mailing address
FAQ
When did HACKETT GROUP, INC. file this DEF 14A?
HACKETT GROUP, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 22, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by HACKETT GROUP, INC. (HCKT).
Where can I read the original DEF 14A filing from HACKETT GROUP, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HACKETT GROUP, INC..
What are the key takeaways from HACKETT GROUP, INC.'s DEF 14A?
HACKETT GROUP, INC. filed this DEF 14A on March 22, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Hackett Group, Inc.. The report period is May 2, 2024, with a filing date of March 22, 2024.. The company's principal business address is 1001 Brickell Bay Drive, Suite 3000, Miami, FL 33131..
Is HACKETT GROUP, INC. a risky investment based on this filing?
Based on this DEF 14A, HACKETT GROUP, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.
What should investors do after reading HACKETT GROUP, INC.'s DEF 14A?
Review the executive compensation details and voting proposals to make informed decisions as a shareholder. The overall sentiment from this filing is neutral.
How does HACKETT GROUP, INC. compare to its industry peers?
Hackett Group operates in the management consulting services industry, providing expertise in areas such as digital transformation, cloud, and enterprise performance.
Are there regulatory concerns for HACKETT GROUP, INC.?
As a publicly traded company, Hackett Group is subject to SEC regulations, including the requirement to file proxy statements for shareholder meetings.
Industry Context
Hackett Group operates in the management consulting services industry, providing expertise in areas such as digital transformation, cloud, and enterprise performance.
Regulatory Implications
As a publicly traded company, Hackett Group is subject to SEC regulations, including the requirement to file proxy statements for shareholder meetings.
What Investors Should Do
- Review the detailed breakdown of equity awards granted and vested for PEO and Non-PEO members.
- Examine any proposals presented for shareholder vote, such as director elections or executive compensation plans.
- Note the company's former names and the date of name changes for historical context.
Key Dates
- 2024-03-22: Filing Date — Definitive Proxy Statement filed
- 2024-05-02: Report Period End — Conformed period of report
Year-Over-Year Comparison
This filing is a DEF 14A, which is a standard disclosure document. No prior filing data for comparison is available in this extract.
Filing Stats: 4,712 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-03-22 13:43:52
Filing Documents
- hckt-20240322.htm (DEF 14A) — 1473KB
- img155099276_0.jpg (GRAPHIC) — 29KB
- img155099276_1.jpg (GRAPHIC) — 6KB
- img155099276_2.jpg (GRAPHIC) — 6KB
- img155099276_3.jpg (GRAPHIC) — 383KB
- img155099276_4.jpg (GRAPHIC) — 393KB
- 0000950170-24-035239.txt ( ) — 4409KB
- hckt-20240322.xsd (EX-101.SCH) — 46KB
- hckt-20240322_htm.xml (XML) — 349KB
Executive Compensation Decisions for 2023
Executive Compensation Decisions for 2023 19
Executive Compensation Decisions for 2024
Executive Compensation Decisions for 2024 20 Timing of Equity Incentive Plan Awards and Discretionary Equity Awards 20 Tax and Accounting Considerations and Compensation Deductibility Policy 21 Compensation Recovery 21 SUMMARY COMPENSATION TABLE 22 GRANTS OF PLAN-BASED AWARDS FOR FISCAL YEAR 2023 23 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 25 OPTION EXERCISES AND STOCK VESTED (During fiscal year-ended December 29, 2023) 26 Narrative Disclosure to Summary Compensation Table and Plan-Based Awards Table 26 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL 28 DIRECTOR COMPENSATION 32 OUTSTANDING DIRECTOR EQUITY AWARDS AT 2023 FISCAL YEAR-END 33 Compensation Committee Interlocks 33 PAY RATIO 33 PAY VERSUS PERFORMANCE 34 PROPOSAL 2 TO APPROVE AN AMENDMENT TO THE COMPANY'S 1998 STOCK OPTION AND INCENTIVE PLAN (THE "PLAN") TO (I) INCREASE THE SUBLIMIT UNDER THE PLAN FOR RESTRICTED STOCK AND RESTRICTED STOCK UNIT ISSUANCES BY 1,200,000 SHARES, AND (II) INCREASE THE TOTAL NUMBER OF SHARES AUTHORIZED UNDER THE PLAN BY 1,200,000 SHARES 37 PROPOSAL 3 ADVISORY VOTE ON EXECUTIVE COMPENSATION 45 REPORT OF THE AUDIT COMMITTEE 48 PROPOSAL 4 TO RATIFY THE APPOINTMENT OF RSM US LLP AS THE COMPANYS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 27, 202 4 49 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 50 Review, Approval or Ratification of Related Person Transactions 50 BENEFICIAL OWNERSHIP OF COMMON STOCK 51 SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 53 SHAREHOLDERS PROPOSALS FOR THE ANNUAL MEETING IN 2025 53 WHERE YOU CAN OBTAIN ADDITIONAL INFORMATION 54 OTHER BUSINESS TO BE TRANSACTED 55 APPENDIX A A- 1 APPENDIX B B- 1 THE HACKETT GROUP, INC. 1001 Brickell Bay Drive, 30th Floor Miami, Florida 33131 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS MAY 2, 2024 VOTING INFORMATION This proxy stateme