Hubbell Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: HUBB · Form: DEF 14A · Filed: Mar 25, 2024 · CIK: 48898

Hubbell Inc DEF 14A Filing Summary
FieldDetail
CompanyHubbell Inc (HUBB)
Form TypeDEF 14A
Filed DateMar 25, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$5.4 billion, $15.33, $715 million, $131 m
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Hubbell Inc., Corporate Governance, Shareholder Meeting

TL;DR

<b>Hubbell Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 7, 2024.</b>

AI Summary

HUBBELL INC (HUBB) filed a Proxy Statement (DEF 14A) with the SEC on March 25, 2024. Hubbell Inc. filed a Definitive Proxy Statement (DEF 14A) on March 25, 2024. The filing covers the period ending May 7, 2024. The company's fiscal year ends on December 31. Hubbell Inc. is incorporated in Connecticut (CT). The Standard Industrial Classification code is 3670 (Electronic Components & Accessories).

Why It Matters

For investors and stakeholders tracking HUBBELL INC, this filing contains several important signals. This filing provides detailed information regarding shareholder matters, including executive compensation and board nominations, which are crucial for investors to understand governance and potential future strategic decisions. As a DEF 14A filing, it signals that the company is preparing for its annual shareholder meeting, where key corporate decisions and leadership changes are typically voted upon.

Risk Assessment

Risk Level: low — HUBBELL INC shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

Analyst Insight

Review the executive compensation details and board member proposals within the DEF 14A to assess potential impacts on company strategy and shareholder value.

Key Numbers

  • 2024-03-25 — Filing Date (DEF 14A)
  • 2024-05-07 — Period of Report (DEF 14A)
  • 1231 — Fiscal Year End (Company Data)
  • CT — State of Incorporation (Company Data)
  • 3670 — SIC Code (Company Data)

Key Players & Entities

  • HUBBELL INC (company) — Filer
  • 2024-03-25 (date) — Filing Date
  • 2024-05-07 (date) — Period of Report
  • CT (location) — State of Incorporation
  • 3670 (other) — Standard Industrial Classification
  • 2037994100 (phone) — Business Phone
  • HUBBELL HARVEY INC (company) — Former Company Name
  • 1986-07-16 (date) — Date of Name Change

FAQ

When did HUBBELL INC file this DEF 14A?

HUBBELL INC filed this Proxy Statement (DEF 14A) with the SEC on March 25, 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 HUBBELL INC (HUBB).

Where can I read the original DEF 14A filing from HUBBELL 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 HUBBELL INC.

What are the key takeaways from HUBBELL INC's DEF 14A?

HUBBELL INC filed this DEF 14A on March 25, 2024. Key takeaways: Hubbell Inc. filed a Definitive Proxy Statement (DEF 14A) on March 25, 2024.. The filing covers the period ending May 7, 2024.. The company's fiscal year ends on December 31..

Is HUBBELL INC a risky investment based on this filing?

Based on this DEF 14A, HUBBELL INC presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

What should investors do after reading HUBBELL INC's DEF 14A?

Review the executive compensation details and board member proposals within the DEF 14A to assess potential impacts on company strategy and shareholder value. The overall sentiment from this filing is neutral.

How does HUBBELL INC compare to its industry peers?

Hubbell Inc. operates within the electronic components and accessories industry, a sector characterized by innovation and supply chain complexities.

Are there regulatory concerns for HUBBELL INC?

As a publicly traded company, Hubbell Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

Industry Context

Hubbell Inc. operates within the electronic components and accessories industry, a sector characterized by innovation and supply chain complexities.

Regulatory Implications

As a publicly traded company, Hubbell Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Analyze the proposals to be voted on at the upcoming shareholder meeting.
  2. Review executive compensation packages and any changes proposed.
  3. Examine director nominations and qualifications.

Key Dates

  • 2024-03-25: Filing Date — Filing of Definitive Proxy Statement (DEF 14A)
  • 2024-05-07: Period of Report End Date — Defines the reporting period for the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies related to shareholder meetings and does not represent a change from previous filings of the same type.

Filing Stats: 4,405 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-03-25 16:15:57

Key Financial Figures

  • $5.4 billion — NGS PER SHARE (2) FREE CASH FLOW (2) $5.4 billion $15.33 $715 million (1) The perform
  • $15.33 — (2) FREE CASH FLOW (2) $5.4 billion $15.33 $715 million (1) The performance sum
  • $715 million — E CASH FLOW (2) $5.4 billion $15.33 $715 million (1) The performance summary represent
  • $131 m — in its Electrical Solutions segment for $131 million, subject to customary adjustments

Filing Documents

Executive Compensation Highlights

Executive Compensation Highlights Compensation Philosophy Hubbell's compensation program is designed to achieve the following objectives: Align interests of executives with our shareholders by linking executive pay to Company performance. Incentivize high-quality executive talent essential to our immediate and long-term success. Target compensation for our executives to align with relevant external benchmarks. Elements of Compensation Hubbell compensated its named executive officers ("NEOs") using the following elements for total direct compensation in 2023: Target Compensation Mix Element Description CEO Other NEOs Targeted at 50 th percentile of peers Salary A competitive level of cash is provided to attract and retain executive talent. Annual Cash Incentive Amounts awarded based on achievements toward Hubbell's financial goals and individual performance against strategic objectives. Long-Term Equity Incentive A mix of equity awards designed to drive Hubbell's performance and align executives' interests with those of shareholders. 75% of equity awards are performance-based. Short and Long-Term Incentives Short-Term Incentive ("STI") Design The 2023 short-term incentive awards for the NEOs (including our CEO) were based 80% on Hubbell's financial performance and 20% on their individual contributions to Hubbell's strategic objectives. This design prioritizes and appropriately rewards performance on critical metrics including inclusion and diversity, sustainability, innovation, and acquisitions. (1) Adjusted earnings per share and free cash flow are non-GAAP financial measures. A reconciliation to the comparable GAAP financial measures can be found in Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 8, 2024. HUBBELL INCORPORATED | 2024 PROXY STATEMENT 8 Back to Contents Long-Te

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