IDEX CORP /DE/ Files Definitive Proxy Statement
Ticker: IEX · Form: DEF 14A · Filed: Mar 26, 2024 · CIK: 832101
| Field | Detail |
|---|---|
| Company | Idex Corp /De/ (IEX) |
| Form Type | DEF 14A |
| Filed Date | Mar 26, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01, $7,000, $10 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy statement, DEF 14A, IDEX CORP, shareholder meeting, executive compensation
TL;DR
<b>IDEX CORP /DE/ files its Definitive Proxy Statement (DEF 14A) on March 26, 2024.</b>
AI Summary
IDEX CORP /DE/ (IEX) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. Filing type is DEF 14A, indicating a definitive proxy statement. Company is IDEX CORP /DE/ with Central Index Key 0000832101. Fiscal year end is December 31st. Business and mailing address is 3100 SANDERS ROAD, SUITE 301, NORTHBROOK, IL 60062. Filing date is March 26, 2024, for the period ending May 7, 2024.
Why It Matters
For investors and stakeholders tracking IDEX CORP /DE/, this filing contains several important signals. This filing is a standard regulatory requirement for public companies to provide shareholders with information regarding annual meetings, director elections, and executive compensation. Shareholders can use this document to make informed decisions about voting on company matters and executive compensation plans.
Risk Assessment
Risk Level: low — IDEX CORP /DE/ shows low risk based on this filing. The filing is a routine DEF 14A, which typically contains standard disclosures and does not indicate any unusual financial or operational events.
Analyst Insight
Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to understand management's strategy and shareholder interests.
Key Numbers
- 2024-03-26 — Filing Date (DEF 14A filing date)
- 2024-05-07 — Period of Report (Conformed period of report)
- 2023-12-31 — Fiscal Year End (Company fiscal year end)
- 3561 — SIC Code (Standard Industrial Classification)
Key Players & Entities
- IDEX CORP /DE/ (company) — Filer
- 0000832101 (company) — Central Index Key
- 363555336 (company) — IRS Number
- DE (company) — State of Incorporation
- 3100 SANDERS ROAD (company) — Business Address Street 1
- NORTHBROOK (company) — Business Address City
- IL (company) — Business Address State
- 60062 (company) — Business Address Zip
FAQ
When did IDEX CORP /DE/ file this DEF 14A?
IDEX CORP /DE/ filed this Proxy Statement (DEF 14A) with the SEC on March 26, 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 IDEX CORP /DE/ (IEX).
Where can I read the original DEF 14A filing from IDEX CORP /DE/?
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 IDEX CORP /DE/.
What are the key takeaways from IDEX CORP /DE/'s DEF 14A?
IDEX CORP /DE/ filed this DEF 14A on March 26, 2024. Key takeaways: Filing type is DEF 14A, indicating a definitive proxy statement.. Company is IDEX CORP /DE/ with Central Index Key 0000832101.. Fiscal year end is December 31st..
Is IDEX CORP /DE/ a risky investment based on this filing?
Based on this DEF 14A, IDEX CORP /DE/ presents a relatively low-risk profile. The filing is a routine DEF 14A, which typically contains standard disclosures and does not indicate any unusual financial or operational events.
What should investors do after reading IDEX CORP /DE/'s DEF 14A?
Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to understand management's strategy and shareholder interests. The overall sentiment from this filing is neutral.
How does IDEX CORP /DE/ compare to its industry peers?
IDEX CORP operates in the Pumps & Pump Equipment manufacturing industry (SIC 3561).
Are there regulatory concerns for IDEX CORP /DE/?
This DEF 14A filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.
Industry Context
IDEX CORP operates in the Pumps & Pump Equipment manufacturing industry (SIC 3561).
Regulatory Implications
This DEF 14A filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.
What Investors Should Do
- Review the full DEF 14A filing for detailed information on executive compensation packages.
- Examine the list of director nominees and their qualifications.
- Identify any shareholder proposals and the company's recommendation for voting.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a routine disclosure for annual shareholder meetings and does not represent a change from previous filings of the same type.
Filing Stats: 4,625 words · 19 min read · ~15 pages · Grade level 12.3 · Accepted 2024-03-26 09:31:52
Key Financial Figures
- $0.01 — hares of IDEX's common stock, par value $0.01 per share (Common Stock) as of the clos
- $7,000 — olicitation and collection at a cost of $7,000, plus out-of-pocket expenses. 4 Tab
- $10 billion — isition transactions totaling more than $10 billion in value. Mr. Buthman has been a discip
Filing Documents
- d784515ddef14a.htm (DEF 14A) — 1857KB
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- g784515sp01_b.jpg (GRAPHIC) — 4KB
- g784515sp02.jpg (GRAPHIC) — 1KB
- 0001193125-24-077229.txt ( ) — 5614KB
- iex-20231231.xsd (EX-101.SCH) — 6KB
- iex-20231231_def.xml (EX-101.DEF) — 7KB
- iex-20231231_lab.xml (EX-101.LAB) — 10KB
- iex-20231231_pre.xml (EX-101.PRE) — 6KB
- d784515ddef14a_htm.xml (XML) — 238KB
SECURITY OWNERSHIP
SECURITY OWNERSHIP 27
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 29 Compensation Discussion and Analysis 29 2023 Executive Compensation Program 34 Setting Executive Compensation 39 Other Compensation Components 42 Other Executive Compensation Matters 42 Risk Assessment 44 Compensation Committee Report 44 2023 Summary Compensation Table. . . . 45 Narrative to 2023 Summary Compensation Table 47 2023 Grants of Plan-Based Awards 48 Narrative to 2023 Grants of Plan-Based Awards Table 50 Outstanding Equity Awards at 2023 Fiscal Year End 51 2023 Option Exercises and Stock Vested 53 Nonqualified Deferred Compensation at 2023 Fiscal Year End 53 Narrative to Nonqualified Deferred Compensation at 2023 Fiscal Year End Table 54 Potential Payments upon Termination or Change in Control 54 CEO and Median Employee Pay Ratio 59 Pay Versus Performance 60 PROPOSAL 2 — ADVISORY VOTE ON EXECUTIVE COMPENSATION 65 PROPOSAL 3 — APPROVAL OF THE IDEX CORPORATION 2024 INCENTIVE AWARD PLAN 66 AUDIT COMMITTEE REPORT 78 PRINCIPAL ACCOUNTANT FEES AND SERVICES 79 Pre-Approval Policies and Procedures 79 PROPOSAL 4 — APPROVAL OF AUDITORS 80 PROPOSAL 5 — STOCKHOLDER PROPOSAL 81 DELINQUENT SECTION 16(a) REPORTS 85 STOCKHOLDER PROPOSALS AND DIRECTOR NOMINATIONS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS 85 OTHER BUSINESS 86 Appendix A — IDEX CORPORATION — 2024 INCENTIVE AWARD PLAN 1 i Table of Contents SUMMARY IDEX Corporation (the Company or IDEX) has prepared this proxy statement (Proxy Statement) in connection with the solicitation by the Company's Board of Directors (the Board) of proxies for the Annual Meeting of Stockholders to be held virtually on Tuesday, May 7, 2024, at 9:00 a.m. Central Time (the Annual Meeting). In order to attend the Annual Meeting, vote during the Annual Meeting and submit questions, stockholders must go to http://www.virtualshareholdermeeting.com/IEX2024 and enter the 16-digit control numb