Insteel Industries Inc. Files 2025 Proxy Statement
Ticker: IIIN · Form: DEF 14A · Filed: Jan 2, 2025 · CIK: 764401
| Field | Detail |
|---|---|
| Company | Insteel Industries INC (IIIN) |
| Form Type | DEF 14A |
| Filed Date | Jan 2, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, corporate-governance, executive-compensation
TL;DR
Insteel proxy filed: exec pay, board noms, shareholder votes coming up.
AI Summary
Insteel Industries Inc. filed its DEF 14A proxy statement on January 2, 2025, for the fiscal year ending September 28, 2024. The filing details executive compensation, board nominations, and other corporate governance matters. Key financial periods covered include fiscal years 2024, 2023, and 2022, with specific dates such as October 1, 2023, to September 28, 2024, for the most recent fiscal year.
Why It Matters
This filing provides shareholders with crucial information regarding executive pay and board composition, enabling informed voting decisions on corporate governance matters.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing detailing corporate governance and executive compensation, not indicating immediate financial distress or significant new risks.
Key Numbers
- 2024-09-28 — Fiscal Year End (Most recent fiscal year reported)
- 2023-09-30 — Previous Fiscal Year End (Prior fiscal year reported)
- 2022-10-01 — Prior Fiscal Year Start (Start date of the prior fiscal year)
Key Players & Entities
- Insteel Industries Inc. (company) — Filer of the DEF 14A
- 0001308179-25-000001 (dollar_amount) — Accession Number for the filing
- 20250102 (dollar_amount) — Filing date
- 20250211 (dollar_amount) — Conformed period of report
- 0000764401 (dollar_amount) — Central Index Key for Insteel Industries Inc.
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose is to provide shareholders with information for the annual meeting, including details on executive compensation, board nominations, and voting matters.
When is Insteel Industries Inc.'s fiscal year end?
Insteel Industries Inc.'s fiscal year ends on September 28th.
What is the accession number for this filing?
The accession number for this filing is 0001308179-25-000001.
What is the Central Index Key (CIK) for Insteel Industries Inc.?
The Central Index Key (CIK) for Insteel Industries Inc. is 0000764401.
What is the filing date of this DEF 14A statement?
This DEF 14A statement was filed on January 2, 2025.
Filing Stats: 4,484 words · 18 min read · ~15 pages · Grade level 14 · Accepted 2025-01-02 12:00:32
Filing Documents
- iiinpro012677-def14a.htm (DEF 14A) — 1209KB
- iiin_courtesy-pdf.pdf (DEF 14A) — 417KB
- check01.jpg (GRAPHIC) — 1KB
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- iiinpro012677-def14a43x1.jpg (GRAPHIC) — 61KB
- iiinpro012677-def14a43x2.jpg (GRAPHIC) — 64KB
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- iiinpro012677-def14a54x1.jpg (GRAPHIC) — 5KB
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- iiinpro012677-def14a84x1.jpg (GRAPHIC) — 27KB
- iiinpro012677-def14ax55x1.jpg (GRAPHIC) — 2KB
- liiin026x63x1.jpg (GRAPHIC) — 9KB
- logo.jpg (GRAPHIC) — 25KB
- proxy1.jpg (GRAPHIC) — 1665KB
- proxy2.jpg (GRAPHIC) — 1686KB
- uncheck.jpg (GRAPHIC) — 1KB
- 0001308179-25-000001.txt ( ) — 12228KB
- iiin-20250211.xsd (EX-101.SCH) — 6KB
- iiin-20250211_pre.xml (EX-101.PRE) — 45KB
- iiin-20250211_lab.xml (EX-101.LAB) — 61KB
- iiin-20250211_def.xml (EX-101.DEF) — 10KB
- iiinpro012677-def14a_htm.xml (XML) — 170KB
Executive Compensation Committee Report
Executive Compensation Committee Report 30 Summary Compensation Table 31 Fiscal 2024 Grants of Plan-Based Awards 32 Outstanding Equity Awards at Fiscal Year End 2024 33 Options Exercised and Stock Vested During Fiscal Year 2024 35 Pension Benefits 35 Potential Payments upon Termination or Change in Control 36 www.insteel.com INSTEEL INDUSTRIES INC. | 2025 Proxy Statement 4 Back to Contents CEO Pay Ratio 38 Pay Versus Performance 39 Director Compensation 42 Equity Compensation Plan Information 43 Compensation Committee Interlocks and Insider Participation 43 Item Number Three: Approval of the Insteel Industries Inc. 2025 Equity Incentive Plan 44 Why You Should Vote to Approve the 2025 Plan 44 Summary of Key 2025 Plan Provisions and other Compensation Best Practices 44 Overview of Key Terms 46 Additional Information Regarding Equity Awards 49 Certain United States Federal Income Tax Consequences 50 New Plan Benefits 52 Board Recommendation 52 Item Number Four: Ratification of the Appointment of Grant Thornton LLP as our Independent Registered Public Accounting Firm 53 Board Recommendation 53 Fees Paid to Independent Registered Public Accounting Firm 53 Pre-Approval Policies and Procedures 54 Report of the Audit Committee 54 Certain Relationships and Related Person Transactions 55 Questions and Answers About the Annual Meeting 56 Other Information 60 Expenses of Solicitation 60 Householding 60 Shareholder Proposals for the 2026 Annual Meeting 61 Proposals for Inclusion in the Proxy Statement 61 Other Proposals 61 Delivery of Notice of a Proposal 61 Appendix A A-1 Insteel Industries Inc. 2025 Equity Incentive Plan A-1 INSTEEL INDUSTRIES INC. | 2025 Proxy Statement 5 Back to Contents Proxy Summary This summary highlights certain information that is described in more detail elsewhere in this proxy statement. This summary does not contain all the in