IT Tech Packaging Files Definitive Proxy Statement

TL;DR

IT Tech Packaging dropped its proxy statement for the Oct 31 fiscal year end. Get ready to vote.

AI Summary

IT Tech Packaging, Inc. filed its definitive proxy statement on September 6, 2024, for its annual meeting of stockholders. The filing covers the fiscal year ending October 31, 2024, and includes information related to corporate governance and shareholder matters. The company, formerly known as Orient Paper Inc., is incorporated in Nevada and operates in the paper and paperboard products sector.

Why It Matters

This filing provides shareholders with crucial information regarding the company's governance and upcoming voting matters, allowing them to make informed decisions at the annual meeting.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) that provides information to shareholders and does not inherently indicate new risks.

Key Players & Entities

• IT TECH PACKAGING, INC. (company) — Registrant
• Orient Paper Inc. (company) — Former company name
• 20241031 (date) — Conformed period of report
• 20240906 (date) — Filing date

FAQ

Filing Documents

• ea0213741-def14a_ittechpack.htm (DEF 14A) — 215KB
• 0001213900-24-076616.txt ( ) — 216KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 4 Proposal 1: Election of Directors 5 Nominees for Director 5 Term of Office 5 Vote Required and Board of Directors’ Recommendation 5 Directors and Officers 6 Involvement in Certain Legal Proceedings 7 Transactions with Related Persons, Promoters and Certain Control Persons 8 Procedures for Approval of Related Party Transactions 8 Section 16(a) Beneficial Ownership Reporting Compliance 9 Director Independence 9 Meetings and Committees of the Board of Directors; Annual Meeting Attendance 10 Board Meetings 11 Board Leadership Structure and Role in Risk Oversight 12 Stockholder Communications 12 Code of Ethics 12 Board of Directors Compensation 13 Report of the Audit Committee of the Board of Directors 14

Executive Compensation

Executive Compensation 15 Employment Agreements 15 Outstanding Equity Awards at 2023 Fiscal Year-End 15 Proposal 2: Advisory Vote on Executive Compensation 16 Proposal 3: Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation Stockholder Proposals 17 Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm 18 Audit Fees 18 Audit-Related Fees 18 Tax Reporting Preparation Fees 19 All Other Fees 19 Pre-Approval Policies and Procedures 19 Vote Required and Board of Directors’ Recommendation 19 Stockholder Proposals 20 Other Business 20 Annual Report 20 i IT TECH PACKAGING, INC. Science Park, Juli Road Xushui District, Baoding City Hebei Province, People’s Republic of China 072550 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON OCTOBER 31, 2024 To the Stockholders of IT Tech Packaging, Inc.: NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of IT Tech Packaging, Inc., a Nevada corporation (the “Company”), will be held at Wei County Production Base, IT Tech Packaging Inc., Industrial Park, Wei County, Hebei Province, China 054700 on October 31, 2024, at 10 a.m. local time (10 p.m. ET, October 30, 2024), for the following purposes: 1. To elect three directors in Class II to serve on the Board of Directors of the Company, with such Class II directors to serve until the 2026 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified or until his or her earlier resignation, removal or death; 2. To conduct a “say-on-pay” advisory vote to approve executive compensation; 3. To conduct an advisory vote on the frequency of future advisory votes on executive compensation; 4. To ratify the appointment of GGF CPA Limited as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and 5. To ac

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth certain information with respect to the beneficial ownership of our voting securities by (i) any person or group owning more than 5% of any class of voting securities, (ii) each director, (iii) our Chief Executive Officer and (iv) all executive officers and directors as a group as of the date hereof. Amount and Nature of Beneficial Ownership Title of Class Name and Address of Beneficial Owner Amount and Nature of Beneficial Percentage of Common Stock Directors and Executive Officers Common Stock Zhenyong Liu, CEO and Director 536,484 5.3 % Common Stock Jing Hao, CFO 1,000 * Common Stock Dahong Zhou, Secretary 0 0 Common Stock Marco Ku Hon Wai, Director 750 * Common Stock Fuzeng Liu, Director 500 * Common Stock Wenbing Christopher Wang, Director 2,982 * Common Stock Lusha Niu, Director 0 0 All Directors and Executive Officers as a Group (7 persons) 541,716 5.3 % * Less than 1% of the Company’s issued and outstanding common shares. 4 PROPOSAL 1: ELECTION OF DIRECTORS Nominees for Director At the Annual Meeting, three directors in Class II , Zhenyong Liu, Fuzeng Liu and Lusha Niu are up for re-election, with such Class II directors to serve until the 2026 Annual Meeting of Stockholders and until their respective successors have been elected and has qualified, or until their earlier resignation, removal or death. If for some unforeseen reason one or more of the nominees is not available as a candidate for director, the proxies may be voted for such other candidate or candidates as may be nominated by the Board. The following table sets forth the positions and offices presently held with the Company by each nominee, their age as of the Record Date, and the year in which he became a director. Proxies not marked to the contrary will be voted in favor of each such nominee’s election. Name Age Po

View Full Filing

View this DEF 14A filing on SEC EDGAR