The St. Joe Company Announces 2024 Annual Meeting of Shareholders
Ticker: JOE · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 745308
| Field | Detail |
|---|---|
| Company | St Joe Co (JOE) |
| Form Type | DEF 14A |
| Filed Date | Apr 4, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $58,132, $5.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Director Election, Executive Compensation
TL;DR
<b>The St. Joe Company is holding its 2024 Annual Meeting of Shareholders on May 14, 2024, to elect directors, ratify auditors, and approve executive compensation.</b>
AI Summary
ST JOE Co (JOE) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. The St. Joe Company will hold its 2024 Annual Meeting of Shareholders on May 14, 2024, at 9:00 am CDT. The meeting will take place at the Camp Creek Inn, 684 Fazio Dr., Inlet Beach, FL 32461. Shareholders will vote on electing five directors, ratifying Grant Thornton LLP as independent auditors, and approving executive compensation. Shareholders of record as of March 20, 2024, are eligible to vote. The company encourages shareholders to vote via Internet, telephone, or mail.
Why It Matters
For investors and stakeholders tracking ST JOE Co, this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A) detailing the agenda and voting procedures for the upcoming annual shareholder meeting. The meeting agenda includes key corporate governance matters such as director elections and executive compensation approval, which directly impact shareholder value and company direction.
Risk Assessment
Risk Level: low — ST JOE Co shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic shifts, indicating low immediate risk.
Analyst Insight
Shareholders should review the proxy materials to make informed voting decisions on director nominees, auditor ratification, and executive compensation.
Key Numbers
- 5 — Directors to be elected (for a one-year term)
- 2024 — Fiscal year for auditor ratification (Grant Thornton LLP)
- 2025 — Director term expiration (at the 2025 annual meeting)
Key Players & Entities
- ST JOE Co (company) — Registrant
- Grant Thornton LLP (company) — independent registered public accounting firm
- May 14, 2024 (date) — Annual Meeting date
- March 20, 2024 (date) — Record date for voting eligibility
- Camp Creek Inn (company) — Meeting location
FAQ
When did ST JOE Co file this DEF 14A?
ST JOE Co filed this Proxy Statement (DEF 14A) with the SEC on April 4, 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 ST JOE Co (JOE).
Where can I read the original DEF 14A filing from ST JOE Co?
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 ST JOE Co.
What are the key takeaways from ST JOE Co's DEF 14A?
ST JOE Co filed this DEF 14A on April 4, 2024. Key takeaways: The St. Joe Company will hold its 2024 Annual Meeting of Shareholders on May 14, 2024, at 9:00 am CDT.. The meeting will take place at the Camp Creek Inn, 684 Fazio Dr., Inlet Beach, FL 32461.. Shareholders will vote on electing five directors, ratifying Grant Thornton LLP as independent auditors, and approving executive compensation..
Is ST JOE Co a risky investment based on this filing?
Based on this DEF 14A, ST JOE Co presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic shifts, indicating low immediate risk.
What should investors do after reading ST JOE Co's DEF 14A?
Shareholders should review the proxy materials to make informed voting decisions on director nominees, auditor ratification, and executive compensation. The overall sentiment from this filing is neutral.
How does ST JOE Co compare to its industry peers?
The St. Joe Company operates in the real estate and construction sector, focusing on land subdivision and development.
Are there regulatory concerns for ST JOE Co?
This filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the information required in proxy statements.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
- Shareholder Participation [low — operational]: Ensuring sufficient shareholder participation and voting is crucial for the validity of corporate actions.
Industry Context
The St. Joe Company operates in the real estate and construction sector, focusing on land subdivision and development.
Regulatory Implications
This filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the information required in proxy statements.
What Investors Should Do
- Review the list of director nominees and their qualifications.
- Evaluate the ratification of Grant Thornton LLP as the independent auditor.
- Consider the advisory vote on the compensation of named executive officers.
Key Dates
- 2024-05-14: Annual Meeting of Shareholders — Shareholders will vote on key corporate matters.
- 2024-03-20: Record Date — Determines eligibility to vote at the Annual Meeting.
Year-Over-Year Comparison
This is a DEF 14A filing for the 2024 Annual Meeting, following the typical schedule for such corporate events.
Filing Stats: 4,790 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-04 06:30:45
Key Financial Figures
- $58,132 — Annual Meeting for an estimated cost of $58,132, plus expenses. All costs of the solici
- $5.0 billion — l contractors in Florida with more than $5.0 billion in active commercial and residential pr
Filing Documents
- ny20021127x1_def14a.htm (DEF 14A) — 768KB
- logo_stjoeheader.jpg (GRAPHIC) — 25KB
- ny20021127x1_pc01.jpg (GRAPHIC) — 569KB
- ny20021127x1_pc02.jpg (GRAPHIC) — 444KB
- ny20021127x1_pc03.jpg (GRAPHIC) — 418KB
- ny20021127x1_pvpchart01.jpg (GRAPHIC) — 157KB
- ny20021127x999_committee.jpg (GRAPHIC) — 5KB
- sig_brucerberkowitz.jpg (GRAPHIC) — 16KB
- ny20021127x1_pvpchart02x1.jpg (GRAPHIC) — 138KB
- ny20021127x1_pvpchart03x1.jpg (GRAPHIC) — 153KB
- ny20021127x1_pvpchart04x2.jpg (GRAPHIC) — 141KB
- 0001140361-24-017785.txt ( ) — 6842KB
- joe-20240514.xsd (EX-101.SCH) — 4KB
- joe-20240514_def.xml (EX-101.DEF) — 4KB
- joe-20240514_lab.xml (EX-101.LAB) — 6KB
- joe-20240514_pre.xml (EX-101.PRE) — 3KB
- ny20021127x1_def14a_htm.xml (XML) — 180KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 27 2023 Summary Compensation Table 27 Grants of Plan-Based Awards 28 Outstanding Equity Awards at December 31, 2023 29 Option Exercises and Stock Vested in 2023 Fiscal Year 29 Potential Payments Upon Termination or Change in Control 30 SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS 31 CEO PAY RATIO 32 PAY VERSUS PERFORMANCE 33 SECURITY OWNERSHP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND EXECUTIVE OFFICERS 37 Principal Holders of Stock 37 Common Stock Ownership by Directors and Executive Officers 38 OTHER MATTERS 39 Shareholder Proposals for 2025 Annual Meeting of Shareholders 39 List of Shareholders Entitled to Vote at the Annual Meeting 39 Communication with St. Joe's Board of Directors 39 Available Information 39 Electronic Delivery 40 Householding 40 The St. Joe Company | 2024 Proxy Statement ii TABLE OF CONTENTS PROXY STATEMENT Proxy Statement for Annual Meeting of Shareholders to be held on May 14, 2024 You are receiving this proxy statement because you own shares of common stock of The St. Joe Company ("St. Joe," "the Company," "we," "our" and "us") that entitle you to vote at the 2024 Annual Meeting of Shareholders (the "Annual Meeting"). Our Board of Directors (the "Board") is soliciting proxies from shareholders who wish to vote at the Annual Meeting. By use of a proxy, you can vote even if you do not attend the Annual Meeting. This proxy statement describes the matters on which you are being asked to vote and provides information on those matters so that you can make an informed decision. Date, Time and Location of the Annual Meeting of Shareholders We will hold the Annual Meeting on May 14, 2024, at 9:00 a.m., Central Daylight Time, at the Camp Creek Inn, 684 Fazio Dr., Inlet Beach, FL 32461. The St. Joe Company | 2024 Proxy Statement 1 TABLE OF CONTENTS QUESTIONS AND ANSWERS ABOUT VOTING AT THE ANNUAL MEETING AND RELATED MATTERS Q: Who may