Jerash Holdings Files Definitive Proxy Statement
Ticker: JRSH · Form: DEF 14A · Filed: Jul 25, 2024 · CIK: 1696558
Sentiment: neutral
Topics: proxy-statement, sec-filing, governance
TL;DR
Jerash Holdings filed its proxy statement, shareholders vote soon.
AI Summary
Jerash Holdings (US), Inc. filed a definitive proxy statement (DEF 14A) on July 25, 2024, for its fiscal year ending March 31, 2024. The filing is related to the Securities Exchange Act of 1934 and concerns the company's annual meeting and shareholder matters. The company is incorporated in Delaware and its principal business address is in Rochester, NY.
Why It Matters
This filing provides shareholders with essential information regarding upcoming meetings, voting procedures, and company governance, allowing them to make informed decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing for a public company and does not contain new financial or operational information that would immediately impact stock price.
Key Players & Entities
- Jerash Holdings (US), Inc. (company) — Registrant
- 0001013762-24-001128 (dollar_amount) — Accession Number
- 20240725 (dollar_amount) — Filing Date
- 20240912 (dollar_amount) — Period of Report
- 0331 (dollar_amount) — Fiscal Year End
- 260 EAST MAIN STREET SUITE 2706 ROCHESTER NY 14604 (dollar_amount) — Business Address
FAQ
What type of filing is this?
This is a Definitive Proxy Statement (DEF 14A) filed by Jerash Holdings (US), Inc.
When was this filing made?
The filing was made on July 25, 2024.
What is the reporting period for this filing?
The Conformed Period of Report is September 12, 2024.
Where is Jerash Holdings (US), Inc. incorporated?
Jerash Holdings (US), Inc. is incorporated in Delaware (DE).
What is the company's fiscal year end?
The company's fiscal year ends on March 31 (0331).
Filing Stats: 4,135 words · 17 min read · ~14 pages · Grade level 13.3 · Accepted 2024-07-25 16:05:21
Key Financial Figures
- $117 — cluded the year with an annual sales of $117 million, marking a 15% decrease
- $0.05 — regular quarterly dividend payments of $0.05 per share, as we still generated suffic
- $117.2 — 0a0;    revenue of $117.2 million for fiscal 2024, compare
- $138.1 — a0;million for fiscal 2024, compared to $138.1 million for fiscal 2023, represe
- $20.9 — fiscal 2023, representing a decrease of $20.9 million, or 15%, which was prima
- $16.9 — #x00a0;   gross profit of $16.9 million, a decrease of 22%, prim
- $2.0 — ;    a net loss of $2.0 million in fiscal 2024, or $0.16
- $0.16 — $2.0 million in fiscal 2024, or $0.16 per share, compared to net profit of ap
- $2.4 — compared to net profit of approximately $2.4 million, or $0.19 per share, for
- $0.19 — f approximately $2.4 million, or $0.19 per share, for fiscal 2023; • &
- $2.2 — as compared to comprehensive income of $2.2 million last year; and •
- $12.4 — #x00a0;    cash of $12.4 million and net working capital
- $36.1 — 00a0;million and net working capital of $36.1 million at the end of fiscal 202
Filing Documents
- ea0209755-01.htm (DEF 14A) — 884KB
- tjera_logo01.jpg (GRAPHIC) — 282KB
- tjera_logo02.jpg (GRAPHIC) — 87KB
- tproxy_001.jpg (GRAPHIC) — 967KB
- tproxy_002.jpg (GRAPHIC) — 824KB
- 0001013762-24-001128.txt ( ) — 3861KB
Executive Compensation
Executive Compensation   14
Executive Compensation Tables
Executive Compensation Tables   14 Agreements with Named Executive Officers   14 Equity Awards to Named Executive Officers   15 Equity Compensation Plan Information   16
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management   17 Section 16(a) Compliance   18 Matters Relating to the Independent Registered Public Accounting Firm   18 Pre-Approval Policy   18 Fees   18 Audit Committee Report   18 Other Important Information   20 Stockholder Proposals for the 2025 Annual Meeting   20 Notice Regarding Delivery of Stockholder Documents   20 Additional Information   20 iv Table of Contents General Information About the Meeting and Voting The Board of Directors of Jerash Holdings (US), Inc. (the “Board”) is using this Proxy Statement to solicit proxies from the holders of its common stock for use at the Jerash Holdings (US), Inc. 2024 annual meeting of stockholders and any adjournment or postponement thereof (the “Annual Meeting” or the “meeting”). The notice of meeting, this Proxy Statement, and the enclosed form of proxy card are first being mailed to our stockholders on or about July 25, 2024. In this Proxy Statement, we may also refer to Jerash Holdings (US), Inc. and its subsidiaries as “Jerash,” the “Company,” “we,” “our,” or “us.” Meeting Time and Applicable Dates   This Proxy Statement is furnished in connection with the solicitation by the Board of Jerash Holdings (US), Inc., a Delaware corporation, of the accompanying proxy to be voted at the Annual Meeting to be held on Thursday, September 12, 2024, at 9:00 P.M. ET , and at any adjournment or postponement thereof. The close of business on Tuesday, July 16, 2024 has been fixed as the record date for the determination of the stockholders entitled to notice of and to vote at the meeting. Attending the Annual Meeting   Jerash will host the Annual Meeting at Unit A, 19/F Ford G