Kratos Defense & Security Solutions Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Kratos Defense & Security Solutions will hold its 2024 Annual Meeting virtually on May 21, 2024, with key votes on director elections, auditor ratification, and executive compensation.</b>

AI Summary

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Kratos Defense & Security Solutions, Inc. will hold its 2024 Annual Meeting virtually on May 21, 2024, at 9:00 a.m. PDT. Stockholders will vote on electing nine directors to the Board of Directors. The meeting agenda includes ratifying Deloitte & Touche LLP as the independent registered public accounting firm. An advisory vote to approve the compensation of named executive officers is also on the agenda. Most stockholders will receive a Notice of Internet Availability of Proxy Materials instead of paper copies.

Why It Matters

For investors and stakeholders tracking KRATOS DEFENSE & SECURITY SOLUTIONS, INC., this filing contains several important signals. The virtual format allows for broader participation and cost savings by distributing proxy materials online. Key votes on director nominations and executive compensation directly impact corporate governance and shareholder alignment.

Risk Assessment

Risk Level: — KRATOS DEFENSE & SECURITY SOLUTIONS, INC. shows moderate risk based on this filing. This filing is a routine proxy statement for an annual meeting and does not contain new financial or operational disclosures that would significantly alter the company's risk profile.

Analyst Insight

Review the nominated directors and executive compensation proposals to understand potential shifts in corporate strategy and governance.

Key Numbers

• 9 — Directors (Number of directors to be elected at the annual meeting.)
• 2024 — Annual Meeting Year (The year of the annual meeting.)

Key Players & Entities

• KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (company) — Registrant
• Kratos (company) — Abbreviation for Kratos Defense & Security Solutions, Inc.
• Deloitte & Touche LLP (company) — Independent registered public accounting firm
• May 21, 2024 (date) — Date of the 2024 Annual Meeting
• 9:00 a.m. PDT (time) — Time of the 2024 Annual Meeting

FAQ

Industry Context

Kratos Defense & Security Solutions operates in the defense and security sector, providing products and services to government and commercial customers.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the list of nominated directors and their qualifications.
2. Examine the details of the advisory vote on executive compensation.
3. Understand the process for accessing proxy materials and voting instructions.

Key Dates

• 2024-05-21: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and company updates.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a proxy statement for an annual meeting, and does not represent a change from previous filings of this type.

Filing Documents

• kratosdef14a041124.htm (DEF 14A) — 886KB
• chart-08465b7d240342458a6a.jpg (GRAPHIC) — 125KB
• chart-564df15333b7434295ca.jpg (GRAPHIC) — 68KB
• chart-a861d67973c84eab90da.jpg (GRAPHIC) — 66KB
• chart-da887a35dfbf41ce97fa.jpg (GRAPHIC) — 116KB
• chart-e3d40da5498144df895a.jpg (GRAPHIC) — 108KB
• imagea.jpg (GRAPHIC) — 5KB
• kratosdefensesecsolutionsib.jpg (GRAPHIC) — 450KB
• kratosdefensesecsolutionsic.jpg (GRAPHIC) — 266KB
• kratossignaturea02.jpg (GRAPHIC) — 3KB
• 0001069258-24-000026.txt (&nbsp;) — 2549KB

From the Filing

DEF 14A 1 kratosdef14a041124.htm DEF 14A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of The Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant o Check the appropriate box o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement o Definitive Additional Materials o Soliciting Material under 240.14a-12 Kratos Defense Security Solutions, Inc. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply) No fee required. o Fee paid previously with preliminary materials. o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 11, 2024 Dear Stockholder You are cordially invited to attend the 2024 Annual Meeting of Kratos Defense Security Solutions, Inc. ("Kratos"), which will be held virtually at www.virtualshareholdermeeting.comKTOS2024 , on Tuesday, May 21, 2024, at 900 a.m. PDT. We hope you will be able to attend the virtual annual meeting. At our annual meeting, our stockholders will be asked to elect the nine directors named herein to our Board of Directors to ratify the Board of Directors' selection of Deloitte Touche LLP as our independent registered public accounting firm to cast an advisory vote to approve the compensation of our named executive officers and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Following the formal annual meeting, we will also present a report on our operations and activities, and management will be pleased to answer your questions about us and our business. Whether or not you plan to attend the virtual annual meeting, and regardless of the number of shares of Kratos common stock you own, it is important that your shares be represented at the annual meeting. This year, we are pleased to take advantage of rules enacted by the Securities and Exchange Commission that allow companies to furnish their proxy materials over the Internet. As a result, we are mailing to most of our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") instead of a paper copy of our proxy materials, which include the Notice of Annual Meeting of Stockholders, our proxy statement, our 2023 Annual Report and a proxy card or voting instruction form. The Notice contains instructions on how to access those documents on the Internet and how to cast your vote via the Internet or by telephone. The Notice also contains instructions on how to request a paper copy of our proxy materials. All stockholders who do not receive the Notice will receive a paper copy of the proxy materials by mail. If you have received a paper copy of our proxy materials, you can cast your vote by completing the enclosed proxy card and returning it in the postage-prepaid envelope provided or by utilizing the telephone or Internet voting systems. Sincerely, Eric DeMarco President and Chief Executive Officer KRATOS DEFENSE SECURITY SOLUTIONS, INC. 10680 TREENA STREET, SUITE 600 SAN DIEGO, CA 92131 (858) 812-7300 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To be held on May 21, 2024 To the Stockholders of Kratos Defense Security Solutions, Inc. NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of Kratos Defense Security Solutions, Inc. (the "Company") will be held on Tuesday, May 21, 2024, at 900 a.m. PDT, virtually at www.virtualshareholdermeeting.comKTOS2024 , for the following purposes 1. To elect the following nine nominees as directors to serve until the next annual meeting, or until their successors are duly elected and qualified Scott Anderson, Bradley Boyd, Eric DeMarco, Bobbi Doorenbos, Daniel Hagen, William Hoglund, Scot Jarvis, Deanna Lund and Amy Zegart. 2. To ratify the selection of Deloitte Touche LLP as our independent registered public accounting firm for the fiscal year ending December 29, 2024. 3. An advisory (non-binding) vote to approve the compensation of the Company's named executive officers, as presented in the proxy statement accompanying this Notice. 4. To transact such other business as may properly come before the meeting or any adjournment or postponement thereof. Our Board of Directors unanimously recommends a vote " FOR " the election of all of the director nominees, and " FOR " each of proposals 2 and 3. The foregoing items of business are more fully described in the proxy statement accompanying this Notice. Our Board of Directors has fixed the close of business on March 25, 2024 as the record date for the determination of stockholders entitled to notice of and to vote at this annual meeting and at any adjournment or postponement thereof. All stockholders are invited to attend t

View Full Filing

View this DEF 14A filing on SEC EDGAR