Loews Corp Files Definitive Proxy Statement for 2024 Annual Meeting
Ticker: L · Form: DEF 14A · Filed: Apr 3, 2024 · CIK: 60086
| Field | Detail |
|---|---|
| Company | Loews Corp (L) |
| Form Type | DEF 14A |
| Filed Date | Apr 3, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $120,000, $1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Executive Compensation, Director Election
TL;DR
<b>Loews Corp is holding its 2024 Annual Shareholder Meeting on May 14th to elect directors, vote on executive compensation, and ratify auditors.</b>
AI Summary
LOEWS CORP (L) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Loews Corp will hold its 2024 Annual Meeting of Shareholders on May 14, 2024, at 10:00 a.m. Central Time in Arlington, Texas. Shareholders of record as of March 19, 2024, are eligible to vote. The agenda includes the election of eleven directors, advisory approval of executive compensation, and ratification of independent auditors. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 3, 2024. The company's principal business is Fire, Marine & Casualty Insurance.
Why It Matters
For investors and stakeholders tracking LOEWS CORP, this filing contains several important signals. This filing provides shareholders with crucial information regarding the proposals to be voted on at the annual meeting, including director nominees and executive compensation, enabling informed voting decisions. The DEF 14A filing outlines the company's governance practices and the details of the upcoming shareholder vote, which can impact corporate strategy and shareholder value.
Risk Assessment
Risk Level: low — LOEWS CORP shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts that would indicate high risk.
Analyst Insight
Shareholders should review the director nominees and executive compensation proposals to make informed voting decisions at the upcoming annual meeting.
Key Numbers
- May 14, 2024 — Annual Meeting Date (2024 Annual Meeting of Shareholders)
- 10:00 a.m. Central Time — Annual Meeting Time (2024 Annual Meeting of Shareholders)
- March 19, 2024 — Record Date (Shareholders of record at the close of business on March 19, 2024)
- 11 — Directors to be Elected (To elect the eleven directors)
Key Players & Entities
- LOEWS CORP (company) — Registrant
- Marc A. Alpert (person) — Senior Vice President, General Counsel and Secretary
- 9 WEST 57TH STREET (company) — Business Address
- NEW YORK (company) — Business Address City
- 10019-2714 (company) — Business Address Zip
- 212-521-2000 (company) — Business Phone
- Arlington, Texas (company) — Meeting Location
- FIRE, MARINE & CASUALTY INSURANCE (company) — Standard Industrial Classification
FAQ
When did LOEWS CORP file this DEF 14A?
LOEWS CORP filed this Proxy Statement (DEF 14A) with the SEC on April 3, 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 LOEWS CORP (L).
Where can I read the original DEF 14A filing from LOEWS CORP?
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 LOEWS CORP.
What are the key takeaways from LOEWS CORP's DEF 14A?
LOEWS CORP filed this DEF 14A on April 3, 2024. Key takeaways: Loews Corp will hold its 2024 Annual Meeting of Shareholders on May 14, 2024, at 10:00 a.m. Central Time in Arlington, Texas.. Shareholders of record as of March 19, 2024, are eligible to vote.. The agenda includes the election of eleven directors, advisory approval of executive compensation, and ratification of independent auditors..
Is LOEWS CORP a risky investment based on this filing?
Based on this DEF 14A, LOEWS CORP presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts that would indicate high risk.
What should investors do after reading LOEWS CORP's DEF 14A?
Shareholders should review the director nominees and executive compensation proposals to make informed voting decisions at the upcoming annual meeting. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Compliance [medium — regulatory]: The company must comply with various securities laws and regulations, including those governing proxy solicitations and annual meetings.
- Market Conditions [medium — market]: The company's performance is subject to general economic conditions and specific market dynamics within its operating segments.
- Operational Risks [medium — operational]: Risks related to the company's insurance and other businesses, such as underwriting losses or investment performance, can impact financial results.
Key Dates
- 2024-05-14: 2024 Annual Meeting of Shareholders — Shareholders will vote on director elections, executive compensation, and auditor ratification.
- 2024-03-19: Record Date — Shareholders of record on this date are entitled to vote at the annual meeting.
- 2024-04-03: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Filing Stats: 4,485 words · 18 min read · ~15 pages · Grade level 13.1 · Accepted 2024-04-03 08:43:44
Key Financial Figures
- $120,000 — within the past three years, more than $120,000 in direct compensation from Loews, excl
- $1 million — st three years, exceeded the greater of $1 million or 2% of the other company's consolidat
Filing Documents
- ny20018674x1_def14a.htm (DEF 14A) — 1199KB
- ny20018674x1_courtesy.pdf (DEF 14A) — 300KB
- loews_arrowx1.jpg (GRAPHIC) — 7KB
- loews_bluearrows.jpg (GRAPHIC) — 9KB
- logo_loewsblue.jpg (GRAPHIC) — 30KB
- ny20018674x1_barchart01.jpg (GRAPHIC) — 45KB
- ny20018674x1_barchart02.jpg (GRAPHIC) — 178KB
- ny20018674x1_barchart03.jpg (GRAPHIC) — 148KB
- ny20018674x1_barchart04.jpg (GRAPHIC) — 161KB
- ny20018674x1_logo1.jpg (GRAPHIC) — 15KB
- ny20018674x1_logo2.jpg (GRAPHIC) — 28KB
- ny20018674x1_logo3.jpg (GRAPHIC) — 16KB
- ny20018674x1_logo4.jpg (GRAPHIC) — 19KB
- sig_malpert.jpg (GRAPHIC) — 20KB
- ny20018674x1_pc01.jpg (GRAPHIC) — 525KB
- ny20018674x1_pc02.jpg (GRAPHIC) — 504KB
- 0001140361-24-017458.txt ( ) — 6810KB
- l-20240514.xsd (EX-101.SCH) — 5KB
- l-20240514_def.xml (EX-101.DEF) — 6KB
- l-20240514_lab.xml (EX-101.LAB) — 11KB
- l-20240514_pre.xml (EX-101.PRE) — 5KB
- ny20018674x1_def14a_htm.xml (XML) — 256KB
Executive Compensation
Executive Compensation 22 Compensation Discussion and Analysis 22 Executive Summary 22 Compensation Governance 25 Compensation Program Structure and Process 25 2023 Compensation to Our Named Executive Officers 32 Other Considerations 35 Compensation Committee Report on Executive Compensation 36 Compensation Committee Interlocks and Insider Participation 36 2023 Executive Compensation Tables 37 2023 Summary Compensation Table 37 Compensation Plans 39 Pension Plans 42 Nonqualified Deferred Compensation 43 Pay Versus Performance 44 CEO Pay Ratio 46 Proposal No. 3: Ratification of the Appointment of Our Independent Auditors 47 Audit Fees and Services 47 Auditor Engagement Pre-Approval Policy 48 Audit Committee Report 49 Additional Information 50 Voting 50 Other Matters 52 Submissions of Nominations or Other Proposals for Our 2025 Annual Meeting 52 Communicating with Our Board 53 We are providing this Proxy Statement in connection with the solicitation by our Board of Directors (our "Board") of proxies to be voted at our 2024 Annual Meeting of Shareholders (our "Annual Meeting"), which will be held at the Loews Arlington Hotel, 888 Nolan Ryan Expressway, Arlington, Texas 76011, on Tuesday, May 14, 2024, at 10:00 a.m. Central Time. Our mailing address is 9 West 57th Street, New York, New York 10019. Please note that throughout this Proxy Statement we refer to Loews Corporation as "we," "us," "our," "Loews" or the "company." Information and reports on websites that we refer to in this Proxy Statement will not be deemed a part of, or otherwise incorporated by reference in, this Proxy Statement. 2 Loews Corporation 2024 Proxy Statement TABLE OF CONTENTS Proxy Statement Summary Proxy Statement Summary Important Notice Regarding the Availability of Proxy Materials for our Annual Meeting. This Proxy Statement, our 2023 Annual Report, including our Annual Report on Form 10-K filed with th