NLIGHT, INC. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>NLIGHT, INC. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>

AI Summary

NLIGHT, INC. (LASR) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. NLIGHT, INC. filed a Definitive Proxy Statement (DEF 14A) on April 26, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 4637 NW 18th Avenue, Camas, WA 98607. NLIGHT, INC. was formerly known as NLIGHT PHOTONICS CORP, with a name change effective September 25, 2000. The filing includes data related to executive compensation, specifically stock and option awards for fiscal years 2020-2023.

Why It Matters

For investors and stakeholders tracking NLIGHT, INC., this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it details executive compensation, board nominations, and other corporate governance matters that will be voted on at the upcoming annual meeting. Understanding the executive compensation structure and the details of stock and option awards can provide insights into management's incentives and the company's financial health.

Risk Assessment

Risk Level: low — NLIGHT, INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant new developments.

Analyst Insight

Shareholders should review the executive compensation details and any proposals to vote on at the annual meeting.

Key Numbers

• 2024-04-26 — Filing Date (Date the DEF 14A was filed)
• 2023-12-31 — Fiscal Year End (Period covered by the filing)
• 2024-06-06 — Period of Report (Reporting period for the DEF 14A)
• 2000-09-25 — Date of Name Change (Effective date of name change from NLIGHT PHOTONICS CORP)

Key Players & Entities

• NLIGHT, INC. (company) — Filer of the DEF 14A
• NLIGHT PHOTONICS CORP (company) — Former name of NLIGHT, INC.
• 4637 NW 18th Avenue, Camas, WA 98607 (location) — Business and mailing address

FAQ

Industry Context

NLIGHT, INC. operates in the semiconductors and related devices industry.

Regulatory Implications

As a publicly traded company, NLIGHT, INC. is subject to SEC regulations and filing requirements, including the DEF 14A.

What Investors Should Do

1. Review the detailed executive compensation packages and stock award information.
2. Examine any proposals presented for shareholder vote, such as director elections or advisory resolutions.
3. Note the company's principal business address and contact information provided in the filing.

Key Dates

• 2024-04-26: Filing of DEF 14A — Indicates the company is providing proxy materials to shareholders.
• 2024-06-06: Period of Report — The period for which the proxy statement is relevant, likely including the annual meeting date.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard proxy statement. Specific comparative data from a previous filing is not detailed within this extract.

Filing Documents

• lasr-20240426.htm (DEF 14A) — 886KB
• lasr-20240426_g1.jpg (GRAPHIC) — 18KB
• lasr-20240426_g2.jpg (GRAPHIC) — 26KB
• lasr-20240426_g3.jpg (GRAPHIC) — 48KB
• lasr-20240426_g4.jpg (GRAPHIC) — 87KB
• lasr-20240426_g5.jpg (GRAPHIC) — 80KB
• lasr-20240426_g6.jpg (GRAPHIC) — 81KB
• lasr-20240426_g7.jpg (GRAPHIC) — 98KB
• lasr-20240426_g8.jpg (GRAPHIC) — 91KB
• 0001124796-24-000047.txt (&nbsp;) — 2864KB
• lasr-20240426.xsd (EX-101.SCH) — 5KB
• lasr-20240426_def.xml (EX-101.DEF) — 6KB
• lasr-20240426_lab.xml (EX-101.LAB) — 10KB
• lasr-20240426_pre.xml (EX-101.PRE) — 6KB
• lasr-20240426_htm.xml (XML) — 150KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 29 Compensation Discussion and Analysis 29 Corporate Governance Practices 31 Compensation-Setting Process 32 i Elements of Executive Compensation 33 Change of Control and Severance Benefits 39 Other Benefits and Perquisites 40 Consideration of Stockholder Advisory Vote on Executive Compensation 40 Equity Ownership Guidelines 40 Compensation Reco very Policy 40 Equity Award Grant Policies 41 Hedging and Pledging Prohibitions 41 Deductibility of Executive Compensation 41 Taxation of Parachute Payments and Deferred Compensation 41 Accounting for Stock-Based Compensation 41 Compensation Committee Report 42 Summary Compensation Table 42 Grants of Plan-Based Awards in Fiscal Year 2023 43 CEO Pay Ratio Disclosure 44 Pay Versus Performance 45 Outstanding Equity Awards at December 31, 2023 50 Option Exercises and Stock Vested for Fiscal Year Ended December 31, 2023 51 Employment Arrangements 51 Potential Payments upon Termination or Change-In-Control 53 Securities Authorized for Issuance Under Equity Compensation Plans 53 BENEFICIAL OWNERSHIP OF SHARES OF COMMON STOCK 54 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 56 Policies and Procedures for Transactions with Related Persons 56 Transactions 57 Limitations on Director and Officer Liability and Indemnification 57 DELINQUENT SECTION 16(a) REPORTS 57 OTHER MATTERS 57 Fiscal Year 2023 Annual Report and SEC Filings 57 APPENDIX A 59 PROXY CARD 60 ii Table of Contents nLIGHT, INC. PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held at 9:00 a.m. Pacific Time on Thursday, June 6, 2024 We are furnishing this proxy statement and the enclosed form of proxy in connection with a solicitation of proxies by our board of directors for use at the 2024 annual meeting of stockholders of nLIGHT, Inc., a Delaware corporation (the "Company"), and any postponements, adjournments or con

View Full Filing

View this DEF 14A filing on SEC EDGAR