Light & Wonder Announces 2024 Annual Stockholder Meeting Details

TL;DR

<b>Light & Wonder will hold its 2024 virtual annual meeting on June 5, 2024, for stockholders to elect directors, vote on executive compensation, and ratify auditor appointments.</b>

AI Summary

Light & Wonder, Inc. (LAWIL) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. The annual meeting of stockholders for Light & Wonder, Inc. will be held virtually on June 5, 2024, at 3:00 p.m. PDT. Stockholders will elect nine members to the Board of Directors. An advisory vote to approve the compensation of named executive officers will be conducted. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm will be ratified. Stockholders need a 16-digit control number from their proxy card to vote and submit questions during the webcast.

Why It Matters

For investors and stakeholders tracking Light & Wonder, Inc., this filing contains several important signals. The virtual format ensures stockholders have the same participation rights as an in-person meeting through online tools. Advance voting is encouraged for all stockholders, regardless of attendance, to ensure their proxy is submitted.

Risk Assessment

Risk Level: — Light & Wonder, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement detailing the agenda for the annual shareholder meeting, with no new financial or strategic information presented that would indicate a change in risk.

Analyst Insight

Stockholders should review the proxy materials to understand the proposals and exercise their voting rights on director elections, executive compensation, and auditor ratification.

Key Numbers

• 9 — Board of Directors members to be elected (At the annual meeting, nine members of the Board of Directors will be elected.)
• 2024-06-05 — Annual Meeting Date (The annual meeting of stockholders will be held on Wednesday, June 5, 2024.)
• 3:00 — Meeting Start Time (The annual meeting will begin at 3:00 p.m. PDT.)
• 2:45 — Access Start Time (Access to the virtual meeting will begin at 2:45 p.m. PDT.)

Key Players & Entities

• Light & Wonder, Inc. (company) — Registrant
• Deloitte & Touche LLP (company) — independent registered public accounting firm
• Matthew R. Wilson (person) — President and Chief Executive Officer

FAQ

Industry Context

Light & Wonder, Inc. operates in the gaming and lottery industry, providing products and services to casino operators and lottery organizations.

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 proxy statement for details on director nominees and their qualifications.
2. Vote on the advisory resolution to approve executive compensation.
3. Confirm the ratification of Deloitte & Touche LLP as the independent auditor.

Key Dates

• 2024-06-05: Annual Meeting of Stockholders — Key date for voting on board members, executive compensation, and auditor ratification.

Year-Over-Year Comparison

This filing is a Definitive Proxy Statement (DEF 14A) for the upcoming annual meeting, providing details on meeting logistics and voting matters.

Key Financial Figures

• $25 billion — ved as Chairman of REA Group Limited, a $25 billion global digital advertising company, sin

Filing Documents

• tm242834d2_def14a.htm (DEF 14A) — 1791KB
• lg_lighterwondertm-bwlr.jpg (GRAPHIC) — 6KB
• sg_matthewrwilson-bw.jpg (GRAPHIC) — 4KB
• sg_jamessottile-bw.jpg (GRAPHIC) — 4KB
• bc_ceopayvstsr-4c.jpg (GRAPHIC) — 63KB
• bc_ceopayvsnetincome-4c.jpg (GRAPHIC) — 62KB
• bc_ceopayvsaebitda-4c.jpg (GRAPHIC) — 65KB
• px_24lnwproxy01pg01-bwlr.jpg (GRAPHIC) — 226KB
• px_24lnwproxy01pg02-bwlr.jpg (GRAPHIC) — 179KB
• 0001104659-24-051245.txt (&nbsp;) — 4375KB
• lnw-20231231.xsd (EX-101.SCH) — 10KB
• lnw-20231231_def.xml (EX-101.DEF) — 8KB
• lnw-20231231_lab.xml (EX-101.LAB) — 36KB
• lnw-20231231_pre.xml (EX-101.PRE) — 12KB
• tm242834d2_def14a_htm.xml (XML) — 315KB

Security Ownership

Security Ownership 19

Executive Compensation

Executive Compensation 21 Compensation Discussion and Analysis 21 Compensation Committee Report 35 Summary Compensation Table 36 Grants of Plan-Based Awards for Fiscal Year 2023 38 Outstanding Equity Awards at Fiscal Year-End 40 Option Exercises and Stock Vested for Fiscal Year 2023 42 Potential Payments Upon Termination or Change in Control 43 Pay Ratio Disclosure 49 Pay versus Performance 50 Equity Compensation Plan Information 55 Certain Relationships and Related Person Transactions 56 Proposal 2: Approval, on an Advisory Basis, of the Compensation of the Company's Named Executive Officers 57 Report of the Audit Committee 59 Proposal 3: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm 60 Fees Paid to Our Independent Registered Public Accounting Firm 60 Other Matters 62 Stockholder Proposals for the Next Annual Meeting 63 Appendix A: Reconciliation of Non-GAAP Financial Measures A-1 i TABLE OF CONTENTS LIGHT & WONDER, INC. 6601 Bermuda Road Las Vegas, NV 89119 PROXY STATEMENT GENERAL INFORMATION This Proxy Statement is furnished in connection with the solicitation by the Board of Directors (the "Board") of Light & Wonder, Inc. ("Light & Wonder," "L&W," the "Company," "we" or "us") of proxies to be voted at the annual meeting of stockholders to be held at 3:00 p.m. PDT on Wednesday, June 5, 2024, solely online via the Internet via a live webcast, and any adjournment or postponement of the meeting, for the purposes set forth in the Notice of Annual Meeting of Stockholders. Access to Proxy Materials We expect our proxy materials, including this Proxy Statement and our 2023 Annual Report, to first be made available to stockholders on or about April 24, 2024 through the Investors link on our website at www.lnw.com/investors/ or through www.proxyvote.com . Stockholders Entitled to Vote All stockholders of

View Full Filing

View this DEF 14A filing on SEC EDGAR