Lifeloc Technologies, Inc. Announces Annual Meeting of Shareholders on June 19, 2024

TL;DR

<b>Lifeloc Technologies, Inc. will hold its Annual Meeting of Shareholders on June 19, 2024, to elect directors and ratify auditors.</b>

AI Summary

Lifeloc Technologies, Inc (LCTC) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. Lifeloc Technologies, Inc. will hold its Annual Meeting of Shareholders on June 19, 2024, at 9:00 A.M. Mountain Time. The meeting will take place at the Company's offices located at 12441 W 49th Ave., Suite 4, Wheat Ridge, CO 80033. Shareholders will vote on the election of five directors for a one-year term. The appointment of Green Growth CPAs as independent public accountants for the year ending December 31, 2024, will be ratified. Shareholders of record as of April 30, 2024, are entitled to notice and voting rights.

Why It Matters

For investors and stakeholders tracking Lifeloc Technologies, Inc, this filing contains several important signals. This filing is a Definitive Proxy Statement (DEF 14A), indicating it contains important information for shareholders regarding corporate governance and voting matters. The meeting date and agenda are crucial for shareholders to exercise their voting rights on director elections and auditor ratification, impacting the company's future direction and financial oversight.

Risk Assessment

Risk Level: low — Lifeloc Technologies, Inc shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk.

Analyst Insight

Shareholders should review the proxy materials to make informed decisions regarding director elections and auditor ratification at the upcoming annual meeting.

Key Numbers

• 5 — Directors to be elected (To serve for a term of one year)
• June 19, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• April 30, 2024 — Record Date (Shareholders of record on this date are entitled to vote)
• 2024 — Fiscal Year (For which Green Growth CPAs are appointed as independent accountants)

Key Players & Entities

• Lifeloc Technologies, Inc. (company) — Registrant and filer of the proxy statement
• Green Growth CPAs (company) — Proposed independent public accountants
• June 19, 2024 (date) — Date of the Annual Meeting of Shareholders
• April 30, 2024 (date) — Record date for shareholder eligibility to vote
• December 31, 2024 (date) — Fiscal year end for which auditors are being appointed
• 12441 W 49th Ave., Suite 4, Wheat Ridge, CO 80033 (location) — Address of the Company and location of the Annual Meeting

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC regulations regarding proxy solicitations and annual meetings, including timely filing and accurate disclosure.
• Shareholder Participation [low — operational]: Ensuring sufficient shareholder participation and voting is crucial for the validity of the meeting's decisions, including director elections.

Industry Context

Lifeloc Technologies, Inc. operates in the laboratory analytical instruments industry, specifically focusing on breath alcohol testing devices.

Regulatory Implications

The company is subject to SEC regulations governing proxy statements and annual shareholder meetings, requiring adherence to disclosure and procedural rules.

What Investors Should Do

1. Review the proxy statement for details on director nominees and auditor appointment.
2. Ensure you are a shareholder of record by April 30, 2024, to be eligible to vote.
3. Attend the Annual Meeting on June 19, 2024, or submit your proxy vote.

Key Dates

• 2024-06-19: Annual Meeting of Shareholders — Election of directors and ratification of auditors
• 2024-04-30: Record Date — Determines which shareholders are eligible to vote at the annual meeting

Year-Over-Year Comparison

This is a DEF 14A filing for the annual shareholder meeting, providing information on upcoming votes and corporate governance matters.

Filing Documents

• lclc_def14a.htm (DEF 14A) — 135KB
• 0001079973-24-000587.txt (&nbsp;) — 136KB

From the Filing

DEF 14A 1 lclc_def14a.htm DEFINITIVE 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to &sect;240.14a-12 LIFELOC TECHNOLOGIES, 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 the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: LIFELOC TECHNOLOGIES, INC. 12441 W 49th Ave., Suite 4 Wheat Ridge, CO 80033 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held June 19, 2024 To Our Shareholders: The Annual Meeting of Shareholders of Lifeloc Technologies, Inc., a Colorado corporation (the &quot;Company&quot;), will be held at 9:00 A.M. Mountain Time, on June 19, 2024, at the offices of the Company, 12441 W 49th Ave., Suite 4, Wheat Ridge, CO 80033 for the following purposes, all of which are more completely set forth in the accompanying Proxy Statement: 1. To elect five directors to serve for a term of one year and until their successors are elected and qualified; 2. To ratify the appointment of Green Growth CPAs as our independent public accountants for the year ending December 31, 2024; and 3. To transact such other business as may properly come before the meeting, or any adjournment thereof. All shareholders are cordially invited to attend the meeting, although only shareholders of record at the close of business on April 30, 2024, will be entitled to notice of, and to vote at, the meeting or any and all adjournments thereof. The date, time, or location of the Annual Meeting may be changed for reasons related to public health. If the Board determines it is in the interest of public health to do so, Lifeloc's annual meeting will be held telephonically at the call-in number (303) 407-9190; code 725#. BY ORDER OF THE BOARD OF DIRECTORS /s/ Vern D. Kornelsen Vern D. Kornelsen Chairman of the Board April 24, 2024 PLEASE COMPLETE, DATE, SIGN AND RETURN THE ENCLOSED PROXY CARD IN THE ENCLOSED POSTAGE PREPAID ENVELOPE, WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING. YOUR PROMPT RETURN OF THE PROXY CARD WILL HELP ASSURE A QUORUM AT THE MEETING AND AVOID ADDITIONAL COMPANY EXPENSE FOR FURTHER SOLICITATION. YOU MAY REVOKE YOUR PROXY AT ANY TIME BEFORE IT IS VOTED. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on June 19, 2024: This Proxy Statement and the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are available at www.lifeloc.com. LIFELOC TECHNOLOGIES, INC. 12441 W 49th Ave., Suite 4 Wheat Ridge, CO 80033 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS To Be Held June 19, 2024 SOLICITATION OF PROXIES This Proxy Statement is furnished in connection with the solicitation of proxies by the board of directors of Lifeloc Technologies, Inc., a Colorado corporation (the &quot;Company&quot;), for use at our Annual Meeting of Shareholders to be held at 9:00 A.M. Mountain Time, on June 19, 2024, at the offices of the Company, 12441 W 49th Ave., Suite 4, Wheat Ridge, CO 80033 and at any and all adjournments of such meeting (the &ldquo;Annual Meeting&rdquo;). If the Board determines it is in the interest of public health to do so, Lifeloc's annual meeting will be held telephonically at the call-in number (303) 407-9190; code 725#. If the enclosed Proxy Card is properly executed and returned in time to be voted at the meeting, the shares of common stock represented will be voted in accordance with the instructions contained therein. Executed Proxy Cards that contain no instructions will be counted for purposes of calcul

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View this DEF 14A filing on SEC EDGAR