Leslie's, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: LESL · Form: DEF 14A · Filed: Jan 24, 2024 · CIK: 1821806

Leslie'S, INC. DEF 14A Filing Summary
FieldDetail
CompanyLeslie'S, INC. (LESL)
Form TypeDEF 14A
Filed DateJan 24, 2024
Risk Level
Pages15
Reading Time17 min
Key Dollar Amounts$15 billion, $1.5 million
Sentimentneutral

Complexity: moderate

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Stock Awards, Leslie's Inc.

TL;DR

<b>Leslie's, Inc. filed its DEF 14A proxy statement on January 24, 2024, detailing executive compensation and stock awards for fiscal years 2021-2023.</b>

AI Summary

Leslie's, Inc. (LESL) filed a Proxy Statement (DEF 14A) with the SEC on January 24, 2024. Leslie's, Inc. filed a Definitive Proxy Statement (DEF 14A) on January 24, 2024. The filing covers the period ending March 15, 2024. Key executive compensation data for fiscal years 2021, 2022, and 2023 is detailed. Information regarding stock and option awards granted to executives is provided. The filing includes details on the fair value of awards granted and unvested.

Why It Matters

For investors and stakeholders tracking Leslie's, Inc., this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, allowing them to make informed voting decisions on related proposals. The detailed breakdown of stock and option awards, including their fair values and vesting schedules, offers transparency into how executive performance is incentivized.

Risk Assessment

Risk Level: — Leslie's, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.

Analyst Insight

Review the executive compensation details and voting recommendations to inform shareholder decisions.

Key Numbers

Key Players & Entities

FAQ

When did Leslie's, Inc. file this DEF 14A?

Leslie's, Inc. filed this Proxy Statement (DEF 14A) with the SEC on January 24, 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 Leslie's, Inc. (LESL).

Where can I read the original DEF 14A filing from Leslie's, Inc.?

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 Leslie's, Inc..

What are the key takeaways from Leslie's, Inc.'s DEF 14A?

Leslie's, Inc. filed this DEF 14A on January 24, 2024. Key takeaways: Leslie's, Inc. filed a Definitive Proxy Statement (DEF 14A) on January 24, 2024.. The filing covers the period ending March 15, 2024.. Key executive compensation data for fiscal years 2021, 2022, and 2023 is detailed..

Is Leslie's, Inc. a risky investment based on this filing?

Based on this DEF 14A, Leslie's, Inc. presents a moderate-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.

What should investors do after reading Leslie's, Inc.'s DEF 14A?

Review the executive compensation details and voting recommendations to inform shareholder decisions. The overall sentiment from this filing is neutral.

How does Leslie's, Inc. compare to its industry peers?

Leslie's, Inc. operates in the retail sector, specifically focusing on pool and backyard supplies.

Are there regulatory concerns for Leslie's, Inc.?

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

Industry Context

Leslie's, Inc. operates in the retail sector, specifically focusing on pool and backyard supplies.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

  1. Review the compensation committee report for details on executive pay decisions.
  2. Analyze the proposals being presented to shareholders for voting.
  3. Examine the stock performance and award valuations for executive incentives.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies and does not represent a change from previous filing types.

Filing Stats: 4,354 words · 17 min read · ~15 pages · Grade level 15.9 · Accepted 2024-01-24 16:16:20

Key Financial Figures

Filing Documents

Executive Compensation Philosophy

Executive Compensation Philosophy 28 Process for Setting Executive Compensation 29 Peer Group 29 Elements of Compensation 30 Other Matters 32 Compensation Committee Report 34 Summary Compensation Table 35 Grants of Plan-Based Awards in Fiscal Year 2023 36 Employment Agreements 37 Outstanding Equity Awards at 2023 Fiscal Year-End 37 Stock Vested in Fiscal Year 2023 38 Potential Payments Upon Termination or Change in Control 39 NEO Terminations Following the end of the Fiscal Year 41 CEO Pay Ratio 41 Pay Versus Performance 42 Proxy Statement and Annual Meeting Report 2024 i Table of Contents TABLE OF CONTENTS PROPOSAL 4: APPROVAL OF THE LESLIE'S, INC. AMENDED AND RESTATED 2020 OMNIBUS INCENTIVE PLAN 46 Executive Summary 46 Reasons for the Proposal 47 Key Data 47 Promotion of Good Corporate Governance Practices 48 Plan Summary 48 U.S. Federal Income Tax Consequences 53 Plan Benefits; Market Value of Securities 54 Registration with the SEC 55 Required Vote 55 Recommendation of the Board 55 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 56 Policies and Procedures for the Company's Related Person Transactions 56 Related Party Transactions 56 Certain Relationships and Related Party Transactions 56 BENEFICIAL OWNERSHIP OF SECURITIES 57 QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING 59 OTHER MATTERS 63 APPENDIX 1 A-1 Leslie's, Inc. Amended & Restated 2020 Omnibus Incentive Plan A-1

FORWARD-LOOKING STATEMENTS AND WEBSITE REFERENCES

FORWARD-LOOKING STATEMENTS AND WEBSITE REFERENCES This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current facts, including statements regarding our environmental and other sustainability plans and goals, made in this document are forward-looking. We use words such as "may," "will," "likely," "anticipates," "believes," "expects," "estimates," "future," "intends," "continue," "maintain," "remain," "goal," "target," "recurring," and similar expressions to identify forward-looking statements. Forward-looking statements reflect management's current expectations and involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Risks and uncertainties that could cause our actual results to differ significantly from management's expectations are described in our fiscal year 2023 Annual Report on Form 10-K. Our forward-looking statements speak only as of the date of this document or as of the date they are made, and we undertake no obligation to update them, notwithstanding any historical practice of doing so. Forward-looking and other statements in this document may also address our corporate responsibility and sustainability progress, plans, and goals (including environmental and diversity & inclusion matters), and the inclusion of such statements is not an indication that these contents are necessarily material to investors or required to be disclosed in the Company's filings with the SEC. In addition, historical, current, and forward-looking environmental and social-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. We caution you that these statements are not guarantees of future performance, nor prom

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