Leslie's Inc. DEF 14A: Executive Pay & Annual Meeting Details

Ticker: LESL · Form: DEF 14A · Filed: Jan 23, 2025 · CIK: 1821806

Sentiment: neutral

Topics: DEF 14A, executive-compensation, annual-meeting

Related Tickers: LESL

TL;DR

Leslie's Inc. DEF 14A out: Executive compensation details for FY24, annual meeting info.

AI Summary

Leslie's, Inc. filed a DEF 14A on January 23, 2025, detailing executive compensation and annual meeting matters. The filing covers the fiscal year ending September 28, 2024, and includes information on stock and option awards granted to executives like Michael Egeck and Jason McDonell. The company's principal executive offices are located at 2005 E. Indian School Road, Phoenix, AZ.

Why It Matters

This filing provides crucial insights into how Leslie's Inc. compensates its top executives, which can influence investor decisions and company performance.

Risk Assessment

Risk Level: medium — DEF 14A filings often contain information about executive compensation, potential shareholder proposals, and board nominations, which can signal changes in company strategy or governance.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing for Leslie's, Inc.?

The primary purpose is to provide information to shareholders regarding the annual meeting of stockholders, including details on executive compensation, director nominations, and other corporate governance matters.

Who are some of the key executives mentioned in relation to stock and option awards?

Key executives mentioned in relation to stock and option awards include Michael Egeck, Jason McDonell, and John Strain.

What is the fiscal year end date covered by this filing?

The fiscal year end date covered by this filing is September 28, 2024.

Where are Leslie's, Inc.'s principal executive offices located?

Leslie's, Inc.'s principal executive offices are located at 2005 E. Indian School Road, Phoenix, AZ.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on January 23, 2025.

Filing Stats: 4,412 words · 18 min read · ~15 pages · Grade level 15.6 · Accepted 2025-01-23 16:22:11

Key Financial Figures

Filing Documents

Executive Compensation Philosophy

Executive Compensation Philosophy 35 Process for Setting Executive Compensation 36 Peer Group 36 Elements of Compensation 37 Other Matters 40 Compensation Committee Report 42 2024 Summary Compensation Table 43 Grants of Plan-Based Awards in Fiscal Year 2024 44 Outstanding Equity Awards at 2024 Fiscal Year-End 45 Stock Vested in Fiscal Year 2024 46 Potential Payments Upon Termination or Change in Control 46 NEO Termination During the Fiscal Year 49 CEO Pay Ratio 49 Pay Versus Performance 50 Proxy Statement and Annual Meeting Report 2025 i Table of Contents TABLE OF CONTENTS PROPOSAL 4: ADOPTION OF SEVENTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF LESLIE'S, INC. 54 Executive Summary 54 PROPOSAL 4(A) – ADOPTION OF THE REMOVAL AMENDMENT, PERMITTING THE REMOVAL OF DIRECTORS WITH OR WITHOUT CAUSE EFFECTIVE AS OF THE 2027 ANNUAL MEETING 55 PROPOSAL 4(B) – ADOPTION OF THE EXCULPATION AMENDMENT LIMITING THE LIABILITY OF CERTAIN COMPANY OFFICERS 56 TECHNICAL AND ADMINISTRATIVE AMENDMENTS 58 LEGAL EFFECTIVENESS OF THE PROPOSED RESTATED CERTIFICATE OF INCORPORATION 58 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 59 Policies and Procedures for the Company's Related Person Transactions 59 Related Party Transactions 59 BENEFICIAL OWNERSHIP OF SECURITIES 60 QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING 62 OTHER MATTERS 67 APPENDIX 1 A-1 Seventh Amended and Restated Certificate of Incorporation of Leslie's, Inc. A-2

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 2024 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 and 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 pr

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