Centrus Energy Corp. Announces 2024 Annual Stockholder Meeting
Ticker: LEU · Form: DEF 14A · Filed: Apr 26, 2024 · CIK: 1065059
| Field | Detail |
|---|---|
| Company | Centrus Energy CORP (LEU) |
| Form Type | DEF 14A |
| Filed Date | Apr 26, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Centrus Energy, Annual Meeting, Proxy Statement, Stockholder Vote, Virtual Meeting
TL;DR
<b>Centrus Energy Corp. invites stockholders to its virtual annual meeting on June 20, 2024, to vote on key proposals.</b>
AI Summary
CENTRUS ENERGY CORP (LEU) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. Centrus Energy Corp. will hold its annual meeting of stockholders on June 20, 2024, at 10:00 a.m. EDT. The meeting will be conducted entirely online via live webcast at www.virtualshareholdermeeting.com/LEU2024. Stockholders can participate, vote, and submit questions using a secure control number found on their proxy card. The company encourages stockholders to vote their shares prior to the meeting via telephone, internet, or mail. The proxy statement details three proposals to be voted on at the meeting.
Why It Matters
For investors and stakeholders tracking CENTRUS ENERGY CORP, this filing contains several important signals. The virtual format allows for broader participation and accessibility for stockholders regardless of location. The annual meeting is a crucial forum for shareholders to exercise their voting rights on corporate matters and governance.
Risk Assessment
Risk Level: low — CENTRUS ENERGY CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
Analyst Insight
Stockholders should review the proxy materials and vote on the three proposals presented at the annual meeting.
Key Numbers
- June 20, 2024 — Annual Meeting Date (Date of the annual meeting of stockholders.)
- 10:00 a.m. EDT — Annual Meeting Time (Time of the annual meeting of stockholders.)
- 3 — Proposals (Number of proposals to be voted on at the annual meeting.)
Key Players & Entities
- Centrus Energy Corp. (company) — Registrant and filer of the proxy statement.
- June 20, 2024 (date) — Date of the annual meeting of stockholders.
- Mikel H. Williams (person) — Chairman of the Board of Centrus Energy Corp.
- Amir V. Vexler (person) — President and Chief Executive Officer of Centrus Energy Corp.
- www.virtualshareholdermeeting.com/LEU2024 (url) — Web address for the virtual annual meeting.
FAQ
When did CENTRUS ENERGY CORP file this DEF 14A?
CENTRUS ENERGY CORP filed this Proxy Statement (DEF 14A) with the SEC on April 26, 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 CENTRUS ENERGY CORP (LEU).
Where can I read the original DEF 14A filing from CENTRUS ENERGY CORP?
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 CENTRUS ENERGY CORP.
What are the key takeaways from CENTRUS ENERGY CORP's DEF 14A?
CENTRUS ENERGY CORP filed this DEF 14A on April 26, 2024. Key takeaways: Centrus Energy Corp. will hold its annual meeting of stockholders on June 20, 2024, at 10:00 a.m. EDT.. The meeting will be conducted entirely online via live webcast at www.virtualshareholdermeeting.com/LEU2024.. Stockholders can participate, vote, and submit questions using a secure control number found on their proxy card..
Is CENTRUS ENERGY CORP a risky investment based on this filing?
Based on this DEF 14A, CENTRUS ENERGY CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
What should investors do after reading CENTRUS ENERGY CORP's DEF 14A?
Stockholders should review the proxy materials and vote on the three proposals presented at the annual meeting. The overall sentiment from this filing is neutral.
How does CENTRUS ENERGY CORP compare to its industry peers?
Centrus Energy Corp. operates in the nuclear fuel cycle industry, providing services related to uranium enrichment.
Are there regulatory concerns for CENTRUS ENERGY CORP?
The filing is a standard proxy statement under the Securities Exchange Act of 1934, requiring disclosure of information for stockholder voting.
Industry Context
Centrus Energy Corp. operates in the nuclear fuel cycle industry, providing services related to uranium enrichment.
Regulatory Implications
The filing is a standard proxy statement under the Securities Exchange Act of 1934, requiring disclosure of information for stockholder voting.
What Investors Should Do
- Review the proxy statement for details on the three proposals.
- Vote on the proposals before or during the virtual annual meeting.
- Ensure access to the virtual meeting platform using the control number.
Key Dates
- 2024-06-20: Annual Meeting of Stockholders — Key date for stockholders to vote on corporate matters.
Year-Over-Year Comparison
This is a Definitive Proxy Statement (DEF 14A) filing, which is a routine annual disclosure, not a change from a previous filing type.
Filing Stats: 4,680 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-26 15:53:02
Key Financial Figures
- $30,000 — Company has agreed to pay HKL a fee of $30,000, plus costs and expenses, for these ser
Filing Documents
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 22
Security Ownership of Directors, Director Nominees and Executive Officers
Security Ownership of Directors, Director Nominees and Executive Officers 22
Security Ownership of Certain Beneficial Owners
Security Ownership of Certain Beneficial Owners 23 COMPENSATION DISCUSSION & ANALYSIS 24 Executive Summary 24 Setting Executive Compensation 28 Elements of Executive Compensation 29 Indirect Compensation 34 Stock Ownership Policies 36 Tax and Accounting Treatments of Elements of Compensation 36 Recovery of Incentive Compensation 36 Hedging and Pledging Prohibitions 37 Risk Assessment of the Compensation Programs 37 i TABLE OF CONTENTS COMPENSATION, NOMINATING & GOVERNANCE COMMITTEE REPORT 38 Summary Compensation Table–Fiscal Years 2021–2023 39 CEO Employment Agreement 42 Outstanding Equity Awards at Fiscal Year End December 31, 2023 42 Potential Payments Upon Termination or Change in Control 45 Payments Made Upon Termination 45 Potential Payments Made Upon a Change in Control 46 Payments upon Termination 46 Equity Compensation Plan Information 48 PROPOSAL 2. ADVISORY VOTE TO APPROVE THE COMPANY'S EXECUTIVE COMPENSATION 52 PROPOSAL 3. RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS 53 Audit and Non-Audit Fees 54 OTHER MATTERS 55 Delinquent Section 16(a) Reports AUDIT AND FINANCE COMMITTEE REPORT 55 DATE FOR SUBMISSION OF STOCKHOLDER PROPOSALS AND OTHER INFORMATION 56 Date for Submission of Stockholder Proposals 56 Other Matters 56 ii TABLE OF CONTENTS PROXY STATEMENT We are providing these proxy materials in connection with the solicitation by the Board of Directors of Centrus Energy Corp. ("Centrus," the "Company," "we," "us," or "our") of proxies to be voted at the Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The meeting will be held online via live webcast at www.virtualshareholdermeeting.com/LEU2024 on June 20, 2024, beginning at 10:00 a.m., Eastern Daylight Time. The proxies also may be voted at any adjournments or postponements of the meeting. References in this Proxy Statement to "common stock" or "shares" r