Littelfuse Inc. Announces 2024 Annual Meeting of Stockholders on April 25

TL;DR

<b>Littelfuse, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on April 25, 2024, to vote on director elections, executive compensation, and auditor ratification.</b>

AI Summary

LITTELFUSE INC /DE (LFUS) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. The 2024 Annual Meeting of Stockholders for Littelfuse, Inc. will be held virtually on April 25, 2024. Stockholders will vote on electing nine directors, advisory vote on executive compensation, and ratifying Deloitte & Touche LLP as independent auditors. The record date for stockholders entitled to vote is February 27, 2024. The meeting will be held via live webcast at www.virtualshareholdermeeting.com/LFUS2024. Ryan K. Stafford, Corporate Secretary, issued the notice on March 14, 2024.

Why It Matters

For investors and stakeholders tracking LITTELFUSE INC /DE, this filing contains several important signals. This filing is a Definitive Proxy Statement (DEF 14A), indicating it contains important information for shareholders regarding voting matters at the upcoming annual meeting. The virtual format of the meeting aims to increase accessibility for stockholders to participate and vote remotely.

Risk Assessment

Risk Level: LFUS — LITTELFUSE INC /DE shows moderate risk based on this filing. The filing is a routine proxy statement with no immediate financial or operational disclosures, thus posing minimal risk.

Analyst Insight

Review the proxy materials to understand the proposals and cast your vote for the Annual Meeting on April 25, 2024.

Key Numbers

• 9 — Directors to be elected (To serve a term of one year)
• 2024-04-25 — Annual Meeting Date (Virtual meeting date)
• 2024-02-27 — Record Date (Stockholders of record entitled to vote)
• 2024-03-14 — Filing Date (Date of filing)

Key Players & Entities

• LITTELFUSE INC /DE (company) — Registrant
• Deloitte & Touche LLP (company) — Independent Auditors
• Ryan K. Stafford (person) — Corporate Secretary
• April 25, 2024 (date) — Annual Meeting Date
• February 27, 2024 (date) — Record Date
• March 14, 2024 (date) — Filing Date

FAQ

Industry Context

Littelfuse, Inc. operates in the manufacturing sector, specifically in switchgear and switchboard apparatus. This filing pertains to corporate governance and shareholder voting.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the advisory vote proposal on executive compensation and the company's compensation philosophy.
3. Confirm the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2024.

Key Dates

• 2024-04-25: Annual Meeting of Stockholders — Stockholders will vote on key proposals including director elections and executive compensation.
• 2024-02-27: Record Date — Determines which stockholders are eligible to vote at the Annual Meeting.
• 2024-03-14: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a definitive proxy statement, typically filed annually to inform shareholders of upcoming voting matters.

Key Financial Figures

• $0.01 — 4 shares of our common stock, par value $0.01 per share. Each outstanding share of co

Filing Documents

• ny20021424x1_def14a.htm (DEF 14A) — 1673KB
• logo_littelfuse.jpg (GRAPHIC) — 44KB
• logo_littelfusefooter.jpg (GRAPHIC) — 13KB
• ny20021424x1_anthony.jpg (GRAPHIC) — 31KB
• ny20021424x1_david.jpg (GRAPHIC) — 32KB
• ny20021424x1_gayla.jpg (GRAPHIC) — 42KB
• ny20021424x1_gordon.jpg (GRAPHIC) — 31KB
• ny20021424x1_gregory.jpg (GRAPHIC) — 32KB
• ny20021424x1_kristina.jpg (GRAPHIC) — 34KB
• ny20021424x1_maria.jpg (GRAPHIC) — 43KB
• ny20021424x1_pc01.jpg (GRAPHIC) — 575KB
• ny20021424x1_pc02.jpg (GRAPHIC) — 668KB
• ny20021424x1_piechart1.jpg (GRAPHIC) — 133KB
• ny20021424x1_pvp02.jpg (GRAPHIC) — 114KB
• ny20021424x1_pvp03.jpg (GRAPHIC) — 117KB
• ny20021424x1_tzau.jpg (GRAPHIC) — 31KB
• ny20021424x1_william.jpg (GRAPHIC) — 32KB
• sig_ryankstafford.jpg (GRAPHIC) — 18KB
• ny20021424x1_pvp01x1.jpg (GRAPHIC) — 145KB
• ny20021424x1_skillsx1.jpg (GRAPHIC) — 163KB
• 0001140361-24-013241.txt (&nbsp;) — 8595KB
• lfus-20240425.xsd (EX-101.SCH) — 8KB
• lfus-20240425_def.xml (EX-101.DEF) — 9KB
• lfus-20240425_lab.xml (EX-101.LAB) — 24KB
• lfus-20240425_pre.xml (EX-101.PRE) — 18KB
• ny20021424x1_def14a_htm.xml (XML) — 286KB

Executive Compensation Vote

Executive Compensation Vote 25 COMPENSATION DISCUSSION AND ANALYSIS 26 Executive Summary 26 Total Rewards Philosophy 26 Best Practices in Compensation Governance 27 Allocation between Short-Term and Long-Term Compensation 27 TABLE OF CONTENTS 2024 PROXY STATEMENT TABLE OF CONTENTS (Continued) Benchmarking 28 Annual Compensation Process 28 Role of the Board, Compensation Committee, Management and Consultants 29 Compensation Risk 29 Impact of Accounting and Tax Issues on Executive Compensation 30 Components of Total Compensation 30 Clawback Policy 36 COMPENSATION COMMITTEE REPORT 37 COMPENSATION TABLES 38 Summary Compensation Table 38 All Other Compensation Table 39 Grants of Plan-Based Awards 40 Outstanding Equity Awards at 2023 Fiscal Year End 41 Option Exercises and Stock Vested in 2023 42 Nonqualified Deferred Compensation 43 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 44 Termination of Employment Generally 44 Long-Term Incentive Plan Termination Provisions 44 Award Agreement Termination Provisions 44 Change of Control Agreements Termination Provisions 45 Executive Severance Policy 46 Supplemental Plan Termination Provisions 47 Potential Payments upon Termination or Change in Control 47 CEO PAY RATIO 48 PAY VERSUS PERFORMANCE 50 PROPOSAL 3: APPROVAL AND RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS 55 Audit Related Matters 55 Report of Audit Committee 56 STOCKHOLDER PROPOSALS 57 OTHER PROPOSED ACTIONS 58 TABLE OF CONTENTS GENERAL INFORMATION AND FREQUENTLY ASKED QUESTIONS We are furnishing this Proxy Statement to the stockholders of Littelfuse, Inc. in connection with the solicitation by the Board of Directors of Littelfuse, Inc. (the "Board") of proxies to be voted at our annual meeting of stockholders to be held on April 25, 2024 (the "Annual Meeting"). The Annual Meeting will be a virtual meeting held via live webcast on the in

View Full Filing

View this DEF 14A filing on SEC EDGAR