Loop Industries Files Definitive Proxy Statement
Ticker: LOOP · Form: DEF 14A · Filed: May 29, 2024 · CIK: 1504678
Sentiment: neutral
Topics: proxy-statement, annual-meeting, governance
Related Tickers: LOOP
TL;DR
Loop Industries DEF 14A filed. Vote on directors & auditors. Record date June 28.
AI Summary
Loop Industries, Inc. filed its definitive proxy statement (DEF 14A) on May 29, 2024, for its annual meeting of shareholders. The filing outlines the proposals to be voted on, including the election of directors and the ratification of the appointment of its independent registered public accounting firm. Shareholders of record as of June 28, 2024, will be eligible to vote.
Why It Matters
This filing is crucial for shareholders as it details the agenda for the upcoming annual meeting, allowing them to make informed voting decisions on corporate governance and company direction.
Risk Assessment
Risk Level: low — This is a routine annual proxy filing that outlines standard corporate governance matters.
Key Players & Entities
- Loop Industries, Inc. (company) — Registrant
- May 29, 2024 (date) — Filing Date
- June 28, 2024 (date) — Record Date for Voting
FAQ
What is the purpose of this DEF 14A filing?
The purpose of this DEF 14A filing is to provide shareholders with information regarding the annual meeting of shareholders, including proposals to be voted upon, such as the election of directors and the ratification of the independent registered public accounting firm.
Who is the registrant filing this proxy statement?
The registrant filing this proxy statement is Loop Industries, Inc.
When is the record date for determining shareholders entitled to vote?
The record date for determining shareholders entitled to vote is June 28, 2024.
What is the filing date of this definitive proxy statement?
The definitive proxy statement was filed on May 29, 2024.
What are the main items shareholders will vote on?
Shareholders will vote on proposals including the election of directors and the ratification of the appointment of the company's independent registered public accounting firm.
Filing Stats: 4,446 words · 18 min read · ~15 pages · Grade level 12.9 · Accepted 2024-05-29 17:02:44
Key Financial Figures
- $1.00 — y Canadian dollars into U.S. dollars of $1.00 CAD = $0.7408 U.S., which was the avera
- $0.7408 — ollars into U.S. dollars of $1.00 CAD = $0.7408 U.S., which was the average exchange ra
- $0.0001 — ch share of our common stock, par value $0.0001 per share (the “Common Stock
Filing Documents
- ny20025395x1_def14a.htm (DEF 14A) — 860KB
- ny20025395x1_pc01.jpg (GRAPHIC) — 600KB
- ny20025395x1_pc02.jpg (GRAPHIC) — 399KB
- ny20025395x1_pvp-01x1.jpg (GRAPHIC) — 103KB
- ny20025395x1_pvp-02x1.jpg (GRAPHIC) — 102KB
- logo_1oop-industries.jpg (GRAPHIC) — 29KB
- 0001140361-24-027923.txt ( ) — 2556KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION ​ ​ 15 COMPENSATION TABLES ​ ​ 23 PAY VERSUS PERFORMANCE ​ ​ 29 TRANSACTIONS WITH RELATED PERSONS ​ ​ 32 Transactions and Relationships with Directors, Director Nominees, Executive Officers and Five Percent Stockholders ​ ​ 32 PROPOSAL TWO: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ​ ​ 33 Audit Fees During Fiscal Years 2024 and 2023 ​ ​ 33 Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Registered Public Accounting Firm ​ ​ 33 Required Vote & Recommendation of the Board ​ ​ 34 AUDIT COMMITTEE REPORT ​ ​ 35
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ​ ​ 36 PROPOSAL THREE: ADVISORY VOTE ON EXECUTIVE COMPENSATION ​ ​ 38 Required Vote & Recommendation of the Board ​ ​ 38 OTHER MATTERS ​ ​ 39 DELINQUENT SECTION 16(A) REPORTS ​ ​ 39 HOUSEHOLDING OF ANNUAL MEETING MATERIALS ​ ​ 39 ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS ​ ​ 39 ANNUAL REPORT ON FORM 10-K ​ ​ 39 COST OF SOLICITATION ​ ​ 39 NON-SOLICITATION MATERIALS ​ ​ 39 i TABLE OF CONTENTS VOTING RIGHTS Each share of our common stock, par value $0.0001 per share (the “Common Stock”), entitles the holder thereof to one vote on matters to be acted upon at the 2024 Annual Meeting, including the election of directors. Holders of our Series A Preferred Stock are also entitled to vote, together with the holders of Common Stock, with respect to any question upon which holders of Common Stock have the right to vote, except as may be otherwise required by applicable law. Except as otherwise expressly provided in our certificate of incorporation or Amended and Restated By-laws dated as of April 4, 2018 (the “By-laws”) or as required by law, the holders of our Series A Preferred Stock and Common Stock shall vote together and not as separate series or classes. Each share of our Series A Preferred Stock is entitled to the number of votes n calculated as follows: n = ((Ct / 0.35) - (Ct + Cdp)) / SAt Where: Ct = The total number of shares of Common Stock outstanding and entitled to vote; Cdp = The number of shares of Common Stock outstanding and entitled to vote and held by Daniel Solomita, our President and Chief Executive Officer, and his permitted transferees; and SAt = The total number of shares of Series A Preferred Stock outstanding. Votes cast in person or by proxy at the