Lightbridge Corporation Announces 2024 Annual Meeting of Stockholders
Ticker: LTBR · Form: DEF 14A · Filed: Mar 8, 2024 · CIK: 1084554
| Field | Detail |
|---|---|
| Company | Lightbridge Corp (LTBR) |
| Form Type | DEF 14A |
| Filed Date | Mar 8, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $7,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Virtual Meeting, Lightbridge Corp
TL;DR
<b>Lightbridge Corporation is holding its 2024 Annual Meeting of Stockholders virtually on April 19, 2024, and urges shareholders to vote.</b>
AI Summary
LIGHTBRIDGE Corp (LTBR) filed a Proxy Statement (DEF 14A) with the SEC on March 8, 2024. Lightbridge Corporation will hold its 2024 Annual Meeting of Stockholders virtually on April 19, 2024, at 11 a.m. Eastern Time. Stockholders are encouraged to review the proxy materials and vote by telephone, internet, or mail. The meeting will include a review of Lightbridge's developments and other general company interests. The company was formerly known as Thorium Power, Ltd and NovaStar Resources Ltd. The filing is a Definitive Proxy Statement (DEF 14A) filed on March 8, 2024.
Why It Matters
For investors and stakeholders tracking LIGHTBRIDGE Corp, this filing contains several important signals. This DEF 14A filing provides shareholders with essential information regarding the upcoming annual meeting, including proposals to be voted on and instructions for participation. The virtual format of the meeting aims to increase accessibility for shareholders, allowing them to participate and vote remotely.
Risk Assessment
Risk Level: low — LIGHTBRIDGE 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 changes indicated.
Analyst Insight
Shareholders should review the proxy materials carefully and cast their votes for the proposals presented at the 2024 Annual Meeting.
Key Numbers
- 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
- April 19 — Meeting Date (Friday, April 19, 2024)
- 11 a.m. Eastern Time — Meeting Time (11 a.m. Eastern Time)
- DEF 14A — Filing Type (Schedule 14A Proxy Statement)
- 20240308 — Filing Date (Filed as of date: 20240308)
Key Players & Entities
- Lightbridge Corporation (company) — Registrant
- April 19, 2024 (date) — Annual Meeting date
- Seth Grae (person) — President and Chief Executive Officer
- Thorium Power, Ltd (company) — Former company name
- NOVASTAR RESOURCES LTD. (company) — Former company name
FAQ
When did LIGHTBRIDGE Corp file this DEF 14A?
LIGHTBRIDGE Corp filed this Proxy Statement (DEF 14A) with the SEC on March 8, 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 LIGHTBRIDGE Corp (LTBR).
Where can I read the original DEF 14A filing from LIGHTBRIDGE 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 LIGHTBRIDGE Corp.
What are the key takeaways from LIGHTBRIDGE Corp's DEF 14A?
LIGHTBRIDGE Corp filed this DEF 14A on March 8, 2024. Key takeaways: Lightbridge Corporation will hold its 2024 Annual Meeting of Stockholders virtually on April 19, 2024, at 11 a.m. Eastern Time.. Stockholders are encouraged to review the proxy materials and vote by telephone, internet, or mail.. The meeting will include a review of Lightbridge's developments and other general company interests..
Is LIGHTBRIDGE Corp a risky investment based on this filing?
Based on this DEF 14A, LIGHTBRIDGE Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.
What should investors do after reading LIGHTBRIDGE Corp's DEF 14A?
Shareholders should review the proxy materials carefully and cast their votes for the proposals presented at the 2024 Annual Meeting. The overall sentiment from this filing is neutral.
How does LIGHTBRIDGE Corp compare to its industry peers?
Lightbridge Corporation operates in the management consulting services sector, as indicated by its SIC code 8742.
Are there regulatory concerns for LIGHTBRIDGE Corp?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
Industry Context
Lightbridge Corporation operates in the management consulting services sector, as indicated by its SIC code 8742.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the proxy statement for details on proposals and voting procedures.
- Vote your shares by telephone, internet, or mail before the meeting.
- Attend the virtual annual meeting on April 19, 2024, to stay informed.
Key Dates
- 2024-04-19: 2024 Annual Meeting of Stockholders — Shareholders will vote on company proposals and hear updates.
- 2024-03-08: Filing Date of DEF 14A — Indicates the official release of proxy materials to shareholders.
Year-Over-Year Comparison
This is a routine DEF 14A filing for the annual meeting, with no specific comparative data from a prior filing provided in this excerpt.
Filing Stats: 4,696 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-03-08 17:00:11
Key Financial Figures
- $7,500 — pay Advantage Proxy, Inc. approximately $7,500, plus expenses, for its services. What
Filing Documents
- ltbr_def14a.htm (DEF 14A) — 859KB
- ltbr_def14aimg8.jpg (GRAPHIC) — 19KB
- ltbr_def14aimg7.jpg (GRAPHIC) — 27KB
- ltbr_def14aimg6.jpg (GRAPHIC) — 5KB
- ltbr_def14aimg5.jpg (GRAPHIC) — 21KB
- ltbr_def14aimg4.jpg (GRAPHIC) — 2KB
- ltbr_def14aimg3.jpg (GRAPHIC) — 5KB
- ltbr_def14aimg20.jpg (GRAPHIC) — 37KB
- ltbr_def14aimg2.jpg (GRAPHIC) — 2KB
- ltbr_def14aimg1.jpg (GRAPHIC) — 6KB
- 0001477932-24-001110.txt ( ) — 1032KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 16 Compensation Discussion and Analysis 16 Executive Summary 16 Objectives of Our Compensation Plan 19
Executive Compensation Elements
Executive Compensation Elements 21 Employment Agreements 23 Tax Considerations 24 No Hedging, Pledging or Short Sales Transactions Permitted 24 Report of the Compensation Committee 24 2023 Summary Compensation Table 25 Outstanding Equity Awards at Fiscal Year End 26 Potential Payments upon Termination or Change in Control 26 Equity Incentive Plans 27 Securities Authorized for Issuance under Equity Compensation Plans 27 Pay Versus Performance 27 Analysis of the Information Presented in the Pay Versus Performance Table 29 Director Compensation 30
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 31 REPORT OF THE AUDIT COMMITTEE 32 PROPOSAL 1 – ELECTION OF DIRECTORS 33 PROPOSAL 2 – APPROVAL OF AN AMENDMENT OF THE LIGHTBRIDGE CORPORATION 2020 OMNIBUS INCENTIVE PLAN 36 PROPOSAL 3 – ADVISORY VOTE ON EXECUTIVE COMPENSATION 44 PROPOSAL 4 – RATIFICATION OF INDEPENDENT AUDITORS 45 OTHER MATTERS 46 APPENDIX A LIGHTBRIDGE CORPORATION 2020 OMNIBUS INCENTIVE PLAN, AS AMENDED A-1 i Table of Contents PROXY STATEMENT SUMMARY This summary highlights information contained elsewhere in this proxy statement. This summary does not contain all the information you should consider. Please read the entire proxy statement carefully before voting. Lightbridge Corporation 2024 Annual Meeting of Stockholders Date and Time: Friday, April 19, 2024 at 11 a.m., Eastern Time Virtual Meeting: This year's meeting is a virtual stockholders meeting at www.virtualshareholdermeeting.com/LTBR2024 Annual Meeting Agenda Proposal Page Numbers Board Recommendation 1. Election of directors 33 FOR all nominees 2. Approval of an amendment to the 2020 Omnibus Incentive Plan 36 FOR 3. Advisory vote on executive compensation 44 FOR 4. Ratification of independent auditors 45 FOR In addition, stockholders may be asked to consider any other business properly brought before the meeting. Our Director Nominees The following table provides summary information about each director nominee. Each director is elected annually by a plurality of votes cast. Thomas Graham, Jr., the current Chairman of the Company's Board of Directors is not standing for re-election at the annual meeting. Committee Membership Name and Position Director Since Independent Audit Comp Gov/Nom Seth Grae, President, CEO, and Director April 2006 No Sweta Chakraborty, Director September 2021 Yes Jesse Funches, Director August 2021 Yes Chair Sherri Goodman, Director April 2023 Yes Daniel B.