Luxfer Holdings PLC Announces 2024 Annual General Meeting Details

Ticker: LXFR · Form: DEF 14A · Filed: Apr 26, 2024 · CIK: 1096056

Luxfer Holdings PLC DEF 14A Filing Summary
FieldDetail
CompanyLuxfer Holdings PLC (LXFR)
Form TypeDEF 14A
Filed DateApr 26, 2024
Risk Level
Pages16
Reading Time19 min
Key Dollar Amounts$16 million, $373.5 million, $43.3 million, $69.9 million, $40 million
Sentimentneutral

Sentiment: neutral

Topics: AGM, Luxfer Holdings, Proxy Statement, Shareholder Meeting, Financial Performance

TL;DR

<b>Luxfer Holdings PLC will hold its 2024 AGM on June 6, 2024, addressing 2023 challenges and future strategy.</b>

AI Summary

LUXFER HOLDINGS PLC (LXFR) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. The 2024 Annual General Meeting (AGM) of Luxfer Holdings PLC will be held on June 6, 2024, at 8:30 a.m. BST at the Luxfer MEL Technologies site in Manchester, UK. Shareholders can attend and vote at the AGM or appoint a proxy. The company faced unprecedented challenges in 2023, particularly in the second half of the year. Record-high input costs for key raw materials adversely impacted Luxfer's performance in 2023. Luxfer remains committed to its long-term strategy of creating shareholder and customer value through sustainable transportation and life-saving equipment.

Why It Matters

For investors and stakeholders tracking LUXFER HOLDINGS PLC, this filing contains several important signals. The AGM is a key event for shareholders to engage with the company's leadership and vote on important matters. The company's performance in 2023 was impacted by significant challenges, including record-high input costs, making the outlook and strategic direction discussed at the AGM crucial for investors.

Risk Assessment

Risk Level: — LUXFER HOLDINGS PLC shows moderate risk based on this filing. The company's performance in 2023 was adversely impacted by several factors, including record-high input costs for key raw materials, indicating potential ongoing financial pressures.

Analyst Insight

Shareholders should carefully review the proxy materials and consider their voting strategy for the upcoming AGM, paying close attention to the company's performance review and future outlook.

Key Numbers

  • June 6, 2024 — AGM Date (2024 Annual General Meeting)
  • 8:30 a.m. BST — AGM Time (2024 Annual General Meeting)

Key Players & Entities

  • Luxfer Holdings PLC (company) — Registrant
  • June 6, 2024 (date) — Date of AGM
  • 8:30 a.m. BST (time) — Time of AGM
  • Manchester, United Kingdom (location) — Location of AGM
  • 2023 (date) — Year of performance review

FAQ

When did LUXFER HOLDINGS PLC file this DEF 14A?

LUXFER HOLDINGS PLC 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 LUXFER HOLDINGS PLC (LXFR).

Where can I read the original DEF 14A filing from LUXFER HOLDINGS PLC?

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 LUXFER HOLDINGS PLC.

What are the key takeaways from LUXFER HOLDINGS PLC's DEF 14A?

LUXFER HOLDINGS PLC filed this DEF 14A on April 26, 2024. Key takeaways: The 2024 Annual General Meeting (AGM) of Luxfer Holdings PLC will be held on June 6, 2024, at 8:30 a.m. BST at the Luxfer MEL Technologies site in Manchester, UK.. Shareholders can attend and vote at the AGM or appoint a proxy.. The company faced unprecedented challenges in 2023, particularly in the second half of the year..

Is LUXFER HOLDINGS PLC a risky investment based on this filing?

Based on this DEF 14A, LUXFER HOLDINGS PLC presents a moderate-risk profile. The company's performance in 2023 was adversely impacted by several factors, including record-high input costs for key raw materials, indicating potential ongoing financial pressures.

What should investors do after reading LUXFER HOLDINGS PLC's DEF 14A?

Shareholders should carefully review the proxy materials and consider their voting strategy for the upcoming AGM, paying close attention to the company's performance review and future outlook. The overall sentiment from this filing is neutral.

How does LUXFER HOLDINGS PLC compare to its industry peers?

Luxfer Holdings PLC operates in industrial inorganic chemicals, serving niche end markets with technical know-how and manufacturing expertise.

Are there regulatory concerns for LUXFER HOLDINGS PLC?

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, requiring specific disclosures for shareholder meetings.

Risk Factors

  • Adverse Impact of Input Costs [medium — financial]: Record-high input costs for key raw materials adversely impacted Luxfer's performance in 2023, especially in the second half of the year.

Industry Context

Luxfer Holdings PLC operates in industrial inorganic chemicals, serving niche end markets with technical know-how and manufacturing expertise.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, requiring specific disclosures for shareholder meetings.

What Investors Should Do

  1. Review the full proxy statement for detailed information on all agenda items.
  2. Assess the company's financial performance in 2023 and its outlook for 2024.
  3. Determine voting preferences for board members and other proposals presented at the AGM.

Key Dates

  • 2024-06-06: Annual General Meeting — Shareholders will vote on company matters and hear updates.

Year-Over-Year Comparison

This filing is a DEF 14A, a Definitive Proxy Statement, indicating it contains the final information for the upcoming shareholder meeting.

Filing Stats: 4,729 words · 19 min read · ~16 pages · Grade level 11.7 · Accepted 2024-04-26 11:43:37

Key Financial Figures

  • $16 million — share buybacks, amounting to more than $16 million in 2023. As we look to the future, I a
  • $373.5 million — the full year 2023, our Net Sales were $373.5 million with Adjusted EBITDA of $43.3 million.
  • $43.3 million — $373.5 million with Adjusted EBITDA of $43.3 million. We encountered lower sales and profita
  • $69.9 million — ith a strong balance sheet, Net Debt at $69.9 million and Net Debt Leverage of 1.6x. 1 Stra
  • $40 million — h future capacity for revenues of up to $40 million annually. Moreover, I am enthusiastic a

Filing Documents

EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS

EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS Notice of 2024 Annual General Meeting 1 Named Executive Officers 55 2024 Annual General Meeting Information 2

Executive Compensation Framework

Executive Compensation Framework 56 Questions and Answers 5 2023 Executive Compensation Program 59 02 2024 proxy statement summary Pay Versus Performance 73 Proxy Statement Summary 9 Compensation-Related Policies and Arrangements 77 03 RESOLUTIONS 07

ExECUTIVE COMPENSATION TABLES

ExECUTIVE COMPENSATION TABLES Resolutions 1-6: Election of Directors 13 Summary Compensation Table 83 Resolution 7: Directors' Remuneration Policy 14 Grants of Plan-Based Awards in 2023 85 Resolution 8: Directors' Remuneration Report 15 Outstanding Equity Awards at Dec. 31, 2023 86 Resolution 9: Approval of Executive Compensation 16 2023 Option Exercises and Shares Vested Table 88 Resolution 10: Frequency of "Say-on-Pay" Votes 17 2023 Pension Benefits 89 Resolution 11: Independent Auditor Appointment 18 08 CEO PAY RATIO 90 Resolution 12: Independent Auditor's Remuneration 19 09 AUDIT COMMITTEE REPORT Resolution 13: Approval of Second Amended and Restated Non-Executive Directors' Equity Incentive Plan 20 2023 Audit Committee Report 91 Resolution 14: Authority to Issue Shares and to Grant Rights to Subscribe for or Convert Securities Into Shares 26 Audit Committee Pre-Approval Policy 93 Resolution 15: Authority to Disapply Preemptive Rights to Equity Securities Issued or Sold for Cash 28 Fees Paid to the Independent Auditor 93 04 LUXFER'S BOARD OF DIRECTORS AND CORPORATE GOVERNANCE 10 Equity compensation plan information Directors Standing for Re-Election 30 Equity Compensation Plan Information 94 Director Biographies 31 11 SECURITY BENEFICIAL OWNERSHIP AND REPORTING Board Meetings and Committees 36

Security Ownership Table

Security Ownership Table 95 Corporate Governance 39 Section 16(A) Beneficial Ownership Reporting Compliance 97 Governance Policies and Practices 42 12 ADDITIONAL INFORMATION Environment, Social and Governance Initiatives 44 2025 Shareholder Proposals, Where You Can Find More Information, and Forward-Looking Statements and Other Disclaimers 98 Non-Executive Director Compensation 51 A-C APPENDICES 05 REMUNERATION COMMITTEE REPORT Appendix A: Reconciliation of Non-GAAP Financial Measures to GAAP Measures A 2023 Remuneration Committee Report 53 Appendix B: Directors' Remuneration Policy B Appendix C: Second Amended and Restated Non-Executive Directors Equity Incentive Plan C Page iii 2024 PROXY STATEMENT NOTICE OF 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS DATE AND TIME LOCATION Thursday, June 6, 2024 8:30 a.m. BST Luxfer MEL Technologies Lumns Lane, Manchester, M27 8LN, United Kingdom ORDINARY RESOLUTIONS 1. To re -elect Andy Butcher as a Director of the Company. 2. To re -elect Patrick Mullen as a Director of the Company. 3. To re -elect Richard Hipple as a Director of the Company. 4. To re -elect Clive Snowdon as a Director of the Company. 5. To re -elect Sylvia A. Stein as a Director of the Company. 6. To re -elect Lisa Trimberger as a Director of the Company. 7. To approve the Directors' Remuneration Policy. 8. To approve, by non -binding advisory vote, the Directors' Remuneration Report for the year ended December 31, 2023. 9. To approve, by non -binding advisory vote, the compensation of the Company's Named Executive Officers for the year ended December 31, 2023. 10. To approve, by non -binding advisory vote, the frequency of "Say -on-Pay " votes. 11. To ratify the re -appointment of PricewaterhouseCoopers LLP as the independent auditor of the Company (the "Independent Auditor") until conclusion of the 2025 Annual General Meeting. 12. To authorize the Audit Com

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