LSI Industries Files DEF 14A, Discloses Financials

TL;DR

LSI Industries DEF 14A out: exec pay details & financials for FY23 ($379M assets, $121M liabs).

AI Summary

LSI Industries Inc. filed its DEF 14A on September 16, 2024, for the fiscal year ending November 5, 2024. The filing details executive compensation and other corporate governance matters. Key financial data for the fiscal year ending June 30, 2023, includes total assets of $379.3 million and total liabilities of $121.4 million.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and the company's financial health, enabling informed voting decisions.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing detailing corporate governance and executive compensation, not indicating immediate operational or financial distress.

Key Numbers

• $379.3M — Total Assets (As of fiscal year end June 30, 2023.)
• $121.4M — Total Liabilities (As of fiscal year end June 30, 2023.)
• $190.0M — Total Equity (As of fiscal year end June 30, 2023.)

Key Players & Entities

• LSI INDUSTRIES INC (company) — Filer
• 0001437749-24-029209 (filing_id) — Accession Number
• 20240916 (date) — Filing Date
• 20241105 (date) — Period of Report
• 310888951 (tax_id) — IRS Number
• OH (state) — State of Incorporation
• CINCINNATI (city) — Business Address City
• 5135796411 (phone_number) — Business Phone
• 379,279 (dollar_amount) — Total Assets (FY 2023)
• 121,449 (dollar_amount) — Total Liabilities (FY 2023)

FAQ

Key Financial Figures

• $1,136,900 — ee Category 2024 2023 Audit Fees $1,136,900 $988,800 Audit-related Fees $48,50
• $988,800 — 2024 2023 Audit Fees $1,136,900 $988,800 Audit-related Fees $48,500 $19,000
• $48,500 — 36,900 $988,800 Audit-related Fees $48,500 $19,000 Tax Fees $413,828 $366,2
• $19,000 — 988,800 Audit-related Fees $48,500 $19,000 Tax Fees $413,828 $366,255 All O
• $413,828 — ted Fees $48,500 $19,000 Tax Fees $413,828 $366,255 All Other Fees $0 $0
• $366,255 — 48,500 $19,000 Tax Fees $413,828 $366,255 All Other Fees $0 $0 Total Fees
• $0 — $413,828 $366,255 All Other Fees $0 $0 Total Fees $1,599,228 $1,374,
• $1,599,228 — All Other Fees $0 $0 Total Fees $1,599,228 $1,374,055 Audit fees represent fee
• $1,374,055 — ees $0 $0 Total Fees $1,599,228 $1,374,055 Audit fees represent fees and out-of-
• $3.5 billion — planning and M&A activities for REXEL's $3.5 billion of revenues in U.S. operations. Prior t

Filing Documents

• lyts20240910_def14a.htm (DEF 14A) — 736KB
• a01.jpg (GRAPHIC) — 7KB
• capvsaebitda.jpg (GRAPHIC) — 37KB
• capvsni.jpg (GRAPHIC) — 38KB
• capvstsr.jpg (GRAPHIC) — 39KB
• clark.jpg (GRAPHIC) — 9KB
• ogara.jpg (GRAPHIC) — 11KB
• proxy01.jpg (GRAPHIC) — 118KB
• proxy02.jpg (GRAPHIC) — 71KB
• 0001437749-24-029209.txt ( ) — 2069KB
• lyts-20240630.xsd (EX-101.SCH) — 3KB
• lyts-20240630_def.xml (EX-101.DEF) — 2KB
• lyts-20240630_lab.xml (EX-101.LAB) — 2KB
• lyts-20240630_pre.xml (EX-101.PRE) — 1KB
• lyts20240910_def14a_htm.xml (XML) — 123KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 9 Compensation Discussion and Analysis 9 COMPENSATION COMMITTEE REPORT 20 Equity Compensation Plan Information 26 CEO PAY RATIO DISCLOSURE 27 PAY VERSUS PERFORMANCE 28 CORPORATE GOVERNANCE 32 DIRECTOR COMPENSATION 33 COMMITTEES OF THE BOARD 34 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 37 RELATED PERSON TRANSACTIONS 38 QUESTIONS 38 ANNEX A—NON-GAAP MEASURES A-1 The Company makes available, free of charge on its website, all of its filings that are made electronically with the Securities and Exchange Commission ( " SEC " ), including Forms 10-K, 10-Q, and 8-K and any amendments thereto. To access these filings, go to the Company ' s website (www.lsicorp.com), navigate to the " Investors " page and click on " SEC Filings " under the " Financials " header. Copies of the Company ' s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, including financial statements and schedules thereto, filed with the SEC are also available without charge to shareholders upon written request addressed to: LSI Industries Inc. Thomas A. Caneris EVP Human Resources and General Counsel; Secretary 10000 Alliance Road Cincinnati, Ohio 45242 LSI INDUSTRIES INC. 10000 Alliance Road Cincinnati, Ohio 45242 (513) 793-3200 __________________________________________ P R O X Y S T A T E M E N T __________________________________________ Annual Meeting of Shareholders November 5, 2024 INTRODUCTION The Board of Directors of LSI Industries Inc. is requesting your proxy for the Annual Meeting of Shareholders on November 5, 2024, and at any postponement or adjournment of such meeting. This Proxy Statement and the accompanying proxy card were first made available on or about September 16, 2024 to shareholders of record as of September 10, 2024. VIRTUAL MEETING We are hosting a virtual meeting of shareholders for the Annual Meeting because the virtual meeting format provides expanded access and imp

View Full Filing

View this DEF 14A filing on SEC EDGAR