Mastech Digital, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Mastech Digital will hold its 2024 Annual Meeting of Shareholders on May 15, 2024, to vote on director elections, stock incentive plan amendments, and executive compensation.</b>

AI Summary

Mastech Digital, Inc. (MHH) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. The 2024 Annual Meeting of Shareholders for Mastech Digital, Inc. will be held on May 15, 2024, at 9:00 a.m. Eastern Time. Shareholders will vote on the election of Class I directors. Approval of the amendment and restatement of the Stock Incentive Plan is on the agenda. An advisory vote to approve named executive officer compensation will be conducted. The meeting will take place at Mastech Digital's headquarters in Moon Township, PA.

Why It Matters

For investors and stakeholders tracking Mastech Digital, Inc., this filing contains several important signals. Shareholders have the opportunity to influence the company's governance by voting on director elections and executive compensation. The proposed amendment and restatement of the Stock Incentive Plan could impact future equity awards and employee incentives.

Risk Assessment

Risk Level: — Mastech Digital, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on director nominees, stock incentive plan, and executive compensation.

Key Numbers

• 2024 — Annual Meeting Year (Year of the Annual Meeting of Shareholders.)
• May 15 — Meeting Date (Date of the Annual Meeting of Shareholders.)
• 9:00 a.m. Eastern Time — Meeting Time (Time of the Annual Meeting of Shareholders.)

Key Players & Entities

• Mastech Digital, Inc. (company) — Registrant and filer of the proxy statement.
• May 15, 2024 (date) — Date of the Annual Meeting of Shareholders.
• Vivek Gupta (person) — President and Chief Executive Officer of Mastech Digital, Inc.
• Moon Township, Pennsylvania (location) — Location of Mastech Digital, Inc.'s headquarters.

FAQ

Industry Context

Mastech Digital, Inc. operates in the management consulting services sector, providing IT staffing and digital transformation solutions.

Regulatory Implications

The filing is a standard DEF 14A proxy statement, adhering to SEC regulations for shareholder communication and corporate governance.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the proposed amendments to the Stock Incentive Plan and their potential impact.
3. Evaluate the company's named executive officer compensation before casting an advisory vote.

Key Dates

• 2024-05-15: Annual Meeting of Shareholders — Shareholders will vote on key corporate matters.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Shareholders.

Key Financial Figures

• $0.01 — cord of Mastech common stock, par value $0.01 per share (Common Stock), as of the clo

Filing Documents

• d735554ddef14a.htm (DEF 14A) — 480KB
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• 0001193125-24-093927.txt (&nbsp;) — 903KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 19 DELINQUENT SECTION 16(A) REPORTS 20 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 20 EXECUTIVE OFFICERS 20 COMPENSATION DISCUSSION AND ANALYSIS 21 SUMMARY COMPENSATION TABLE 29 GRANTS OF PLAN-BASED AWARDS 29 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 30 OPTION EXERCISES AND STOCK VESTED 30 PAY VERSUS PERFORMANCE DISCLOSURE 31 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 34 DIRECTOR COMPENSATION 35 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 35 REPORT OF THE AUDIT COMMITTEE 35 INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS 37 POLICIES AND PROCEDURES FOR APPROVING RELATED PERSON TRANSACTIONS 37 2025 SHAREHOLDER PROPOSALS OR NOMINATIONS 38 FORM 10-K 38 HOUSEHOLDING OF PROXY MATERIALS 38 WHERE YOU CAN FIND MORE INFORMATION 39 OTHER MATTERS 39 Table of Contents MASTECH DIGITAL, INC. 1305 Cherrington Parkway Building 210, Suite 400 Moon Township, Pennsylvania 15108 PROXY OF SHAREHOLDERS To Be Held on May 15, 2024 This Proxy Directors or the Board) of proxies to be voted at the Annual Meeting of Shareholders (the Annual Meeting) scheduled to be held on Wednesday, May 15, 2024, at 9:00 a.m. Eastern Time, at the Companys headquarters at 1305 Cherrington Parkway, Building 210, Suite 400 Moon Township, PA, 15108, or at any adjournment or postponement thereof. This Proxy Statement is being mailed to shareholders on or about April 15, 2024. PURPOSE OF THE MEETING The specific proposals to be considered and acted upon at the Annual Meeting are summarized in the accompanying Notice of Annual Meeting of Shareholders. The proposals are descri

BUSINESS

BUSINESS EXPERIENCE OF DIRECTORS Director Qualification Standards We will only consider as candidates for director individuals who possess the highest personal and professional ethics, integrity and values, and who are committed to representing the long-term interests of our shareholders. In evaluating candidates for nomination as a director, the Nominating and Corporate Governance Committee will also consider other criteria, including current or recent experience as a chief executive officer of a public company or as a leader of another major complex organization in the public or private sector; business and financial expertise; geography; experience as a director of a public company; gender and ethnic diversity on the Board; independence; knowledge of the Companys business and industry; and general criteria such as independent thought, practical wisdom and mature judgment. In addition, directors must be willing to devote sufficient time to carrying out their duties and responsibilities effectively and should be committed to serving on the Board for an extended period of time. One or more of our directors must possess the education or experience required to qualify as an audit committee financial expert. Nominees for Directors in Class I Whose Terms will Expire in 2027 Sunil Wadhwani, age 71, has served as a Director and Co-Chairman since our formation in 2008. Mr. Wadhwani was the Co-Founder of iGATE Corporation (iGATE), a provider of integrated technology and 3 Table of Contents operations-based information technology solutions, and Mastech. Mr. Wadhwani served as Co-Chairman and Chief Executive Officer of iGATE from 1986 until April 2008, when he resigned as Chief Executive Officer, but remained a director of iGATE and Co-Chairman of the iGATE Board until July 2015. From 1986 through September 1996, Mr. Wadhwani served as Chairman of iGATE and held several other offices, including President and Chief Executive Officer. Mr. Wadhwani has a Bachelors

View Full Filing

View this DEF 14A filing on SEC EDGAR