MAXIMUS, INC. Files Definitive Proxy Statement

Ticker: MMS · Form: DEF 14A · Filed: Jan 24, 2024 · CIK: 1032220

Maximus, Inc. DEF 14A Filing Summary
FieldDetail
CompanyMaximus, Inc. (MMS)
Form TypeDEF 14A
Filed DateJan 24, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$6.1 b, $20.7 billion, $0.30, $6.1 B, $20.7 B
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, MAXIMUS, Executive Compensation, Shareholder Meeting

TL;DR

<b>MAXIMUS, INC. has filed its Definitive Proxy Statement for the period ending March 12, 2024.</b>

AI Summary

MAXIMUS, INC. (MMS) filed a Proxy Statement (DEF 14A) with the SEC on January 24, 2024. MAXIMUS, INC. filed a Definitive Proxy Statement (DEF 14A) on January 24, 2024. The filing covers the period ending March 12, 2024. The company's fiscal year ends on September 30. MAXIMUS, INC. is incorporated in Virginia. The company's business address is 1600 TYSONS BLVD, #1400, MCLEAN, VA 22102.

Why It Matters

For investors and stakeholders tracking MAXIMUS, INC., this filing contains several important signals. This DEF 14A filing is a standard disclosure for publicly traded companies, providing shareholders with information regarding annual meetings, executive compensation, and voting matters. Shareholders should review this document to understand key proposals, director nominations, and executive compensation plans before the annual meeting.

Risk Assessment

Risk Level: low — MAXIMUS, INC. shows low risk based on this filing. The filing is a routine DEF 14A, containing standard disclosures and no immediate financial or operational red flags.

Analyst Insight

Review the executive compensation details and any shareholder proposals within the DEF 14A to assess potential impacts on shareholder value and corporate governance.

Key Numbers

  • 2024-01-24 — Filing Date (DEF 14A filing date)
  • 2024-03-12 — Period of Report (DEF 14A period of report)
  • 0930 — Fiscal Year End (MAXIMUS, INC. fiscal year end)
  • 7389 — SIC Code (Standard Industrial Classification)
  • 541000588 — IRS Number (MAXIMUS, INC. IRS number)
  • VA — State of Incorporation (MAXIMUS, INC. state of incorporation)

Key Players & Entities

  • MAXIMUS, INC. (company) — Filer name
  • MMS (company) — Ticker symbol
  • DEF 14A (document) — Filing type
  • 2024-01-24T00:00:00.000Z (date) — Filing date
  • 2024-03-12 (date) — Period of report
  • VA (location) — State of incorporation
  • 1600 TYSONS BLVD, #1400 (address) — Business address
  • MCLEAN (location) — Business address city

Forward-Looking Statements

  • Shareholders will likely approve the proposals outlined in the proxy statement, given the transparency on executive compensation. (MAXIMUS, INC. shareholders) — medium confidence, target: 2024-03-12

FAQ

When did MAXIMUS, INC. file this DEF 14A?

MAXIMUS, INC. filed this Proxy Statement (DEF 14A) with the SEC on January 24, 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 MAXIMUS, INC. (MMS).

Where can I read the original DEF 14A filing from MAXIMUS, INC.?

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 MAXIMUS, INC..

What are the key takeaways from MAXIMUS, INC.'s DEF 14A?

MAXIMUS, INC. filed this DEF 14A on January 24, 2024. Key takeaways: MAXIMUS, INC. filed a Definitive Proxy Statement (DEF 14A) on January 24, 2024.. The filing covers the period ending March 12, 2024.. The company's fiscal year ends on September 30..

Is MAXIMUS, INC. a risky investment based on this filing?

Based on this DEF 14A, MAXIMUS, INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, containing standard disclosures and no immediate financial or operational red flags.

What should investors do after reading MAXIMUS, INC.'s DEF 14A?

Review the executive compensation details and any shareholder proposals within the DEF 14A to assess potential impacts on shareholder value and corporate governance. The overall sentiment from this filing is neutral.

How does MAXIMUS, INC. compare to its industry peers?

MAXIMUS, INC. operates in the business services sector, providing health and human services programs. This DEF 14A filing is typical for companies in this sector.

Are there regulatory concerns for MAXIMUS, INC.?

As a government contractor, MAXIMUS, INC. is subject to various regulations. This DEF 14A filing is a standard SEC requirement for public companies.

Industry Context

MAXIMUS, INC. operates in the business services sector, providing health and human services programs. This DEF 14A filing is typical for companies in this sector.

Regulatory Implications

As a government contractor, MAXIMUS, INC. is subject to various regulations. This DEF 14A filing is a standard SEC requirement for public companies.

What Investors Should Do

  1. Analyze the proposals to be voted on at the shareholder meeting.
  2. Review the compensation details for named executive officers.
  3. Identify any changes in board composition or director nominees.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings in terms of its nature.

Filing Stats: 4,523 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-01-24 14:35:35

Key Financial Figures

  • $6.1 b — signed contract awards for the year was $6.1 billion, and contract backlog was a recor
  • $20.7 billion — lion, and contract backlog was a record $20.7 billion. U.S. Federal Services now accounts for
  • $0.30 — ncreased our quarterly cash dividend to $0.30 per share starting in November 2023.
  • $6.1 B — are starting in November 2023. 7.1 % $6.1 B $20.7 B Full-year organic revenue gr
  • $20.7 B — ting in November 2023. 7.1 % $6.1 B $20.7 B Full-year organic revenue growth Sign
  • $150 billion — growth within an addressable market of $150 billion in annual government spending: Techno
  • $4,905 M — rters are located in McLean, Virginia $4,905 M FY23 Revenue n U.S. Services n U.S
  • $3.83 — n Technology Solutions 5.9 % 8.0 % $3.83 $224 M Increase in revenue from $4.63
  • $224 M — hnology Solutions 5.9 % 8.0 % $3.83 $224 M Increase in revenue from $4.63B in fi
  • $4.63B — $3.83 $224 M Increase in revenue from $4.63B in fiscal year 2022 Adjusted operating

Filing Documents

From the Filing

mms-20240124 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the registrant Filed by a party other than the registrant Check the appropriate box: Preliminary proxy statement Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)) Definitive proxy statement Definitive additional materials Soliciting material pursuant to section 240.14a-12 Maximus, Inc. (Name of Registrant as Specified in Its Charter) Registrant (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of filing fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 26(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. January 24, 2024 Dear Fellow Shareholders, This 2023 fiscal year demonstrated the resilience and stability of Maximus' business model and our ability to execute against our strategic objectives, evidenced by the solid year-end results delivered by the Maximus leadership team and employees across the organization. Refining our Strategic Priorities Each year, we work closely with the management team to advance Maximus' strategic plan. With leadership, the Board has been focused on refining the Company's strategic pillars to ensure our priorities align with the priorities of our customers. This includes greater emphasis on cybersecurity and AI oversight, investments in technology-driven solutions to support our government customers responding to mission needs, and continued focus on improving the customer experience and delivering on our government customers' imperative to advance equitable access to critical benefits. Delivering on our Commitments We are pleased with the management team's progress on restructuring and optimizing our Outside the U.S. portfolio and will continue to work with the management team to shape our portfolio in a manner that reduces volatility and broadens our capabilities. As demonstrated by our year-end results, the stable core of our business and essential role in government program delivery will continue to enable Maximus to deliver for our partners, customers, and shareholders. Ongoing Board Refreshment Our board represents a diverse set of skills and experiences across technology modernization, government citizen services, cybersecurity and data privacy, federal government contracting, and sustainability necessary to advance the Company's strategy in alignment with the growth opportunities. In addition to regular board assessments, we also review committee compositions annually and have refreshed the committee assignments, effective January 1, 2024. While we considered our committees to be operating effectively, the committee changes demonstrate our continued commitment to being a strategic asset board. We believe rotations such as this help ensure our Board is well-rounded and fosters continued high performance. Shareholder Engagement and Responsiveness Shareholder engagement remains a top priority for Maximus, which was particularly evident in the round of governance meetings our Vice Chair, Anne Altman, and I had the honor of joining in Fall 2023. Topics for these sessions, which were held with many of our top 20 shareholders, included our approach to executive compensation, governance over cybersecurity, human capital management, including diversity, equity, and inclusion ("DE&I") and employee engagement, and our capital allocation strategy. In response to a majority supported shareholder proposal at our 2022 Annual Meeting, Maximus engaged a third party to conduct a racial equity audit to examine our practices and how they may impact racial equity across internal talent management practices and in the communities we serve. The key findings, available on Maximus' corporate website, highlight the significant action Maximus has taken in recent years to build and support a diverse and inclusive workforce and outlined several recommendations to continue building upon our strong foundation. The Board is committed to staying the course and will continue to learn, collect and review data, and, most importantly, listen to our employees, who are at the core of our growth strategy. On behalf of the full Board, I thank you for your continued investment in Maximus. Your vote is important and we encourage you to support our voting recommendations contained in this proxy statement. We also welcome you sharing your perspectives and priorities with us throughout the year as part of the ongoing dialogue as we continue to execute on our strategic initiatives designed to build shareholder value. Sincerely, John J. Haley Chair of the Board January 24, 2024 Dear Maximus Shareholders, As we observe the growing complexi

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