Momentus Inc. Files Definitive Proxy Statement
Ticker: MNTSW · Form: DEF 14A · Filed: Jun 6, 2024 · CIK: 1781162
Sentiment: neutral
Topics: proxy-statement, governance, shareholder-meeting
TL;DR
Momentus DEF 14A filed. Get ready to vote on company matters.
AI Summary
Momentus Inc. filed a Definitive Proxy Statement (DEF 14A) on June 6, 2024, for its fiscal year ending December 31, 2023. The company, formerly known as Stable Road Acquisition Corp. until June 28, 2019, is involved in the Guided Missiles & Space Vehicles & Parts industry. The filing is related to the company's annual meeting and shareholder voting.
Why It Matters
This filing provides shareholders with crucial information regarding upcoming votes, executive compensation, and corporate governance matters, allowing them to make informed decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (DEF 14A) that provides information to shareholders and does not inherently introduce new financial risks.
Key Players & Entities
- Momentus Inc. (company) — Registrant
- Stable Road Acquisition Corp. (company) — Former company name
- June 6, 2024 (date) — Filing date
- 2023 (date) — Fiscal year end
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming meeting, providing details on matters to be voted upon, such as director elections and executive compensation.
When was Momentus Inc. formerly known as Stable Road Acquisition Corp.?
Momentus Inc. was formerly known as Stable Road Acquisition Corp. until June 28, 2019.
What is Momentus Inc.'s industry classification?
Momentus Inc. is classified under 'GUIDED MISSILES & SPACE VEHICLES & PARTS' with SIC code 3760.
What is the filing date of this DEF 14A?
This Definitive Proxy Statement was filed on June 6, 2024.
What is the fiscal year end for Momentus Inc.?
Momentus Inc.'s fiscal year ends on December 31.
Filing Stats: 4,612 words · 18 min read · ~15 pages · Grade level 12.8 · Accepted 2024-06-06 12:43:05
Key Financial Figures
- $1.235 b — total annual gross revenue of at least $1.235 billion, or (c) following the fifth anniv
- $1 — date on which we have issued more than $1 billion in non-convertible debt in
- $700 — ock held by non-affiliates is less than $700 million and our annual revenue was
- $100 — on and our annual revenue was less than $100 million during the most recently c
- $250 — ock held by non-affiliates is less than $250 million or (ii) our annual revenue
Filing Documents
- ny20027320x2_def14a.htm (DEF 14A) — 510KB
- logo_momentus.jpg (GRAPHIC) — 51KB
- logo_momentusx1.jpg (GRAPHIC) — 37KB
- ny20027320x2_date.jpg (GRAPHIC) — 12KB
- ny20027320x2_votemail.jpg (GRAPHIC) — 11KB
- ny20027320x2_votemeeting.jpg (GRAPHIC) — 10KB
- ny20027320x2_voteonline.jpg (GRAPHIC) — 9KB
- ny20027320x2_votephone.jpg (GRAPHIC) — 8KB
- ny20027320x2_where.jpg (GRAPHIC) — 8KB
- ny20027320x2_pc01.jpg (GRAPHIC) — 632KB
- ny20027320x2_pc02.jpg (GRAPHIC) — 461KB
- 0001140361-24-029093.txt ( ) — 2216KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION ​ ​ 17 Summary Compensation Table ​ ​ 18 Narrative to the Summary Compensation Table ​ ​ 18 Base Salaries ​ ​ 18 Bonuses ​ ​ 18 Equity Compensation ​ ​ 18 Perquisites ​ ​ 19 Executive Employment Agreements ​ ​ 19 Potential Payments Upon Termination or Change in Control ​ ​ 20 Outstanding Equity Awards at Fiscal-Year End ​ ​ 21 DIRECTOR COMPENSATION ​ ​ 22 Director Compensation Policy ​ ​ 22 Equity Compensation ​ ​ 22 Accelerated Vesting ​ ​ 22 Other Terms ​ ​ 22 Security Director and Chairperson of Security Committee ​ ​ 23 Compensation of Directors ​ ​ 23
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ​ ​ 24
Security Ownership of Certain Beneficial Owners
Security Ownership of Certain Beneficial Owners ​ ​ 24 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS ​ ​ 25 Indemnification Agreements ​ ​ 25 Related Party Transactions Policy ​ ​ 25 Proposal 2 – Ratification of Appointment of Independent Registered Public Accounting Firm ​ ​ 26 Audit Committee Report ​ ​ 27 Independent Auditor’s Fees ​ ​ 28 Vote Required ​ ​ 28 Recommendation ​ ​ 29 PROPOSAL 3 - WARRANT REPRICING PROPOSAL ​ ​ 30 General ​ ​ 30 Nasdaq Stockholder Approval Requirement ​ ​ 31 Vote Required ​ ​ 31 Recommendation ​ ​ 31 Stockholder Proposals and Director Nominations for Inclusion in the 2025 Proxy Statement ​ ​ 32 Stockholder Proposals and Director Nominations other than Pursuant to Rule 14a-8 ​ ​ 32 TABLE OF CONTENTS   3901 N. First Street San Jose, California 95134 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 28, 2024 AT 9:00 A.M. PACIFIC TIME GENERAL INFORMATION When is this proxy statement and the accompanying materials scheduled to be sent to stockholders? On or about June 6, 2024, we began mailing our proxy materials, including our proxy statement and our Annual Report on Form 10-K for the year ended December 31, 2023, or the Annual Report. For shares held in street name (held for your account by a broker or other nominee), you will receive a voting instruction form from your broker or nominee. The Annual Report is available on the Investor Relations section of our website at  https://investors.momentus.space/financial-information/annual-reports . Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be Held on June 28, 2024: The Notice of