Mueller Water Products Files DEF 14A on Executive Compensation

Ticker: MWA · Form: DEF 14A · Filed: Dec 18, 2024 · CIK: 1350593

Mueller Water Products, INC. DEF 14A Filing Summary
FieldDetail
CompanyMueller Water Products, INC. (MWA)
Form TypeDEF 14A
Filed DateDec 18, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$50 million, $1,314.7 m, $181.7 m, $284.7 m, $0.74
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, executive-compensation, annual-meeting

TL;DR

MWP proxy statement out: details exec pay & annual meeting info for FY24.

AI Summary

Mueller Water Products, Inc. filed a DEF 14A on December 18, 2024, detailing executive compensation and annual meeting matters for the fiscal year ending September 30, 2024. The filing includes information on compensation for key executives such as Zakas and Hall, and discusses equity awards and pension values. The company's fiscal year runs from October 1 to September 30.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and approved, impacting corporate governance and investor confidence.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing concerning executive compensation and annual meeting matters, not indicating immediate financial distress or significant operational changes.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose is to provide shareholders with information regarding executive compensation, director nominations, and other matters to be voted on at the company's annual meeting.

When is the conformed period of report for this filing?

The conformed period of report is 20250206, indicating the relevant period for the matters discussed in the filing.

Who are some of the individuals mentioned in relation to compensation data?

Individuals such as Zakas and Hall are mentioned in relation to compensation data, specifically concerning equity awards and pension values for the fiscal year 2023-2024.

What is Mueller Water Products, Inc.'s fiscal year end?

Mueller Water Products, Inc.'s fiscal year ends on September 30 (0930).

What is the filing date of this document?

This document was filed as of December 18, 2024.

Filing Stats: 4,317 words · 17 min read · ~14 pages · Grade level 13.9 · Accepted 2024-12-18 16:51:24

Key Financial Figures

Filing Documents

From the Filing

mwa-20241218 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A 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 240.14a-12 Mueller Water Products, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. NOTICE OF ANNUAL MEETING WHEN WHERE RECORD DATE Thursday, February 6, 2025; 10:00 A.M., Eastern Time The Annual Meeting will be held virtually via live webcast at: meetnow.global/MHMJVY5 Only our stockholders at the close of business on December 9, 2024, the record date for voting at the Annual Meeting, are entitled to notice of and to vote at the Annual Meeting and any adjournments or postponements thereof. ITEMS OF BUSINESS Board Recommendation Proposal 1 To elect nine directors FOR each director nominee Proposal 2 To approve, on an advisory basis, the compensation of our named executive officers FOR Proposal 3 To approve the amendment and restatement of the 2006 Employee Stock Purchase Plan FOR Proposal 4 To approve the amendment and restatement of the 2006 Stock Incentive Plan FOR Proposal 5 To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2025 FOR Stockholders will also transact any other business properly brought before the Annual Meeting and any reconvened or rescheduled meeting following any adjournments or postponements thereof. We use United States Securities and Exchange Commission ("SEC") rules allowing issuers to furnish proxy materials to their stockholders over the Internet. A Notice of Internet Availability of Proxy Materials or this Proxy Statement will first be mailed to our stockholders on or about December 18, 2024. Please refer to the Notice of Internet Availability of Proxy Materials, proxy materials email or proxy card you received for information on how to vote your shares and to ensure your shares will be represented and voted at the Annual Meeting. By Order of the Board of Directors. CHASON A. CARROLL Corporate Secretary Atlanta, Georgia December 18, 2024 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON February 6, 2025 This Proxy Statement and our 2024 Annual Report are available at www.proxyvote.com (for beneficial stockholders) and www.edocumentview.com/mwa (for registered stockholders). PROXY STATEMENT FOR 2025 ANNUAL MEETING 1 LETTER TO STOCKHOLDERS DEAR FELLOW STOCKHOLDERS, Fiscal year 2024 was a record year for Mueller Water Products ("Mueller"). With Mueller's outstanding financial, operational and strategic performance, as well as the reaffirmation of Marietta Edmunds Zakas as our Chief Executive Officer and appointment of Paul McAndrew as our President and Chief Operating Officer, the Board of Directors and I are enthusiastic about Mueller's future. Together with the management team, we are focused on executing our strategic priorities to benefit our customers, people, communities and stockholders. As previously reported, Mueller achieved record annual net sales, margins and cash generation in fiscal 2024. We also returned approximately $50 million to shareholders through share repurchases and increased quarterly dividends for the ninth time through the end of fiscal 2024. We are confident in our future, knowing that the significant investments we have made in our facilities and our ongoing strategies position us well to be a major contributor to enhancing the aging North American water infrastructure as the expected incremental spending associated with the federal infrastructure bill is realized. We remain committed to developing the products and solutions our communities need as we help our cities and water utilities deliver clean, safe drinking water. Our commitment extends to our Environmental, Social and Governance ("ESG") initiatives. In September, we released our fourth ESG Report, highlighting our progress toward becoming a more sustainable, innovative and impactful organization. Notably, in March 2024, MSCI ESG Research LLC upgraded Mueller's ESG practices to its highest level of AAA. We also enhanced our global disclosure alignment with the United Nations Sustainable Development Goals and provided initial climate-related information to CDP Worldwide. This year, we continued to advance our b

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