Nocopi Technologies, Inc. Announces 2024 Annual Meeting of Stockholders
Ticker: NNUP · Form: DEF 14A · Filed: Apr 30, 2024 · CIK: 888981
| Field | Detail |
|---|---|
| Company | Nocopi Technologies Inc/Md/ (NNUP) |
| Form Type | DEF 14A |
| Filed Date | Apr 30, 2024 |
| Risk Level | |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Proxy Statement, Incentive Compensation Plan, Independent Auditor, Stockholder Vote
TL;DR
<b>Nocopi Technologies, Inc. will hold its 2024 Annual Meeting of Stockholders online on June 17, 2024, with key proposals including the 2024 Incentive Compensation Plan and ratification of auditors.</b>
AI Summary
NOCOPI TECHNOLOGIES INC/MD/ (NNUP) filed a Proxy Statement (DEF 14A) with the SEC on April 30, 2024. Annual meeting to be held online via live webcast on June 17, 2024, at 9:00 a.m. ET. Stockholders must pre-register by June 16, 2024, 9:00 a.m. ET to participate. Key proposals include approval of the Nocopi Technologies, Inc. 2024 Incentive Compensation Plan. The appointment of Morison Cogen, LLP as independent registered public accounting firm for the year ending December 31, 2024, will be ratified. The company encourages stockholders to vote by telephone or internet prior to the meeting.
Why It Matters
For investors and stakeholders tracking NOCOPI TECHNOLOGIES INC/MD/, this filing contains several important signals. The virtual format requires pre-registration, potentially impacting stockholder participation if not completed by the deadline. Approval of the 2024 Incentive Compensation Plan is a critical step for future employee motivation and retention.
Risk Assessment
Risk Level: — NOCOPI TECHNOLOGIES INC/MD/ shows moderate risk based on this filing. The filing is a routine proxy statement with no immediate financial or operational disclosures that would indicate high risk.
Analyst Insight
Stockholders should review the proposed 2024 Incentive Compensation Plan and the ratification of the independent auditor before voting.
Key Numbers
- June 17, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders)
- 9:00 a.m. Eastern Time — Annual Meeting Time (2024 Annual Meeting of Stockholders)
- June 16, 2024 — Pre-registration Deadline (To participate in the 2024 Annual Meeting)
Key Players & Entities
- NOCOPI TECHNOLOGIES INC/MD/ (company) — Filer name
- Morison Cogen, LLP (company) — Independent registered public accounting firm
- June 17, 2024 (date) — Date of Annual Meeting
- June 16, 2024 (date) — Pre-registration deadline
- 2024 Incentive Compensation Plan (other) — Proposal to be voted on
FAQ
When did NOCOPI TECHNOLOGIES INC/MD/ file this DEF 14A?
NOCOPI TECHNOLOGIES INC/MD/ filed this Proxy Statement (DEF 14A) with the SEC on April 30, 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 NOCOPI TECHNOLOGIES INC/MD/ (NNUP).
Where can I read the original DEF 14A filing from NOCOPI TECHNOLOGIES INC/MD/?
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 NOCOPI TECHNOLOGIES INC/MD/.
What are the key takeaways from NOCOPI TECHNOLOGIES INC/MD/'s DEF 14A?
NOCOPI TECHNOLOGIES INC/MD/ filed this DEF 14A on April 30, 2024. Key takeaways: Annual meeting to be held online via live webcast on June 17, 2024, at 9:00 a.m. ET.. Stockholders must pre-register by June 16, 2024, 9:00 a.m. ET to participate.. Key proposals include approval of the Nocopi Technologies, Inc. 2024 Incentive Compensation Plan..
Is NOCOPI TECHNOLOGIES INC/MD/ a risky investment based on this filing?
Based on this DEF 14A, NOCOPI TECHNOLOGIES INC/MD/ presents a moderate-risk profile. The filing is a routine proxy statement with no immediate financial or operational disclosures that would indicate high risk.
What should investors do after reading NOCOPI TECHNOLOGIES INC/MD/'s DEF 14A?
Stockholders should review the proposed 2024 Incentive Compensation Plan and the ratification of the independent auditor before voting. The overall sentiment from this filing is neutral.
How does NOCOPI TECHNOLOGIES INC/MD/ compare to its industry peers?
Nocopi Technologies operates in the manufacturing sector, specifically within the 'Games, Toys & Children's Vehicles' SIC code.
Are there regulatory concerns for NOCOPI TECHNOLOGIES INC/MD/?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
Industry Context
Nocopi Technologies operates in the manufacturing sector, specifically within the 'Games, Toys & Children's Vehicles' SIC code.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the details of the 2024 Incentive Compensation Plan before voting.
- Confirm the ratification of Morison Cogen, LLP as the independent auditor.
- Ensure timely pre-registration for the virtual annual meeting by June 16, 2024.
Key Dates
- 2024-06-17: 2024 Annual Meeting of Stockholders — Key date for stockholder voting and participation.
- 2024-04-30: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Glossary
- DEF 14A
- Definitive Proxy Statement filed with the SEC. (Indicates the type of filing and its purpose for informing shareholders.)
- 2024 Incentive Compensation Plan
- A plan to incentivize employees through compensation, likely involving stock options or awards. (Directly impacts employee motivation and potential future dilution.)
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard proxy statement for an upcoming annual meeting, not a comparison to a prior filing.
Filing Stats: 4,898 words · 20 min read · ~16 pages · Grade level 9.9 · Accepted 2024-04-30 16:15:52
Key Financial Figures
- $0.01 — 1,178 shares of common stock, par value $0.01 per share (the “ common stock &rd
Filing Documents
- nnup_def14a.htm (DEF 14A) — 374KB
- image_001.jpg (GRAPHIC) — 265KB
- image_002.jpg (GRAPHIC) — 128KB
- 0001079973-24-000622.txt ( ) — 917KB
From the Filing
DEF 14A 1 nnup_def14a.htm DEFINITIVE 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) 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 Material Soliciting Material under §240.14a–12 Nocopi Technologies, Inc. (Name of Registrant as Specified in its Charter) N/A (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 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 NOCOPI TECHNOLOGIES, INC. 480 Shoemaker Road, Suite 104, King of Prussia, PA 19406 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 17, 2024 April 30, 2024 Dear Stockholder: The 2024 Annual Meeting of Stockholders (the “ 2024 Annual Meeting ”) of Nocopi Technologies, Inc. (the “ Company ” or “ Nocopi ”) will be held online via a live webcast, at 9:00 a.m. Eastern Time, on Monday, June 17, 2024, at www.cesonlineservices.com/nnup24_vm. There is no physical location for the 2024 Annual Meeting. To participate in the 2024 Annual Meeting, you must pre-register at www.cesonlineservices.com/nnup24_vm , by 9:00 a.m. Eastern Time, on Sunday, June 16, 2024. The formal notice of the 2024 Annual Meeting appears on the following page. The Proxy Statement describe the matters that we expect to be acted upon at the 2024 Annual Meeting. Management will be available to answer any questions you may have immediately after the 2024 Annual Meeting. Whether or not you choose to attend the 2024 Annual Meeting, it is important that your shares be represented. Regardless of the number of shares you own, please vote your shares before the 2024 Annual Meeting, by telephone or the Internet, if you received a Proxy card, sign, and date the proxy card and promptly return it to us in the postage paid envelope provided. If you sign and return your Proxy card without specifying your choices, your shares will be voted in accordance with the recommendations of the Company’s Board of Directors (the “ Board ”) contained in the Proxy Statement. At the 2024 Annual Meeting, you will be asked to consider and vote upon the following matters: 1. To consider and vote to approve the Nocopi Technologies, Inc. 2024 Incentive Compensation Plan (the “ 2024 Plan ”). This proposal is referred to as “ Proposal 1 ”. The Board recommends a vote FOR the approval of the 2024 Plan. 2. To ratify the appointment of Morison Cogen, LLP as our independent registered public accounting firm for the year ending December 31, 2024 (“ Proposal 2 ”). The Board recommends a vote FOR the ratification of the appointment of Morison Cogen, LLP as our independent registered public accounting firm for the year ending December 31, 2024. 3. To vote to approve, on an advisory, non-binding basis, the compensation of our named executive officers as disclosed in this proxy statement (“ Proposal 3 ”). The Board recommends a vote FOR the non-binding approval of the compensation of our named executive officers. 4. To consider and act upon any other matter that may properly come before the 2024 Annual Meeting or any adjournment thereof. There will be no election of new Director nominees at the 2024 Annual Meeting given the Class III Directors, whose term were to expire at the 2024 Annual Meeting, resigned from the Board prior to the 2024 Annual Meeting and the Company does not anticipate expanding the size of the Board at this time. The Board believes that a favorable vote for all the Proposals described in the Proxy Statement is in the best interest of the Company and its stockholders and recommends a vote “FOR” for Proposals 1, 2 and 3. Accordingly, we urge you to review the Proxy material carefully and to vote promptly. Instead of mailing a printed copy of our proxy materials to all of our stockholders, we provide access to these materials via the Internet. This reduces the amount of paper necessary to produce these materials as well as the costs associated with mailing these materials to all stockholders. Accordingly, on or about April 30, 2024, we will begin mailing a Notice of Internet Availability of Proxy Materials (the “ Notice ”) to all stockholders of record on our books at the close of business on April 15, 2024, the record date (the “ Record Date ”) for the 2024 Annual Meeting, and will post our proxy materials on the website referenced in the Notice. As more fully described in the Notice, stockholders m