Novanta Inc. Files Definitive Proxy Statement

TL;DR

<b>Novanta Inc. has filed its Definitive Proxy Statement for the period ending May 8, 2024, detailing executive compensation and equity award information.</b>

AI Summary

NOVANTA INC (NOVTU) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Novanta Inc. filed a Definitive Proxy Statement (DEF 14A) on April 3, 2024. The filing covers the period ending May 8, 2024. The company's principal executive offices are located at 125 Middlesex Turnpike, Bedford, MA 01730. Novanta Inc. was formerly known as GSI Group Inc. and GSI Lumonics Inc. The filing includes data related to equity awards and their fair value changes for executive and non-executive members over several fiscal years (2020-2023).

Why It Matters

For investors and stakeholders tracking NOVANTA INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, equity awards, and voting matters, enabling informed decisions at the upcoming shareholder meeting. The detailed breakdown of equity award values and changes over multiple years (2020-2023) allows for an analysis of executive compensation trends and performance alignment.

Risk Assessment

Risk Level: low — NOVANTA INC shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.

Analyst Insight

Review the executive compensation details and equity award valuations to understand potential impacts on shareholder value and executive incentives.

Key Numbers

• 2024-05-08 — CONFORMED PERIOD OF REPORT (DEF 14A)
• 2024-04-03 — FILED AS OF DATE (DEF 14A)
• 2023-12-31 — FISCAL YEAR END (COMPANY DATA)
• 2020-01-01 — Start Date for Equity Award Data (ECD Data)
• 2023-12-31 — End Date for Equity Award Data (ECD Data)

Key Players & Entities

• NOVANTA INC (company) — FILER
• 125 MIDDLESEX TURNPIKE (address) — BUSINESS ADDRESS
• BEDFORD (location) — BUSINESS ADDRESS CITY
• MA (location) — BUSINESS ADDRESS STATE
• 01730 (postal_code) — BUSINESS ADDRESS ZIP
• GSI GROUP INC (company) — FORMER COMPANY
• GSI LUMONICS INC (company) — FORMER COMPANY
• 20240403 (date) — FILED AS OF DATE

FAQ

Industry Context

Novanta Inc. operates in the Miscellaneous Electrical Machinery, Equipment & Supplies sector.

Regulatory Implications

The filing is a DEF 14A, a standard SEC filing required for public companies soliciting proxies from shareholders.

What Investors Should Do

1. Analyze the executive compensation structure and equity award details presented in the filing.
2. Review the historical data on equity award fair value changes to assess compensation trends.
3. Note the company's former names and incorporation details for historical context.

Key Dates

• 2024-04-03: Filing Date — Filing of Definitive Proxy Statement (DEF 14A)
• 2024-05-08: Reporting Period End Date — Definitive Proxy Statement covers this period.
• 2023-12-31: Fiscal Year End — Company's fiscal year end.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure. No specific comparison to a prior filing's content is available from the provided data.

Filing Documents

• novt-20240402.htm (DEF 14A) — 1444KB
• img41433556_0.jpg (GRAPHIC) — 1079KB
• img41433556_1.jpg (GRAPHIC) — 281KB
• img41433556_2.jpg (GRAPHIC) — 75KB
• img41433556_3.jpg (GRAPHIC) — 83KB
• img41433556_4.jpg (GRAPHIC) — 116KB
• img41433556_5.jpg (GRAPHIC) — 77KB
• img41433556_6.jpg (GRAPHIC) — 228KB
• img41433556_7.jpg (GRAPHIC) — 233KB
• img41433556_8.jpg (GRAPHIC) — 229KB
• img41433556_9.jpg (GRAPHIC) — 191KB
• img41433556_10.jpg (GRAPHIC) — 726KB
• img41433556_11.jpg (GRAPHIC) — 290KB
• 0000950170-24-040709.txt (&nbsp;) — 10274KB
• novt-20240402.xsd (EX-101.SCH) — 36KB
• novt-20240402_htm.xml (XML) — 285KB

–Election of Directors

Item 1–Election of Directors 6

–Advisory Vote on the Company's Executive Compensation

Item 2–Advisory Vote on the Company's Executive Compensation 12

–Appointment of Independent Registered Public Accounting Firm

Item 3–Appointment of Independent Registered Public Accounting Firm 15 Executive Officers 18 Corporate Governance 20 Director Compensation 31 Compensation Discussion and Analysis 35

Executive Compensation

Executive Compensation 47 CEO Pay Ratio 68 Pay Versus Performance Disclosure 69

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 75 Certain Relationships 78 Other Matters 79 Novanta Inc. 125 Middlesex Turnpike Bedford, Massachusetts 01730 (781) 266-5700 Management Proxy Circular In formation concerning voting and solicitation Novanta Inc., a New Brunswick corporation, which, together with its subsidiaries, we refer to in this management proxy circular as the "Company", will hold its annual meeting of shareholders (the "2024 Annual Meeting") online at 3:00 p.m. Eastern Time on Wednesday, May 8, 2024 at www.virtualshareholdermeeting.com/NOVT2024 . You will be able to attend the 2024 Annual Meeting by visiting www.virtualshareholdermeeting.com/NOVT2024 and logging in using the 16-digit control number included in your proxy card or on the instructions that accompanied your proxy materials. You will be able to vote and ask questions online as you would if you were to attend the meeting in person. This management proxy circular and the enclosed proxy form are furnished in connection with the solicitation of proxies by the Board of Directors (the "Board") of the Company for use at the meeting. The solicitation will be made by mail, but proxies may also be solicited personally, by telephone or by email or other electronic means by directors, officers or other employees of the Company. The cost of solicitation has been or will be borne by the Company. The Company may also pay brokers or nominees holding common shares of the Company in their names or in the names of their principals for their reasonable expenses in sending solicitation material to their principals. The notice of the meeting, this management proxy circular, the proxy form and a copy of the Company's annual report for the fiscal year ended December 31, 2023 (the "2023 Annual Report") will be forwarded on or about Monday, April 8, 2024 to the holders of the Company's common shares as of the close of business on Monday, March 25, 2024 (the "Record Da

View Full Filing

View this DEF 14A filing on SEC EDGAR