National Presto Industries Inc. Files Definitive Proxy Statement

TL;DR

<b>National Presto Industries Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

NATIONAL PRESTO INDUSTRIES INC (NPK) filed a Proxy Statement (DEF 14A) with the SEC on April 16, 2024. Filing type: DEF 14A (Definitive Proxy Statement). Reporting period: Fiscal year ending December 31, 2023. Company name: NATIONAL PRESTO INDUSTRIES INC. Incorporation state: Wisconsin (WI). SIC code: 3480 (Ordnance & Accessories, excluding vehicles/guided missiles).

Why It Matters

For investors and stakeholders tracking NATIONAL PRESTO INDUSTRIES INC, this filing contains several important signals. This filing provides detailed information about the company's annual meeting, executive compensation, and matters to be voted on by shareholders. As a DEF 14A filing, it is a public document that shareholders and the market can use to understand corporate governance and executive remuneration.

Risk Assessment

Risk Level: low — NATIONAL PRESTO INDUSTRIES INC shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes, indicating a stable operational status.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand potential governance changes or management incentives.

Key Numbers

• 2024-05-21 — Conformed Period of Report (Proxy Statement)
• 2024-04-16 — Filed as of Date (Proxy Statement)
• 2023-12-31 — Fiscal Year End (Company Data)
• 3480 — Standard Industrial Classification (Company Data)

Key Players & Entities

• NATIONAL PRESTO INDUSTRIES INC (company) — Filer name
• 0000080172 (company) — Central Index Key
• 3925 N HASTINGS WAY (company) — Business Address Street 1
• EAU CLAIRE (company) — Business Address City
• WI (company) — Business Address State
• 54703 (company) — Business Address ZIP
• 7158392121 (company) — Business Phone
• 19710509 (company) — Date of Name Change

FAQ

Industry Context

National Presto Industries operates in the Ordnance & Accessories sector, manufacturing products for defense and consumer markets.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 14A-101, which governs the content of proxy statements.

What Investors Should Do

1. Review the list of nominees for the Board of Directors.
2. Examine the details of executive compensation packages and any proposed changes.
3. Note any shareholder proposals and the company's recommendation.

Year-Over-Year Comparison

This is a DEF 14A filing, indicating it is the definitive proxy statement, typically filed after preliminary versions and containing final information for shareholder meetings.

Filing Documents

• npk240366_def14a.htm (DEF 14A) — 329KB
• a2403661001_v1.jpg (GRAPHIC) — 22KB
• a2403661002_v1.jpg (GRAPHIC) — 21KB
• a2403661003_v1.jpg (GRAPHIC) — 128KB
• a2403661004_v1.jpg (GRAPHIC) — 111KB
• a2403661005_v1.jpg (GRAPHIC) — 280KB
• a2403661006_v1.jpg (GRAPHIC) — 181KB
• 0000897101-24-000135.txt (&nbsp;) — 2829KB
• npk-20231231.xsd (EX-101.SCH) — 4KB
• npk-20231231_def.xml (EX-101.DEF) — 7KB
• npk-20231231_lab.xml (EX-101.LAB) — 55KB
• npk-20231231_pre.xml (EX-101.PRE) — 41KB
• npk240366_def14a_htm.xml (XML) — 123KB

Business

Business Experience Director Since Nominee for Election to the Board – For A Term Ending 2027 Maryjo Cohen 71 Chair of the Board, President and Chief Executive Officer of the Company since May 1994. 1988 Ms. Cohen's day-to-day leadership and experience as Chief Executive Officer (CEO), as well as her 47 years as an employee of the Company, are invaluable to Board discussions and judgments required for decision-making that is in the best long-term interest of the Company and its stockholders. Directors Continuing In Office – For A Term Ending 2026 Randy F. Lieble 70 Director from December 2006 to August 2007 and December 2008 to present. Vice President from October 2004 to August 2007 and September 2008 to September 2019. Chief Financial Officer from November 1999 to August 2007 and September 2008 to September 2019. Treasurer from November 1995 to August 2007 and September 2008 to September 2019. Secretary from January 2009 to November 2009. 2008 Mr. Lieble's experience as Chief Financial Officer (CFO) and his 43 years as an employee of the Company during which he had been involved in virtually all phases of the business are invaluable to Board discussions and judgments required for decision-making that is in the best long-term interest of the Company and its stockholders. His background also enables him to act as the financial expert for the Company's Audit Committee. Joseph G. Stienessen 79 Retired Certified Public Accountant. Self-employed as an accounting advisor and consultant since July 2007. Former principal with Larson, Allen, Weishair and Company, LLP, a CPA firm, from October 2004 to July 2007; prior to November 2003, Managing Partner of Stienessen, Schlegel and Company, LLC. 2005 4 Mr. Stienessen has extensive knowledge and experience in the areas of accounting and finance. His expertise in those areas is invaluable to Board discussions, judgments required for decision-making that is in the best long-term interest of the Company

View Full Filing

View this DEF 14A filing on SEC EDGAR