NAPCO Security Files Proxy Statement for Dec. 12 Meeting
Ticker: NSSC · Form: DEF 14A · Filed: Oct 25, 2024 · CIK: 69633
| Field | Detail |
|---|---|
| Company | Napco Security Technologies, Inc (NSSC) |
| Form Type | DEF 14A |
| Filed Date | Oct 25, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $120,000, $70,000, $63,000, $77,000, $11,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, annual-meeting, governance
TL;DR
NAPCO proxy filed. Vote on directors & auditors Dec 12.
AI Summary
NAPCO Security Technologies, Inc. filed its definitive proxy statement on October 25, 2024, for its annual meeting of stockholders scheduled for December 12, 2024. The filing outlines the company's governance, executive compensation, and proposals to be voted on by shareholders. Key items likely include the election of directors and ratification of independent auditors.
Why It Matters
This filing provides shareholders with crucial information to make informed voting decisions on company leadership and strategic direction at the upcoming annual meeting.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) that provides information to shareholders and does not inherently present new financial risks.
Key Numbers
- 20241212 — Annual Meeting Date (Shareholders will vote on company matters on this date.)
- 20241025 — Filing Date (The proxy statement was officially filed with the SEC on this date.)
Key Players & Entities
- NAPCO SECURITY TECHNOLOGIES, INC. (company) — Registrant
- 20241212 (date) — Annual Meeting Date
- 20241025 (date) — Filing Date
- 333 BAYVIEW AVE AMITYVILLE NY 11701 (address) — Company Address
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used by companies to solicit proxy votes from shareholders for their annual or special meetings.
When is the NAPCO Security Technologies, Inc. annual meeting scheduled?
The annual meeting of stockholders for NAPCO Security Technologies, Inc. is scheduled for December 12, 2024.
Who is the filer of this proxy statement?
The filer of this proxy statement is NAPCO SECURITY TECHNOLOGIES, INC.
What is the company's fiscal year end?
The company's fiscal year ends on June 30.
What is the company's primary business address?
The company's business address is 333 BAYVIEW AVE, AMITYVILLE, NY 11701.
Filing Stats: 4,645 words · 19 min read · ~15 pages · Grade level 12.9 · Accepted 2024-10-25 16:18:16
Key Financial Figures
- $120,000 — 3. transactions involving less than $120,000 when aggregated with all similar transa
- $70,000 — ($) Total ($) Paul Stephen Beeber $70,000 $— — $70,000 Rick Lazio $70,000
- $63,000 — 000 $— — $70,000 Donna A. Soloway $63,000 $— — $63,000 Robert A. Ungar $70,
- $77,000 — 000 $— — $70,000 Andrew J. Wilder $77,000 $— — $77,000 (1) Each director who
- $11,000 — airman of the Audit Committee, receives $11,000 for each meeting. Ms. Soloway is not a
- $9,000 — a member of any committee and receives $9,000 for each meeting. All other directors,
- $10,000 — bers of the various committees, receive $10,000 for each meeting. (2) In accordance
Filing Documents
- ny20036223x1_def14a.htm (DEF 14A) — 574KB
- ny20036223x1_pc01.jpg (GRAPHIC) — 509KB
- ny20036223x1_pc02.jpg (GRAPHIC) — 388KB
- ny20036223x1_pvp-barchax14.jpg (GRAPHIC) — 167KB
- ny20036223x1_pvp-barchax15.jpg (GRAPHIC) — 155KB
- ny20036223x1_pvp-barchax16.jpg (GRAPHIC) — 135KB
- ny20036223x1_pvp-barchax17.jpg (GRAPHIC) — 200KB
- 0001140361-24-044270.txt ( ) — 5221KB
- nssc-20241212_lab.xml (EX-101.LAB) — 3KB
- nssc-20241212_pre.xml (EX-101.PRE) — 5KB
- nssc-20241212.xsd (EX-101.SCH) — 4KB
- nssc-20241212_def.xml (EX-101.DEF) — 3KB
- ny20036223x1_def14a_htm.xml (XML) — 229KB
: Demographic Background
Part II: Demographic Background African American or Black — 1 — — — 1 — — Alaskan Native or Native American — — — — — — — — Asian — — — — — — — — Hispanic or Latinx — — — — — — — — Native Hawaiian or Pacific Islander — — — — — — — — White 1 5 — — 1 6 — — Two or More Races or Ethnicities — — — — — — — — LGBTQ+ — — 5 CORPORATE GOVERNANCE AND BOARD MATTERS Independence of Directors The Board currently consists of seven directors, four of whom the Board has affirmatively determined have no relationship with the Company or its subsidiaries which would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and are independent as defined by the applicable NASDAQ Listing Standards. The four independent directors are Rick Lazio, David Paterson, Robert A. Ungar and Andrew J. Wilder. Board Leadership Structure The Board does not have a policy as to whether the roles of Chief Executive Officer and Chairman of the Board should be separate. The Board believes that it should be free to make a choice on the leadership structure of the Board from time to time in any manner that is in the best interests of the Company and its stockholders. Currently, and since 1998, Mr. Soloway has served as the Chairman of the Board and CEO. The Board of Directors has not elected a Lead Independent Director. Board Oversight of Risk The Company faces a variety of risks including strategic and operational risks, financial and liquidity risks, compliance risks, cyber-security risks and financial reporting risks. The Board exercises its oversight of the Company's risks through regular reports to the Audit Committee of the Board from the Chief Executive Officer, and other members of management on areas of material risk, actions and strategies to mitigate those risks and the effectiveness of those actions and strategies. In addition, the Board oversees risk through oversight by