N2OFF, Inc. Files Definitive Proxy Statement
Ticker: NXTS · Form: DEF 14A · Filed: Sep 19, 2024 · CIK: 1789192
Sentiment: neutral
Topics: proxy-statement, regulatory-filing, corporate-governance
TL;DR
N2OFF (fka Save Foods) filed its proxy statement. No fee. Standard stuff.
AI Summary
N2OFF, Inc. (formerly Save Foods, Inc.) filed a Definitive Proxy Statement (DEF 14A) on September 19, 2024. The company, incorporated in Nevada with its principal business address in New York, is in the Agriculture Chemicals sector. The filing indicates no fee was required for this filing.
Why It Matters
This filing is a standard regulatory requirement for public companies, providing shareholders with information for upcoming meetings and voting.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing, which typically contains standard corporate information and does not inherently signal new risks.
Key Players & Entities
- N2OFF, Inc. (company) — Registrant
- Save Foods, Inc. (company) — Former Company Name
- 20240919 (date) — Filing Date
- 156 FIFTH AVENUE 10TH FLOOR (address) — Business Address
- New York (location) — Business City
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for annual or special meetings, providing information about matters to be voted on.
When was N2OFF, Inc. previously known by another name?
N2OFF, Inc. was formerly known as Save Foods, Inc., with a name change effective April 10, 2023.
What is N2OFF, Inc.'s Standard Industrial Classification (SIC) code?
N2OFF, Inc.'s SIC code is 2870, which falls under Agriculture Chemicals.
Where is N2OFF, Inc. incorporated?
N2OFF, Inc. is incorporated in Nevada (NV).
Was there a fee required for this DEF 14A filing?
No fee was required for this filing, as indicated by the checkbox selection.
Filing Stats: 4,778 words · 19 min read · ~16 pages · Grade level 12.6 · Accepted 2024-09-19 06:27:31
Key Financial Figures
- $0.0001 — consist of our common stock, par value $0.0001 per share. The accompanying proxy is
Filing Documents
- formdef14a.htm (DEF 14A) — 449KB
- formdef14a_001.jpg (GRAPHIC) — 30KB
- 0001493152-24-037071.txt ( ) — 492KB
BUSINESS
BUSINESS 24 i ABOUT THE ANNUAL MEETING What is a proxy? A proxy is another person whom you legally designate to vote your stock. If you designate someone as your proxy in a written document, that document is also called a “proxy” or a “proxy card.” If you are a street name holder, you must obtain a proxy from your broker or intermediary in order to vote your shares in person at the Annual Meeting. What is a proxy statement? A proxy statement is a document that regulations of the Securities and Exchange Commission (the “SEC”) require that we give to you when we ask you to sign a proxy card to vote your stock at the Annual Meeting. What is the purpose of the Annual Meeting? At our Annual Meeting, stockholders will act upon the matters outlined in the Notice, including the following: (1) Election of two Class III directors to serve on our board of directors for a term of three years or until their successors are elected and qualified, for which Eliahou Arbib and Udi Kalifi are the nominees (the “Director Election Proposal”). (2) Approval of increase in shares available for issuance under the Save Foods, Inc. 2022 Share Incentive Plan (the “2022 Plan Amendment” and the “2022 Plan”, respectively). (3) Approval of the Authorized Share Amendment, to increase the aggregate number of authorized shares of our capital stock, from five hundred million (500,000,000) shares, consisting of four hundred million ninety-five thousand (495,000,000) shares of common stock and five million (5,000,000) shares of Preferred Stock, to ten billion five million (10,005,000,000) shares, consisting of ten billion (10,000,000,000) shares of common stock and five million (5,000,000) shares of preferred stock (the “Authorized Capital Increase Proposal”) (4) Advisory vote to approve a grant of shares to members of the Company’s board of directors, under the 2022 Plan, and subject t