Owens Corning Files Definitive Proxy Statement

Ticker: OC · Form: DEF 14A · Filed: Mar 7, 2024 · CIK: 1370946

Owens Corning DEF 14A Filing Summary
FieldDetail
CompanyOwens Corning (OC)
Form TypeDEF 14A
Filed DateMar 7, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$9.7 billion, $9.7b, $7.6 million
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Owens Corning, Corporate Governance, Shareholder Meeting

TL;DR

<b>Owens Corning has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

Owens Corning (OC) filed a Proxy Statement (DEF 14A) with the SEC on March 7, 2024. Owens Corning filed a Definitive Proxy Statement (DEF 14A) on March 7, 2024. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at One Owens Corning Parkway, Toledo, OH 43659. Owens Corning was incorporated in Delaware. The SIC code for Owens Corning is 3290 (Abrasive Asbestos & Misc Nonmetallic Mineral Products).

Why It Matters

For investors and stakeholders tracking Owens Corning, this filing contains several important signals. This filing is a standard requirement for publicly traded companies to provide shareholders with information regarding annual meetings, director nominations, executive compensation, and other corporate governance matters. Shareholders will use this document to make informed decisions when voting on proposals at the upcoming annual meeting, including the election of directors and advisory votes on executive compensation.

Risk Assessment

Risk Level: low — Owens Corning shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and shareholder proposals to understand management's strategy and governance practices.

Key Numbers

Key Players & Entities

FAQ

When did Owens Corning file this DEF 14A?

Owens Corning filed this Proxy Statement (DEF 14A) with the SEC on March 7, 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 Owens Corning (OC).

Where can I read the original DEF 14A filing from Owens Corning?

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 Owens Corning.

What are the key takeaways from Owens Corning's DEF 14A?

Owens Corning filed this DEF 14A on March 7, 2024. Key takeaways: Owens Corning filed a Definitive Proxy Statement (DEF 14A) on March 7, 2024.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal executive offices are located at One Owens Corning Parkway, Toledo, OH 43659..

Is Owens Corning a risky investment based on this filing?

Based on this DEF 14A, Owens Corning presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance information.

What should investors do after reading Owens Corning's DEF 14A?

Review the proxy statement for details on executive compensation, board nominations, and shareholder proposals to understand management's strategy and governance practices. The overall sentiment from this filing is neutral.

How does Owens Corning compare to its industry peers?

Owens Corning operates in the building materials sector, specifically focusing on insulation, roofing, and composite materials.

Are there regulatory concerns for Owens Corning?

As a publicly traded company, Owens Corning is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

Industry Context

Owens Corning operates in the building materials sector, specifically focusing on insulation, roofing, and composite materials.

Regulatory Implications

As a publicly traded company, Owens Corning is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Review the executive compensation details to assess alignment with company performance.
  2. Examine director nominations and qualifications.
  3. Analyze any shareholder proposals and management's recommendations.

Key Dates

Year-Over-Year Comparison

This is the initial filing of the 2024 DEF 14A, covering the 2023 fiscal year. Previous filings would cover prior periods.

Filing Stats: 4,387 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-03-07 16:24:22

Key Financial Figures

Filing Documents

Security Ownership of Executive Officers and Directors

Security Ownership of Executive Officers and Directors 29 Compensation Discussion and Analysis 30

Executive Compensation

Executive Compensation 30 Compensation Committee Report 50 Named Executive Officer Compensation 51 2023 Summary Compensation Table 51 2023 Grants of Plan-Based Awards Table 53 Narrative to 2023 Summary Compensation Table and 2023 Grants of Plan-Based Awards Table 55 CEO Pay Ratio 56 Pay Versus Performance 57 Outstanding Equity Awards at 2023 Fiscal Year-End Table 60 2023 Option Exercises and Stock Vested Table 61 2023 Pension Benefits Table 61 2023 Nonqualified Deferred Compensation Table 63 Potential Payments Upon Termination or Change-in-Control 63 2023 Non-Management Director Compensation 66 Equity Compensation Plan Information 67 Proposal 2. Ratification of the Selection of Independent Registered Public Accounting Firm 68 Proposal 3. Approval, on an Advisory Basis, of Our Named Executive Officer Compensation 69 Requirements, Including Deadlines, for Submission of Proxy Proposals, Nomination of Directors and Other Business of Stockholders 70 Questions and Answers About the Annual Meeting and Voting 72 Table of Contents COMPANY OVERVIEW ~18,000 Employees Owens Corning (the "Company," "we," "us," or "our"), a Delaware corporation, is a global building and construction materials leader committed to building a sustainable future through material innovation. The Company is comprised of three integrated businesses – Roofing, Insulation, and Composites – that provide durable, sustainable, energy-efficient solutions that leverage its unique material science, manufacturing, and market knowledge to help our customers win and grow. The Company also benefits from its high-performing teams, global footprint and scale, and safety and sustainability expertise across the enterprise. The Company manufactures and delivers a broad range of high-quality roofing, insulation, and fiberglass composite materials. Our roofing products and systems protect homes and commercial buildings, while enhancing curb appeal of people'

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing