Optical Cable Corp. Announces Annual Shareholder Meeting on March 26, 2024
Ticker: OCC · Form: DEF 14A · Filed: Feb 27, 2024 · CIK: 1000230
| Field | Detail |
|---|---|
| Company | Optical Cable CORP (OCC) |
| Form Type | DEF 14A |
| Filed Date | Feb 27, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $436 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: Annual Meeting, Shareholder Vote, Executive Compensation, Board of Directors, Proxy Statement
TL;DR
<b>Optical Cable Corporation invites shareholders to its annual meeting on March 26, 2024, to elect directors and approve executive compensation.</b>
AI Summary
OPTICAL CABLE CORP (OCC) filed a Proxy Statement (DEF 14A) with the SEC on February 27, 2024. Optical Cable Corporation (OCC) will hold its annual shareholder meeting on March 26, 2024, at 10:00 a.m. local time in Roanoke, Virginia. Shareholders will vote on electing the company's board of directors. Shareholders will also vote on a non-binding advisory basis to approve the compensation of named executive officers. The company encourages shareholders to vote by proxy, online at proxyvote.com, or in person. The last method of voting will be the one counted by the company.
Why It Matters
For investors and stakeholders tracking OPTICAL CABLE CORP, this filing contains several important signals. Shareholder participation is crucial for electing the board of directors and approving executive compensation, directly impacting corporate governance and management alignment. The meeting provides an opportunity for shareholders to receive updates on the company's affairs and engage with leadership.
Risk Assessment
Risk Level: low — OPTICAL CABLE CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational disclosures that would indicate significant risk.
Analyst Insight
Shareholders should review the nominated director slate and executive compensation details before the March 26, 2024 meeting to make informed voting decisions.
Key Numbers
- March 26, 2024 — Annual Meeting Date (Date of the annual meeting of shareholders.)
- 10:00 a.m. — Meeting Time (Time the annual meeting will commence.)
Key Players & Entities
- Optical Cable Corporation (company) — Registrant and filer of the proxy statement.
- OCC (company) — Abbreviation for Optical Cable Corporation.
- March 26, 2024 (date) — Date of the annual shareholder meeting.
- Neil D. Wilkin, Jr. (person) — Chairman of the Board of Directors, President and Chief Executive Officer.
- proxyvote.com (company) — Website for online proxy voting.
- Roanoke, Virginia (location) — Location of the company's headquarters and the annual meeting.
FAQ
When did OPTICAL CABLE CORP file this DEF 14A?
OPTICAL CABLE CORP filed this Proxy Statement (DEF 14A) with the SEC on February 27, 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 OPTICAL CABLE CORP (OCC).
Where can I read the original DEF 14A filing from OPTICAL CABLE CORP?
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 OPTICAL CABLE CORP.
What are the key takeaways from OPTICAL CABLE CORP's DEF 14A?
OPTICAL CABLE CORP filed this DEF 14A on February 27, 2024. Key takeaways: Optical Cable Corporation (OCC) will hold its annual shareholder meeting on March 26, 2024, at 10:00 a.m. local time in Roanoke, Virginia.. Shareholders will vote on electing the company's board of directors.. Shareholders will also vote on a non-binding advisory basis to approve the compensation of named executive officers..
Is OPTICAL CABLE CORP a risky investment based on this filing?
Based on this DEF 14A, OPTICAL CABLE CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational disclosures that would indicate significant risk.
What should investors do after reading OPTICAL CABLE CORP's DEF 14A?
Shareholders should review the nominated director slate and executive compensation details before the March 26, 2024 meeting to make informed voting decisions. The overall sentiment from this filing is neutral.
How does OPTICAL CABLE CORP compare to its industry peers?
Optical Cable Corporation operates in the manufacturing sector, specifically drawing and insulating nonferrous wire.
Are there regulatory concerns for OPTICAL CABLE CORP?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.
Industry Context
Optical Cable Corporation operates in the manufacturing sector, specifically drawing and insulating nonferrous wire.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.
What Investors Should Do
- Review the nominated director candidates and their qualifications.
- Examine the details of the executive compensation plan.
- Submit proxy vote by mail, online, or attend in person to ensure representation.
Key Dates
- 2024-03-26: Annual Meeting of Shareholders — Election of directors and advisory vote on executive compensation.
Year-Over-Year Comparison
This is a DEF 14A filing for the annual shareholder meeting, providing details on upcoming votes and not comparative financial performance from a prior filing.
Filing Stats: 4,561 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2024-02-27 08:00:10
Key Financial Figures
- $436 million — reat to Danaher Corporation in 2007 for $436 million. Mr. Nygren joined ChemTreat in 1976 as
Filing Documents
- occ20240216_def14a.htm (DEF 14A) — 474KB
- c01.jpg (GRAPHIC) — 1KB
- comp01.jpg (GRAPHIC) — 66KB
- comp02.jpg (GRAPHIC) — 59KB
- f01.jpg (GRAPHIC) — 1KB
- m01.jpg (GRAPHIC) — 1KB
- occ20230214_def14aimg001.jpg (GRAPHIC) — 5KB
- occ20230214_def14aimg002.jpg (GRAPHIC) — 5KB
- 0001437749-24-005626.txt ( ) — 666KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 16 Overview 16 Compensation Philosophy and Strategy 17 Compensation Committee Role 17 Compensation Philosophy 17 Compensation Strategy 18 Say on Pay Results and Considerations 19 Criteria for Compensation Levels 19 Methodology of Determining Executive Compensation 20 Clawback Policy 21 Compensation of Executive Officers 22 Base Salary 22 Table of Contents Annual Short-term Incentive Opportunity 22 Long-term Equity Incentive Compensation 22 Summary Compensation Table 23 Stock Option Grants 23 Outstanding Equity Awards Table at Fiscal Year End 23 Stock Option Exercises 23 Summary of Equity Compensation Plans 24 Equity Compensation Plan Information 24 Equity Ownership and Retention Policy for the Leadership Team 25 Pay versus Performance 26 Relationship Between Compensation Actually Paid and Company Performance 27 Employment Agreements 28 Section 162(m) of the Internal Revenue Code 28 REPORT OF THE AUDIT COMMITTEE 29 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 31 Principal Accounting Fees 31 Audit Committee Pre-Approval of Audit and Permissible Non-audit Services of Independent Registered Public Accounting Firm 31 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 31 OTHER MATTERS 31 ENVIRONMENTAL, SOCIAL AND GOVERNANCE MATTERS 32 NOMINATIONS AND PROPOSALS BY SHAREHOLDERS FOR 2025 ANNUAL MEETING 32 Proposals for Inclusion in the Company's Proxy Statement 33 Nominations and Proposals not Included in the Company's Proxy Statement but Intended to be Brought Before the Company's Annual Meeting 33 ANNUAL REPORT 33 FURTHER INFORMATION 34 Table of Contents PROXY SUMMARY This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider. Please read the entire Proxy Statement carefully before voting. Annual Shareholders M