Omega Flex, Inc. Files Definitive Proxy Statement for 2023 Fiscal Year

TL;DR

<b>Omega Flex, Inc. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>

AI Summary

Omega Flex, Inc. (OFLX) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. Omega Flex, Inc. filed a DEF 14A form on April 26, 2024, reporting on its 2023 fiscal year. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at 451 Creamery Way, Exton, PA 19341. The SIC code for Omega Flex, Inc. is 3430 (HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES). The filing includes data related to pension benefits and stock awards for the years 2020 through 2023.

Why It Matters

For investors and stakeholders tracking Omega Flex, Inc., this filing contains several important signals. This filing is crucial for shareholders as it details executive compensation, board nominations, and other important corporate governance matters to be voted on at the annual meeting. The inclusion of detailed pension and stock award data provides transparency into the company's long-term incentive structures and employee benefit plans.

Risk Assessment

Risk Level: low — Omega Flex, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation packages and vote on proposals at the upcoming annual meeting.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-26 — Filing Date (Filed as of date)
• 3430 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Omega Flex, Inc. (company) — Filer name
• 451 Creamery Way (location) — Business and mailing address
• Exton, PA (location) — Business and mailing address
• PA (location) — State of incorporation

FAQ

Industry Context

Omega Flex, Inc. operates in the heating equipment, except electric, warm air, and plumbing fixtures sector.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for companies soliciting proxies from shareholders for annual or special meetings.

What Investors Should Do

1. Review the detailed executive compensation breakdown in the proxy statement.
2. Understand the proposals to be voted on at the shareholder meeting.
3. Assess any changes in board composition or governance policies.

Key Dates

• 2024-04-26: Filing Date — Definitive Proxy Statement (DEF 14A) filed for the 2023 fiscal year.
• 2023-12-31: Fiscal Year End — The reporting period covered by the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for annual shareholder meetings, and does not represent a change from previous filings of this type.

Filing Documents

• formdef14a.htm (DEF 14A) — 690KB
• formdef14a_001.jpg (GRAPHIC) — 5KB
• formdef14a_002.jpg (GRAPHIC) — 36KB
• formdef14a_004.jpg (GRAPHIC) — 68KB
• formdef14a_005.jpg (GRAPHIC) — 52KB
• formdef14a_006.jpg (GRAPHIC) — 56KB
• 0001493152-24-016065.txt (&nbsp;) — 1897KB
• oflx-20231231.xsd (EX-101.SCH) — 7KB
• oflx-20231231_def.xml (EX-101.DEF) — 12KB
• oflx-20231231_lab.xml (EX-101.LAB) — 69KB
• oflx-20231231_pre.xml (EX-101.PRE) — 45KB
• formdef14a_htm.xml (XML) — 143KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 OMEGA FLEX, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 April 26, 2024 Dear Shareholders: It is my pleasure to invite you to the 2024 annual meeting of the shareholders of Omega Flex, Inc. We will hold the meeting on Thursday, June 13, 2024, at 10:00 a.m. Eastern Time, at The Union League of Philadelphia, 140 South Broad Street, Philadelphia, PA 19102. At the annual meeting, we will discuss each item of business described in the notice of annual meeting and in the accompanying proxy statement and give a report on our business operations. There will also be time for your questions. You will have received a notice of internet availability, which directs you to our website to access the proxy statement and annual report through the internet at www.envisionreports.com/OFLX for registered shareholders, or www.edocumentview.com/OFLX for shares held through a banker or broker. You can also request a paper copy of these documents by following the instructions in that notice. This booklet contains the proxy statement and a notice of annual meeting. The proxy statement provides information about the business we will conduct at the annual meeting, in addition to describing our directors and management. Also available on our website is a copy of our Annual Report, which includes information about our business and our 2023 financial results. We hope you will be able to attend the annual meeting. If you need special assistance at the meeting, please contact our Corporate Secretary at the address shown on the next page. Whether or not you expect to attend, please vote your shares using any of the following methods: Vote by telephone or the internet, as described in the instructions on the notice of internet availability; Request a proxy card; sign, date and return the proxy card in the prepaid envelope; or Vote in person at the meeting. We look forward to your participation at the annual meeting, and thank you for investing in Omega Flex, Inc. Sincerely, Dean W. Rivest, Chief Executive Officer Notice of 2024 Annual Meeting of Stockholders Time and Place The Annual Meeting of Shareholders (the "Annual Meeting") of Omega Flex, Inc. will be held on Thursday, June 13, 2024, at 10:00 a.m. Eastern Time, at The Union League of Philadelphia, 140 South Broad Street, Philadelphia, PA 19102. You are entitled to participate in the Annual Meeting if you were a "registered shareholder" at the close of business on April 3, 2024, the record date, or hold a legal proxy for the meeting provided by your bank, broker, or nominee ("beneficial Record Date April 3, 2024 . Only shareholders of record of our common stock at the close of business on the record date are entitled to receive notice of, and to vote at, the Annual Meeting and any adjournments or postponements of the meeting. Items of Business To elect two Class 1 nominees as directors to our Board of Directors; To ratify the selection of RSM US LLP as our independent auditor for 2024; and To transact any other business as may properly come before the Annual Meeting or any adjournments or postponements of the meeting. Proxy Materials Attached to this notice you will find a proxy statement that contains further information about the Annual Meeting and items upon which you will be asked to vote. Your vote is very important —you may vote via the Internet, by telephone, or by completing and mailing a proxy or voting card as explained in the attached proxy statement. Proxy Voting Even if you plan to attend the Annual Meeting, we encourage you to vote via the Internet, by telephone, or by completing and mailing your proxy card prior to the Annual Meeting. If you later choose to revoke your proxy or change your vote, you may do so by following the procedures described in the "Solicitation and Revocation of Proxies" section in the attached proxy Access to Proxy Materials A Notice Regarding the Availability of Proxy Materials (the "Notice") containing instructions on how to access proxy materials (including our proxy statement and Annual Report) was first mailed on or about April 26, 2024, to all shareholders entitled to vote at the Annual Meeting, and the proxy materials were posted on o

View Full Filing

View this DEF 14A filing on SEC EDGAR