Odyssey Marine Exploration Files Definitive Proxy Statement

TL;DR

<b>Odyssey Marine Exploration Inc. has filed its Definitive Proxy Statement for the period ending June 10, 2024.</b>

AI Summary

ODYSSEY MARINE EXPLORATION INC (OMEX) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Odyssey Marine Exploration Inc. filed a Definitive Proxy Statement (DEF 14A) on April 29, 2024. The filing covers the period ending June 10, 2024. The company's fiscal year ends on December 31. Odyssey Marine Exploration Inc. is incorporated in Nevada. The company's business address is in Tampa, Florida.

Why It Matters

For investors and stakeholders tracking ODYSSEY MARINE EXPLORATION INC, this filing contains several important signals. This filing is a routine requirement for publicly traded companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders should review this document to understand proposals, executive compensation, and director nominations before the annual meeting.

Risk Assessment

Risk Level: low — ODYSSEY MARINE EXPLORATION INC shows low risk based on this filing. The filing is a standard DEF 14A, indicating routine corporate governance disclosures rather than immediate financial or operational news.

Analyst Insight

Review the proxy statement for details on executive compensation, director elections, and any shareholder proposals to inform voting decisions.

Key Numbers

• 2024-04-29 — Filing Date (DEF 14A filing date)
• 2024-06-10 — Period of Report (Conformed period of report)
• 1231 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• ODYSSEY MARINE EXPLORATION INC (company) — FILER
• DEF 14A (document) — FORM TYPE
• 2024-04-29 (date) — FILED AS OF DATE
• 2024-06-10 (date) — CONFORMED PERIOD OF REPORT
• 0000798528 (company) — CENTRAL INDEX KEY
• NV (jurisdiction) — STATE OF INCORPORATION
• 1231 (date) — FISCAL YEAR END
• TAMPA (location) — CITY

FAQ

Industry Context

Odyssey Marine Exploration operates in the water transportation industry, focusing on deep-water exploration and recovery of shipwrecks.

Regulatory Implications

As a publicly traded company, Odyssey Marine Exploration is subject to SEC regulations, including the requirement to file proxy statements for shareholder meetings.

What Investors Should Do

1. Review the executive compensation details outlined in the proxy statement.
2. Examine the biographies and qualifications of director nominees.
3. Understand any shareholder proposals and the company's recommendation for voting.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard disclosure document for public companies regarding their annual shareholder meetings and related matters.

Filing Documents

• d749962ddef14a.htm (DEF 14A) — 637KB
• g749962g00m33.jpg (GRAPHIC) — 83KB
• g749962g00m34.jpg (GRAPHIC) — 95KB
• g749962g18g18.jpg (GRAPHIC) — 326KB
• g749962g19g19.jpg (GRAPHIC) — 103KB
• g749962g64o15.jpg (GRAPHIC) — 28KB
• g749962g65i24.jpg (GRAPHIC) — 48KB
• g749962g88m25.jpg (GRAPHIC) — 823KB
• 0001193125-24-119065.txt (&nbsp;) — 5199KB
• omex-20231231.xsd (EX-101.SCH) — 5KB
• omex-20231231_def.xml (EX-101.DEF) — 5KB
• omex-20231231_lab.xml (EX-101.LAB) — 8KB
• omex-20231231_pre.xml (EX-101.PRE) — 5KB
• d749962ddef14a_htm.xml (XML) — 131KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 17 Securities Reserved for Issuance under Equity Compensation Plans 18

EXECUTIVE COMPENSATION AND RELATED INFORMATION

EXECUTIVE COMPENSATION AND RELATED INFORMATION 20 Summary Compensation Table 21 Narrative Disclosure for Summary Compensation Table 22 Components and Results of 2022 Executive Compensation Plan 22 Pay Versus Performance 25 Other Policies and Practices Related to Executive Compensation 27 Outstanding Equity Awards at 2022 Year-End 28 Potential Payments Upon Termination or Change in Control 28 Director Compensation 29 Certain Relationships and Related Transactions 31 ODYSSEY MARINE EXPLORATION, INC.-2024 Proxy Statement Table of Contents Page No. PROPOSAL NO. 2 - RATIFICATION OF INDEPENDENT REGISTERED CERTIFIED PUBLIC ACCOUNTING FIRM 33 Independent Public Accounting Firm's Fee 33 Independence of Principal Accountant and Other Audit Committee Considerations 34 Policy on Audit Committee Pre-Approval 34 Recommendation of the Board of Directors 34 PROPOSAL NO. 3 – AMENDING THE 2019 STOCK INCENTIVE PLAN 35 General 35 Recommendation of the Board of Directors 38 PROPOSAL NO. 4 – ADVISORY VOTE ON EXECUTIVE COMPENSATION 39 General 39 Recommendation of the Board of Directors 39 STOCKHOLDER PROPOSALS FOR 2024 ANNUAL MEETING OF STOCKHOLDERS 40 CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS 40 PROXY SOLICITATION AND COSTS 40 STOCKHOLDERS SHARING THE SAME ADDRESS 40 FORM 10-K 41 WHERE YOU CAN FIND ADDITIONAL INFORMATION 41 OTHER MATTERS 42 ODYSSEY MARINE EXPLORATION, INC.-2024 Proxy Statement Table of Contents Odyssey Marine Exploration, Inc. 205 S. Hoover Boulevard, Suite 210 Tampa, Florida 33609 PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS These proxy materials are provided in connection with the solicitation of proxies by the Board of Directors (the "Board") of Odyssey Marine Exploration, Inc., a Nevada corporation (the "Company," "Odyssey," "we," "us," or "our"), for the Annual Meeting of Stockholders to be held at 9:30 a.m. (EDT

View Full Filing

View this DEF 14A filing on SEC EDGAR