OneSpan Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>OneSpan Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending June 7, 2024.</b>

AI Summary

OneSpan Inc. (OSPN) filed a Proxy Statement (DEF 14A) with the SEC on April 23, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for OneSpan Inc. The filing covers the period ending June 7, 2024. The company's fiscal year ends on December 31. OneSpan Inc. was formerly known as VASCO DATA SECURITY INTERNATIONAL INC. The filing includes information related to executive compensation and equity awards.

Why It Matters

For investors and stakeholders tracking OneSpan Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential impacts on company performance. Shareholders can use this information to make informed voting decisions on matters presented at the annual meeting.

Risk Assessment

Risk Level: — OneSpan Inc. shows moderate risk based on this filing. The filing is a routine proxy statement, providing information to shareholders rather than announcing new material events, thus posing low risk.

Analyst Insight

Shareholders should review the executive compensation details and any proposals to be voted on at the upcoming meeting.

Key Numbers

• 2024-06-07 — Reporting Period End (Conformed period of report)
• 2024-04-23 — Filing Date (Date the filing was made)
• 1231 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• OneSpan Inc. (company) — Filer of the DEF 14A
• VASCO DATA SECURITY INTERNATIONAL INC (company) — Former name of OneSpan Inc.
• 3127664001 (dollar_amount) — Business phone number

FAQ

Industry Context

OneSpan Inc. operates in the software and IT services sector, specifically focusing on digital identity and transaction security solutions.

Regulatory Implications

The filing is a standard regulatory disclosure required by the SEC for public companies, particularly concerning shareholder meetings and corporate governance.

What Investors Should Do

1. Review the detailed executive compensation packages outlined in the filing.
2. Understand the proposals to be voted on by shareholders at the upcoming meeting.
3. Assess any changes in corporate governance practices mentioned in the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for annual meetings and does not represent a change from previous filings of the same type.

Key Financial Figures

• $0.001 — ares of OneSpan common stock, par value $0.001 per share (our "Common Stock" or "Compa

Filing Documents

• ospn-20240422.htm (DEF 14A) — 1202KB
• ospn-20240422_g1.jpg (GRAPHIC) — 128KB
• ospn-20240422_g2.jpg (GRAPHIC) — 106KB
• 0001628280-24-017377.txt (&nbsp;) — 2770KB
• ospn-20240422.xsd (EX-101.SCH) — 3KB
• ospn-20240422_def.xml (EX-101.DEF) — 3KB
• ospn-20240422_lab.xml (EX-101.LAB) — 3KB
• ospn-20240422_pre.xml (EX-101.PRE) — 2KB
• ospn-20240422_htm.xml (XML) — 304KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT 23 DELINQUENT SECTION 16(A) REPORTS 25 EQUITY COMPENSATION PLAN INFORMATION 25 REPORT OF THE AUDIT COMMITTEE 26 FEES PAID TO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 202 3 AND 202 2 27

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 27 Compensation Committee Report 27 Compensation Discussion and Analysis 27 202 3 Summary Compensation Table 36 202 3 Grants of Plan-Based Awards Table 38 Outstanding Equity Awards at 202 3 Fiscal Year-End Table 39 202 3 Stock Vested Table 40 Potential Payments Upon Termination or Change in Control 40 Pay Versus Performance 44 CEO Pay Ratio 48 DIRECTOR COMPENSATION 48 202 3 Director Compensation Table 49 Director Stock Ownership Policy 49 Insider Trading Policy 49 Transactions With Related Persons 49 OTHER MATTERS 50 Costs of Solicitation 50 Stockholder Proposals for Our 202 5 Proxy Materials 50 Director Nominations by Stockholders and Stockholder Proposals of Other Business 50 Annual Report 51 Cautionary Note Regarding Forward-Looking Statements 51 Incorporation by Reference 51 Other Matters 51 APPENDIX A 52 PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS TO BE HELD JUNE 7, 2024 This proxy statement (this "Proxy Statement") is furnished in connection with the solicitation of proxies by the board of directors (our "Board") of OneSpan Inc., a Delaware corporation (the "Company," "OneSpan," "we," "us" or "our"), for use at our annual meeting of stockholders to be held on June 7, 2024 at 10:00 a.m. Eastern Daylight Time (including any adjournments, postponements or continuations thereof, the "Annual Meeting"), which will be held in a virtual meeting format only, via a live webcast that can be accessed by visiting www.virtualshareholdermeeting.com/OSPN2024. Holders of record of shares of OneSpan common stock, par value $0.001 per share (our "Common Stock" or "Company common stock"), at the close of business on April 9, 2024 will be entitled to vote on all matters to properly come before the Annual Meeting. Each share of our Common Stock is entitled to one vote. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE

View Full Filing

View this DEF 14A filing on SEC EDGAR