Oculus Visiontech Files DEF 14A for FY2024
Ticker: OVTZ · Form: DEF 14A · Filed: Aug 20, 2024 · CIK: 1107280
| Field | Detail |
|---|---|
| Company | Oculus Visiontech Inc. (OVTZ) |
| Form Type | DEF 14A |
| Filed Date | Aug 20, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
TL;DR
OVTZ DEF 14A filed. Focus on exec pay & corp governance for FY24.
AI Summary
Oculus Visiontech Inc. filed a DEF 14A on August 20, 2024, for the fiscal year ending December 31, 2024. The filing details executive compensation and other corporate governance matters. The company, formerly known as USA Video Interactive Corp, is incorporated in Wyoming and headquartered in Vancouver.
Why It Matters
This filing provides crucial information for shareholders regarding executive compensation, director elections, and other significant corporate actions that can impact the company's future performance and stock value.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but the specific details within can reveal changes in executive compensation or governance that may signal future strategic shifts or potential risks.
Key Numbers
- 20240820 — Filing Date (Date the DEF 14A was submitted to the SEC.)
- 20240930 — Period of Report (The period covered by the information in this filing.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- OCULUS VISIONTECH INC. (company) — Filer
- USA VIDEO INTERACTIVE CORP (company) — Former Company Name
- 20240820 (date) — Filing Date
- 20240930 (date) — Period of Report
- 1231 (date) — Fiscal Year End
FAQ
What is the primary purpose of this DEF 14A filing for Oculus Visiontech Inc.?
The primary purpose of this DEF 14A filing is to provide shareholders with information regarding the company's annual meeting, including details on executive compensation, director nominations, and other corporate governance matters for the fiscal year ending December 31, 2024.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on August 20, 2024.
What is Oculus Visiontech Inc.'s fiscal year end?
Oculus Visiontech Inc.'s fiscal year ends on December 31st.
Has Oculus Visiontech Inc. operated under any previous names?
Yes, Oculus Visiontech Inc. was formerly known as USA VIDEO INTERACTIVE CORP, with a name change date of February 17, 2000, and also as OCULUS VISION TECH INC. with a name change date of February 1, 2012.
Where is Oculus Visiontech Inc. headquartered?
Oculus Visiontech Inc. is headquartered at 837 West Hastings Street, Suite 507, Vancouver, A1, V6C 3N6.
Filing Stats: 4,884 words · 20 min read · ~16 pages · Grade level 13.7 · Accepted 2024-08-20 17:00:47
Filing Documents
- ovtz20240819_def14a.htm (DEF 14A) — 516KB
- card01.jpg (GRAPHIC) — 243KB
- card02.jpg (GRAPHIC) — 189KB
- chart01.jpg (GRAPHIC) — 49KB
- logo.jpg (GRAPHIC) — 15KB
- 0001437749-24-027385.txt ( ) — 2390KB
- ovtz-20231231.xsd (EX-101.SCH) — 4KB
- ovtz-20231231_def.xml (EX-101.DEF) — 4KB
- ovtz-20231231_lab.xml (EX-101.LAB) — 6KB
- ovtz-20231231_pre.xml (EX-101.PRE) — 3KB
- ovtz20240819_def14a_htm.xml (XML) — 152KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information regarding the beneficial ownership of our common stock as of August 9, 2024, by: each person who is known by us to beneficially own more than 5% of our shares of common stock; and each executive officer, each director and all of our directors and executive officers as a group. The number of shares beneficially owned and the related percentages are based on 91,422,569 shares of common stock outstanding as of August 9, 2024. 4 For the purposes of the information provided below, Common Shares that may be issued upon the exercise or conversion of stock options, warrants and other rights to acquire shares of our common stock that are exercisable or convertible within 60 days following August 9, 2024, when there were deemed to be 91,422,569 shares of common stock (" Common Shares ") of the Company outstanding and beneficially owned by the stockholders for the purpose of computing the number of Common Shares and percentage ownership of each holder are reported below, but are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person. Name and Address of Beneficial Owner (1) Amount and Nature of Beneficial Ownership (1) Percentage of Beneficial Ownership Directors and Officers: Anton J. Drescher , Chief Financial Officer, Corporate Secretary and Director c/o #507, 837 West Hastings Street Vancouver, British Columbia, Canada, V6C 3N6 13,804,540 (2) 15.10% Maurice Loverso , Director c/o #507, 837 West Hastings Street Vancouver, British Columbia, Canada, V6C 3N6 Nil * Rowland Perkins , President, Chief Executive Officer and Director c/o #507, 837 West Hastings Street Vancouver, British Columbia, Canada, V6C 3N6 8,600,000 (3) 9.41% Tom Perovic , Director c/o #057, 837 West Hastings Street Vancouver, British Columbia, Canada, V6C 3N6 1,895,000 (4) 2.07% Ron Wages , Director c/o #507, 837