Owlet, Inc. Files Proxy Statement Supplement

TL;DR

Owlet (OWLT) filed proxy docs, shareholders get more info for voting.

AI Summary

Owlet, Inc. filed a Definitive Additional Materials proxy statement on July 10, 2024, related to its Schedule 14A filing. This filing concerns the company's proxy materials, indicating ongoing corporate governance and shareholder communication activities. The document is a supplement to previous filings, suggesting updates or additional information being provided to shareholders.

Why It Matters

This filing provides shareholders with updated or additional information regarding Owlet, Inc.'s corporate matters, which is crucial for informed voting and participation in company decisions.

Risk Assessment

Risk Level: low — This is a routine SEC filing (DEFA14A) for proxy materials, not indicating any immediate financial or operational risks.

Key Players & Entities

• Owlet, Inc. (company) — Registrant
• 0001628280-24-031587 (filing_id) — Accession Number for the filing
• 20240710 (date) — Filing date
• Sandbridge Acquisition Corp (company) — Former company name

FAQ

Key Financial Figures

• $300,000 — d's annual base salary was increased to $300,000 and her annual cash bonus opportunity w
• $200,000 — ty award with a target value of between $200,000 to $300,000 at the time of grant in the
• $9,014.42 — us for six months at the weekly rate of $9,014.42 (less applicable tax withholding), (ii)
• $50,000 — ll be entitled to receive an additional $50,000 representing the difference between the

Filing Documents

• a2024defa14a-supplement202.htm (DEFA14A) — 28KB
• image.jpg (GRAPHIC) — 558KB
• image1.jpg (GRAPHIC) — 7KB
• image2.jpg (GRAPHIC) — 1461KB
• 0001628280-24-031587.txt ( ) — 2816KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) 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 Under 240.14a-12 Owlet, 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. OWLET, INC. SUPPLEMENT TO THE DEFINITIVE PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON FRIDAY, AUGUST 16, 2024 July 10, 2024 Dear Owlet Stockholder, The proxy statement for the 2024 Annual Meeting of Stockholders (the "Proxy Statement") of Owlet, Inc., a Delaware corporation (the "Company"), to be held at 100 p.m. (Eastern Time) on Friday, August 16, 2024 (the "Annual Meeting"), was filed with the U.S. Securities and Exchange Commission (the "Commission") on July 3, 2024. Since then, there have been developments regarding the management of the Company. We are reaching out to you to describe these recent events and to supplement portions of the Proxy Statement as set forth in this Supplement to the Proxy Statement. The Supplement should be read in conjunction with the Proxy Statement. The Proxy Statement filed with the Commission on July 3, 2024 also appended a form of proxy card related to the Annual Meeting (the "Form of Proxy Card"). The Form of Proxy Card inadvertently omitted reference to the Company's Proposal 2 to approve an amendment to the Owlet, Inc. 2021 Incentive Award Plan to increase the number of shares of common stock reserved for issuance under the 2021 Plan (the "Plan Amendment Proposal"). Accordingly, the purpose of filing this Supplement is also to correct the version of the Form of Proxy Card filed with the Commission. Please note that the proxy card that was mailed and made available to the Company's stockholders correctly included the Plan Amendment Proposal and, thus, no changes have been made to the proxy card that was mailed and made available to the Company's stockholders. Except as described above and below, this Supplement does not otherwise modify or update any other disclosures in the Proxy Statement. Recent Developments Chief Financial Officer Transition As disclosed in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on July 9, 2024, on July 8, 2024, the Board of Directors (the "Board") of the Company appointed Amanda Twede Crawford, the Company's current Vice President, Financial Planning and Analysis, to serve as the Company's Chief Financial Officer and principal financial officer and principal accounting officer, effective July 9, 2024, to succeed Kathryn Scolnick in these positions. Ms. Scolnick, the Company's Chief Financial Officer and principal financial officer and principal accounting officer, transitioned out of these positions effective July 9, 2024, but will remain employed by the Company in an advisory role through September 6, 2024 (the "Separation Date") to provide transition support. Ms. Crawford, age 37, has served as the Company's Vice President, Financial Planning and Analysis from March 2022 to July 2024. Prior to joining the Company, Ms. Crawford served in various positions at Swire Coca-Cola, USA, a beverages company ("Coca-Cola"). From February 2020 to March 2022, Ms. Crawford served as the Vice President of Finance at Coca-Cola and, from July 2014 to February 2020 she served as Coca-Cola's Vice President, Corporate Controller. During her tenure at Coca-Cola, Ms. Crawford had responsibility for financial accounting and reporting, financial statement audit, budget and financial forecasting processes, accounting operations, financial analysis, mergers acquisitions buy-side due diligence, risk management, and corporate insurance. Earlier in her career, Ms. Crawford was an Audit Associate with PricewaterhouseCoopers. Ms. Crawford is a Certified Public Accountant and holds a B.S. in Accounting and a Master of Accounting degree from the University of Utah's David Eccles School of Business. Crawford's Promotion Arrangement In connection with Ms. Crawford's appointment, on July 9, 2024, the Company and Ms. Crawford executed a promotion letter (the "Promotion Letter") pursuant to which Ms. Crawford's annual base salary was increased to $300,000 and her annual cash bonus opportunity was increased to 35% of her annual base salary bas

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View this DEFA14A filing on SEC EDGAR