Penumbra Inc. Announces 2024 Annual Meeting of Stockholders on June 5

TL;DR

<b>Penumbra, Inc. will hold its 2024 Annual Meeting of Stockholders on June 5, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>

AI Summary

Penumbra Inc (PEN) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. The 2024 Annual Meeting of Stockholders for Penumbra, Inc. will be held on June 5, 2024. Key agenda items include the election of Class III directors, ratification of PricewaterhouseCoopers LLP as independent auditors, and advisory approval of executive compensation. The meeting will take place at 11:00 a.m. Pacific Daylight Time at the company's campus in Alameda, CA. The record date for determining stockholders entitled to vote is April 12, 2024. The company is a Delaware corporation specializing in surgical and medical instruments and apparatus.

Why It Matters

For investors and stakeholders tracking Penumbra Inc, this filing contains several important signals. Stockholders will have the opportunity to vote on the company's leadership and financial oversight, directly impacting corporate governance. The ratification of the independent auditor and advisory vote on executive compensation are key governance matters that reflect shareholder sentiment on management and financial reporting.

Risk Assessment

Risk Level: low — Penumbra Inc shows low risk based on this filing. This filing is a routine proxy statement for an annual meeting and does not contain new financial or operational information that would indicate significant risk.

Analyst Insight

Review the director nominees and executive compensation proposals to inform voting decisions at the upcoming annual meeting.

Key Numbers

• June 5, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders)
• April 12, 2024 — Record Date (Stockholders of record on this date may vote)
• 11:00 a.m. PDT — Meeting Time (Annual Meeting start time)

Key Players & Entities

• Penumbra, Inc. (company) — Registrant name
• June 5, 2024 (date) — Date of Annual Meeting
• PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
• April 12, 2024 (date) — Record date for Annual Meeting
• Alameda, CA (location) — Location of Annual Meeting

FAQ

Industry Context

Penumbra, Inc. operates in the Surgical & Medical Instruments & Apparatus industry, focusing on medical devices.

Regulatory Implications

This filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, outlining corporate governance matters for the annual meeting.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Evaluate the proposal to ratify PricewaterhouseCoopers LLP as the independent auditor.
3. Consider the advisory resolution on the compensation of named executive officers.

Key Dates

• 2024-06-05: Annual Meeting of Stockholders — Election of directors, ratification of auditors, advisory vote on executive compensation.
• 2024-04-12: Record Date — Determines which stockholders are entitled to vote at the Annual Meeting.
• 2024-04-24: Filing Date — Date this Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders; prior filings would relate to previous annual meetings or other corporate events.

Filing Documents

• pen-20240424.htm (DEF 14A) — 585KB
• pen-20240424_g1.jpg (GRAPHIC) — 527KB
• pen-20240424_g2.jpg (GRAPHIC) — 399KB
• 0001321732-24-000052.txt (&nbsp;) — 3145KB
• pen-20240424.xsd (EX-101.SCH) — 1KB
• pen-20240424_htm.xml (XML) — 43KB

Executive Compensation

Executive Compensation 34 Householding of Proxy Materials 51 Other Matters 52 Penumbra, Inc. One Penumbra Place Alameda, CA 94502 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING Why did I receive a one-page notice in the mail regarding the Internet availability of proxy materials instead of a full set of proxy materials? Pursuant to "Notice and Access" rules adopted by the Securities and Exchange Commission (the SEC), we have elected to provide access to our proxy materials over the Internet. Accordingly, we are sending an Important Notice Regarding the Availability of Proxy Materials (the Proxy Availability Notice) to our stockholders of record. All stockholders will have the ability to access the proxy materials on the website referred to in the Proxy Availability Notice free of charge or request to receive a printed set of the proxy materials for the Annual Meeting. Instructions on how to access the proxy materials over the Internet or to request a printed copy may be found in the Proxy Availability Notice. We provided some of our stockholders, including stockholders who have previously asked to receive paper copies of the proxy materials, with paper copies of the proxy materials instead of the Proxy Availability Notice. If you received paper copies of the proxy materials, we encourage you to help us save money and reduce the environmental impact of delivering paper proxy materials to stockholders by signing up to receive all of your future proxy materials electronically. We expect that this Proxy Statement and the other proxy materials will be available to stockholders on or about April 24, 2024. What does it mean if I receive more than one Proxy Availability Notice? If you receive more than one Proxy Availability Notice, your shares may be registered in more than one name or in different accounts. Please follow the voting instructions on each Proxy Availability Notice

View Full Filing

View this DEF 14A filing on SEC EDGAR