Park Ohio Holdings Corp. Files Definitive Proxy Statement

Ticker: PKOH · Form: DEF 14A · Filed: Apr 17, 2024 · CIK: 76282

Park Ohio Holdings Corp DEF 14A Filing Summary
FieldDetail
CompanyPark Ohio Holdings Corp (PKOH)
Form TypeDEF 14A
Filed DateApr 17, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1.00, $7,000
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Park Ohio Holdings, Shareholder Voting, Executive Compensation

TL;DR

<b>Park Ohio Holdings Corp. has filed its Definitive Proxy Statement for the period ending May 23, 2024.</b>

AI Summary

PARK OHIO HOLDINGS CORP (PKOH) filed a Proxy Statement (DEF 14A) with the SEC on April 17, 2024. Park Ohio Holdings Corp. filed a Definitive Proxy Statement on April 17, 2024. The filing covers the period ending May 23, 2024. The company's Central Index Key is 0000076282. Park Ohio Holdings Corp. is in the Metal Forging & Stampings industry (SIC 3460). The company's fiscal year ends on December 31.

Why It Matters

For investors and stakeholders tracking PARK OHIO HOLDINGS CORP, this filing contains several important signals. This filing provides shareholders with information regarding upcoming proxy matters, including voting on executive compensation and board nominations. As a DEF 14A filing, it is a crucial document for understanding the company's governance and shareholder voting rights.

Risk Assessment

Risk Level: low — PARK OHIO HOLDINGS CORP shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk or opportunity.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation, board proposals, and exercise their voting rights.

Key Numbers

  • 2024-04-17 — Filing Date (Date the DEF 14A was filed)
  • 2024-05-23 — Period of Report (The period this filing pertains to)
  • 2023-12-31 — Fiscal Year End (Company's fiscal year end date)

Key Players & Entities

  • PARK OHIO HOLDINGS CORP (company) — Filer name
  • 0000076282 (company) — Central Index Key
  • 3460 (company) — Standard Industrial Classification
  • OH (company) — State of Incorporation
  • CLEVELAND (company) — Business Address City
  • 440-947-2210 (company) — Business Phone

FAQ

When did PARK OHIO HOLDINGS CORP file this DEF 14A?

PARK OHIO HOLDINGS CORP filed this Proxy Statement (DEF 14A) with the SEC on April 17, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by PARK OHIO HOLDINGS CORP (PKOH).

Where can I read the original DEF 14A filing from PARK OHIO HOLDINGS CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by PARK OHIO HOLDINGS CORP.

What are the key takeaways from PARK OHIO HOLDINGS CORP's DEF 14A?

PARK OHIO HOLDINGS CORP filed this DEF 14A on April 17, 2024. Key takeaways: Park Ohio Holdings Corp. filed a Definitive Proxy Statement on April 17, 2024.. The filing covers the period ending May 23, 2024.. The company's Central Index Key is 0000076282..

Is PARK OHIO HOLDINGS CORP a risky investment based on this filing?

Based on this DEF 14A, PARK OHIO HOLDINGS CORP presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate risk or opportunity.

What should investors do after reading PARK OHIO HOLDINGS CORP's DEF 14A?

Shareholders should review the proxy statement to understand executive compensation, board proposals, and exercise their voting rights. The overall sentiment from this filing is neutral.

How does PARK OHIO HOLDINGS CORP compare to its industry peers?

Park Ohio Holdings Corp. operates in the Metal Forging & Stampings industry.

Are there regulatory concerns for PARK OHIO HOLDINGS CORP?

This is a DEF 14A filing, which is a standard SEC form for definitive proxy statements.

Industry Context

Park Ohio Holdings Corp. operates in the Metal Forging & Stampings industry.

Regulatory Implications

This is a DEF 14A filing, which is a standard SEC form for definitive proxy statements.

What Investors Should Do

  1. Review the proxy statement for details on board proposals and executive compensation.
  2. Understand the voting procedures and deadlines outlined in the filing.
  3. Assess any shareholder proposals or director nominations presented.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings in terms of new financial data or strategic shifts.

Filing Stats: 4,528 words · 18 min read · ~15 pages · Grade level 12 · Accepted 2024-04-17 08:56:54

Key Financial Figures

  • $1.00 — 8 shares of our Common Stock, par value $1.00 per share. Each share is entitled to on
  • $7,000 — rm a fee, estimated to be approximately $7,000, plus reimbursement of out-of-pocket ex

Filing Documents

Business

Business Who Can Vote and Record Date Voting by Proxy 2024 Proxy Statement i Proxy TABLE OF CONTENTS General Information 1 Proposal No. 1 — Election of Directors 2 Biographical Information 3 Nominees for Election 3 Directors with Term Expiring 2025 4 Directors with Term Expiring 2026 5 Principal Shareholders 7 Corporate Governance 8 Director Independence 8 Risk Oversight 8 Leadership Structure 8 Lead Director 9 Code of Business Conduct and Ethics 9 Anti-Hedging and Pledging Policies 9 Board of Directors and Committees 10 Board Meetings 10 Board Committees 10 Audit Committee 10 Compensation Committee 10 Nominating and Corporate Governance Committee 10 Executive Committee 11 Long-Range Planning Committee 11 Shareholder Communications 11 Compensation Committee Interlocks and Insider Participation 11 Compensation of Directors 12 Audit Committee 13 Audit Committee Report 13 Proposal No. 2 — Ratification of the Appointment of Independent Auditors 14 Independent Auditor Fee Information 14 Pre-approval Policy 14 2024 Proxy Statement ii Table of Contents Executive Compensation Discussion and Analysis 15 2023 Business Highlights 15 Philosophy and Objectives 15 Compensation Practices 16 Overview 16 Our Say-on-Pay Vote 16 Shareholder Engagement 16 Compensation Consultant 16 Compensation Components 17 Other

Executive Compensation Arrangements and Policies

Executive Compensation Arrangements and Policies 20 Risk Oversight 22 Compensation Committee Report 22 Compensation Tables 23 2023 Summary Compensation Table 23 2023 Grants of Plan-Based Awards Table 24 Outstanding Equity Awards at 2023 Fiscal Year-End Table 24 2023 Option Exercises and Stock Vested Table 25 Pension Benefits 26 2023 Pension Benefits Table 26 2023 Nonqualified Deferred Compensation Table 26 Potential Post-Employment Payments 27 CEO Pay Ratio 28 Pay Versus Performance Table 28 Other Matters 32 Review, Approval or Ratification of Transactions with Related Persons 32 Shareholder Proposals for the 2025 Annual Meeting 32 Advance Notice Procedures 32 Shareholders Sharing the Same Address 33 Annual Report 33 2024 Proxy Statement 1 PARK-OHIO HOLDINGS CORP. 6065 Parkland Boulevard Cleveland, Ohio 44124 Proxy Annual Meeting of Shareholders May 23, 2024 GENERAL INFORMATION Solicitation of Proxies The Board of Directors of Park-Ohio Holdings Corp., or the Board, is furnishing this proxy statement in order to solicit proxies on its behalf to be voted at our 2024 annual meeting of shareholders, or the Annual Meeting. The Company will bear the costs of this solicitation. The Annual Meeting will be held at 6065 Parkland Blvd., Cleveland, Ohio 44124 on Thursday, May 23, 2024, at 10:00 A.M., Eastern Time, and any and all adjournments, postponements or continuations thereof. Use of Proxies Proxy materials are first being mailed to shareholders on or about April 17, 2024. A shareholder giving a proxy may revoke it, without affecting any vote previously taken, by a later appointment received by us prior to the Annual Meeting or by giving notice to us in writing or in open meeting. Attendance at the Annual Meeting will not by itself revoke a proxy. Shares represented by properly executed proxies will be voted at the Annual Meeting. If a shareholder has specified ho

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