Planet Labs PBC DEF 14A: Executive Pay & Shareholder Votes
Ticker: PL-WT · Form: DEF 14A · Filed: May 29, 2024 · CIK: 1836833
| Field | Detail |
|---|---|
| Company | Planet Labs Pbc (PL-WT) |
| Form Type | DEF 14A |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $220.7 million, $191.3 million, $298.9 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, corporate-governance, shareholder-meeting
TL;DR
Planet Labs PBC DEF 14A out: exec pay details & shareholder votes coming July 11.
AI Summary
Planet Labs PBC filed a DEF 14A on May 29, 2024, detailing executive compensation and corporate governance matters for the fiscal year ending January 31, 2024. The filing includes information on the compensation of its named executive officers, such as Will Marshall and Kevin Weil, and outlines proposals to be voted on at the upcoming annual meeting of stockholders on July 11, 2024. Key proposals include the election of directors and the ratification of the independent registered public accounting firm.
Why It Matters
This filing provides crucial insights into how Planet Labs PBC compensates its top executives and what key decisions shareholders will be asked to make, impacting the company's direction and governance.
Risk Assessment
Risk Level: medium — DEF 14A filings can reveal executive compensation structures and corporate governance practices that may indicate potential risks or opportunities for investors.
Key Numbers
- 20240711 — Annual Meeting Date (Date for shareholder votes on directors and auditors.)
- 20240131 — Fiscal Year End (Period covered by the compensation details in the filing.)
Key Players & Entities
- Planet Labs PBC (company) — Filer of the DEF 14A
- Will Marshall (person) — Named Executive Officer
- Kevin Weil (person) — Named Executive Officer
- July 11, 2024 (date) — Date of Annual Meeting of Stockholders
- January 31, 2024 (date) — Fiscal Year End
- dMY Technology Group, Inc. IV (company) — Former Company Name
FAQ
What are the key proposals shareholders will vote on at the July 11, 2024 meeting?
Shareholders will vote on the election of directors and the ratification of the independent registered public accounting firm, among other potential proposals detailed within the filing.
Who are the named executive officers whose compensation is detailed in this filing?
The filing details the compensation for named executive officers, including Will Marshall and Kevin Weil, for the fiscal year ending January 31, 2024.
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders in connection with annual or special meetings of security holders, providing detailed information on matters to be voted upon.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on May 29, 2024.
What was Planet Labs PBC's former company name?
Planet Labs PBC was formerly known as dMY Technology Group, Inc. IV, with a date of name change on December 16, 2020.
Filing Stats: 4,815 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-05-29 16:09:31
Key Financial Figures
- $220.7 million — revenue increased 15% year-over-year to $220.7 million for fiscal year 2024, from $191.3 milli
- $191.3 million — 20.7 million for fiscal year 2024, from $191.3 million for the fiscal year ended January 31, 2
- $298.9 million — year 2023. Ended fiscal year 2024 with $298.9 million in cash and cash equivalents and no deb
Filing Documents
- pl-20240529.htm (DEF 14A) — 746KB
- pl-20240529_g1.jpg (GRAPHIC) — 2000KB
- pl-20240529_g2.jpg (GRAPHIC) — 41KB
- pl-20240529_g3.jpg (GRAPHIC) — 69KB
- pl-20240529_g4.jpg (GRAPHIC) — 71KB
- pl-20240529_g5.jpg (GRAPHIC) — 75KB
- pl-20240529_g6.jpg (GRAPHIC) — 70KB
- pl-20240529_g7.jpg (GRAPHIC) — 2082KB
- pl-20240529_g8.jpg (GRAPHIC) — 457KB
- pl-20240529_g9.jpg (GRAPHIC) — 232KB
- 0001836833-24-000056.txt ( ) — 14785KB
- pl-20240529.xsd (EX-101.SCH) — 4KB
- pl-20240529_def.xml (EX-101.DEF) — 5KB
- pl-20240529_lab.xml (EX-101.LAB) — 8KB
- pl-20240529_pre.xml (EX-101.PRE) — 4KB
- pl-20240529_htm.xml (XML) — 44KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 37 DIRECTOR COMPENSATION 50
SECURITY OWNERSHIP
SECURITY OWNERSHIP 52 SECURITIES AUTHORIZED FOR ISSUANCE 54 CERTAIN RELATIONSHIPS AND RELATED PERSONS 55 OTHER MATTERS 57 PLANET LABS PBC PROXY STATEMENT 2 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON THURSDAY, JULY 11, 2024 ___________________________________________________ This Proxy Statement and our 2024 Annual Report on Form 10-K are available at http://www.proxyvote.com/ Proposals to be Submitted to Stockholders At the Annual Meeting, stockholders will consider and vote on the following matters: 1. To elect Kristen Robinson, Carl Bass and Ita Brennan as Class III Directors to serve until the 2027 annual meeting of stockholders and until their respective successors shall have been duly elected and qualified; 2. To elect Susan Wojcicki as a Class II Director to serve until the 2026 annual meeting of stockholders and until her successor shall have been duly elected and qualified; 3. To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2025; and 4. To approve, on a non-binding advisory basis, the compensation of our named executive officers. The stockholders will also act on any other business that may properly come before the Annual Meeting. We know of no other business that will be presented at the Annual Meeting. If any other matter properly comes before the stockholders for a vote at the Annual Meeting, however, the proxy holders named on the Company's proxy card will vote your shares in accordance with their best judgment. Recommendations of the Board The board of directors of the Company recommends that you vote your shares as indicated below. If you return a properly completed proxy card, or vote your shares by telephone or Internet, your shares of common stock will be voted on your behalf as you direct. If not otherwise specified, the shares of common stock represented by the proxies w