PREFORMED LINE PRODUCTS CO Files DEF 14A

TL;DR

<b>PREFORMED LINE PRODUCTS CO files DEF 14A with SEC.</b>

AI Summary

PREFORMED LINE PRODUCTS CO (PLPC) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. Filing type is DEF 14A, filed on 2024-03-22. Company name is PREFORMED LINE PRODUCTS CO, Central Index Key 0000080035. Incorporated in OH, fiscal year ends 1231. Business address: P.O. BOX 91129, CLEVELAND, OH 44101. SEC file number: 000-31164.

Why It Matters

For investors and stakeholders tracking PREFORMED LINE PRODUCTS CO, this filing contains several important signals. This filing is a Definitive Proxy Statement (DEF 14A), indicating important shareholder information and executive compensation details are being disclosed. The filing includes data related to stock awards and their fair value changes over several fiscal years (2020-2023), suggesting a focus on executive compensation and equity incentives.

Risk Assessment

Risk Level: low — PREFORMED LINE PRODUCTS CO shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial performance indicators or significant corporate actions that would suggest high risk.

Analyst Insight

Review the executive compensation details and stock award valuations within the DEF 14A filing to understand potential impacts on shareholder value and employee incentives.

Key Numbers

• 2024-03-22 — Filing Date (Date the DEF 14A was filed)
• 2024-05-07 — Period of Report (Conformed period of report)
• 2024-03-22 — As of Date (Filed as of date)
• 1231 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• PREFORMED LINE PRODUCTS CO (company) — Filer name
• 0000080035 (company) — Central Index Key
• OH (location) — State of incorporation
• 000-31164 (company) — SEC file number
• CLEVELAND (location) — Business address city
• 440-461-5200 (phone) — Business phone

FAQ

Industry Context

PREFORMED LINE PRODUCTS CO operates in the Water, Sewer, Pipeline, Comm and Power Line Construction industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for public companies to disclose information related to shareholder meetings and executive compensation.

What Investors Should Do

1. Analyze the executive compensation structure and stock award grants detailed in the DEF 14A.
2. Review any changes in compensation policies or award valuations from previous filings.
3. Understand the implications of stock award vesting and forfeiture on future financial statements.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure document. Specific comparative financial data from a previous filing is not directly available in this excerpt.

Key Financial Figures

• $2 — g consisted of 4,927,090 common shares, $2 par value, each of which is entitled to

Filing Documents

• plpc-20240322.htm (DEF 14A) — 1762KB
• img36478881_0.jpg (GRAPHIC) — 17KB
• img36478881_1.jpg (GRAPHIC) — 8KB
• img36478881_2.jpg (GRAPHIC) — 184KB
• img36478881_3.jpg (GRAPHIC) — 162KB
• img36478881_4.jpg (GRAPHIC) — 172KB
• img36478881_5.jpg (GRAPHIC) — 8KB
• img36478881_6.jpg (GRAPHIC) — 90KB
• img36478881_7.jpg (GRAPHIC) — 430KB
• img36478881_8.jpg (GRAPHIC) — 178KB
• img36478881_9.jpg (GRAPHIC) — 86KB
• 0000950170-24-035120.txt (&nbsp;) — 6155KB
• plpc-20240322.xsd (EX-101.SCH) — 37KB
• plpc-20240322_htm.xml (XML) — 410KB

Security Ownership of Certain Beneficial Owners & Management

Security Ownership of Certain Beneficial Owners & Management 3 Corporate Responsibility & Governance 5 Proposal One - Election of Directors 7 Board Committees and Meetings 12 Audit Committee Report 14 Compensation Policies and Risk 14 Directors and Executive Officers Compensation: 15 Compensation Discussion and Analysis 15 Compensation Committee Report 19 Pay Ratio 19 Clawback Policy 19

Executive Compensation

Executive Compensation 20 Grants of Plan-Based Awards 22 Outstanding Equity Awards 23 Options Exercised and Stock Vested 24 Non-Qualified Deferred Compensation 25 Potential Payments upon Termination or Change in Control 26 Director Compensation 27 Pay versus Performance 28 Interlocks and Insider Participation 32 Transactions with Related Persons 32 Proposal Two - Ratification of Independent Auditor 33 Proposal Three – Report on Actions to Increase Board Diversity 34 Independent Registered Public Accounting Firm Fees, Services and Independence 36 Delinquent Section 16(a) Reports 37 Shareholder Proposals for 2025 Annual Meeting 38 Preformed Line Products Company PROXY S TATEMENT Our Board of Directors is sending you this proxy statement to ask for your vote as a Preformed Line Products Company shareholder on the matters to be voted on at the annual meeting of shareholders. We will hold the Annual Meeting in person, on Tuesday, May 7, 2024, at our Company's headquarters, 660 Beta Drive, Mayfield Village, Ohio 44143. We ask that you register your planned in-person attendance with us at least ten business days prior to the meeting, by communicating with Carrie Vaccariello, by email (carrie.vaccariello@plp.com) or mail (660 Beta Drive, Mayfield Village, OH 44143). In addition, an admission ticket, as well as matching photo identification, are necessary to gain entrance to the secure area of our headquarters building where the meeting will be held. Annual Report. A copy of our Annual Report to Shareholders for the fiscal year ended December 31, 2023 is enclosed with this proxy statement. Solicitation of Proxies . Our Board of Directors is making this solicitation of proxies and the Company will pay the cost of the solicitation. In addition to solicitation of proxies by mail, our employees may solicit proxies by telephone, facsimile or electronic mail. Proxies; Revocation of Proxies; Voting Instructions.

View Full Filing

View this DEF 14A filing on SEC EDGAR