Polar Power Files Definitive Proxy Statement

TL;DR

Polar Power filed its proxy statement, shareholders vote soon.

AI Summary

Polar Power, Inc. filed a definitive proxy statement (DEF 14A) on October 1, 2024, for its annual meeting. The filing indicates no fee was required for this statement. The company is involved in manufacturing miscellaneous electrical machinery, equipment, and supplies.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda and proposals for the company's annual meeting, influencing corporate governance and potential shareholder decisions.

Risk Assessment

Risk Level: low — This is a routine regulatory filing for a public company's annual meeting and does not contain new financial or operational information that would inherently increase risk.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• Polar Power, Inc. (company) — Registrant
• 249 E. GARDENA BOULEVARD (location) — Business and Mail Address
• GARDENA (location) — City
• CA (location) — State
• 310-830-9153 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.0001 — and outstanding common stock, par value $0.0001 per share, at a specific ratio, ranging

Filing Documents

• formdef14a.htm (DEF 14A) — 552KB
• proxy_001.jpg (GRAPHIC) — 538KB
• proxy_002.jpg (GRAPHIC) — 473KB
• 0001493152-24-039057.txt ( ) — 1946KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 25 DELINQUENT SECTION 16(A) REPORTS 26 EQUITY COMPENSATION PLAN INFORMATION 27

EXECUTIVE COMPENSATION AND RELATED INFORMATION

EXECUTIVE COMPENSATION AND RELATED INFORMATION 28 Executive Officers 28 Family Relationships 28

Executive Compensation

Executive Compensation 29 Compensation Philosophy 29 Compensation Governance Practices 30 Role of our Compensation Committee 30 Role of Management 30 Comparable Company Analysis 31 Elements of Total Compensation 31 Summary Compensation Table 33 Employment Agreements 33 Grants of Plan-Based Awards – 2023 34 Outstanding Equity Awards at Fiscal Year-End – 2023 35 Compensation Committee Report 35 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 36 OTHER INFORMATION 38 POLAR POWER, INC. 249 E. Gardena Boulevard Gardena, California 90248 PROXY FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS VOTING AND PROXY This proxy statement (“Proxy Statement”) is being furnished in connection with the solicitation of proxies by Polar Power, Inc. (“we,” “us,” the “Company,” or “Polar Power”)’s Board of Directors (“Board”) for use at the 2024 annual meeting (“Annual Meeting”) of stockholders to be held on Tuesday, October 22, 2024, at 10:00 a.m., local time, at our corporate headquarters at 249 E. Gardena Boulevard, Gardena, California 90248, and at any adjournment(s) or postponement(s) of the Annual Meeting. We are providing this Proxy Statement and the accompanying proxy card to our stockholders on or about September 26, 2024. Our stockholders are invited to attend the Annual Meeting and are requested to vote on the proposals described in this Proxy Statement. A copy of our Annual Report on Form 10-K for the year ended December 31, 2023 (“Annual Report”) is provided concurrently with this Proxy Statement (or made available electronically, for stockholders who elected to access these materials over the Internet) to all stockholders entitled to notice of and to vote at the Annual Meeting. The Annual Report is not to be regarded as proxy soliciting material or as a communication through which any solici

View Full Filing

View this DEF 14A filing on SEC EDGAR