Redwood Trust, Inc. Announces 2024 Annual Meeting of Stockholders
Ticker: RWTO · Form: DEF 14A · Filed: Apr 2, 2024 · CIK: 930236
| Field | Detail |
|---|---|
| Company | Redwood Trust Inc (RWTO) |
| Form Type | DEF 14A |
| Filed Date | Apr 2, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $15,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Stockholders, Director Election, Redwood Trust
TL;DR
<b>Redwood Trust, Inc. is holding its 2024 Annual Meeting of Stockholders on May 21, 2024, to elect directors and vote on other matters.</b>
AI Summary
REDWOOD TRUST INC (RWTO) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. The 2024 Annual Meeting of Stockholders for Redwood Trust, Inc. will be held on May 21, 2024, at 8:30 a.m. Pacific time. The meeting will take place at 4 Park Plaza, Suite 320, Irvine, California 92614. Stockholders will vote on the election of directors, including Greg H. Kubicek, Christopher J. Abate, Doneene K. Damon, Armando Falcon, Douglas B. Hansen, and Debora D. Horvath. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 2, 2024. The company's fiscal year ends on December 31.
Why It Matters
For investors and stakeholders tracking REDWOOD TRUST INC, this filing contains several important signals. This DEF 14A filing provides stockholders with crucial information regarding the upcoming annual meeting, including the election of directors and the company's governance. The meeting date and location are key details for shareholders to participate in corporate decision-making and exercise their voting rights.
Risk Assessment
Risk Level: low — REDWOOD TRUST INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Stockholders should review the proxy materials to make informed voting decisions on director elections and other proposals at the upcoming annual meeting.
Key Numbers
- 2024-05-21 — Annual Meeting Date (Annual Meeting of Stockholders)
- 8:30 a.m. Pacific time — Meeting Time (Annual Meeting of Stockholders)
- 2024-04-02 — Filing Date (DEF 14A filing date)
- 1231 — Fiscal Year End (Company fiscal year end)
Key Players & Entities
- REDWOOD TRUST INC (company) — Registrant
- May 21, 2024 (date) — Annual Meeting date
- Greg H. Kubicek (person) — Director nominee
- Christopher J. Abate (person) — Director nominee
- Doneene K. Damon (person) — Director nominee
- Armando Falcon (person) — Director nominee
- Douglas B. Hansen (person) — Director nominee
- Debora D. Horvath (person) — Director nominee
FAQ
When did REDWOOD TRUST INC file this DEF 14A?
REDWOOD TRUST INC filed this Proxy Statement (DEF 14A) with the SEC on April 2, 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 REDWOOD TRUST INC (RWTO).
Where can I read the original DEF 14A filing from REDWOOD TRUST INC?
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 REDWOOD TRUST INC.
What are the key takeaways from REDWOOD TRUST INC's DEF 14A?
REDWOOD TRUST INC filed this DEF 14A on April 2, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Redwood Trust, Inc. will be held on May 21, 2024, at 8:30 a.m. Pacific time.. The meeting will take place at 4 Park Plaza, Suite 320, Irvine, California 92614.. Stockholders will vote on the election of directors, including Greg H. Kubicek, Christopher J. Abate, Doneene K. Damon, Armando Falcon, Douglas B. Hansen, and Debora D. Horvath..
Is REDWOOD TRUST INC a risky investment based on this filing?
Based on this DEF 14A, REDWOOD TRUST INC presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
What should investors do after reading REDWOOD TRUST INC's DEF 14A?
Stockholders should review the proxy materials to make informed voting decisions on director elections and other proposals at the upcoming annual meeting. The overall sentiment from this filing is neutral.
How does REDWOOD TRUST INC compare to its industry peers?
Redwood Trust, Inc. operates as a real estate investment trust (REIT) focused on the mortgage and real estate sectors.
Are there regulatory concerns for REDWOOD TRUST INC?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
Industry Context
Redwood Trust, Inc. operates as a real estate investment trust (REIT) focused on the mortgage and real estate sectors.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
What Investors Should Do
- Review the list of director nominees and their qualifications.
- Understand any proposals being presented for stockholder vote.
- Determine voting preferences and submit proxy by the deadline.
Key Dates
- 2024-05-21: Annual Meeting of Stockholders — To vote on director elections and other corporate matters.
- 2024-04-02: DEF 14A Filing — Definitive Proxy Statement filed with the SEC.
Year-Over-Year Comparison
This is the initial filing for the 2024 Annual Meeting, providing details on the upcoming meeting and director nominations.
Filing Stats: 4,610 words · 18 min read · ~15 pages · Grade level 16.1 · Accepted 2024-04-01 20:49:57
Key Financial Figures
- $15,000 — ners, Inc. a fee not expected to exceed $15,000, plus expenses. Annual Report Our 2
Filing Documents
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— Election of Directors
Item 1 — Election of Directors 18 Meetings and Committees of the Board of Directors 25 Director Compensation 26 Information About Our Executive Officers 30
Security Ownership of Directors and Executive Officers
Security Ownership of Directors and Executive Officers 32
Security Ownership of Certain Beneficial Owners
Security Ownership of Certain Beneficial Owners 33
Executive Compensation
Executive Compensation 34 Executive Summary of Compensation Discussion and Analysis 35 Compensation Discussion and Analysis 49
Executive Compensation Tables
Executive Compensation Tables 83 Compensation Risks 100 CEO Pay Ratio 101 Pay vs. Performance Comparison 102 Securities Authorized For Issuance Under Equity Compensation Plans 108 Additional Information About Directors and Executive Officers 109 Audit Committee Matters 110
— Ratification of Appointment of the Independent Registered Public Accounting Firm
Item 2 — Ratification of Appointment of the Independent Registered Public Accounting Firm 112
— Vote on an Advisory Resolution to Approve Named Executive Officer Compensation
Item 3 — Vote on an Advisory Resolution to Approve Named Executive Officer Compensation 113 Item 4 — Vote on an Amendment to the 2002 Redwood Trust, Inc. Employee Stock Purchase Plan to Increase the Number of Shares Available for Purchase Thereunder 115 Stockholder Proposals for the 202 5 Annual Meeting 121 Information Incorporated by Reference 121 Annex A — Reconciliation of Non-GAAP EAD ROE to ROE Based on GAAP Financial Results A-1 Annex B — Additional Disclosure Regarding Non-GAAP Adjusted ROE and Non-GAAP Adjusted EAD ROE B-1 Annex C — 2002 Redwood Trust, In c Employee Stock Purchase Plan, as Amended C-1 - i - REDWOOD TRUST, INC. One Belvedere Place, Suite 300 Mill Valley, California 94941 (415) 389-7373 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 21, 2024 INTRODUCTION This Proxy Statement is being furnished in connection with the solicitation of proxies by the Board of Directors of Redwood Trust, Inc., a Maryland corporation ("Redwood," the "Company," "we," or "us"), for exercise at the Annual Meeting of Stockholders (the "Annual Meeting") to be held on May 21, 2024 at 8:30 a.m., Pacific time, at 4 Park Plaza, Suite 320, Irvine, California 92614, and at any adjournment or postponement thereof. We have elected to provide access to our proxy materials over the Internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials (the "Notice") to our stockholders of record, while brokers and other nominees who hold shares on behalf of beneficial owners will be sending their own similar notice of internet availability of proxy materials. All stockholders will have the ability to access proxy materials on the website referred to in the Notice or request to receive a printed set of the proxy materials. Instructions on how to request a printed copy by mail or electronically may be found on the Notice and on the website referred to in the Notice, including an option to request paper copies on