SCI Engineered Materials, Inc. Files Definitive Proxy Statement

TL;DR

<b>SCI Engineered Materials, Inc. has filed its Definitive Proxy Statement for the period ending June 13, 2024.</b>

AI Summary

SCI Engineered Materials, Inc. (SCIA) filed a Proxy Statement (DEF 14A) with the SEC on May 2, 2024. SCI Engineered Materials, Inc. filed a Definitive Proxy Statement (DEF 14A) on May 2, 2024. The filing covers the period ending June 13, 2024. The company's fiscal year ends on December 31. Key executive compensation data for Jeremiah R. Young and Gerald S. Blaskie for fiscal years 2021-2023 is detailed. The company was formerly known as Superconductive Components Inc.

Why It Matters

For investors and stakeholders tracking SCI Engineered Materials, Inc., this filing contains several important signals. This filing provides crucial information regarding executive compensation and corporate governance matters that will be voted on by shareholders. Shareholders can review detailed compensation breakdowns for key executives, aiding in their voting decisions on proposals presented at the upcoming meeting.

Risk Assessment

Risk Level: low — SCI Engineered Materials, Inc. shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring a higher risk assessment.

Analyst Insight

Review the executive compensation details and upcoming shareholder proposals to inform voting decisions.

Executive Compensation

Key Numbers

• 2024-05-02 — Filing Date (DEF 14A)
• 2024-06-13 — Period of Report (DEF 14A)
• 2023-12-31 — Fiscal Year End (Company Data)

Key Players & Entities

• SCI Engineered Materials, Inc. (company) — Filer
• DEF 14A (regulator) — Filing Type
• 2024-05-02 (date) — Filing Date
• 2024-06-13 (date) — Period of Report
• Jeremiah R. Young (person) — Executive
• Gerald S. Blaskie (person) — Executive
• Superconductive Components Inc. (company) — Former Company Name

FAQ

Industry Context

The company operates in the Electrical Industrial Apparatus sector.

Regulatory Implications

The filing is a standard DEF 14A, subject to SEC regulations for public companies.

What Investors Should Do

1. Review the detailed executive compensation packages for Jeremiah R. Young and Gerald S. Blaskie for fiscal years 2021-2023.
2. Understand the proposals to be voted on by shareholders at the upcoming meeting.
3. Note the company's former name, Superconductive Components Inc., for historical context.

Key Dates

• 2024-05-02: Filing of DEF 14A — Definitive Proxy Statement filed

Year-Over-Year Comparison

This is a DEF 14A filing, which typically provides information on executive compensation and shareholder proposals, rather than financial performance updates found in quarterly or annual reports.

Key Financial Figures

• $280 million — in the purchase of Interpore/Cross for $280 million by Biomet. Presently, Ms. Shunk is a sh
• $30,000 — loyee Director received compensation of $30,000 entirely in cash for their service on t
• $7,500 — ded December 31, 2023, Ms. Shunk earned $7,500 as chairperson of the Board of Director
• $5,000 — Board of Directors, Mr. Gilliam earned $5,000 as chairperson of the Audit Committee,
• $3,500 — Audit Committee, Dr. Wickersham earned $3,500 as Chairperson of the Technical Committ
• $2,500 — echnical Committee and Dr. Ungar earned $2,500 as Chairperson of the Stock Option and

Filing Documents

• scia4258941-def14a.htm (DEF 14A) — 222KB
• scia4258941-def14a1x23x1.jpg (GRAPHIC) — 164KB
• scia4258941-def14a1x24x1.jpg (GRAPHIC) — 180KB
• 0001206774-24-000540.txt (&nbsp;) — 1622KB
• scia-20231231.xsd (EX-101.SCH) — 5KB
• scia-20231231_pre.xml (EX-101.PRE) — 43KB
• scia-20231231_lab.xml (EX-101.LAB) — 55KB
• scia-20231231_def.xml (EX-101.DEF) — 8KB
• scia4258941-def14a_htm.xml (XML) — 119KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 SCI Engineered Materials, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 SCI ENGINEERED MATERIALS, INC. NOTICE OF 2024 ANNUAL MEETING AND PROXY STATEMENT 2023 ANNUAL REPORT SCI ENGINEERED MATERIALS, INC. NOTICE OF ANNUAL MEETING OF SHAREHOLDERS to be held June 13, 2024 and PROXY STATEMENT Please submit your vote on the Internet before June 13, 2024, at www.InvestorVote.com SCI ENGINEERED MATERIALS, I NC . 2839 Charter Street Columbus, Ohio 43228 (614) 486-0261 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD JUNE 13, 2024 May 2, 2024 To Our Shareholders: The Annual Meeting of Shareholders of SCI Engineered Materials, Inc. (the "Company") will be held at our offices located at 2839 Charter Street, Columbus, Ohio 43228, on June 13, 2024, at 9:30 a.m. EDT, for the following purposes: 1. To elect six directors of the Company, each to serve for terms expiring at the next Annual Meeting of Shareholders; 2. To ratify the selection of the independent registered public accounting firm for the year ending December 31, 2024; and 3. To transact any other business which may properly come before the meeting or any adjournment thereof. We are pleased to take advantage of the rules of the SEC that allow issuers to furnish proxy materials to their shareholders on the Internet. We believe these rules allow us to provide you with information you need while lowering the costs of delivery and reducing the environmental impact of the Annual Meeting. We are mailing to most of our shareholders a Notice of Internet Availability of Proxy Materials, rather than a paper copy of the Proxy proxy materials, vote and obtain, if you so desire, a paper copy of the proxy materials. Our Board of Directors has fixed April 23, 2024, as the record date for the determination of shareholders entitled to notice and to vote at the annual meeting and any adjournment thereof. A list of shareholders will be available for examination by any shareholder at the annual meeting and for a period of ten days before the annual meeting at our executive offices. You will be most welcome at the annual meeting, and we hope you can attend. We urge you to access the proxy materials on the Internet at www.InvestorVote.com and execute the proxy as soon as possible so that your shares may be voted in accordance with your wishes. If your shares are held in an account of a broker, bank, or other holder of record you must instruct them on how to vote your shares. If your broker, bank or other holder of record does not receive any instructions from you, the broker, bank or other holder of record, is permitted to vote on "routine" matters. Your broker will not have discretion to vote on any of the other matters, which are "non-routine" matters, without direction from you. Election of Directors is no longer a "routine" matter, and your broker may not vote on this matter without instructions from you. If you attend the Annual Meeting, you may cast your vote in person and your proxy will not be used. We will provide you with a ballot at the Annual Meeting. If your shares are registered directly in your name, you are considered the shareholder of record and you have the right to vote in person at the Annual Meeting. If your shares are held in the name of your broker or other nominee, you are considered the beneficial owner of shares held in street name. If you wish to vote such shares at the Annual Meeting, you will need to bring a legal proxy from your broker or other nominee authorizing you to vote such shares. By Order of the Board of Directors, s/s Jeremiah R. Young Jeremiah R. Young Chief Executive Officer and Director IMPORTANT NOTICE REGARDING THE INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING TO BE HELD ON JUNE 13, 2024. The proxy materials include our Proxy Statement for the Annual Meeting and our annual report on Form 10-K for the year ended December 31, 2023 and are available at www.sciengineeredmaterials-proxy.com . The Annual Meeting of Shareholders will be held at our executive offices located at 2839 Charter Street, Columbus, Ohio 43228 on June 13, 2024 at 9:30 a.m. EDT for the following purposes: 1. To elect six directors of the Co

View Full Filing

View this DEF 14A filing on SEC EDGAR