Siebert Financial Corp. Announces Annual Meeting of Shareholders on April 5, 2024
Ticker: SIEB · Form: DEF 14A · Filed: Feb 20, 2024 · CIK: 65596
| Field | Detail |
|---|---|
| Company | Siebert Financial Corp (SIEB) |
| Form Type | DEF 14A |
| Filed Date | Feb 20, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $20,000, $16, $160,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy statement, annual meeting, shareholder meeting, director election, virtual meeting
TL;DR
<b>Siebert Financial Corp. will hold its virtual Annual Meeting of Shareholders on April 5, 2024, for the election of seven directors.</b>
AI Summary
SIEBERT FINANCIAL CORP (SIEB) filed a Proxy Statement (DEF 14A) with the SEC on February 20, 2024. Siebert Financial Corp. will hold its Annual Meeting of Shareholders on April 5, 2024. The meeting will be conducted virtually via webcast at www.virtualshareholdermeeting.com/SIEB2023. Shareholders can attend and vote during the webcast using their 16-digit control number. The primary purpose of the meeting is the election of seven directors. The proxy materials are available online at www.proxyvote.com.
Why It Matters
For investors and stakeholders tracking SIEBERT FINANCIAL CORP, this filing contains several important signals. The virtual format allows for broader shareholder participation regardless of location. Shareholders have the ability to vote directly during the webcast, ensuring their voice is heard on director elections.
Risk Assessment
Risk Level: low — SIEBERT FINANCIAL CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns highlighted.
Analyst Insight
Review the nominated directors and any proposals to be voted on at the annual meeting to make an informed voting decision.
Key Numbers
- 7 — Directors to be elected (Purpose of the Annual Meeting)
- April 5, 2024 — Annual Meeting Date (Scheduled date for the shareholder meeting)
- 1:00 p.m. Eastern Daylight Time — Meeting Time (Scheduled time for the shareholder meeting)
Key Players & Entities
- Siebert Financial Corp. (company) — Registrant and Filer
- April 5, 2024 (date) — Date of Annual Meeting
- www.virtualshareholdermeeting.com/SIEB2023 (url) — Webcast link for the Annual Meeting
- www.proxyvote.com (url) — Location for proxy materials
- New York (location) — State of Incorporation
- 120 Wall Street (address) — Business and Mail Address
- 212-644-2400 (phone) — Business Phone Number
FAQ
When did SIEBERT FINANCIAL CORP file this DEF 14A?
SIEBERT FINANCIAL CORP filed this Proxy Statement (DEF 14A) with the SEC on February 20, 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 SIEBERT FINANCIAL CORP (SIEB).
Where can I read the original DEF 14A filing from SIEBERT FINANCIAL CORP?
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 SIEBERT FINANCIAL CORP.
What are the key takeaways from SIEBERT FINANCIAL CORP's DEF 14A?
SIEBERT FINANCIAL CORP filed this DEF 14A on February 20, 2024. Key takeaways: Siebert Financial Corp. will hold its Annual Meeting of Shareholders on April 5, 2024.. The meeting will be conducted virtually via webcast at www.virtualshareholdermeeting.com/SIEB2023.. Shareholders can attend and vote during the webcast using their 16-digit control number..
Is SIEBERT FINANCIAL CORP a risky investment based on this filing?
Based on this DEF 14A, SIEBERT FINANCIAL CORP presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns highlighted.
What should investors do after reading SIEBERT FINANCIAL CORP's DEF 14A?
Review the nominated directors and any proposals to be voted on at the annual meeting to make an informed voting decision. The overall sentiment from this filing is neutral.
How does SIEBERT FINANCIAL CORP compare to its industry peers?
Siebert Financial Corp. operates in the securities brokerage and dealer industry.
Are there regulatory concerns for SIEBERT FINANCIAL CORP?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs proxy solicitations.
Industry Context
Siebert Financial Corp. operates in the securities brokerage and dealer industry.
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 proxy statement for details on director nominees.
- Access www.proxyvote.com to view the full proxy materials and annual report.
- Log in to www.virtualshareholdermeeting.com/SIEB2023 on April 5, 2024, to attend and vote.
Key Dates
- 2024-04-05: Annual Meeting of Shareholders — Election of directors and other shareholder matters.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a definitive proxy statement, typically filed annually to inform shareholders about upcoming meetings and voting matters.
Filing Stats: 4,260 words · 17 min read · ~14 pages · Grade level 10.7 · Accepted 2024-02-20 12:53:26
Key Financial Figures
- $20,000 — for a fee estimated to be approximately $20,000, including estimated mailing and printi
- $16 — ia’s leadership, has raised over $16 million for breast and prostate ca
- $160,000,000 — ld in 1997 to Toronto Dominion Bank for $160,000,000.   ​ ​   
Filing Documents
- ny20010322x1_def14a.htm (DEF 14A) — 478KB
- ny20010322x1_pc01.jpg (GRAPHIC) — 536KB
- ny20010322x1_pc02.jpg (GRAPHIC) — 362KB
- 0001140361-24-008516.txt ( ) — 1714KB
From the Filing
DEF 14A 1 ny20010322x1_def14a.htm DEFINITIVE PROXY STATEMENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A   Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934   ​ ​ 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 Rule 14a-12 Siebert Financial Corp. (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 the appropriate box):   ​ ​ ☒ ​ ​ 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. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Notice & Proxy Statement, Annual Report is/are available at www.proxyvote.com. SIEBERT FINANCIAL CORP. 653 Collins Avenue Miami Beach, FL 33139 (310) 385-1861 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 5, 2024 Dear Shareholders: Notice is hereby given that Siebert Financial Corp., a New York corporation, (“Siebert”, the “Company”) will hold its Annual Meeting of Shareholders (the “Annual Meeting”), on Friday, April 5, 2024, at 1:00 p.m. Eastern Daylight Time. This year’s Annual Meeting will be a completely virtual meeting of shareholders, which will be conducted live via webcast. You may attend the webcast of the Annual Meeting via the Internet at www.virtualshareholdermeeting.com/SIEB2023 when you enter your 16-digit control number included with the Notice of Internet Availability or proxy card. For instructions on how to attend and participate in the Annual Meeting via the webcast, visit www.virtualshareholdermeeting.com/SIEB2023. You will be able to vote your shares while attending the Annual Meeting by following the instructions on the website. The purpose of the Annual Meeting is as follows: 1. Election of seven directors; and 2. Consider any other matters that are properly presented at the Annual Meeting and any adjournment thereof. You may vote at the Annual Meeting if you were one of our shareholders of record at the close of business on Friday, February 9, 2024. Along with the attached Proxy Statement, we are also enclosing a copy of our Annual Report to Shareholders (the “Annual Report”), which includes our financial statements. To assure your representation at the meeting, please vote by Internet or telephone or sign and mail the enclosed proxy as soon as possible. We have enclosed a return envelope, which requires no postage if mailed in the United States. Your proxy is being solicited by the Board of Directors. Shareholders who attend the Annual Meeting may revoke their proxy and vote their shares electronically. PLEASE VOTE—YOUR VOTE IS IMPORTANT   ​ ​ Andrew H. Reich   ​ ​ Secretary New York, NY February 20, 2024 IMPORTANT NOTICE REGARDING INTERNET AVAILABILITY OF PROXY MATERIALS FOR THE 2023 ANNUAL MEETING:   This Notice and Proxy Statement, our Proxy Card and our Annual Report also are available at www.proxyvote.com by entering the 16-digit control number found on the enclosed Proxy Card. SIEBERT FINANCIAL CORP. 653 Collins Avenue Miami Beach, FL 33139 (310) 385-1861 PROXY STATEMENT FOR THE 2023 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 5, 2024 EXPLANATORY NOTE As a result of our proposed transaction with Kakaopay Corporation (“Kakaopay Corp.”), Kakaopay Securities Corp. (“Kakaopay Securities,” and together with Kakaopay Corp., “Kakaopay”), the Company and certain Gebbia parties named therein (the “Gebbia’s”), we did not hold the 2023 annual meeting of stockholders in anticipation of seeking stockholder approval and consummating the proposed transaction. However, on December 19, 2023, Kakaopay,