SiTime Corporation Files Definitive Proxy Statement
Ticker: SITM · Form: DEF 14A · Filed: Apr 16, 2024 · CIK: 1451809
| Field | Detail |
|---|---|
| Company | Sitime Corp (SITM) |
| Form Type | DEF 14A |
| Filed Date | Apr 16, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, DEF 14A, SiTime Corporation, Corporate Governance, Shareholder Meeting
TL;DR
<b>SiTime Corporation has filed its Definitive Proxy Statement for the period ending May 30, 2024.</b>
AI Summary
SITIME Corp (SITM) filed a Proxy Statement (DEF 14A) with the SEC on April 16, 2024. SiTime Corporation filed a Definitive Proxy Statement (DEF 14A) on April 16, 2024. The filing covers the period ending May 30, 2024. The company's fiscal year ends on December 31. SiTime Corporation is located at 5451 Patrick Henry Drive, Santa Clara, CA 95054. The filing fee was not required, as indicated by the company.
Why It Matters
For investors and stakeholders tracking SITIME Corp, this filing contains several important signals. This filing is a standard regulatory requirement for public companies, providing shareholders with information regarding upcoming meetings and voting matters. The DEF 14A filing details executive compensation, board nominations, and other corporate governance issues, which are crucial for shareholder decision-making.
Risk Assessment
Risk Level: low — SITIME Corp shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance information.
Analyst Insight
Review the proxy statement for details on executive compensation, board proposals, and any shareholder resolutions to understand SiTime's corporate governance and potential impacts on future strategy.
Key Numbers
- 2024-04-16 — Filing Date (DEF 14A filing date)
- 2024-05-30 — Period of Report End Date (DEF 14A period of report)
- 2023-12-31 — Fiscal Year End (Company's fiscal year end)
- 001-39135 — SEC File Number (SEC file number for SiTime Corporation)
Key Players & Entities
- SiTime Corporation (company) — Registrant name
- 5451 Patrick Henry Drive (address) — Business and mailing address
- Santa Clara (location) — City for business and mailing address
- CA (location) — State for business and mailing address
- 95054 (postal_code) — ZIP code for business and mailing address
- 408-328-4400 (phone_number) — Business phone number
- 2024-04-16 (date) — Filing date
- 2024-05-30 (date) — Period of report
FAQ
When did SITIME Corp file this DEF 14A?
SITIME Corp filed this Proxy Statement (DEF 14A) with the SEC on April 16, 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 SITIME Corp (SITM).
Where can I read the original DEF 14A filing from SITIME 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 SITIME Corp.
What are the key takeaways from SITIME Corp's DEF 14A?
SITIME Corp filed this DEF 14A on April 16, 2024. Key takeaways: SiTime Corporation filed a Definitive Proxy Statement (DEF 14A) on April 16, 2024.. The filing covers the period ending May 30, 2024.. The company's fiscal year ends on December 31..
Is SITIME Corp a risky investment based on this filing?
Based on this DEF 14A, SITIME Corp presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance information.
What should investors do after reading SITIME Corp's DEF 14A?
Review the proxy statement for details on executive compensation, board proposals, and any shareholder resolutions to understand SiTime's corporate governance and potential impacts on future strategy. The overall sentiment from this filing is neutral.
How does SITIME Corp compare to its industry peers?
SiTime Corporation operates in the semiconductors industry, specifically focusing on timing solutions.
Are there regulatory concerns for SITIME Corp?
The filing is made under Rule 14a-101 of the Securities Exchange Act of 1934, which governs the content of proxy statements.
Industry Context
SiTime Corporation operates in the semiconductors industry, specifically focusing on timing solutions.
Regulatory Implications
The filing is made under Rule 14a-101 of the Securities Exchange Act of 1934, which governs the content of proxy statements.
What Investors Should Do
- Review the executive compensation details for named executive officers.
- Analyze proposals presented to shareholders for voting.
- Examine director nominations and qualifications.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard disclosure document. No prior filing of this type is directly comparable in this context.
Filing Stats: 4,916 words · 20 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-16 16:12:04
Filing Documents
- sitm-20240415.htm (DEF 14A) — 919KB
- sitm-20240415_g1.jpg (GRAPHIC) — 37KB
- sitm-20240415_g10.jpg (GRAPHIC) — 78KB
- sitm-20240415_g11.jpg (GRAPHIC) — 283KB
- sitm-20240415_g12.jpg (GRAPHIC) — 300KB
- sitm-20240415_g2.jpg (GRAPHIC) — 40KB
- sitm-20240415_g3.jpg (GRAPHIC) — 32KB
- sitm-20240415_g4.jpg (GRAPHIC) — 40KB
- sitm-20240415_g5.jpg (GRAPHIC) — 36KB
- sitm-20240415_g6.jpg (GRAPHIC) — 37KB
- sitm-20240415_g7.jpg (GRAPHIC) — 85KB
- sitm-20240415_g8.jpg (GRAPHIC) — 84KB
- sitm-20240415_g9.jpg (GRAPHIC) — 85KB
- 0001451809-24-000095.txt ( ) — 4116KB
- sitm-20240415.xsd (EX-101.SCH) — 1KB
- sitm-20240415_htm.xml (XML) — 89KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 26
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 28 PAY VERSUS PERFORMANCE 56 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 61 STOCKHOLDER PROPOSALS FOR THE 202 5 ANNUAL MEETING OF STOCKHOLDERS 63 STOCKHOLDERS SHARING THE SAME LAST NAME AND ADDRESS 64 OTHER MATTERS 65 1 INFORMATION CONCERNING VOTING AND SOLICITATION This Proxy Statement is being furnished to you in connection with the solicitation by the board of directors (the "Board") of SiTime Corporation, a Delaware corporation, of your proxy to vote at our 2024 Annual Meeting of Stockholders and any adjournments or postponements thereof (also referred to herein as the "Annual Meeting"). Our Annual Meeting will be held at 9:00 a.m., Pacific Time, on Thursday, May 30, 2024 via live webcast at https://meetnow.global/MJLVFCK. As used in this Proxy Statement, references to "we," "us," "our," and "SiTime" refer to SiTime Corporation and our consolidated subsidiaries. Information contained on, or that can be accessed through, our website is not intended to be incorporated by reference into this Proxy Statement and references to our website address in this Proxy Statement are inactive textual references only. 1 QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS AND VOTING Why is the Annual Meeting being held as a virtual meeting via webcast? We believe that the virtual meeting format expands stockholder access and participation and improves communications, therefore the Annual Meeting will be a completely virtual meeting of stockholders. There will not be a physical meeting location and you will not be able to attend in person. Will future annual meetings also be held in a virtual format? We believe that the virtual meeting format expands stockholder access and participation and improves communications. However, we have not decided if we will use a virtual meeting format for future meetings. Why did I receive a notice regarding the availability of proxy materials on the Internet? Pursuant to rules adopted b