SmartRent, Inc. Announces 2024 Annual Meeting of Stockholders on May 14

TL;DR

<b>SmartRent, Inc. is holding its 2024 Annual Meeting of Stockholders on May 14, 2024, to elect directors, ratify auditors, and approve equity plan amendments.</b>

AI Summary

SmartRent, Inc. (SMRT) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. SmartRent, Inc. will hold its 2024 annual meeting of stockholders virtually on May 14, 2024. The meeting will include the election of two Class III directors. Stockholders will vote on ratifying Deloitte & Touche LLP as the independent registered public accounting firm for FY2024. Approval is sought for the SmartRent, Inc. 2021 Equity Incentive Plan, as amended and restated, to increase share availability. The Notice of Internet Availability of Proxy Materials is expected to be mailed on or about April 3, 2024.

Why It Matters

For investors and stakeholders tracking SmartRent, Inc., this filing contains several important signals. The election of directors and approval of the equity incentive plan are key governance decisions that can impact the company's future strategy and shareholder value. Ratifying the independent auditor is a standard but crucial step in maintaining financial transparency and investor confidence.

Risk Assessment

Risk Level: low — SmartRent, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) for an annual meeting, containing standard proposals and no immediate material financial or operational news.

Analyst Insight

Stockholders should review the director nominees and the proposed amendments to the equity incentive plan before the May 14th meeting.

Key Numbers

• 2 — Directors to be elected (To elect two Class III directors.)
• 2027 — Director Term End (Directors to serve until the 2027 annual meeting.)
• 2024 — Fiscal Year End (Independent auditor appointment for fiscal year ending December 31, 2024.)
• 2021 — Equity Plan Year (SmartRent, Inc. 2021 Equity Incentive Plan.)

Key Players & Entities

• SmartRent, Inc. (company) — Registrant and filer of the proxy statement.
• Deloitte & Touche LLP (company) — Proposed independent registered public accounting firm.
• May 14, 2024 (date) — Date of the annual meeting of stockholders.
• April 3, 2024 (date) — Expected mailing date for the Notice of Internet Availability of Proxy Materials.
• Fifth Wall Acquisition Corp. I (company) — Former name of SmartRent, Inc.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
• Equity Incentive Plan Dilution [medium — financial]: Increasing shares reserved under the equity plan could lead to dilution for existing shareholders.

Key Dates

• 2024-05-14: Annual Meeting of Stockholders — Election of directors, ratification of auditor, and approval of equity plan amendments.
• 2024-04-03: Expected Mailing of Proxy Materials — Informs stockholders about the upcoming meeting and voting procedures.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (Provides detailed information about matters to be voted on at the annual meeting.)

Class III Directors

A class of directors serving a specific term, typically three years. (Relevant to the election of directors at the annual meeting.)

Independent Registered Public Accounting Firm

A firm that audits the company's financial statements and provides assurance on their accuracy. (Crucial for financial reporting integrity and investor confidence.)

Equity Incentive Plan

A plan that allows a company to grant stock options or other equity-based awards to employees and executives. (Impacts employee compensation, retention, and potential shareholder dilution.)

Filing Documents

• smrt-20240402.htm (DEF 14A) — 1206KB
• img135349399_0.jpg (GRAPHIC) — 9KB
• img135349399_1.jpg (GRAPHIC) — 163KB
• img135349399_2.jpg (GRAPHIC) — 142KB
• 0000950170-24-040672.txt (&nbsp;) — 2161KB
• smrt-20240402.xsd (EX-101.SCH) — 12KB
• smrt-20240402_htm.xml (XML) — 1KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 40 Executive Officers 42

Executive Compensation

Executive Compensation 43 Transactions With Related Persons 52 Section 16(a) Beneficial Ownership Reporting Compliance 53 Other Matters 54 Appendix A 55 SMARTRENT, INC. PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held On May 14, 2024, at 8:00 a.m. Arizona Time In this proxy statement (this " Proxy Statement "), "SmartRent," "we," "us," "our," or the "Company," as applicable, refers to SmartRent, Inc., a Delaware corporation, and, where appropriate, its subsidiaries. SmartRent's 2024 annual meeting of stockholders (the " Annual Meeting "), will be held virtually, via live webcast, at www.virtualshareholdermeeting.com/SMRT2024 , originating from Scottsdale, Arizona, on Tuesday, May 14, 2024 at 8:00 a.m. Arizona Time. You are invited to attend the Annual Meeting if you are a stockholder as of the close of business on March 18, 2024, the record date for the Annual Meeting (the " Record Date ") or hold a valid proxy for the Annual Meeting. If you are a holder of our Class A common stock (our " Class A Common Stock ") as of the Record Date, we request that you vote on the proposals described in this Proxy Statement. QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS, VOTING, AND THE ANNUAL MEETING The information provided below is for your convenience only and is merely a summary of the information contained in this Proxy Statement. You should read this entire Proxy Statement carefully before casting your vote. 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 addressed in this Proxy Statement are inactive textual references only. Why am I receiving these materials? Our board of directors (our " Board ") is soliciting your proxy to vote at the Annual Meeting. This Proxy Statement, along with the accompanying notice, summarizes the purposes of the Annual Meeting and the information you need

View Full Filing

View this DEF 14A filing on SEC EDGAR