SmartKem, Inc. Files Definitive Proxy Statement
Ticker: SMTK · Form: DEF 14A · Filed: Aug 22, 2024 · CIK: 1817760
| Field | Detail |
|---|---|
| Company | Smartkem, Inc. (SMTK) |
| Form Type | DEF 14A |
| Filed Date | Aug 22, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, annual-meeting
TL;DR
SmartKem proxy filing out - shareholders vote soon on company direction.
AI Summary
SmartKem, Inc. filed a definitive proxy statement (DEF 14A) on August 22, 2024, for its fiscal year ending December 31, 2024. The filing pertains to the company's annual meeting and related corporate governance matters. SmartKem, Inc. is incorporated in Delaware and operates in the semiconductors & related devices industry.
Why It Matters
This filing provides shareholders with essential information regarding voting rights, executive compensation, and board nominations, enabling informed participation in the company's governance.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial distress signals.
Key Numbers
- 20240923 — Fiscal Year End (Reported period for the proxy statement.)
- 20240822 — Filing Date (Date the definitive proxy statement was filed with the SEC.)
Key Players & Entities
- SmartKem, Inc. (company) — Registrant
- Parasol Investments Corp (company) — Former Company Name
- 0001104659-24-092012 (filing_id) — Accession Number
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing is a definitive proxy statement filed by a company with the SEC, providing shareholders with information about matters to be voted on at an annual or special meeting, such as director elections, executive compensation, and other corporate actions.
When is SmartKem, Inc.'s fiscal year end?
SmartKem, Inc.'s fiscal year ends on December 31, as indicated in the filing.
What was SmartKem, Inc.'s former company name?
SmartKem, Inc. was formerly known as Parasol Investments Corp, with a name change date of July 10, 2020.
What is the SIC code for SmartKem, Inc.?
The Standard Industrial Classification (SIC) code for SmartKem, Inc. is 3674, which corresponds to Semiconductors & Related Devices.
Where is SmartKem, Inc. headquartered?
SmartKem, Inc.'s business and mailing address is Manchester Technology Center, Hexagon Tower, Delaunays Road, Blackley, Manchester, M9 8GQ.
Filing Stats: 4,873 words · 19 min read · ~16 pages · Grade level 11.2 · Accepted 2024-08-22 16:30:32
Key Financial Figures
- $0.0001 — holders of our common stock, par value $0.0001 per share, of record at the close of bu
- $0 — holders of our common stock, par value $0.0001, per share. Proxies for the Annu
Filing Documents
- tm2421769-1_def14a.htm (DEF 14A) — 488KB
- px_24smartkemproxy01pg1-bw.jpg (GRAPHIC) — 191KB
- px_24smartkemproxy01pg2-bw.jpg (GRAPHIC) — 159KB
- 0001104659-24-092012.txt ( ) — 933KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 16 Summary Compensation Table 16 Employment and Change in Control Agreements 16 Outstanding Equity Awards at December 31, 2023 18 DIRECTOR COMPENSATION 19 EQUITY COMPENSATION PLAN INFORMATION 20 REPORT OF THE AUDIT COMMITTEE 21
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 22 TRANSACTIONS WITH RELATED PERSONS 24 PROPOSAL 2 28 STOCKHOLDER PROPOSALS 30 ANNUAL REPORT 30 HOUSEHOLDING OF ANNUAL MEETING MATERIALS 31 OTHER MATTERS 31 i TABLE OF CONTENTS SMARTKEM, INC. MANCHESTER TECHNOLOGY CENTRE, HEXAGON TOWER. DELAUNAYS ROAD, BLACKLEY MANCHESTER, M9 8GQ U.K. PROXY STATEMENT This proxy statement (this "Proxy Statement") contains information related to the Annual Meeting of Stockholders (the "Annual Meeting") to be held on September 23, 2024 at 12:00 p.m. Eastern Time. We are planning to hold the Annual Meeting virtually via the Internet, or at such other time and place to which the Annual Meeting may be adjourned or postponed. In order to attend our Annual Meeting, you must log in to www.virtualshareholdermeeting.com/SMTK2024 using the 16-digit control number on the proxy card that accompanied the proxy materials. In addition, unless the context otherwise requires, references to "stockholders" are to the holders of our common stock, par value $0.0001, per share. Proxies for the Annual Meeting are being solicited by the Board of Directors (the "Board") of SmartKem, Inc. (the "Company"). This Proxy Statement is first being made available to stockholders on or about August 22, 2024. A list of record holders of the Company's common stock entitled to vote at the Annual Meeting will be available for examination by any stockholder, for any purpose germane to the Annual Meeting, at our principal offices at Delaunays Road, Blackley Manchester, M9 8GQ U.K, during normal business hours for ten days prior to the Annual Meeting and available during the Annual Meeting. Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting To Be Held on September 23, 2024. Our proxy materials including the Proxy Statement for the Annual Meeting, our annual report for the fiscal year ended December 31, 2023 and proxy card are a