Sono-Tek Corp Files Proxy Statement for FY24

TL;DR

Sono-Tek proxy filed. Details exec pay & board stuff. Vote your shares!

AI Summary

Sono-Tek Corporation filed its DEF 14A proxy statement on July 25, 2024, for the fiscal year ending February 29, 2024. The filing details executive compensation and other corporate governance matters. Key individuals mentioned include R. Stephen Harshbarger and Christopher L. Coccio, who are members of the board or hold executive positions.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and board nominations, enabling informed voting decisions at the upcoming annual meeting.

Risk Assessment

Risk Level: low — This is a routine proxy filing providing information to shareholders and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

• 2024-02-29 — Fiscal Year End (The period covered by the proxy statement)
• 20240725 — Filing Date (Date the DEF 14A was filed with the SEC)

Key Players & Entities

• SONO TEK CORP (company) — Filer of the DEF 14A
• R. Stephen Harshbarger (person) — Member of Sono-Tek Corp
• Christopher L. Coccio (person) — Member of Sono-Tek Corp
• 0000806172 (company) — Central Index Key for Sono-Tek Corp

FAQ

Key Financial Figures

• $100 million — ny, with P&L responsibilities for up to $100 million in sales and 500 people throughout the

Filing Documents

• eps11380_sotk.htm (DEF 14A) — 341KB
• corda-sig.jpg (GRAPHIC) — 22KB
• compensation_tsr.jpg (GRAPHIC) — 252KB
• compensation_netincomejpg.jpg (GRAPHIC) — 268KB
• proxycard1.jpg (GRAPHIC) — 1448KB
• proxycard2.jpg (GRAPHIC) — 1154KB
• 0001171520-24-000266.txt ( ) — 8107KB
• sotk-20240229.xsd (EX-101.SCH) — 5KB
• sotk-20240229_def.xml (EX-101.DEF) — 10KB
• sotk-20240229_lab.xml (EX-101.LAB) — 59KB
• sotk-20240229_pre.xml (EX-101.PRE) — 45KB
• eps11380_sotk_htm.xml (XML) — 180KB

: ELECTION OF DIRECTORS

ITEM 1: ELECTION OF DIRECTORS 2 CORPORATE GOVERNANCE AND THE BOARD OF DIRECTORS 5 OTHER EXECUTIVE OFFICERS 10

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 11 BENEFICIAL OWNERSHIP OF SHARES 19

: RATIFICATION OF APPOINTMENT OF AUDITORS

ITEM 2: RATIFICATION OF APPOINTMENT OF AUDITORS 21

: ADVISORY VOTE ON EXECUTIVE COMPENSATION

ITEM 3: ADVISORY VOTE ON EXECUTIVE COMPENSATION 22 ITEM4: OTHER MATTERS 23 SONO-TEK CORPORATION 2012 Route 9W Milton, New York 12547 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS AUGUST 22, 2024 The accompanying proxy is solicited by the Board of Directors of SONO-TEK CORPORATION, a New York corporation (the "Company"), for use at the 2024 Annual Meeting of Shareholders of the Company to be held on August 22, 2024. All proxies that are properly completed, signed and returned to the Company prior to the Annual Meeting, and which have not been revoked, will be voted in accordance with the shareholder's instructions contained in such proxy. In the absence of contrary instructions, shares represented by such proxy will be voted (i) FOR approval of the election of each of the individuals nominated as Directors to serve until the 2026 Annual Meeting of Shareholders as set forth herein, (ii) FOR the ratification of the appointment of Marcum LLP, as the Company's auditors for the may revoke his or her proxy at any time before it is exercised by filing with the Secretary of the Company at its offices in Milton, New York either a written notice of revocation or a duly executed proxy bearing a later date, or by appearing in person at the 2024 Annual Meeting and expressing a desire to vote his or her shares in person. In order for business to be conducted at the Annual Meeting, a quorum must be present. A quorum will be present if shareholders of record holding a majority in voting power of the outstanding shares of the Company's common stock entitled to vote at the Annual Meeting are present in person or are represented by proxies. For purposes of determining the presence or absence of a quorum, the Company intends to count as present shares present in person but not voting and shares for which the Company has receive

: ELECTION OF DIRECTORS

ITEM 1: ELECTION OF DIRECTORS The Board of Directors is currently comprised of eight seats and is divided into two classes of four seats each. The Directors in each class serve for a term of two years, and until their respective successors are duly elected and qualify. The Board of Directors has nominated, Eric Haskell, CPA, Dr. Adeniyi Lawal and Carol O'Donnell, all current Directors, for election at the Annual Meeting by plurality vote to hold office until the Company's 2026 Annual Meeting of Shareholders and until their successors shall be duly elected and shall qualify. All nominees have consented to be named as such and to serve if elected. Dr. Donald Mowbray, who currently serves as director in the class standing for election, has declined to stand for reelection and his current term as director will conclude as of the date of the 2024 Annual Meeting of Shareholders. Management intends to vote the accompanying Proxy FOR election as Directors of the Company, the nominees named below, unless the Proxy contains contrary instructions. Proxies that direct the Proxy holders to withhold voting in the matter of electing Directors will not be voted as set forth above. Proxies cannot be voted for a greater number of persons than the number of nominees named in the Proxy Statement. Management has no reason to believe that any of the nominees will not be a candidate or will be unable to serve. However, in the event that any of the nominees should become unable or unwilling to serve as a Director, the Proxy will be voted for the election of such person or persons as shall be designated by the Directors. 2 NOMINEES FOR DIRECTOR Nominees for election to term expiring 2026 The following three persons are nominated for election as Directors of the Company to hold office until the Company's 2026 Annual Meeting of Shareholders. ERIC HASKELL, CPA has been a Director since August 2009 and serves as Audit Committee Chairman. He has over 40 years of experience in senio

View Full Filing

View this DEF 14A filing on SEC EDGAR