SPX Technologies, Inc. Files Definitive Proxy Statement

Ticker: SPXC · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 88205

Spx Technologies, Inc. DEF 14A Filing Summary
FieldDetail
CompanySpx Technologies, Inc. (SPXC)
Form TypeDEF 14A
Filed DateApr 4, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$547 million
Sentimentneutral

Sentiment: neutral

Topics: SPXC, DEF 14A, Proxy Statement, Corporate Governance, Executive Compensation

TL;DR

<b>SPX Technologies, Inc. has filed its Definitive Proxy Statement for the period ending May 14, 2024.</b>

AI Summary

SPX Technologies, Inc. (SPXC) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. SPX Technologies, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 14, 2024. The company's principal executive offices are located at 6325 Ardrey Kell Road, Suite 400, Charlotte, NC 28277. SPX Technologies, Inc. was formerly known as SPX Corp and Sealed Power Corp. The SIC code for the company is 3540 (METALWORKING MACHINERY & EQUIPMENT).

Why It Matters

For investors and stakeholders tracking SPX Technologies, Inc., this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded 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 — SPX Technologies, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate material events or significant changes requiring a higher risk assessment.

Analyst Insight

Review the executive compensation and board proposals within the DEF 14A to understand potential impacts on corporate governance and shareholder value.

Key Numbers

  • 2024-04-04 — Filing Date (DEF 14A filing date)
  • 2024-05-14 — Period of Report (Conformed period of report)
  • 3540 — SIC Code (Standard Industrial Classification)

Key Players & Entities

  • SPX Technologies, Inc. (company) — Filer name
  • SPXC (company) — Ticker symbol
  • DEF 14A (document) — Filing type
  • 2024-04-04 (date) — Filing date
  • 2024-05-14 (date) — Period of report
  • 6325 Ardrey Kell Road, Suite 400, Charlotte, NC 28277 (address) — Business address
  • SPX Corp (company) — Former company name
  • Sealed Power Corp (company) — Former company name

FAQ

When did SPX Technologies, Inc. file this DEF 14A?

SPX Technologies, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 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 SPX Technologies, Inc. (SPXC).

Where can I read the original DEF 14A filing from SPX Technologies, Inc.?

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 SPX Technologies, Inc..

What are the key takeaways from SPX Technologies, Inc.'s DEF 14A?

SPX Technologies, Inc. filed this DEF 14A on April 4, 2024. Key takeaways: SPX Technologies, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024.. The filing covers the period ending May 14, 2024.. The company's principal executive offices are located at 6325 Ardrey Kell Road, Suite 400, Charlotte, NC 28277..

Is SPX Technologies, Inc. a risky investment based on this filing?

Based on this DEF 14A, SPX Technologies, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate material events or significant changes requiring a higher risk assessment.

What should investors do after reading SPX Technologies, Inc.'s DEF 14A?

Review the executive compensation and board proposals within the DEF 14A to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does SPX Technologies, Inc. compare to its industry peers?

SPX Technologies operates within the metalworking machinery and equipment industry.

Are there regulatory concerns for SPX Technologies, Inc.?

The filing is a DEF 14A, a standard disclosure document required by the SEC under the Securities Exchange Act of 1934.

Industry Context

SPX Technologies operates within the metalworking machinery and equipment industry.

Regulatory Implications

The filing is a DEF 14A, a standard disclosure document required by the SEC under the Securities Exchange Act of 1934.

What Investors Should Do

  1. Review the proposals to be voted on by shareholders.
  2. Analyze executive compensation details and any changes proposed.
  3. Examine director nominations and committee memberships.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings of the same type.

Filing Stats: 4,466 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2024-04-04 16:19:24

Key Financial Figures

  • $547 million — nue our growth journey. After deploying $547 million towards acquisitions in 2023, we ended

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 24 Compensation Discussion and Analysis 24 Risk Analysis 37 Compensation Committee Report 38 Compensation Tables 39 Summary Compensation Table 39 Grants of Plan-Based Awards 42 Outstanding Equity Awards at Fiscal Year-End 44 Option Exercises and Stock Vested 46 Nonqualified Deferred Compensation 46 Potential Payments upon Termination or Change-In-Control 48 CEO Pay Ratio 50 Pay Versus Performance Disclosure 51 Equity Compensation Plan Information 55 PROPOSAL 2: APPROVAL OF NAMED EXECUTIVE OFFICERS' COMPENSATION, ON A NON-BINDING ADVISORY BASIS ("SAY-ON-PAY") 56 PROPOSAL 3: APPROVAL OF THE AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS 57 PROPOSAL 4: APPROVAL OF THE AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO PROVIDE FOR EXCULPATION OF CERTAIN OFFICERS AS PERMITTED BY RECENT AMENDMENTS TO DELAWARE LAW 59 PROPOSAL 5: APPROVAL OF THE AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO ADD A DELAWARE FORUM SELECTION PROVISION FOR CERTAIN LEGAL ACTIONS 61 PROPOSAL 6: APPROVAL OF THE AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO ADD A FEDERAL FORUM SELECTION PROVISION FOR CLAIMS UNDER THE SECURITIES ACT 64 AUDIT MATTERS 66 Audit Committee Report 66 Other Audit Information 67 Audit and Non-Audit Fee Table 67 Pre-Approval By Audit Committee 67 PROPOSAL 7: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 68 QUESTIONS AND ANSWERS 69 Proxy Materials 69 Annual Meeting 69 Voting and Quorum 71 Communications and Stockholder Proposals 74 APPENDIX A – AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS 75 APPENDIX B – AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO PROVIDE FOR EXCULPATION OF CERTAIN OFFICERS AS PERMITTED BY RECENT AMENDMENTS TO DELAWARE LAW 77 APPENDIX C – AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO ADD A DELAWARE FOR

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