Taitron Components Inc. Announces Annual Meeting of Shareholders on May 30, 2024

TL;DR

<b>Taitron Components Inc. will hold its Annual Meeting of Shareholders on May 30, 2024, to elect directors and vote on executive compensation.</b>

AI Summary

TAITRON COMPONENTS INC (TAIT) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Annual Meeting of Shareholders scheduled for May 30, 2024, at 10:00 a.m. Pacific time. Shareholders will vote on electing five (5) members to the Board of Directors. An advisory vote to approve the Company's executive compensation ('Say-On-Pay') is on the agenda. Shareholders will also vote on the frequency of the Say-On-Pay advisory vote. April 19, 2024, is the record date for determining shareholders entitled to vote.

Why It Matters

For investors and stakeholders tracking TAITRON COMPONENTS INC, this filing contains several important signals. Shareholders have the opportunity to influence corporate governance by electing board members and providing feedback on executive pay. The meeting provides a platform for shareholders to engage directly with the company on key governance and compensation matters.

Risk Assessment

Risk Level: low — TAITRON COMPONENTS INC shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proposals regarding director elections and executive compensation before the May 30, 2024 meeting.

Key Numbers

• May 30, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• 10:00 a.m. Pacific time — Meeting Time (Time of the Annual Meeting)
• 28040 Harrison Parkway, Valencia, CA 91355 — Meeting Location (Corporate headquarters address)
• five (5) — Directors to Elect (Number of directors to be elected to the Board)
• April 19, 2024 — Record Date (Date for determining shareholders entitled to vote)

Key Players & Entities

• TAITRON COMPONENTS INC (company) — Registrant
• May 30, 2024 (date) — Annual Meeting date
• April 19, 2024 (date) — Record date for shareholders
• five (5) (dollar_amount) — Number of directors to be elected

FAQ

Industry Context

Taitron Components Inc. operates in the wholesale of electronic parts and equipment sector.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the nominees for the Board of Directors.
2. Understand the company's executive compensation structure and the advisory vote proposal.
3. Determine voting preference on the frequency of the Say-On-Pay vote.

Key Dates

• 2024-05-30: Annual Meeting of Shareholders — Shareholders will vote on director elections and executive compensation.
• 2024-04-19: Record Date — Determines shareholders eligible to vote at the Annual Meeting.

Year-Over-Year Comparison

This is a DEF 14A filing, indicating a definitive proxy statement for the annual shareholder meeting, following standard disclosure requirements.

Key Financial Figures

• $0.001 — ares of Class A common stock, par value $0.001 per share, (the "Class A Common Stock")
• $80 million — anagement company managing in excess of $80 million. Specific Qualifications: Previous h
• $500 million — tion options. At ICN Pharmaceuticals, a $500 million public company, Ms. Pineda was in charg
• $1 billion — rope and the USA helping raise close to $1 billion for all its subsidiaries, SPI, Biomedic

Filing Documents

• taitron20240425_def14a.htm (DEF 14A) — 352KB
• tc_graph1.jpg (GRAPHIC) — 34KB
• 0001185185-24-000438.txt (&nbsp;) — 401KB

: Gender Identity

Part I: Gender Identity Directors 2 3

: Demographic Background

Part II: Demographic Background Asian 1 3 White 1 - The Company is not aware of any material proceedings to which any director, officer or affiliate of the Company, any owner of record or beneficially of more than five percent of the Common Stock of the Company, or any associate of any such director, officer or affiliate of the Company, or security holder, is a party adverse to the Company or any of its subsidiaries or has a material interest adverse to the Company or any of its subsidiaries. Tzu-Sheng ( " Johnson " ) Ku , a co-founder of the Company, has been the Chairman of the Company since it was founded in 1989. Mr. Ku is also Chairman of both Johnson Premium Hardwood Flooring and Americana Floors Incorporated. Johnson Premium Hardwood Flooring is a manufacturer of pre-finished solid wood floors and Americana Floors Incorporated is an importer, wholesaler and retailer of name brand hardwood floors. Specific Qualifications: Business leadership experience as our Chairman and director since 1989. Large stockholder with a significant investment in the Company. Stewart Wang , a co-founder of the Company, has served as Chief Executive Officer, President and a Director of the Company since its organization in 1989. In addition, from November 2002 to May 2008, Mr. Wang has also served as Chief Financial Officer of the Company. Prior to founding the Company, Mr. Wang attended Pepperdine University, where he received his Masters of Business Administration degree in 1989. From 1985 to 1986, Mr. Wang was employed by Diodes Incorporated, a manufacturer and reseller of discrete rectifiers, as Purchasing and MIS Manager and later as Chief Operating Officer and President from 1986 to 1987. Prior thereto, from 1983 to 1985, Mr. Wang was Sales Manager for Rectron Limited, a rectifier manufacturer in Taiwan. Specific Qualifications: Business leadership experience as our Chief Executive Officer and director since 1989. Large stockholder with a significant investm

View Full Filing

View this DEF 14A filing on SEC EDGAR