Table Trac Inc. Files Definitive Proxy Statement

TL;DR

<b>Table Trac Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

TABLE TRAC INC (TBTC) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. Table Trac Inc. filed a Definitive Proxy Statement (DEF 14A) on April 9, 2024. The filing covers the fiscal year ending December 31, 2023. The company is incorporated in Nevada. Its principal business is classified under Services-Miscellaneous Amusement & Recreation. The filing includes details on executive compensation adjustments and stock awards.

Why It Matters

For investors and stakeholders tracking TABLE TRAC INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's governance, executive compensation, and voting matters ahead of shareholder meetings. Understanding the details within this proxy statement is essential for shareholders to make informed decisions about company direction and management.

Risk Assessment

Risk Level: low — TABLE TRAC INC shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosure rather than immediate financial distress or significant operational changes.

Analyst Insight

Shareholders should review the executive compensation and any proposed resolutions to understand potential impacts on company strategy and shareholder value.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-09 — Filing Date (Date of submission)
• 2024-05-15 — Period of Report (Conformed period of report)

Key Players & Entities

• TABLE TRAC INC (company) — Filer name
• 0001090396 (company) — Central Index Key
• NV (company) — State of Incorporation
• 7990 (company) — Standard Industrial Classification code
• 952-548-8877 (company) — Business Phone

FAQ

Industry Context

Table Trac Inc. operates within the amusement and recreation services sector, specifically focusing on technology solutions for gaming establishments.

Regulatory Implications

As a publicly traded company, Table Trac Inc. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder communication and voting.

What Investors Should Do

1. Review the detailed breakdown of executive compensation for fiscal year 2023.
2. Analyze any proposed resolutions or director elections presented for shareholder vote.
3. Compare executive compensation adjustments across the reported fiscal years (2021-2023) if data becomes available.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard disclosure document. Specific comparative data from previous filings is not detailed within this extract.

Key Financial Figures

• $60M — in growing the company's revenues from $60M to $130M mainly through acquisitions. T
• $130M — ing the company's revenues from $60M to $130M mainly through acquisitions. Tom began
• $100 — n-PEO NEOs (4) Value of Initial Fixed $100 Investment Based On Total Shareholder r

Filing Documents

• tbltrc20240404_def14a.htm (DEF 14A) — 251KB
• capvsrev.jpg (GRAPHIC) — 51KB
• capvstsr.jpg (GRAPHIC) — 55KB
• card01.jpg (GRAPHIC) — 202KB
• card02.jpg (GRAPHIC) — 129KB
• 0001437749-24-011540.txt (&nbsp;) — 1872KB
• tbtc-20231231.xsd (EX-101.SCH) — 6KB
• tbtc-20231231_def.xml (EX-101.DEF) — 7KB
• tbtc-20231231_lab.xml (EX-101.LAB) — 15KB
• tbtc-20231231_pre.xml (EX-101.PRE) — 7KB
• tbltrc20240404_def14a_htm.xml (XML) — 96KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Summary Compensation Table The table below summarizes the total compensation paid or earned during the fiscal years ended December 31, 2023 and 2022. Name, Principal Position Salary and Bonus Stock Awards Stock Option Awards Total Chad Hoehne, President, CTO and CEO (1) 2023 $ 357,000 $ 0 $ 0 $ 357,000 2022 380,814 0 0 380,814 Robert Siqveland, former Secretary and COO (2) 2023 149,000 0 0 149,000 2022 155,461 43,625 0 199,086 Randy Gilbert, CFO (3) 2023 241,521 61,075 0 302,596 2022 231,167 23,500 0 254,667 (1) Chad Hoehne was appointed as the Company's Chief Executive Officer on November 20, 2017. From November 20, 2017 until January 8, 2018, he also served as the interim Chief Financial Officer. (2) Mr. Siqveland resigned from his positions as Secretary and Chief Operating Officer effective March 31, 2023. (3) Mr. Gilbert was appointed as the Company's Chief Financial Officer on January 8, 2018 and Chief Operation Officer on April 1, 2023. See below regarding stock award vesting terms. We do not currently have any employment or change-in-control agreements with any named executives or any other current members of our executive management. As of the date of this Proxy Statement, we do not offer our executive employees any pension, annuity, profit-sharing or similar benefit plans other than insurance and the company 401K plan. Executive compensation is subject to change from time to time concurrent with our requirements and policies as established by the Board of Directors and its Compensation Committee. Robert Siqveland resigned from his position as Chief Operating Officer and Secretary of the Company, effective March 31, 2023. In connection with his resignation, the Company entered into a letter agreement with Mr. Siqveland on December 15, 2022, agreeing to provide Mr. Siqveland with the following payments and benefits: (i) a severance payment equal to 12

View Full Filing

View this DEF 14A filing on SEC EDGAR