Triumph Financial, Inc. Files Definitive Proxy Statement (DEF 14A)
Ticker: TFIN-P · Form: DEF 14A · Filed: Mar 14, 2024 · CIK: 1539638
| Field | Detail |
|---|---|
| Company | Triumph Financial, Inc. (TFIN-P) |
| Form Type | DEF 14A |
| Filed Date | Mar 14, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Triumph Financial, TFIN, DEF 14A, Proxy Statement, Executive Compensation
TL;DR
<b>Triumph Financial, Inc. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>
AI Summary
Triumph Financial, Inc. (TFIN-P) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. Triumph Financial, Inc. filed a DEF 14A with the SEC on March 14, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located in Dallas, TX. Triumph Financial, Inc. was formerly known as Triumph Bancorp, Inc. The filing includes data related to stock awards and their fair value for PEO and Non-PEO members across fiscal years 2020-2023.
Why It Matters
For investors and stakeholders tracking Triumph Financial, Inc., this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it details executive compensation, board nominations, and other important corporate governance matters that will be voted on at the upcoming annual meeting. Understanding the stock award data presented in the filing can provide insights into the company's incentive structures and how executive compensation is tied to performance and stock value.
Risk Assessment
Risk Level: low — Triumph Financial, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.
Analyst Insight
Review the executive compensation details and voting proposals within the DEF 14A to make informed decisions as a shareholder.
Key Numbers
- 2024-03-14 — Filing Date (DEF 14A filing date)
- 2023-12-31 — Fiscal Year End (Period covered by the filing)
- 2024-04-23 — Reported Period (Conformed period of report)
- 2012-01-13 — Name Change Date (Date of former company name change)
Key Players & Entities
- Triumph Financial, Inc. (company) — Filer name
- Triumph Bancorp, Inc. (company) — Former company name
- Dallas, TX (location) — Business address
FAQ
When did Triumph Financial, Inc. file this DEF 14A?
Triumph Financial, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 14, 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 Triumph Financial, Inc. (TFIN-P).
Where can I read the original DEF 14A filing from Triumph Financial, 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 Triumph Financial, Inc..
What are the key takeaways from Triumph Financial, Inc.'s DEF 14A?
Triumph Financial, Inc. filed this DEF 14A on March 14, 2024. Key takeaways: Triumph Financial, Inc. filed a DEF 14A with the SEC on March 14, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located in Dallas, TX..
Is Triumph Financial, Inc. a risky investment based on this filing?
Based on this DEF 14A, Triumph Financial, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.
What should investors do after reading Triumph Financial, Inc.'s DEF 14A?
Review the executive compensation details and voting proposals within the DEF 14A to make informed decisions as a shareholder. The overall sentiment from this filing is neutral.
How does Triumph Financial, Inc. compare to its industry peers?
Triumph Financial, Inc. operates within the commercial banking sector, as indicated by its SIC code 6022.
Are there regulatory concerns for Triumph Financial, Inc.?
As a publicly traded company, Triumph Financial, Inc. is subject to the reporting requirements of the Securities Exchange Act of 1934, necessitating filings like the DEF 14A.
Industry Context
Triumph Financial, Inc. operates within the commercial banking sector, as indicated by its SIC code 6022.
Regulatory Implications
As a publicly traded company, Triumph Financial, Inc. is subject to the reporting requirements of the Securities Exchange Act of 1934, necessitating filings like the DEF 14A.
What Investors Should Do
- Analyze the detailed executive compensation breakdown provided in the proxy statement.
- Examine the proposals to be voted on at the shareholder meeting, such as director elections and advisory votes on executive compensation.
- Compare the stock award valuations and changes over the fiscal years presented to assess compensation trends.
Year-Over-Year Comparison
This filing is a DEF 14A, which is a routine disclosure for public companies and does not represent a change from previous filings of the same type.
Filing Stats: 4,661 words · 19 min read · ~16 pages · Grade level 13.3 · Accepted 2024-03-14 08:00:49
Key Financial Figures
- $0.01 — shares of our Common Stock, par value, $0.01 per share. Stockholders Entitled to N
Filing Documents
- d642049ddef14a.htm (DEF 14A) — 1534KB
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- 0001193125-24-067404.txt ( ) — 9405KB
- tfin-20231231.xsd (EX-101.SCH) — 5KB
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Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 55 Proposal 2: Management Proposal Regarding Advisory Approval of the Company's Executive Compensation 57 Proposal 3: Ratification of Selection of Independent Registered Public Accounting Firm 58 Report of the Audit Committee 60 Stockholder Proposals 62 Householding 63 Annex A A-1 2024 Proxy Statement Table of Contents Proxy Summary This summary highlights information contained elsewhere in this proxy statement. This summary does not contain all the information you should consider in voting your shares. Please read the complete proxy statement and our annual report carefully before voting. Meeting Information Date: April 23, 2024 Time: 8:30 a.m. Central Time Location: 3 Park Central, 12700 Park Central Drive, 15 th Floor Dallas, Texas 75251 Record Date: Close of business, February 26, 2024 How to Vote Your vote is important. You may vote your shares via the Internet, by telephone, by mail or in person at the Annual Stockholder Meeting. Please refer to the section "Information Concerning Solicitation and Voting" on page 1 for detailed voting instructions. If you vote via the Internet, by telephone or in person at the Annual Stockholder Meeting, you do not need to mail in a proxy card. INTERNET TELEPHONE MAIL IN PERSON Visit www.proxypush.com/TFIN. You will need the control number printed on your notice, proxy card or voting instruction form. Dial toll-free (866-206-5381) or the telephone number on your voting instruction form. You will need the control number printed on your notice, proxy card or voting instruction form. If you received a paper copy of the proxy materials, send your completed and signed proxy card or voting instruction form using the enclosed postage- paid envelope. By attending the meeting and following the instructions for voting. Matters to be Voted Upon Proposals Required Approval Board Recommen
: Gender Identity
Part I: Gender Identity Directors 3 8 — —
: Demographic Background
Part II: Demographic Background African American or Black — 1 — — Alaskan Native or Native American — — — — Asian — — — — Hispanic or Latinx — 1 — — Native Hawaiian or Pacific Islander — — — — White 3 6 — — Two or More Races or Ethnicities — — — — LGBTQ+ — — — — Did Not Disclose Demographic Background — — — — 82024 Proxy Statement Table of Contents Directors Standing for Election at the 2024 Annual Meeting Carlos M. Sepulveda, Jr. Retired President and Chief Executive Officer Interstate Batteries, Inc. Carlos M. Sepulveda, Jr. has served as Chairman of our Board of Directors since 2010. He also serves as Chairman of TBK Bank, SSB. Since March 2014, Mr. Sepulveda has served on the Board of Chairman of the Board Independent Director Director Since 2010 Age 66 Board Committees: Compensation Key Qualifications and Expertise: Senior Leadership Experience Financial Experience Diversity Other Current Public Boards: Cin