Teleflex Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Teleflex Inc. has filed its Definitive Proxy Statement (DEF 14A) on April 1, 2024, detailing corporate governance and executive compensation information.</b>

AI Summary

TELEFLEX INC (TFX) filed a Proxy Statement (DEF 14A) with the SEC on April 1, 2024. Teleflex Inc. filed a Definitive Proxy Statement (DEF 14A) on April 1, 2024. The filing covers the period ending May 3, 2024. The company's fiscal year ends on December 31. Teleflex Inc. is incorporated in Delaware. The company's principal business address is 550 E Swedesford Rd, Suite 400, Wayne, PA 19087.

Why It Matters

For investors and stakeholders tracking TELEFLEX INC, this filing contains several important signals. This DEF 14A filing is crucial for shareholders to understand executive compensation, director nominations, and other voting matters before the annual meeting. The detailed financial information and disclosures within the proxy statement provide insights into the company's performance and strategic direction.

Risk Assessment

Risk Level: low — TELEFLEX INC shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring a higher risk assessment.

Analyst Insight

Shareholders should review the executive compensation and voting proposals to make informed decisions at the upcoming annual meeting.

Key Numbers

• 2024-04-01 — Filing Date (DEF 14A filing date)
• 2024-05-03 — Reporting Period End Date (Conformed period of report)
• 1231 — Fiscal Year End (Teleflex Inc. fiscal year end)

Key Players & Entities

• TELEFLEX INC (company) — FILER
• 2024-04-01T00:00:00.000Z (date) — FILED AS OF DATE
• 2024-05-03 (date) — CONFORMED PERIOD OF REPORT
• 0000096943 (company) — CENTRAL INDEX KEY
• 3841 (industry) — STANDARD INDUSTRIAL CLASSIFICATION
• DE (state) — STATE OF INCORPORATION
• 1231 (fiscal_year) — FISCAL YEAR END
• 610-225-6800 (phone) — BUSINESS PHONE

FAQ

Industry Context

Teleflex Inc. operates in the Surgical & Medical Instruments & Apparatus industry (SIC 3841).

Regulatory Implications

This filing is a DEF 14A, a type of proxy statement required by the SEC for public companies.

What Investors Should Do

1. Review executive compensation details and voting proposals.
2. Assess director nominations and qualifications.
3. Understand any shareholder proposals presented.

Year-Over-Year Comparison

This is the initial DEF 14A filing for the reporting period ending May 3, 2024.

Filing Documents

• d496319ddef14a.htm (DEF 14A) — 1072KB
• g496319g00a64.jpg (GRAPHIC) — 26KB
• g496319g09g09.jpg (GRAPHIC) — 50KB
• g496319g11a11.jpg (GRAPHIC) — 27KB
• g496319g58g58.jpg (GRAPHIC) — 104KB
• g496319g59g01.jpg (GRAPHIC) — 118KB
• g496319g59g59.jpg (GRAPHIC) — 93KB
• g496319g69m69.jpg (GRAPHIC) — 188KB
• g496319g70m70.jpg (GRAPHIC) — 78KB
• 0001193125-24-083481.txt (&nbsp;) — 3379KB
• tfx-20231231.xsd (EX-101.SCH) — 5KB
• tfx-20231231_def.xml (EX-101.DEF) — 4KB
• tfx-20231231_lab.xml (EX-101.LAB) — 6KB
• tfx-20231231_pre.xml (EX-101.PRE) — 4KB
• d496319ddef14a_htm.xml (XML) — 135KB

Executive Compensation Overview

Executive Compensation Overview 22 2023 Compensation 25 Ongoing and Post-Employment Arrangements 37 Tax Considerations 40 Clawback Policy 40 Stock Ownership Guidelines 41 Pledging and Hedging Policies 41 2023 Stockholder Advisory Vote on Executive Compensation 41 COMPENSATION COMMITTEE REPORT 41 SUMMARY COMPENSATION TABLE – 2023 42 GRANTS OF PLAN-BASED AWARDS – 2023 45 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END – 2023 46 OPTION EXERCISES AND STOCK VESTED – 2023 48 PENSION BENEFITS – 2023 49 NONQUALIFIED DEFERRED COMPENSATION – 2023 50 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL 52 Employment and Severance Arrangements 52 Change-of-Control Arrangements 54 CEO PAY RATIO 56 PAY VERSUS PERFORMANCE 58

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 62 CERTAIN TRANSACTIONS 65 Related Person Transactions Policy 65 PROPOSAL 2: ADVISORY VOTE ON COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 66 PROPOSAL 3: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 67 Audit and Non-Audit Fees 67 Audit Committee Pre-Approval Procedures 67 PROPOSAL 4: STOCKHOLDER PROPOSAL TO REDUCE OWNERSHIP THRESHOLD TO CALL A SPECIAL STOCKHOLDER MEETING 68 STOCKHOLDER PROPOSALS AND NOMINATIONS 71 OTHER MATTERS 71 Table of Contents TELEFLEX INCORPORATED 550 East Swedesford Road, Suite 400 Wayne, Pennsylvania 19087 PROXY STATEMENT GENERAL INFORMATION This proxy statement is furnished to stockholders in connection with the solicitation of proxies by the Board of Directors of Teleflex Incorporated (referred to as the "Company," "Teleflex," "we," "us" or "our") for use at the Company's Annual Meeting of stockholders (the "Annual Meeting") to be held on Friday, May 3, 2024 at 11:00 a.m., local time, at the Company's headquarters, located at 550 East Swedesford Road, Wayne, Pennsylvania 19087. The proxies may also be voted at any adjournment or postponement of the Annual Meeting. Only stockholders of record at the close of business on March 8, 2024, the record date for the meeting, are entitled to vote. Each stockholder of record on the record date is entitled to one vote for each share of common stock held. On the record date, the Company had 47,101,248 shares of common stock outstanding. This proxy statement and the enclosed form of proxy are being mailed to stockholders on or about April 1, 2024. A copy of the Company's 2023 Annual Report is provided with this proxy statement. The Company will pay the cost of solicitation of proxies. In addition to this mailing, proxies may be solicited, without extra compensation, by our officers and employees, by mail, telephone, facsimile, electronic mail and other methods of commun

View Full Filing

View this DEF 14A filing on SEC EDGAR