Telos Corp. Announces 2024 Annual Meeting of Stockholders on May 21

TL;DR

<b>Telos Corporation will hold its 2024 Annual Meeting of Stockholders on May 21, 2024, to elect directors, ratify auditors, and vote on executive compensation and incentive plans.</b>

AI Summary

TELOS CORP (TLS) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. The Annual Meeting of Stockholders for Telos Corporation will be held on May 21, 2024, at 10:00 a.m. EDT. Key agenda items include the election of seven Directors, ratification of PricewaterhouseCoopers LLP as the independent auditor, and approval of the Amended and Restated 2016 Omnibus Long-Term Incentive Plan. Stockholders will also vote on an advisory basis regarding executive compensation ('say-on-pay'). The record date for determining eligible stockholders is March 28, 2024. The meeting will take place at the Company's headquarters in Ashburn, Virginia.

Why It Matters

For investors and stakeholders tracking TELOS CORP, this filing contains several important signals. The meeting agenda includes critical governance items such as director elections and executive compensation, which directly impact shareholder value and company direction. Approval of the Amended and Restated 2016 Omnibus Long-Term Incentive Plan is a key item, potentially influencing future employee incentives and stock dilution.

Risk Assessment

Risk Level: low — TELOS CORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or significant strategic shifts.

Analyst Insight

Stockholders should review the proxy materials to make informed decisions on director elections, executive compensation, and incentive plans at the upcoming annual meeting.

Key Numbers

• 7 — Directors to be elected (Election of Directors)
• 2025 — Director term end (Directors to serve until the 2025 Annual Meeting)
• 2016 — Incentive Plan year (Amended and Restated 2016 Omnibus Long-Term Incentive Plan)

Key Players & Entities

• Telos Corporation (company) — Registrant
• PricewaterhouseCoopers LLP (company) — independent registered public accounting firm
• May 21, 2024 (date) — Annual Meeting date
• March 28, 2024 (date) — record date

FAQ

Industry Context

Telos Corporation operates in the computer integrated systems design industry, providing technology solutions.

Regulatory Implications

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

What Investors Should Do

1. Review the qualifications of the seven director nominees.
2. Evaluate the proposed Amended and Restated 2016 Omnibus Long-Term Incentive Plan.
3. Consider the advisory vote on executive compensation ('say-on-pay').

Key Dates

• 2024-05-21: Annual Meeting of Stockholders — To elect directors, ratify auditors, and vote on incentive plans and executive compensation.
• 2024-03-28: Record Date — Determines stockholders eligible to vote at the Annual Meeting.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) filed for the upcoming annual meeting, indicating routine corporate governance procedures.

Key Financial Figures

• $12 billion — 3,700 employees worldwide and generated $12 billion in sales in 2013. At BAE Systems, Inc.,

Filing Documents

• ny20018725x1_def14a.htm (DEF 14A) — 1247KB
• ny20018725x1_pvp-barchart01.jpg (GRAPHIC) — 118KB
• ny20018725x1_pvp-barchart02.jpg (GRAPHIC) — 107KB
• ny20018725x1_pvp-barchart03.jpg (GRAPHIC) — 105KB
• ny20018725x1_pc01.jpg (GRAPHIC) — 731KB
• ny20018725x1_pc02.jpg (GRAPHIC) — 456KB
• 0001140361-24-018919.txt (&nbsp;) — 6286KB
• tls-20240521.xsd (EX-101.SCH) — 8KB
• tls-20240521_def.xml (EX-101.DEF) — 9KB
• tls-20240521_lab.xml (EX-101.LAB) — 22KB
• tls-20240521_pre.xml (EX-101.PRE) — 12KB
• ny20018725x1_def14a_htm.xml (XML) — 379KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 46 STOCKHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING 47 OTHER MATTERS 47 EXHIBIT A 48 i TABLE OF CONTENTS PROPOSAL 1: Election of Directors The Board of Directors of Telos recommends that the Director Nominees named below be elected by the holders of the Company's Common Stock. The election of directors requires a plurality of the voting power of the shares of our Common Stock present in person or represented by proxy at the 2024 Annual Meeting and entitled to vote thereon. Only votes cast "FOR" a nominee will be counted in the election of directors. Broker non-votes and abstentions will not be counted. Votes that are withheld with respect to one or more nominees will result in those nominees receiving fewer votes but will not count as a vote against the nominees. Director Nominees The Company's Board of Directors, upon the recommendation of the Nominating and Corporate Governance Committee, has nominated the following individuals for election as directors by the holders of the Common Stock, to serve until his or her successor is elected and qualified: John B. Wood, David Borland, Bonnie Carroll, Derrick D. Dockery, Brad Jacobs, Maj. Gen. (ret) John W. Maluda, and Fredrick D. Schaufeld. Each of our directors is a United States citizen. John B. Wood Age | 60 President, Chief Executive Officer, Chairman of the Board of the Company. Mr. Wood joined the Company in 1992 as Executive Vice President and Chief Operating Officer and in 1994 was named President and Chief Executive Officer ("CEO") until March 2000, when he was appointed to the newly created position of Executive Chairman of the Board. In 2002, he became Chairman of the Board subsequent to a restructuring of the Board of Directors. In January 2003, Mr. Wood resumed the positions of President and CEO. Prior to joining the Company, Mr. Wood worked on Wall Street for Dean Witter Reynolds, UBS Securities, and his own boutique inves

View Full Filing

View this DEF 14A filing on SEC EDGAR