Transcat Inc. Proxy Statement Details Executive Compensation
Ticker: TRNS · Form: DEF 14A · Filed: Jul 23, 2024 · CIK: 99302
| Field | Detail |
|---|---|
| Company | Transcat Inc (TRNS) |
| Form Type | DEF 14A |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, governance
TL;DR
Transcat's proxy statement is out, detailing exec pay & stock awards for FY24.
AI Summary
Transcat Inc. filed its DEF 14A on July 23, 2024, for the fiscal year ending March 30, 2024. The filing details executive compensation, including stock awards and option awards, with specific values for aggregate awards, year-end fair value of outstanding awards, and year-over-year changes in award values. The company's principal executive offices are located at 35 Vantage Point Drive, Rochester, NY 14624.
Why It Matters
This filing provides shareholders with crucial information about how executive compensation is structured and valued, impacting corporate governance and investor decisions.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and corporate governance matters, with no immediate indication of significant financial distress or operational risk.
Key Numbers
- 2024-03-30 — Fiscal Year End (Reporting period for compensation details)
- 2024-07-23 — Filing Date (Date the DEF 14A was submitted to the SEC)
Key Players & Entities
- TRANSCAT INC (company) — Filer
- 0000099302 (company) — Central Index Key
- 35 VANTAGE POINT DRIVE (company) — Business Address
- ROCHESTER (company) — Business City
- NY (company) — Business State
- 14624 (company) — Business Zip Code
- TRANSMATION INC (company) — Former Company Name
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by a company to solicit proxies from its shareholders for an upcoming shareholder meeting, typically to vote on matters such as the election of directors, executive compensation, and other corporate actions.
What fiscal year does this DEF 14A filing cover?
This DEF 14A filing by Transcat Inc. covers the fiscal year ending March 30, 2024.
Where are Transcat Inc.'s principal executive offices located?
Transcat Inc.'s principal executive offices are located at 35 Vantage Point Drive, Rochester, NY 14624.
What specific compensation-related data is mentioned in the filing excerpt?
The filing excerpt mentions aggregate values for stock awards and option awards, fair value at year-end of awards granted during the covered fiscal year that were outstanding and unvested, and year-over-year changes in the fair value of such awards.
Has Transcat Inc. operated under a different name previously?
Yes, Transcat Inc. was formerly known as TRANSMATION INC, with a date of name change on July 3, 1992.
Filing Stats: 4,688 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-07-23 16:15:23
Key Financial Figures
- $0.50 — s outstanding, designated common stock, $0.50 par value per share. As of the Record D
Filing Documents
- trns4327081-def14a.htm (DEF 14A) — 631KB
- trns4327081-def14a1x1x1.jpg (GRAPHIC) — 42KB
- trns4327081-def14a1x2x1.jpg (GRAPHIC) — 12KB
- trns4327081-def14a1x2x2.jpg (GRAPHIC) — 7KB
- trns4327081-def14a1x13x1.jpg (GRAPHIC) — 75KB
- trns4327081-def14a1x14x1.jpg (GRAPHIC) — 60KB
- trns4327081-def14a1x15x1.jpg (GRAPHIC) — 61KB
- trns4327081-def14a1x16x1.jpg (GRAPHIC) — 62KB
- trns4327081-proxy1x1x1.jpg (GRAPHIC) — 164KB
- trns4327081-proxy1x1x2.jpg (GRAPHIC) — 192KB
- 0001206774-24-000686.txt ( ) — 2980KB
- trns-20240330.xsd (EX-101.SCH) — 6KB
- trns-20240330_pre.xml (EX-101.PRE) — 45KB
- trns-20240330_lab.xml (EX-101.LAB) — 60KB
- trns-20240330_def.xml (EX-101.DEF) — 10KB
- trns4327081-def14a_htm.xml (XML) — 112KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS 53
SECURITY OWNERSHIP OF MANAGEMENT
SECURITY OWNERSHIP OF MANAGEMENT 55 DELINQUENT SECTION 16(a) REPORTS 56 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 56 SHAREHOLDER NOMINATIONS AND PROPOSALS FOR THE 2024 ANNUAL MEETING 56 OTHER MATTERS 57 CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This proxy statement contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, estimates, beliefs, assumptions and predictions of future events and are identified by words such as "believes," "estimates," "expects," "seek," "strategy," "target," "could," "may," "will," "would," "intend," "designed," "focus," and other similar words. Forward-looking statements are not statements of historical fact and thus are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or those expressed in such forward-looking statements. You should evaluate forward-looking statements in light of important risk factors and uncertainties that may affect our operating and financial results and our ability to achieve our financial objectives. These risk factors and uncertainties are more fully described by us under the heading "Risk Factors" in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K. You should not place undue reliance on our forward-looking statements, which speak only as of the date they are made or as indicated. Except as required by law, we undertake no obligation to update or publicly announce any revisions to any of the forward-looking statements, whether as a result of new information, future events or otherwise. NOTE ABOUT OUR WEBSITES AND REPORTS : None of the statements on our websites or reports referenced or discussed in this proxy statement, are deemed to be part of, or incorporated by reference into, this proxy statement. The statements and reports may also change