Trio-Tech International Files Definitive Proxy Statement

TL;DR

TRIO proxy filed - get ready for shareholder votes on exec pay & board stuff.

AI Summary

Trio-Tech International filed its definitive proxy statement on October 28, 2024, for its annual meeting on December 10, 2024. The filing, designated as DEF 14A, outlines the company's governance and shareholder matters. Key details regarding executive compensation, director nominations, and other shareholder proposals are expected to be presented.

Why It Matters

This filing provides shareholders with crucial information about the company's leadership, executive compensation, and voting matters, enabling informed participation in corporate governance decisions.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial disclosures that would inherently increase risk.

Key Numbers

• 20241210 — Annual Meeting Date (Shareholders will vote on proposals at this date.)
• 20241028 — Filing Date (The definitive proxy statement was filed on this date.)

Key Players & Entities

• TRIO-TECH INTERNATIONAL (company) — Registrant
• 16139 WYANDOTTE ST. (address) — Business and Mail Address
• VAN NUYS (location) — City
• CA (location) — State
• 91406 (zip_code) — Zip Code

FAQ

Key Financial Figures

• $8,297,000 — d distribution revenue increased 32% to $8,297,000 from $6,270,000 for fiscal 2023, primar
• $6,270,000 — evenue increased 32% to $8,297,000 from $6,270,000 for fiscal 2023, primarily led by stron
• $16,057,000 — Manufacturing revenue increased 16% to $16,057,000 from $13,827,000 a year ago, mainly ref
• $13,827,000 — venue increased 16% to $16,057,000 from $13,827,000 a year ago, mainly reflecting the succe
• $17,933,000 — sting services revenue decreased 22% to $17,933,000 from $23,130,000 for fiscal 2023, total
• $23,130,000 — venue decreased 22% to $17,933,000 from $23,130,000 for fiscal 2023, total revenue for fisc
• $42,312,000 — revenue for fiscal 2024 decreased 2% to $42,312,000 from $43,250,000 for fiscal 2023. Gros
• $43,250,000 — l 2024 decreased 2% to $42,312,000 from $43,250,000 for fiscal 2023. Gross margin for fisc
• $10,762,000 — n for fiscal 2024 decreased slightly to $10,762,000, or 25% of revenue, compared to $11,705
• $11,705,000 — 762,000, or 25% of revenue, compared to $11,705,000, or 27% of revenue, for fiscal 2023. O
• $9,669,000 — 023. Operating expense increased 2% to $9,669,000 from $9,477,000 and increased to 23% of
• $9,477,000 — expense increased 2% to $9,669,000 from $9,477,000 and increased to 23% of revenue compare
• $1,050,000 — o-Tech shareholders for fiscal 2024 was $1,050,000, or $0.24 per diluted share. This compa
• $0.24 — ders for fiscal 2024 was $1,050,000, or $0.24 per diluted share. This compares to net
• $1,544,000 — d share. This compares to net income of $1,544,000, or $0.37 per diluted share, for fiscal

Filing Documents

• trt20241022_def14a.htm (DEF 14A) — 400KB
• card01.jpg (GRAPHIC) — 177KB
• card02.jpg (GRAPHIC) — 207KB
• tti.jpg (GRAPHIC) — 5KB
• 0001437749-24-032206.txt ( ) — 933KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 15

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENT 20 ADDITIONAL MEETING INFORMATION 21 OTHER MATTERS 22 Table of Contents Trio-Tech International Block 1008 Toa Payoh North, Unit 03-09 Singapore 318996, Singapore PROXY STATEMENT FOR THE ANNUAL MEETING OF SHAREHOLDERS OF TRIO-TECH INTERNATIONAL To Be Held on December 10, 2024 This proxy statement (" Proxy Statement ") is furnished in connection with the solicitation of the enclosed proxy (the " Proxy ") on behalf of the Board of Directors (the " Board ") of TrioTech International, a California corporation (" Trio Tech ", or, the " Company "), for use at the 2024 annual meeting of shareholders of the Company (the " Annual Meeting ", or, the " Meeting ") to be held at our U.S. Corporate office, located at 16139 Wyandotte Street, Van Nuys, California 91406, on December 10, 2024 at 10.00 A.M. Pacific Standard Time. For directions to our U.S. Corporate office, please email us at CRT.Reports@triotech.com.sg. The Notice, this Proxy Statement and the enclosed proxy card (the " Proxy Card ") are intended to be electronically available to shareholders on or about October 28, 2024. Voting The Board fixed the close of business on October 14, 2024 as the record date (" Record Date ") for shareholders entitled to notice of and to vote at the Annual Meeting. As of the Record Date, there were 4,250,305 shares of the Company's common stock, no par value (the " Common Stock "), outstanding and entitled to vote, the holders of which are entitled to one vote per share. The presence in person or by proxy of holders of one-third (1/3) of the shares entitled to vote at the Annual Meeting is necessary to constitute a quorum at the Annual Meeting. Abstentions and broker non-votes will be counted for purposes of determining the presence of a quorum. Broker non-votes occur when a shareholder who beneficially owns shares that are held in street name, that is through a broker, does not p

View Full Filing

View this DEF 14A filing on SEC EDGAR