TTEC Holdings, Inc. Announces Annual Meeting of Stockholders on May 22, 2024
Ticker: TTEC · Form: DEF 14A · Filed: Apr 10, 2024 · CIK: 1013880
| Field | Detail |
|---|---|
| Company | Ttec Holdings, INC. (TTEC) |
| Form Type | DEF 14A |
| Filed Date | Apr 10, 2024 |
| Risk Level | |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $2.463 b, $487 m, $1.976 b, $2.46 b, $118.0 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: TTEC Holdings, Annual Meeting, Proxy Statement, Virtual Meeting, Stockholder Voting
TL;DR
<b>TTEC Holdings, Inc. will host its Annual Meeting of Stockholders virtually on May 22, 2024, encouraging electronic voting and participation.</b>
AI Summary
TTEC Holdings, Inc. (TTEC) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. The Annual Meeting of Stockholders for TTEC Holdings, Inc. will be held virtually on May 22, 2024, at 10:00 a.m. Mountain Daylight Time. Stockholders can attend, vote, and submit questions via a live webcast at www.virtualshareholdermeeting.com/TTEC2024. Proxy materials are being made available electronically to stockholders to expedite receipt, reduce environmental impact, and lower costs. The company emphasizes improving stockholder engagement, similar to its focus on client-customer engagement. Stockholders are strongly encouraged to vote their shares regardless of attendance at the virtual meeting.
Why It Matters
For investors and stakeholders tracking TTEC Holdings, Inc., this filing contains several important signals. The shift to a virtual meeting and electronic delivery of proxy materials aims to enhance stockholder experience and reduce operational costs and environmental impact. Encouraging prompt voting by all stockholders is crucial for corporate governance and decision-making processes.
Risk Assessment
Risk Level: — TTEC Holdings, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing standard information about the meeting logistics and voting procedures, with no immediate financial or operational disclosures that would indicate high risk.
Analyst Insight
Stockholders should review the proxy materials and vote their shares promptly for the upcoming Annual Meeting of Stockholders.
Key Numbers
- May 22, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders.)
- 10:00 a.m. — Meeting Time (Time of the Annual Meeting of Stockholders.)
Key Players & Entities
- TTEC Holdings, Inc. (company) — Registrant and filer of the proxy statement.
- May 22, 2024 (date) — Date of the Annual Meeting of Stockholders.
- www.virtualshareholdermeeting.com/TTEC2024 (url) — Website for attending the virtual Annual Meeting.
- Securities and Exchange Commission (regulator) — Regulator permitting electronic delivery of proxy materials.
- 10:00 a.m., Mountain Daylight Time (time) — Time of the Annual Meeting of Stockholders.
FAQ
When did TTEC Holdings, Inc. file this DEF 14A?
TTEC Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 10, 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 TTEC Holdings, Inc. (TTEC).
Where can I read the original DEF 14A filing from TTEC Holdings, 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 TTEC Holdings, Inc..
What are the key takeaways from TTEC Holdings, Inc.'s DEF 14A?
TTEC Holdings, Inc. filed this DEF 14A on April 10, 2024. Key takeaways: The Annual Meeting of Stockholders for TTEC Holdings, Inc. will be held virtually on May 22, 2024, at 10:00 a.m. Mountain Daylight Time.. Stockholders can attend, vote, and submit questions via a live webcast at www.virtualshareholdermeeting.com/TTEC2024.. Proxy materials are being made available electronically to stockholders to expedite receipt, reduce environmental impact, and lower costs..
Is TTEC Holdings, Inc. a risky investment based on this filing?
Based on this DEF 14A, TTEC Holdings, Inc. presents a moderate-risk profile. The filing is a routine proxy statement for an annual meeting, containing standard information about the meeting logistics and voting procedures, with no immediate financial or operational disclosures that would indicate high risk.
What should investors do after reading TTEC Holdings, Inc.'s DEF 14A?
Stockholders should review the proxy materials and vote their shares promptly for the upcoming Annual Meeting of Stockholders. The overall sentiment from this filing is neutral.
How does TTEC Holdings, Inc. compare to its industry peers?
TTEC Holdings, Inc. operates in the services sector, specifically focusing on help supply services (SIC 7363), which involves managing customer interactions and business process outsourcing.
Are there regulatory concerns for TTEC Holdings, Inc.?
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies from shareholders.
Industry Context
TTEC Holdings, Inc. operates in the services sector, specifically focusing on help supply services (SIC 7363), which involves managing customer interactions and business process outsourcing.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically Schedule 14A, which governs the solicitation of proxies from shareholders.
What Investors Should Do
- Review the proxy materials for the TTEC Holdings, Inc. Annual Meeting of Stockholders.
- Vote your shares promptly, either online or through other available methods.
- Attend the virtual Annual Meeting on May 22, 2024, to participate and submit questions.
Key Dates
- 2024-05-22: Annual Meeting of Stockholders — Key date for stockholder participation and voting.
Year-Over-Year Comparison
This filing is a Definitive Proxy Statement (DEF 14A) for the 2024 Annual Meeting, following the standard disclosure requirements for such events.
Filing Stats: 4,310 words · 17 min read · ~14 pages · Grade level 17.4 · Accepted 2024-04-10 16:31:16
Key Financial Figures
- $2.463 b — nals. Our revenue for fiscal 2023 was $2.463 billion, approximately $487 million, or 2
- $487 m — 2023 was $2.463 billion, approximately $487 million, or 20%, of which came from our T
- $1.976 b — came from our TTEC Digital segment and $1.976 billion, or 80%, of which came from our T
- $2.46 b — is summarized below: Our revenue was $2.46 billion, an increase of 0.8% over the pri
- $118.0 m — year. Our income from operations was $118.0 million, or 4.8% of revenue, a 30.0% decr
- $200.4 m — om operations on a non-GAAP basis 1 was $200.4 million, or 8.1% of revenue, compared to
- $144.8 million — sh provided by operating activities was $144.8 million compared to $137.0 million in the prior
- $137.0 million — tivities was $144.8 million compared to $137.0 million in the prior year. Our diluted earnin
- $0.18 — . Our diluted earnings per share were $0.18 compared to $2.18 in the prior year, an
- $2.18 — rnings per share were $0.18 compared to $2.18 in the prior year, and $2.18 1 compared
- $3.59 — the prior year, and $2.18 1 compared to $3.59 in the prior year on a non-GAAP basis.
- $49.2 million — a non-GAAP basis. We paid a total of $49.2 million in cash dividends to our shareholders.
Filing Documents
- tm242641d2_def14a.htm (DEF 14A) — 1122KB
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- 0001104659-24-045835.txt ( ) — 5574KB
- ttec-20231231.xsd (EX-101.SCH) — 12KB
- ttec-20231231_def.xml (EX-101.DEF) — 7KB
- ttec-20231231_lab.xml (EX-101.LAB) — 47KB
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- tm242641d2_def14a_htm.xml (XML) — 73KB
EXECUTIVE COMPENSATION TABLES
EXECUTIVE COMPENSATION TABLES 48 Summary Compensation Table for 2023 48 Non-qualified Deferred Compensation Table 49 All Other Compensation Table 49 Grants of Plan-Based Awards 50 Outstanding Equity Awards at Year-End 50 Stock Vested 52 Potential Payments Upon Termination or Change in Control 52 Termination and Change in Control Table 53 2023 CEO Pay Ratio 54 Pay Versus Performance 54 Equity Compensation Plan Information 58 Compensation Committee Interlocks and Insider Participation 58 COMPENSATION COMMITTEE REPORT 58 GAAP TO NON-GAAP RECONCILIATION OF PERFORMANCE METRICS 59 PROPOSALS TO BE VOTED ON AT THE ANNUAL MEETING 60 PROPOSAL NO. 1: ELECTION OF DIRECTORS 60 Limits on Director Service on Other Public Company Boards 61 Director Term, Availability, and Ability to Serve 62 Nominations of Directors 62 2024 Director Nominees 63 Board Diversity Matrix 67 Required Vote 67 Recommendation of the Board 67 PROPOSAL NO. 2: RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 68 Fees Paid to Accountants 68 Audit Fees 68 Audit-Related Fees 68 Tax Fees 68 All Other Fees 68 Policy on Audit Committee of the Board Pre-Approval of Audit and Non-Audit Services 69 Required Vote 69 Recommendation of the Board and the Audit Committee 69 PROPOSAL NO. 3: APPROVAL OF AN AMENDMENT TO THE TTEC 2020 EQUITY INCENTIVE PLAN 70 Required Vote 76 Recommendation of the Board 76 ADDITIONAL INFORMATION 77 Stockholder Submission of Nominations and Proposals 77 Other Business 77 Annual Report 77 Appendix A – Amendment to the TTEC 2020 Equity Incentive Plan A-1 Appendix B – Conformed Copy of TTEC 2020 Equity Incentive Plan B-1 6312 S. Fiddler's Green Circle, Suite 100N Greenwood Village, CO 80111 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS PROXY STATEMENT EXECUTIVE SUMMARY This summary highlights only selected information contained in this