Usio, Inc. files Definitive Proxy Statement for 2024 Annual Meeting

Ticker: USIO · Form: DEF 14A · Filed: Apr 29, 2024 · CIK: 1088034

Usio, Inc. DEF 14A Filing Summary
FieldDetail
CompanyUsio, Inc. (USIO)
Form TypeDEF 14A
Filed DateApr 29, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Corporate Governance, Executive Compensation, Director Election

TL;DR

<b>Usio, Inc. has filed its Definitive Proxy Statement for the 2024 Annual Shareholders' Meeting, outlining director elections, executive compensation, and corporate governance matters.</b>

AI Summary

Usio, Inc. (USIO) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Usio, Inc. will hold its 2024 Annual Shareholders' Meeting on June 18, 2024, at 10 a.m. CDT. The meeting will take place at Usio's offices in San Antonio, Texas, and via webcast. The proxy statement details the election of directors, advisory vote to approve executive compensation, and ratification of independent auditors. Key governance information, director compensation, and executive compensation details for 2023 and 2022 are provided. The filing includes information on risk oversight, director nominations, and stockholder communications with the board.

Why It Matters

For investors and stakeholders tracking Usio, Inc., this filing contains several important signals. Shareholders will vote on the election of directors and advisory approval of executive compensation, directly impacting the company's leadership and incentive structures. The proxy statement provides crucial details on corporate governance, risk oversight, and compensation policies, enabling shareholders to make informed voting decisions.

Risk Assessment

Risk Level: low — Usio, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new material financial information or significant operational changes, indicating a low level of immediate risk.

Analyst Insight

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

Key Numbers

  • 2024 — Annual Meeting Year (Year of the Annual Shareholders' Meeting.)
  • June 18 — Meeting Date (Date of the 2024 Annual Shareholders' Meeting.)
  • 10 a.m. CDT — Meeting Time (Time of the 2024 Annual Shareholders' Meeting.)
  • 2023 — Fiscal Year End (Year for which Summary Compensation Table data is provided.)
  • 2022 — Fiscal Year End (Year for which Summary Compensation Table data is provided.)

Key Players & Entities

  • Usio, Inc. (company) — Registrant and filer of the proxy statement.
  • June 18, 2024 (date) — Date of the 2024 Annual Shareholders' Meeting.
  • San Antonio, Texas (location) — Location of Usio's offices where the meeting will be held.
  • Payment Data Systems Inc (company) — Former name of Usio, Inc.
  • BILLSERV INC (company) — Former name of Usio, Inc.

FAQ

When did Usio, Inc. file this DEF 14A?

Usio, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 29, 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 Usio, Inc. (USIO).

Where can I read the original DEF 14A filing from Usio, 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 Usio, Inc..

What are the key takeaways from Usio, Inc.'s DEF 14A?

Usio, Inc. filed this DEF 14A on April 29, 2024. Key takeaways: Usio, Inc. will hold its 2024 Annual Shareholders' Meeting on June 18, 2024, at 10 a.m. CDT.. The meeting will take place at Usio's offices in San Antonio, Texas, and via webcast.. The proxy statement details the election of directors, advisory vote to approve executive compensation, and ratification of independent auditors..

Is Usio, Inc. a risky investment based on this filing?

Based on this DEF 14A, Usio, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new material financial information or significant operational changes, indicating a low level of immediate risk.

What should investors do after reading Usio, Inc.'s DEF 14A?

Shareholders should review the director nominees and executive compensation details to make informed voting decisions at the upcoming annual meeting. The overall sentiment from this filing is neutral.

Risk Factors

  • General Disclosure Requirements [low — regulatory]: The filing adheres to SEC regulations for proxy statements, ensuring transparency and compliance with disclosure rules.
  • Annual Meeting Logistics [low — operational]: The proxy statement outlines the logistics for the annual meeting, including date, time, and location, which are critical for shareholder participation.
  • Executive Compensation Details [low — financial]: Information on executive compensation for 2023 and 2022 is provided, allowing shareholders to assess pay-for-performance alignment.

Key Dates

  • 2024-06-18: 2024 Annual Shareholders' Meeting — Shareholders will vote on key proposals, including director elections and executive compensation.

Glossary

DEF 14A
Definitive Proxy Statement filed with the SEC. (This is the primary document for shareholders to review before the annual meeting.)
Proxy Statement
A document filed by a company with the SEC that contains information that shareholders need to vote on company matters. (Essential for understanding the proposals being voted on at the annual meeting.)

Filing Stats: 4,831 words · 19 min read · ~16 pages · Grade level 11.2 · Accepted 2024-04-29 16:26:51

Filing Documents

Executive Compensation

Executive Compensation 17 Named Executive Officers 17 Compensation Overview 17 Role of the Compensation Committee 17 Compensation Philosophy and Objectives 17 Summary Compensation Table for the Years Ended December 31, 2023 and 2022 17 Narrative to Summary Compensation Table 18 Outstanding Equity Awards at Fiscal-Year End 18 Retirement Benefits 19 Non-qualified Deferred Compensation 19 Potential Payments Upon Termination or Change of Control 20 Pay for Performance 20 Relationship between Pay and Performance 20 Proposal 2 – Advisory Vote to Approve Executive Compensation 21 Required Vote and Voting Recommendation 21 Share Ownership 22 Equity Compensation Plan Information 22

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 22 Stockholders Known by Us to Own 5% or more of our common stock 23

Security Ownership of Officers and Directors

Security Ownership of Officers and Directors 23 Delinquent Section 16(a) Reports 24 Audit Matters 24 Report of the Audit Committee 24 Proposal 3 – Ratification of the Appointment of PKF (Pannell Kerr Forester) of Texas, P.C. 25 Required Vote and Voting Recommendation 25 Principal Accountant Fees and Services 26 Audit Committee Pre-Approval Policies and Procedures 26 General Information 26 Shareholder Proposals 26 "Householding" of Proxy Materials 27 Other Matters 28 Appendix A – Form of Proxy Card 30 Table of Contents 3611 Paesanos Parkway, Suite 300 San Antonio, TX 78231 (210) 249-4100 April 29, 2024 Dear Fellow Stockholder: You are cordially invited to attend the 2024 Annual Meeting of Stockholders of Usio. Inc. The meeting will be held at 10 a.m. local time on Tuesday, June 18, 2024, at Usio's offices located at 3611 Paesanos Parkway, Suite 300, San Antonio, Texas 78231. Stockholders will also be able to participate in the meeting online, vote shares electronically and submit questions during the meeting. In order to participate in the Annual Meeting online, Stockholders must register by sending an email to ir@usio.com or by calling (210) 249-4050 by 12 p.m. CDT on June 17, 2024, and provide certain documentation to indicate that they are a Stockholder. The formal Notice of the 2024 Annual Meeting and Proxy Statement has been made a part of this invitation. Whether or not you attend the Annual Meeting, it is important that your shares are represented and voted at the Annual Meeting. After reading the Proxy Statement, please promptly vote and submit your proxy by dating, signing, and returning the enclosed proxy card in the enclosed postage-prepaid envelope. Important Notice Regarding the Availability of Proxy Materials for the Annual Stockholder Meeting: The Proxy Statement, form of proxy, Annual Report on Form 10-K for the year ended December 31, 2023 and related materials are available at www.proxyvote.com , b

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