Virco Mfg. Corp. Files Definitive Proxy Statement

TL;DR

<b>Virco Mfg. Corp. has filed its Definitive Proxy Statement for the fiscal year ending January 31, 2024, detailing executive compensation and equity awards.</b>

AI Summary

VIRCO MFG CORPORATION (VIRC) filed a Proxy Statement (DEF 14A) with the SEC on May 7, 2024. Virco Mfg. Corp. filed a Definitive Proxy Statement (DEF 14A) on May 7, 2024. The filing covers the fiscal year ending January 31, 2024. The company's principal executive offices are located at 2027 Harpers Way, Torrance, CA 90501. The mailing address for the company is P.O. Box 44846, Los Angeles, CA 90044. The filing includes information related to equity awards and pension values for fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking VIRCO MFG CORPORATION, this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and potential impacts on company performance. Shareholders can use this information to make informed voting decisions on matters presented at the annual meeting, such as director elections and executive compensation plans.

Risk Assessment

Risk Level: low — VIRCO MFG CORPORATION shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate financial or operational performance indicators.

Analyst Insight

Review the executive compensation details and equity award valuations to assess alignment with company performance and shareholder interests.

Key Numbers

• 2024-01-31 — Fiscal Year End (Conformed Period of Report)
• 2024-05-07 — Filing Date (Filed as of Date)
• 2023-02-01 — Reporting Period Start (Fiscal Year 2023)
• 2022-02-01 — Reporting Period Start (Fiscal Year 2022)
• 2021-02-01 — Reporting Period Start (Fiscal Year 2021)

Key Players & Entities

• VIRCO MFG CORPORATION (company) — Filer
• 2027 HARPERS WAY (location) — Business Address
• TORRANCE (location) — Business Address City
• CA (location) — Business Address State
• 90501 (location) — Business Address ZIP
• P O BOX 44846 (location) — Mail Address
• LOS ANGELES (location) — Mail Address City
• CA (location) — Mail Address State

FAQ

Industry Context

Virco Mfg. Corp. operates in the public building and related furniture industry, manufacturing and distributing furniture for educational, government, and other institutional markets.

Regulatory Implications

The filing is a DEF 14A, a type of proxy statement required by the SEC for publicly traded companies to solicit proxies from shareholders for annual or special meetings.

What Investors Should Do

1. Analyze the executive compensation table for named executive officers.
2. Review the details of equity awards granted and their valuation.
3. Examine any proposals to be voted on by shareholders at the upcoming meeting.

Key Dates

• 2024-01-31: Fiscal Year End — End of the reporting period for financial data.
• 2024-05-07: Filing Date — Date the DEF 14A was filed with the SEC.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard disclosure document. No specific comparative data from a prior filing was immediately apparent in the provided text.

Filing Documents

• virc-20240506.htm (DEF 14A) — 394KB
• virc-20240506_g1.jpg (GRAPHIC) — 71KB
• virc-20240506_g2.jpg (GRAPHIC) — 68KB
• virc-20240506_g3.jpg (GRAPHIC) — 120KB
• virc-20240506_g4.jpg (GRAPHIC) — 116KB
• virc-20240506_g5.jpg (GRAPHIC) — 89KB
• virc-20240506_g6.jpg (GRAPHIC) — 107KB
• virc-20240506_g7.jpg (GRAPHIC) — 177KB
• virc-20240506_g8.jpg (GRAPHIC) — 119KB
• 0001628280-24-020770.txt (&nbsp;) — 3119KB
• virc-20240506.xsd (EX-101.SCH) — 1KB
• virc-20240506_htm.xml (XML) — 98KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 10

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 12 PAY VERSUS PERFORMANCE 16 DIRECTOR COMPENSATION 20 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 21 REPORT OF THE AUDIT COMMITTEE 21 RELATIONSHIP WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 22 OTHER MATTERS 23 Table of Contents Virco Mfg. Corporation 2027 Harpers Way Torrance, California 90501 PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS GENERAL INFORMATION This Proxy Statement is being delivered to stockholders of Virco Mfg. Corporation, a Delaware corporation (the " Company ," " we ," " our " or " us "), on or about May 7, 2024, in connection with the solicitation by the Board of Directors (the " Board ") of proxies to be used at the 2024 Annual Meeting of Stockholders (the " Annual Meeting ") of the Company to be held on Tuesday, June 18, 2024, at 10:00 a.m. Pacific Time, and at any and all adjournments and postponements thereof. Please note that the 2024 Annual Meeting of Stockholders will be held at our corporate headquarter located at 2027 Harpers Way, Torrance, CA 90501. The cost of preparing, assembling and mailing the Notice of the Annual Meeting, Proxy Statement and form of proxy and the solicitation of proxies will be paid by the Company. Proxies may be solicited by mail, telephone, e-mail or other electronic means by personnel of the Company who will not receive any additional compensation for such solicitation. The Company will reimburse brokers or other persons holding stock in their names or the names of their nominees for the expenses of forwarding soliciting material to their principals. Pursuant to rules adopted by the Securities and Exchange Commission (" SEC "), we have elected to provide access to our proxy materials electronically over the Internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials to our stockholders. Stockholders have the ability to access our proxy materials on the website referred to in the Notice of Internet Av

View Full Filing

View this DEF 14A filing on SEC EDGAR