Waters Corp. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Waters Corp. has filed its Definitive Proxy Statement for the period ending May 23, 2024, detailing executive compensation and corporate governance.</b>

AI Summary

WATERS CORP /DE/ (WAT) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. Waters Corp. filed a Definitive Proxy Statement (DEF 14A) on April 12, 2024. The filing covers the period ending May 23, 2024. The company's principal executive offices are located at 34 Maple St, Milford, MA 01757. Waters Corp. was formerly known as WCD Investors Inc. /DE/ until June 5, 1996. The filing includes data related to executive compensation and equity awards for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking WATERS CORP /DE/, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, director nominations, and other matters to be voted on at the upcoming annual meeting. Understanding the details of executive compensation and equity awards can offer insights into management's alignment with shareholder interests and the company's financial health.

Risk Assessment

Risk Level: low — WATERS CORP /DE/ shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices without immediate financial or operational red flags.

Analyst Insight

Review the executive compensation details and any shareholder proposals to understand management's incentives and potential governance changes.

Key Numbers

• 2024-05-23 — Reporting Period End Date (Conformed period of report)
• 2024-04-12 — Filing Date (Filed as of date)
• 1996-06-05 — Date of Name Change (Former company name change date)
• 2023-12-31 — Fiscal Year End (Fiscal year end date)

Key Players & Entities

• WATERS CORP /DE/ (company) — Filer name
• DEF 14A (filing) — Form type
• 2024-04-12 (date) — Filing date
• 34 MAPLE ST (address) — Business street address
• MILFORD (location) — Business city
• MA (location) — Business state
• 01757 (postal_code) — Business zip code
• WCD INVESTORS INC /DE/ (company) — Former company name

FAQ

Industry Context

Waters Corporation operates in the scientific instruments industry, specifically focusing on laboratory analytical instruments.

Regulatory Implications

As a publicly traded company, Waters Corp. is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) for shareholder meetings and disclosures.

What Investors Should Do

1. Analyze the executive compensation packages and any changes from previous years.
2. Review any shareholder proposals and the company's recommendations on how to vote.
3. Note the dates for the upcoming shareholder meeting and any related deadlines.

Key Dates

• 2024-04-12: Filing of DEF 14A — Indicates the company is providing updated proxy information to shareholders.
• 2024-05-23: Reporting Period End — Defines the scope of the information presented in the proxy statement.

Year-Over-Year Comparison

This filing is a standard DEF 14A and does not appear to represent a change in filing frequency or type compared to typical SEC disclosures.

Filing Documents

• d873997ddef14a.htm (DEF 14A) — 1140KB
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• 0001193125-24-094000.txt (&nbsp;) — 9672KB
• wat-20231231.xsd (EX-101.SCH) — 7KB
• wat-20231231_def.xml (EX-101.DEF) — 5KB
• wat-20231231_lab.xml (EX-101.LAB) — 12KB
• wat-20231231_pre.xml (EX-101.PRE) — 8KB
• d873997ddef14a_htm.xml (XML) — 233KB

EXECUTIVE COMPENSATION TABLES

EXECUTIVE COMPENSATION TABLES 43 PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL 49 CEO PAY RATIO DISCLOSURE 54 PAY VERSUS PERFORMANCE 55 DIRECTOR COMPENSATION 59 PROPOSAL 4 – AMENDMENT OF THE COMPANY'S CERTIFICATE OF INCORPORATION TO PROVIDE FOR EXCULPATION OF CERTAIN OFFICERS 62 PROPOSAL 5 — OTHER BUSINESS 64

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 65 ANNUAL REPORT ON FORM 10-K 67 SHAREHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING 67 SHAREHOLDERS SHARING AN ADDRESS 68 USER'S GUIDE 69 INFORMATION CONCERNING SOLICITATION AND VOTING 69 ELECTRONIC DELIVERY OF WATERS SHAREHOLDER COMMUNICATIONS 70 Certain of the statements in this Proxy Statement may contain "forward-looking" statements regarding future results and events. For this purpose, any statements that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words "feels", "believes", "anticipates", "plans", "expects", "intends", "suggests", "appears", "estimates", "projects" and similar expressions, whether in the negative or affirmative, are intended to identify forward-looking statements. The Company's actual future results may differ significantly from the results discussed in the forward-looking statements within this Proxy Statement for a variety of reasons, including and without limitation, the factors discussed in the sections entitled "Forward-Looking Statements" and "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Annual Report"), as updated by the Company's future filings with the Securities and Exchange Commission (the "SEC"). The forward-looking statements included in this Proxy Statement represent the Company's estimates or views as of the date of this Proxy Statement and should not be relied upon as representing the Company's estimates or views as of any date subsequent to the date of this Proxy Statement. Except as required by law, the Company does not assume any obligation to update any forward-looking statements. The Company is providing its website address in this Proxy Statement solely for the information of investors. The Company does not intend the address to be an active link or to otherwise incorporate the contents of the website, inc

View Full Filing

View this DEF 14A filing on SEC EDGAR