Willdan Group, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: WLDN · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 1370450

Willdan Group, Inc. DEF 14A Filing Summary
FieldDetail
CompanyWilldan Group, Inc. (WLDN)
Form TypeDEF 14A
Filed DateApr 19, 2024
Risk Level
Pages15
Reading Time18 min
Key Dollar Amounts$510.1 Million, $10.9 Million, $45.7 Million, $39.2 Million, $21.50
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Willdan Group, Executive Compensation, Corporate Governance

TL;DR

<b>Willdan Group, Inc. has filed its Definitive Proxy Statement (DEF 14A) on April 19, 2024, for the reporting period ending June 13, 2024.</b>

AI Summary

Willdan Group, Inc. (WLDN) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Filing Type: DEF 14A (Definitive Proxy Statement). Filing Date: 2024-04-19. Period of Report: 2024-06-13. Company Name: Willdan Group, Inc. SIC Code: 8711 (Services-Engineering Services).

Why It Matters

For investors and stakeholders tracking Willdan Group, Inc., this filing contains several important signals. This filing is a routine proxy statement, indicating that the company is preparing for its annual shareholder meeting where key corporate decisions, such as director elections and executive compensation, will be voted upon. The DEF 14A filing provides detailed information about executive compensation, board of directors, and other governance matters, allowing shareholders to make informed voting decisions.

Risk Assessment

Risk Level: — Willdan Group, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A, which typically contains standard disclosures and does not present new material risks.

Analyst Insight

Review the executive compensation details and director nominations within the DEF 14A to understand potential changes in corporate governance and management incentives.

Key Numbers

  • 2024-04-19 — Filing Date (DEF 14A)
  • 2024-06-13 — Period of Report (DEF 14A)
  • 1231 — Fiscal Year End (Company Data)

Key Players & Entities

  • Willdan Group, Inc. (company) — Company Name
  • 2024-04-19 (date) — Filing Date
  • 2024-06-13 (date) — Period of Report
  • 8711 (industry_code) — Standard Industrial Classification

FAQ

When did Willdan Group, Inc. file this DEF 14A?

Willdan Group, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 19, 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 Willdan Group, Inc. (WLDN).

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

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

Willdan Group, Inc. filed this DEF 14A on April 19, 2024. Key takeaways: Filing Type: DEF 14A (Definitive Proxy Statement). Filing Date: 2024-04-19. Period of Report: 2024-06-13.

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

Based on this DEF 14A, Willdan Group, Inc. presents a moderate-risk profile. The filing is a routine DEF 14A, which typically contains standard disclosures and does not present new material risks.

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

Review the executive compensation details and director nominations within the DEF 14A to understand potential changes in corporate governance and management incentives. The overall sentiment from this filing is neutral.

How does Willdan Group, Inc. compare to its industry peers?

Willdan Group operates in the engineering services sector, providing professional services to public agencies and private companies.

Are there regulatory concerns for Willdan Group, Inc.?

As a publicly traded company, Willdan Group is subject to SEC regulations and disclosure requirements, including the filing of proxy statements.

Industry Context

Willdan Group operates in the engineering services sector, providing professional services to public agencies and private companies.

Regulatory Implications

As a publicly traded company, Willdan Group is subject to SEC regulations and disclosure requirements, including the filing of proxy statements.

What Investors Should Do

  1. Analyze the compensation packages for named executive officers.
  2. Review the proposals to be voted on at the shareholder meeting.
  3. Examine the composition and independence of the Board of Directors.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document. No comparative data from a previous filing is directly presented in this extract.

Filing Stats: 4,451 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-04-19 16:17:21

Key Financial Figures

  • $510.1 Million — 2023 Performance Highlights Revenue $510.1 Million Net Income (Loss) $10.9 Million A
  • $10.9 Million — $510.1 Million Net Income (Loss) $10.9 Million Adjusted EBITDA (1) $45.7 Million
  • $45.7 Million — $10.9 Million Adjusted EBITDA (1) $45.7 Million Cash from Operations $39.2 Million
  • $39.2 Million — $45.7 Million Cash from Operations $39.2 Million (1) See Appendix B for the Company's
  • $21.50 — of 18.9% and our common stock closed at $21.50 per share at the end of fiscal 2023, an
  • $17.85 — 2023, an increase of 20.4% compared to $17.85 at the end of fiscal 2022. We serve o

Filing Documents

Executive Compensation

Executive Compensation 45 Compensation Discussion and Analysis 45 202 3 Named Executive Officers 46 2023 Say-on-Pay Vote and Executive Compensation Program 46

Executive Compensation Program Objectives and Philosophy

Executive Compensation Program Objectives and Philosophy 52 Role of the Compensation Committee 54 Compensation Peer Group 54 Role of Shareholder Say-on-Pay Votes 54

Executive Compensation Program Elements

Executive Compensation Program Elements 55 Compensation of Executive Officers 60 Grants of Plan-Based Awards in Fiscal 2023 62 Outstanding Equity Awards at Fiscal 2023 Year-End 63 Option Exercises and Stock Vested in Fiscal 2023 64 Potential Payments Upon Termination or Change in Control 64 Pay Ratio Disclosure 65 Pay vs. Performance 66 Equity Compensation Plan Information 70 Report of the Audit Committee 71

Security Ownership Information

Security Ownership Information 72 Certain Relationships and Related Person Transactions 74 Related Person Transaction Policy 74 Related Person Transactions 74 Other Information 75 Solicitation of Proxies 78 Householding of Stockholder Materials 78 Annual Report on Form 10-K 79 Stockholder Proposals 79 Other Matters 80 Appendix A A-1 Appendix B B-1 6 Table of Contents Proxy Summary This section contains summary information explained in greater detail in other parts of this proxy statement and does not contain all the information you should consider before voting. Stockholders are urged to read the entire proxy statement before voting. We will mail a Notice of Internet Availability of Proxy Materials to our stockholders of record that did not request to receive printed copy of our proxy materials on or about April 25, 2024 with instructions for accessing the proxy materials and voting via the Internet. About Willdan Willdan Group, Inc. ("we," "our," "us," "Willdan" or the "Company") is a provider of professional, technical and consulting services to utilities, private industry, and public agencies at all levels of government. As resource and infrastructure needs undergo continuous change, we help organizations and their communities evolve and thrive by providing a wide range of technical services for energy solutions, greenhouse gas reduction, and government infrastructure. Through engineering, program management, policy advisory, and software and data management, we plan, design and deliver trusted, comprehensive, innovative, and proven solutions to improve efficiency, resiliency, and sustainability in energy and infrastructure to our clients. We believe our ability to provide innovation is enhanced by partnerships with our forward-thinking clients. We aim to create an environment that is diverse and inclusive, embracing the breadth of experience across our talent force with a culture of innovation and entrepreneu

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