Weis Markets, Inc. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Weis Markets, Inc. will hold its 2024 Annual Shareholder Meeting on May 2, 2024, to elect directors and vote on shareholder proposals concerning climate risk and animal welfare in its supply chain.</b>

AI Summary

WEIS MARKETS INC (WMK) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. The 2024 Annual Meeting of Shareholders for Weis Markets, Inc. will be held on May 2, 2024, at 10:00 a.m. EDT in Sunbury, Pennsylvania. Key agenda items include the election of five directors, ratification of the independent registered public accounting firm for fiscal year ending December 28, 2024, and consideration of two shareholder proposals. Shareholder proposals focus on reports regarding the company's approach to climate-change related risks and humane animal treatment within its supply chain. The Board of Directors has set March 14, 2024, as the record date for determining shareholders entitled to vote at the meeting. The filing is a Definitive Proxy Statement (DEF 14A) submitted on March 14, 2024.

Why It Matters

For investors and stakeholders tracking WEIS MARKETS INC, this filing contains several important signals. Shareholders will vote on the election of directors and the appointment of the company's auditor, directly impacting corporate governance and financial oversight. The inclusion of shareholder proposals on climate change and animal welfare indicates a growing focus on ESG (Environmental, Social, and Governance) factors within the grocery retail sector.

Risk Assessment

Risk Level: low — WEIS MARKETS INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational red flags.

Analyst Insight

Shareholders should review the director nominees and the company's responses to the ESG-focused shareholder proposals before the May 2nd meeting.

Key Numbers

• 5 — Directors to be elected (Election of Directors agenda item)
• 2024-12-28 — Fiscal Year End (Fiscal year for which the independent auditor is appointed)

Key Players & Entities

• WEIS MARKETS, INC. (company) — Registrant name
• May 2, 2024 (date) — Date of Annual Meeting
• March 14, 2024 (date) — Record date for Annual Meeting
• Sunbury, Pennsylvania (location) — Location of Annual Meeting

FAQ

Risk Factors

• General Disclosure Requirements [low — regulatory]: The filing adheres to SEC regulations for proxy statements, ensuring transparency for shareholders.

Industry Context

Weis Markets, Inc. operates in the grocery store retail sector. This filing is a standard proxy statement for its annual shareholder meeting.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101, which governs the content of proxy statements.

What Investors Should Do

1. Review the biographies and qualifications of the director nominees.
2. Analyze the company's stated positions on the shareholder proposals regarding climate change and animal welfare.
3. Understand the voting procedures and deadlines for proxy submission.

Key Dates

• 2024-05-02: Annual Meeting of Shareholders — Election of directors, ratification of auditor, and shareholder proposals to be considered.
• 2024-03-14: Record Date — Determines shareholders eligible to vote at the Annual Meeting.

Year-Over-Year Comparison

This is the initial proxy statement filing for the 2024 annual meeting, following the typical annual reporting cycle.

Filing Documents

• wmk-20231230xdef14a.htm (DEF 14A) — 585KB
• wmk-20231230xdef14a003.jpg (GRAPHIC) — 3KB
• wmk-20231230xdef14a009.jpg (GRAPHIC) — 63KB
• wmk-20231230xdef14a010.jpg (GRAPHIC) — 61KB
• wmk-20231230xdef14a011.jpg (GRAPHIC) — 59KB
• wmk-20231230xdef14a012.jpg (GRAPHIC) — 40KB
• wmk-20231230xdef14a017.jpg (GRAPHIC) — 182KB
• wmk-20231230xdef14a018.jpg (GRAPHIC) — 133KB
• wmk-20231230xdef14a019.jpg (GRAPHIC) — 137KB
• wmk-20231230xdef14a020.jpg (GRAPHIC) — 103KB
• 0000105418-24-000018.txt (&nbsp;) — 2981KB
• wmk-20231230.xsd (EX-101.SCH) — 4KB
• wmk-20231230_lab.xml (EX-101.LAB) — 4KB
• wmk-20231230_pre.xml (EX-101.PRE) — 3KB
• wmk-20231230xdef14a_htm.xml (XML) — 57KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 WEIS MARKETS, INC. (Name of registrant as specified in its charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Notice of Annual Meeting of Shareholders of WEIS MARKETS, INC. To Be Held On MAY 2, 2024 TO OUR SHAREHOLDERS: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of the Shareholders (the "Annual Meeting") of Weis Markets, Inc. (the "Company"), will be held on Thursday, May 2, 2024, at 10:00 a.m., Eastern Daylight Time, at the principal executive offices of the Company, 1000 South Second Street, Sunbury, Pennsylvania 17801, for the following purposes: 1. Election of Directors : To elect five directors to serve, subject to provisions of the by-laws, until the next Annual Meeting of Shareholders or until their respective successors have qualified; 2. Ratification of Appointment of the Independent Registered Public Accounting Firm : To approve the appointment of the independent registered public accounting firm for the fiscal year ending December 28, 2024; 3. Shareholder Proposal: To consider and act upon a shareholder proposal requesting a report on how the Company is addressing climate-change related risks in its Supply Chain; 4. Shareholder Proposal: To consider and act upon a shareholder proposal requesting a report on how the Company is prioritizing the humane treatment of animals in its Supply Chain; 5. Other Business: To act upon such other business as may properly come before such meeting, or any adjournments or postponements thereof. The Board of Directors has fixed the close of business on March 14, 2024, as the record date for the Annual Meeting. Only holders of shares of Common Stock of record at that time will be entitled to receive notice and vote at the Annual Meeting and may vote by proxy (i) on the Internet, (ii) by telephone or (iii) by signing and dating a proxy card and returning it to the Company. This summary is qualified in its entirety by the detailed information contained within the Proxy Statement. Important Notice Regarding Availability of Proxy Materials for Weis Markets, Inc. Annual Meeting of Shareholders to be Held on May 2, 2024 This Proxy Statement, the form of proxy card, the Notice and the Company's Annual Report on Form 10-K are available at https://www.weismarkets.com/financial.html. By Order of the Board of Directors, Kurt A. Schertle Secretary March 14, 2024 Sunbury, Pennsylvania WEIS MARKETS, INC. PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS This Proxy Statement is being furnished to all shareholders of record as of March 14, 2024, the record date of the Company, in connection with the solicitation of proxies by the Board of Directors (the "Board") for use at the 2024 Annual Meeting. The Annual Meeting will be held on Thursday, May 2, 2024, at 10:00 a.m. Eastern Daylight Time, at the principal executive offices of the Company, 1000 South Second Street, Sunbury, Pennsylvania 17801. INFORMATION CONCERNING THE SOLICITATION The Company is sending an "Important Notice of Availability of Proxy Materials for the Annual Meeting of Shareholders of Weis Markets, Inc." (the "Notice") to its shareholders on or about March 14, 2024. The Company is providing access to its proxy materials over the Internet under rules adopted by the Securities and Exchange Commission (the "SEC"). All shareholders have the ability to access the proxy materials on the website identified in the Notice or to request a printed copy of proxy materials. The Notice provides instructions on how to access the proxy materials over the Internet, and how to request a printed copy of the proxy materials. This Proxy Statement, the form of proxy card, the Notice and the Company's Annual Report on Form 10-K are available at https://www.weismarkets.com/financial.html. An executed proxy may be revoked by the person signing the same at any time before the authority thereby granted is exercised. The revocation may be exercised at any time before the Annual Meeting by indicating the revocation in writing. This revocation should be directed to the Judge of Elections, Weis Markets, Inc., 1000 South Second Street, Sunbury, Pennsylvania 17801. The proxy may also be re

View Full Filing

View this DEF 14A filing on SEC EDGAR