YETI Holdings, Inc. Files Definitive Proxy Statement for 2024 Annual Meeting

Ticker: YETI · Form: DEF 14A · Filed: Mar 26, 2024 · CIK: 1670592

Yeti Holdings, Inc. DEF 14A Filing Summary
FieldDetail
CompanyYeti Holdings, Inc. (YETI)
Form TypeDEF 14A
Filed DateMar 26, 2024
Risk Level
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance, Annual Meeting

TL;DR

<b>YETI Holdings, Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance for its upcoming 2024 Annual Meeting.</b>

AI Summary

YETI Holdings, Inc. (YETI) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. YETI Holdings, Inc. filed a DEF 14A form on March 26, 2024, for its 2024 Annual Meeting of Stockholders. The filing covers the fiscal year ending December 28, 2023. The company's principal executive offices are located at 7601 Southwest Parkway, Austin, TX 78735. The filing includes information on executive compensation, equity awards, and other corporate governance matters. The report date is May 7, 2024.

Why It Matters

For investors and stakeholders tracking YETI Holdings, Inc., this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation packages and the company's proposed board of directors, enabling informed voting decisions. The DEF 14A outlines the company's performance metrics and how they relate to executive pay, offering transparency into the alignment of management incentives with shareholder interests.

Risk Assessment

Risk Level: — YETI Holdings, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and director nominations to understand management's incentives and the proposed governance structure for the upcoming fiscal year.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Covered by the filing)
  • 2024-03-26 — Filing Date (Date the DEF 14A was filed)
  • 2024-05-07 — Report Date (Date as of which the report is filed)

Key Players & Entities

  • YETI Holdings, Inc. (company) — Filer of the DEF 14A
  • Austin, TX (location) — Business and mailing address
  • 7601 Southwest Parkway (location) — Business and mailing address
  • 2024-03-26 (date) — Filing date
  • 2024-05-07 (date) — Report date

FAQ

When did YETI Holdings, Inc. file this DEF 14A?

YETI Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 26, 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 YETI Holdings, Inc. (YETI).

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

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

YETI Holdings, Inc. filed this DEF 14A on March 26, 2024. Key takeaways: YETI Holdings, Inc. filed a DEF 14A form on March 26, 2024, for its 2024 Annual Meeting of Stockholders.. The filing covers the fiscal year ending December 28, 2023.. The company's principal executive offices are located at 7601 Southwest Parkway, Austin, TX 78735..

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

Based on this DEF 14A, YETI Holdings, Inc. presents a moderate-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic shifts, indicating a low level of immediate risk.

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

Review the executive compensation details and director nominations to understand management's incentives and the proposed governance structure for the upcoming fiscal year. The overall sentiment from this filing is neutral.

How does YETI Holdings, Inc. compare to its industry peers?

YETI Holdings, Inc. operates in the outdoor and lifestyle product industry, focusing on coolers, drinkware, and related accessories.

Are there regulatory concerns for YETI Holdings, Inc.?

The filing is a standard DEF 14A (Definitive Proxy Statement) required by the SEC for public companies to solicit shareholder votes.

Industry Context

YETI Holdings, Inc. operates in the outdoor and lifestyle product industry, focusing on coolers, drinkware, and related accessories.

Regulatory Implications

The filing is a standard DEF 14A (Definitive Proxy Statement) required by the SEC for public companies to solicit shareholder votes.

What Investors Should Do

  1. Review the 'Proposals' section to understand the items shareholders will vote on.
  2. Examine the 'Executive Compensation' section for details on pay for named executive officers.
  3. Analyze the 'Director Nominees' section to understand the proposed board composition.

Key Dates

  • 2024-03-26: Filing of DEF 14A — Provides details on executive compensation and corporate governance for the upcoming annual meeting.
  • 2024-05-07: Report Date — The date as of which the proxy statement is filed.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for annual meetings and does not represent a change from previous filings in terms of company operations or financial performance.

Filing Stats: 4,582 words · 18 min read · ~15 pages · Grade level 14.5 · Accepted 2024-03-26 08:02:04

Filing Documents

EXECUTIVE COMPENSATION 26

EXECUTIVE COMPENSATION 26 Proposal 2. Approval, on an Advisory Basis, of the Compensation Paid to Our Named Executive Officers 26 Executive Officers 27 Compensation Discussion and Analysis 28 Executive Summary 29 Compensation Philosophy and Objectives 33 Compensation Determination Process 35 Compensation Program Components 37 Additional Compensation Policies and Practices 45 Executive Stock Ownership Guidelines 45 Clawback Policy 45 Anti-Hedging and Anti-Pledging Policies 45 Compensation Committee Report 46 2023 Summary Compensation Table 47 Employment Agreements 48 Fiscal 2023 Grants of Plan-Based Awards Table 49 Outstanding Equity Awards at 2023 Fiscal Year-End Table 51 Equity Compensation Plans 53 Fiscal 2023 Option Exercises and Stock Vested Table 53 Post-Termination Compensation 54 Senior Leadership Severance Benefits Plan 54 Potential Payments upon Termination or Change of Control 54 Post-Employment Compensation Table 56 CEO Pay Ratio 57 Pay Versus Performance Information 58 Equity Compensation Plan Information 62 EQUITY PLAN 63 Proposal 3. Approval of the 2024 Equity and Incentive Compensation Plan 63 AUDIT MATTERS 70 Independent Registered Public Accounting Firm Fees 70 Audit Committee Pre-Approval of Audit and Non-Audit Services 70 Audit Committee Report 71 Proposal 4. Ratification of Appointment of Independent Registered Public Accounting Firm 72 STOCK OWNERSHIP 73

Security Ownership of Certain Beneficial Owners and Management 73

Security Ownership of Certain Beneficial Owners and Management 73 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 74 Policies and Procedures for Related-Party Transactions 74 ADDITIONAL INFORMATION 76 Questions and Answers about the Annual Meeting 76 Director Nominations and Stockholder Proposals 79 Annual Report 79 Other Business 79 APPENDIX A 1 2024 Equity and Incentive Compensation Plan 1 APPENDIX B 1 Reconciliation of Non-GAAP Financial Measures 1 PROXY SUMMARY This Proxy Statement of YETI is being furnished in connection with the solicitation of proxies by YETI's Board of Directors (the "Board") for use at YETI's Annual Meeting to be held on Tuesday, May 7, 2024, at the time and place and for the purpose of voting on the matters set forth in the Notice of Annual Meeting of Stockholders (the "Annual Meeting Notice") and any adjournment(s) or postponement(s) thereof. YETI's proxy materials are first being made available on or about March 26, 2024 to all stockholders entitled to vote at the Annual Meeting. The summary below highlights certain information contained in this Proxy Statement but does not contain all of the information that you should consider before voting. For more complete information, please review our Annual Report and this entire Proxy Statement. MATTERS TO BE VOTED ON The matters to be voted on at the Annual Meeting and the Board voting recommendations for such matters are as set forth below: Board Recommendation Page Reference 1 The election of the two Class III director nominees named in this Proxy Statement to serve until YETI's 2027 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified; FOR 6 2 The approval, by a non-binding advisory vote, of the compensation paid to YETI's named executive officers; FOR 26 3 The approval of the 2024 Equity and Incentive Compensation Plan; and FOR 63 4 The ratification of the appointment of PricewaterhouseCoopers LL

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