Symbotic Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: SYM · Form: DEF 14A · Filed: 2024-01-19T00:00:00.000Z

Sentiment: neutral

Topics: Annual Meeting, Proxy Statement, Virtual Meeting, Stockholder Registration, Symbotic Inc.

TL;DR

<b>Symbotic Inc. invites stockholders to its virtual 2024 Annual Meeting on March 1, 2024, requiring advance registration.</b>

AI Summary

Symbotic Inc. (SYM) filed a Proxy Statement (DEF 14A) with the SEC on January 19, 2024. Symbotic Inc. will hold its 2024 Annual Meeting of Stockholders on Friday, March 1, 2024, at 10:00 a.m. ET. The meeting will be conducted virtually via live webcast. Stockholders must register by 5:00 p.m. ET on February 29, 2024, to attend. Instructions for accessing the webcast and voting will be emailed after registration. A notice with instructions to access the proxy statement and annual report will be mailed on or about January 19, 2024.

Why It Matters

For investors and stakeholders tracking Symbotic Inc., this filing contains several important signals. The virtual format necessitates advance registration, potentially limiting spontaneous participation for those unaware of the deadline. The company is providing a proxy statement and annual report, crucial documents for stockholders to understand company performance and voting matters.

Risk Assessment

Risk Level: low — Symbotic 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 disclosures that would significantly alter risk perception.

Analyst Insight

Stockholders should review the proxy materials and register by February 29, 2024, to participate in the virtual annual meeting and vote.

Key Numbers

2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
March 1 — Annual Meeting Date (Friday, March 1, 2024)
10:00 a.m. ET — Annual Meeting Time (10:00 a.m. ET)
February 29 — Registration Deadline (5:00 p.m. ET on February 29, 2024)
January 19 — Notice Mailing Date (on or about Friday, January 19, 2024)

Key Players & Entities

Symbotic Inc. (company) — Registrant name
March 1, 2024 (date) — Date of Annual Meeting
February 29, 2024 (date) — Registration Deadline
January 19, 2024 (date) — Mailing date for notice
200 Research Drive, Wilmington, MA 01887 (address) — Company business address

FAQ

When did Symbotic Inc. file this DEF 14A?

Symbotic Inc. filed this Proxy Statement (DEF 14A) with the SEC on January 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 Symbotic Inc. (SYM).

Where can I read the original DEF 14A filing from Symbotic 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 Symbotic Inc..

What are the key takeaways from Symbotic Inc.'s DEF 14A?

Symbotic Inc. filed this DEF 14A on January 19, 2024. Key takeaways: Symbotic Inc. will hold its 2024 Annual Meeting of Stockholders on Friday, March 1, 2024, at 10:00 a.m. ET.. The meeting will be conducted virtually via live webcast.. Stockholders must register by 5:00 p.m. ET on February 29, 2024, to attend..

Is Symbotic Inc. a risky investment based on this filing?

Based on this DEF 14A, Symbotic Inc. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would significantly alter risk perception.

What should investors do after reading Symbotic Inc.'s DEF 14A?

Stockholders should review the proxy materials and register by February 29, 2024, to participate in the virtual annual meeting and vote. The overall sentiment from this filing is neutral.

How does Symbotic Inc. compare to its industry peers?

Symbotic Inc. operates in the industrial automation sector, providing robotic solutions for warehouses and distribution centers.

Are there regulatory concerns for Symbotic Inc.?

This filing is a standard proxy statement (DEF 14A) required by the SEC for public companies holding annual meetings, adhering to regulations for shareholder communication and voting.

Industry Context

Symbotic Inc. operates in the industrial automation sector, providing robotic solutions for warehouses and distribution centers.

Regulatory Implications

This filing is a standard proxy statement (DEF 14A) required by the SEC for public companies holding annual meetings, adhering to regulations for shareholder communication and voting.

What Investors Should Do

Review the proxy statement for details on proposals and voting matters.
Register to attend the virtual annual meeting by February 29, 2024.
Vote on matters presented at the annual meeting.

Key Dates

2024-03-01: 2024 Annual Meeting of Stockholders — Key date for stockholder participation and voting.
2024-02-29: Registration Deadline for Virtual Meeting — Final date for stockholders to register to attend the virtual meeting.
2024-01-19: Mailing of Proxy Materials Notice — Date when stockholders will receive notice to access proxy statement and annual report.

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders, following the typical proxy statement format.

Filing Stats: 4,788 words · 19 min read · ~16 pages · Grade level 12.3 · Accepted 2024-01-19 16:30:13

Key Financial Figures

$1.235 billion — ch we had total annual gross revenue of $1.235 billion; (2) the last day of our fiscal year fo
$1.0 billion — date on which we have issued more than $1.0 billion in non-convertible debt during the prec
$700 million — on stock held by non-affiliates exceeds $700 million as of the last business day of our most

Filing Documents

sym-20240119.htm (DEF 14A) — 801KB
img94239023_0.jpg (GRAPHIC) — 59KB
img94239023_1.jpg (GRAPHIC) — 72KB
img94239023_2.jpg (GRAPHIC) — 59KB
img94239023_3.jpg (GRAPHIC) — 72KB
img94239023_4.jpg (GRAPHIC) — 59KB
img94239023_5.jpg (GRAPHIC) — 324KB
img94239023_6.jpg (GRAPHIC) — 220KB
0000950170-24-005813.txt ( ) — 3166KB
sym-20240119.xsd (EX-101.SCH) — 8KB
sym-20240119_htm.xml (XML) — 1KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 22 DIRECTOR COMPENSATION 33 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 35 PRINCIPAL STOCKHOLDERS 40 REPORT OF THE AUDIT COMMITTEE 43 HOUSEHOLDING 44 STOCKHOLDER PROPOSALS 44 OTHER MATTERS 45 i Table of Contents SYMBOTIC INC. 200 Research Drive Wilmington, Massachusetts 01887 PROXY STATEMENT FOR THE 2024 VIRTUAL ANNUAL MEETING OF STOCKHOLDERS To Be Held On Friday, March 1, 2024 This proxy statement contains information about the 2024 Virtual Annual Meeting of Stockholders, or the Annual Meeting, of Symbotic Inc., which will be held on March 1, 2024 at 10:00 a.m. Eastern Time. The Annual Meeting will be held virtually via live webcast. You will be able to attend the Annual Meeting as well as vote and submit your questions during the live webcast of the meeting by visiting www.proxydocs.com/SYM and entering the control number included in our Notice of Internet availability of the proxy materials, on your proxy card or in the instructions that accompanied your proxy materials. On June 7, 2022 (the “Closing Date”), our predecessor company, Warehouse Technologies LLC (“Warehouse”) consummated a merger (the “Business Combination”) with SVF Investment Corp. 3 (“SVF”), a special-purpose acquisition company, pursuant to a Merger Agreement (the “Merger Agreement”), dated as of December 12, 2021, by and among the SVF, Warehouse, Symbotic Holdings LLC and Saturn Acquisition (DE) Corp. (“Merger Sub”), a wholly owned subsidiary of SVF. At the closing of the Merger (the “Closing”), SVF changed its name to Symbotic Inc. In this proxy statement, the terms “Symbotic,” “the Company,” “we,” “us,” and “our” refer to Symbotic Inc. as it currently exists following the consummation of the Business Combination and to Warehouse as it existed prio