Weis Markets, Inc. Announces 2024 Annual Meeting of Shareholders

Ticker: WMK · Form: DEF 14A · Filed: 2024-03-14T00:00:00.000Z

Sentiment: neutral

Topics: proxy statement, annual meeting, shareholder proposals, corporate governance, ESG

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

When did WEIS MARKETS INC file this DEF 14A?

WEIS MARKETS INC filed this Proxy Statement (DEF 14A) with the SEC on March 14, 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 WEIS MARKETS INC (WMK).

Where can I read the original DEF 14A filing from WEIS MARKETS 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 WEIS MARKETS INC.

What are the key takeaways from WEIS MARKETS INC's DEF 14A?

WEIS MARKETS INC filed this DEF 14A on March 14, 2024. Key takeaways: 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..

Is WEIS MARKETS INC a risky investment based on this filing?

Based on this DEF 14A, WEIS MARKETS INC presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational red flags.

What should investors do after reading WEIS MARKETS INC's DEF 14A?

Shareholders should review the director nominees and the company's responses to the ESG-focused shareholder proposals before the May 2nd meeting. The overall sentiment from this filing is neutral.

How does WEIS MARKETS INC compare to its industry peers?

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

Are there regulatory concerns for WEIS MARKETS INC?

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

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

Review the biographies and qualifications of the director nominees.
Analyze the company's stated positions on the shareholder proposals regarding climate change and animal welfare.
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.

From the Filing

0000105418-24-000018.txt : 20240314 0000105418-24-000018.hdr.sgml : 20240314 20240314135821 ACCESSION NUMBER: 0000105418-24-000018 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 23 CONFORMED PERIOD OF REPORT: 20231230 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEIS MARKETS INC CENTRAL INDEX KEY: 0000105418 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 240755415 STATE OF INCORPORATION: PA FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-05039 FILM NUMBER: 24749032 BUSINESS ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 BUSINESS PHONE: 570-286-4571 MAIL ADDRESS: STREET 1: 1000 S SECOND ST STREET 2: PO BOX 471 CITY: SUNBURY STATE: PA ZIP: 17801 DEF 14A 1 wmk-20231230xdef14a.htm DEF 14A Net Sales DEF 14A 0000105418 false 0000105418 3 2023-01-01 2023-12-30 0000105418 2 2023-01-01 2023-12-30 0000105418 1 2023-01-01 2023-12-30 0000105418 2021-12-26 2022-12-31 0000105418 2020-12-27 2021-12-25 0000105418 2019-12-29 2020-12-26 0000105418 2023-01-01 2023-12-30 iso4217:USD   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