Arts Way Manufacturing Co Inc Files Definitive Proxy Statement

TL;DR

<b>Arts Way Manufacturing Co Inc has filed its definitive proxy statement for the fiscal year ending November 30, 2023.</b>

AI Summary

ARTS WAY MANUFACTURING CO INC (ARTW) filed a Proxy Statement (DEF 14A) with the SEC on March 15, 2024. Filing type is DEF 14A, indicating a definitive proxy statement. The reporting period is for the fiscal year ending November 30, 2023. The filing date is March 15, 2024. Company's principal business address is P O BOX 288, ARMSTRONG, IA 50514. The company operates in the FARM MACHINERY & EQUIPMENT industry (SIC 3523).

Why It Matters

For investors and stakeholders tracking ARTS WAY MANUFACTURING CO INC, this filing contains several important signals. This filing is a routine requirement for publicly traded companies to provide shareholders with information regarding annual meetings, director elections, and executive compensation. Shareholders should review this document to understand executive compensation structures, board nominations, and any proposed corporate actions before the annual meeting.

Risk Assessment

Risk Level: — ARTS WAY MANUFACTURING CO INC shows moderate risk based on this filing. The filing is a standard DEF 14A, which is a routine disclosure and does not contain immediate financial performance data or significant corporate events that would alter the risk profile.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and shareholder proposals to inform voting decisions.

Key Players & Entities

• ARTS WAY MANUFACTURING CO INC (company) — Filer name
• ARMSTRONG (location) — City in business address
• IA (location) — State in business address

FAQ

Industry Context

Arts Way Manufacturing Co Inc operates in the Farm Machinery & Equipment sector, a segment of the broader industrial manufacturing industry.

Regulatory Implications

As a publicly traded company, Arts Way Manufacturing Co Inc is subject to SEC regulations, including the requirement to file definitive proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

1. Review executive compensation details and any proposed changes.
2. Examine director nominations and qualifications.
3. Understand any shareholder proposals and the company's recommendation.

Key Dates

• 2024-04-23: Annual Meeting of Shareholders — Date of the shareholder meeting, as indicated by the 'CONFORMED PERIOD OF REPORT'.
• 2024-03-15: Filing Date — Date the DEF 14A filing was submitted to the SEC.
• 2023-11-30: Fiscal Year End — End date of the fiscal year for which the proxy statement provides information.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document. No comparative financial data or prior filing details were provided in the extracted text to assess changes from a previous filing.

Filing Documents

• artw20240312_def14a.htm (DEF 14A) — 433KB
• nonpeovsni.jpg (GRAPHIC) — 23KB
• nonpeovstsr.jpg (GRAPHIC) — 25KB
• peovsni.jpg (GRAPHIC) — 21KB
• peovstsr.jpg (GRAPHIC) — 22KB
• prox_page1.jpg (GRAPHIC) — 159KB
• prox_page2.jpg (GRAPHIC) — 172KB
• 0001437749-24-007994.txt (&nbsp;) — 2133KB
• artw-20231231.xsd (EX-101.SCH) — 8KB
• artw-20231231_def.xml (EX-101.DEF) — 10KB
• artw-20231231_lab.xml (EX-101.LAB) — 21KB
• artw-20231231_pre.xml (EX-101.PRE) — 10KB
• artw20240312_def14a_htm.xml (XML) — 146KB

From the Filing

artw20240312_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A 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 Pursuant to 240.14a-12 ART'S-WAY MANUFACTURING CO., 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 ART ' S-WAY MANUFACTURING CO., INC. 5556 Highway 9 Armstrong, Iowa, 50514-0288 Ph: (712) 208-8467 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON TUESDAY, APRIL 23, 2024 To our Stockholders: The 2024 Annual Meeting of the Stockholders (the "2024 Annual Meeting") of Art's-Way Manufacturing Co., Inc. (the "Company") will be held on Tuesday, April 23, 2024, at the offices of the Company located at 5556 Highway 9, Armstrong, Iowa, 50514-0288. Registration for the 2024 Annual Meeting will begin at 8:00 a.m. Central Daylight Time ("CDT"). The 2024 Annual Meeting will commence at approximately 9:00 a.m. CDT. The Company is also offering its stockholders the ability to attend the 2024 Annual Meeting remotely, via teleconference. To attend the 2024 Annual Meeting via teleconference, please call 1-866-895-5510 and enter a passcode of 409589. The purposes of the 2024 Annual Meeting are to: (1) Consider and vote upon the election of five nominees to the Company's Board of Directors, to serve until the next annual meeting of stockholders and until such time as their successors are elected and qualified, or until their earlier resignation or removal; (2) Consider and vote upon the ratification of the appointment of Eide Bailly LLP as the Company's independent registered public accounting firm for the fiscal year ending November 30, 2024; (3) Consider and vote upon, on a non-binding, advisory basis, named executive officer compensation. Any action may be taken on any one of the foregoing proposals at the 2024 Annual Meeting on the date specified above, or on any date or dates to which the 2024 Annual Meeting may be adjourned. The Board of Directors is not aware of any other business to come before the 2024 Annual Meeting. The foregoing proposals are described more fully in the enclosed proxy statement (the "Proxy Statement"). If you have any questions regarding the information contained in the Proxy Statement or submission of your proxy for the 2024 Annual Meeting or if you would like directions to the 2024 Annual Meeting, please call the Company at (712) 208-8467. Only stockholders listed on the Company's records at the close of business on Wednesday, March 6, 2024, the record date set by the Board of Directors for the 2024 Annual Meeting, are entitled to notice of the 2024 Annual Meeting and to vote at the 2024 Annual Meeting and any adjournments thereof. The stock transfer books of the Company will not be closed. All stockholders are cordially invited to attend the 2024 Annual Meeting in person or via teleconference. In-person voting will not be available if you attend the 2024 Annual Meeting via teleconference . Therefore, to ensure the presence of a quorum, the Board of Directors requests all stockholders of record to promptly vote your shares by proxy, whether or not you plan to attend the 2024 Annual Meeting. The proxy is revocable and will not be used if a stockholder attends and votes at the 2024 Annual Meeting in person or otherwise provide notice of revocation. You may vote by proxy over the telephone or the Internet as instructed in the accompanying proxy statement. If you received a proxy card or voting instruction card by mail, you may submit your proxy card or voting instruction card by completing, signing, dating and mailing your proxy card or voting instruction card in the envelope provided. By order of the Board of Directors, /s/ Marc H. McConnell Chairman of the Board of Directors Armstrong, Iowa March 15, 2024 IMPORTANT: THE PROMPT RETURN OF PROXIES WILL SAVE THE COMPANY THE EXPENSE OF FURTHER REQUESTS FOR PROXIES IN ORDER TO ENSURE A QUORUM. Proxy Statement 2024 Annual Meeting of Stockholders Tuesday, April 23, 2024 9:00 a.m. CDT This proxy statement (the "Proxy Statement") is furnished in connection with the solicitation of proxies by the Board of Directors of Art's-Way Manufacturing Co., Inc., a Delaware corporation (the "Company," "we," "us," or "our"), for use at the 2024 Annual Meeting of Stockholders of the Company to be held on Tuesday, April 23, 2024 (the "2024 Annual Meet