Zurn Elkay Water Solutions Corp Files Definitive Proxy Statement
Ticker: ZWS · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 1439288
Sentiment: neutral
Topics: Proxy Statement, DEF 14A, Zurn Elkay Water Solutions, Shareholder Meeting, Corporate Governance
TL;DR
<b>Zurn Elkay Water Solutions Corp has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>
AI Summary
Zurn Elkay Water Solutions Corp (ZWS) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Zurn Elkay Water Solutions Corp. The report covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 511 West Freshwater Way, Milwaukee, WI 53204. The filing fee for this statement was not required. The company was formerly known as Zurn Water Solutions Corp until October 5, 2021.
Why It Matters
For investors and stakeholders tracking Zurn Elkay Water Solutions Corp, this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it details information regarding the upcoming shareholder meeting, including proposals to be voted on, executive compensation, and director nominations. Understanding the details within this proxy statement allows investors to make informed decisions about corporate governance and their investment in Zurn Elkay Water Solutions Corp.
Risk Assessment
Risk Level: low — Zurn Elkay Water Solutions Corp shows low risk based on this filing. The filing is a standard DEF 14A, indicating routine corporate governance and disclosure, with no immediate red flags.
Analyst Insight
Shareholders should review the proxy statement to understand executive compensation, board nominations, and any other proposals requiring their vote.
Key Numbers
- 2023-12-31 — Fiscal Year End (Conformed period of report)
- 2024-05-02 — Report Date (Conformed period of report)
- 2024-03-22 — Filing Date (Date of filing)
Key Players & Entities
- Zurn Elkay Water Solutions Corp (company) — Registrant name
- 511 West Freshwater Way (location) — Company business address
- Milwaukee, WI (location) — Company business address
- Zurn Water Solutions Corp (company) — Former company name
- Rexnord Corp (company) — Former company name
- Rexnord Holdings, Inc (company) — Former company name
FAQ
When did Zurn Elkay Water Solutions Corp file this DEF 14A?
Zurn Elkay Water Solutions Corp filed this Proxy Statement (DEF 14A) with the SEC on March 22, 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 Zurn Elkay Water Solutions Corp (ZWS).
Where can I read the original DEF 14A filing from Zurn Elkay Water Solutions Corp?
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 Zurn Elkay Water Solutions Corp.
What are the key takeaways from Zurn Elkay Water Solutions Corp's DEF 14A?
Zurn Elkay Water Solutions Corp filed this DEF 14A on March 22, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Zurn Elkay Water Solutions Corp.. The report covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 511 West Freshwater Way, Milwaukee, WI 53204..
Is Zurn Elkay Water Solutions Corp a risky investment based on this filing?
Based on this DEF 14A, Zurn Elkay Water Solutions Corp presents a relatively low-risk profile. The filing is a standard DEF 14A, indicating routine corporate governance and disclosure, with no immediate red flags.
What should investors do after reading Zurn Elkay Water Solutions Corp's DEF 14A?
Shareholders should review the proxy statement to understand executive compensation, board nominations, and any other proposals requiring their vote. The overall sentiment from this filing is neutral.
How does Zurn Elkay Water Solutions Corp compare to its industry peers?
The filing pertains to a company in the General Industrial Machinery & Equipment sector.
Are there regulatory concerns for Zurn Elkay Water Solutions Corp?
This is a standard SEC filing (DEF 14A) under the Securities Exchange Act of 1934, requiring public disclosure of corporate information.
Industry Context
The filing pertains to a company in the General Industrial Machinery & Equipment sector.
Regulatory Implications
This is a standard SEC filing (DEF 14A) under the Securities Exchange Act of 1934, requiring public disclosure of corporate information.
What Investors Should Do
- Review executive compensation details and any proposed changes.
- Examine director nominations and qualifications.
- Understand all proposals requiring shareholder vote and cast your ballot accordingly.
Year-Over-Year Comparison
This is the initial filing of the Definitive Proxy Statement for the current reporting period.
Filing Stats: 4,761 words · 19 min read · ~16 pages · Grade level 13 · Accepted 2024-03-22 16:05:54
Key Financial Figures
- $12,000 — mational support and analysis for up to $12,000 plus expenses. Q: WILL THERE BE OTHER
- $233 million — promised. During the year we delivered $233 million free cash flow, repurchased $125 millio
- $125 million — 233 million free cash flow, repurchased $125 million dollars of shares, increased our quarte
Filing Documents
- d709494ddef14a.htm (DEF 14A) — 1047KB
- g709494dsp03a.jpg (GRAPHIC) — 2KB
- g709494dsp03b.jpg (GRAPHIC) — 5KB
- g709494g03b66.jpg (GRAPHIC) — 27KB
- g709494g04g04.jpg (GRAPHIC) — 106KB
- g709494g04p01.jpg (GRAPHIC) — 45KB
- g709494g10k20.jpg (GRAPHIC) — 23KB
- g709494g10k25.jpg (GRAPHIC) — 30KB
- g709494g13d87.jpg (GRAPHIC) — 25KB
- g709494g16e17.jpg (GRAPHIC) — 106KB
- g709494g18z27.jpg (GRAPHIC) — 53KB
- g709494g20r51.jpg (GRAPHIC) — 53KB
- g709494g21p01.jpg (GRAPHIC) — 38KB
- g709494g22p01.jpg (GRAPHIC) — 37KB
- g709494g22p02.jpg (GRAPHIC) — 35KB
- g709494g23p01.jpg (GRAPHIC) — 36KB
- g709494g23p02.jpg (GRAPHIC) — 33KB
- g709494g24p01.jpg (GRAPHIC) — 34KB
- g709494g24p02.jpg (GRAPHIC) — 32KB
- g709494g25j78.jpg (GRAPHIC) — 87KB
- g709494g25p01.jpg (GRAPHIC) — 35KB
- g709494g25p02.jpg (GRAPHIC) — 38KB
- g709494g25p03.jpg (GRAPHIC) — 35KB
- g709494g28p36.jpg (GRAPHIC) — 97KB
- g709494g36v84.jpg (GRAPHIC) — 58KB
- g709494g40e72.jpg (GRAPHIC) — 27KB
- g709494g41u71.jpg (GRAPHIC) — 28KB
- g709494g45q17.jpg (GRAPHIC) — 1KB
- g709494g47t32.jpg (GRAPHIC) — 68KB
- g709494g71a01.jpg (GRAPHIC) — 73KB
- g709494g77s57.jpg (GRAPHIC) — 91KB
- g709494g80p11.jpg (GRAPHIC) — 51KB
- 0001193125-24-075202.txt ( ) — 4714KB
- zws-20231231.xsd (EX-101.SCH) — 5KB
- zws-20231231_def.xml (EX-101.DEF) — 5KB
- zws-20231231_lab.xml (EX-101.LAB) — 7KB
- zws-20231231_pre.xml (EX-101.PRE) — 4KB
- d709494ddef14a_htm.xml (XML) — 170KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 40 COMPENSATION DISCUSSION AND ANALYSIS 42 COMPENSATION COMMITTEE REPORT 56
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 57 PAY RATIO DISCLOSURE 69 PAY VERSUS PERFORMANCE 70 COMPENSATION AND RISK 75 OTHER INFORMATION 76 APPENDIX A—ZURN ELKAY WATER SOLUTIONS EMPLOYEE STOCK PURCHASE PLAN A-1 Table of Contents ANNUAL MEETING OF STOCKHOLDERS MAY 2, 2024 COMMONLY ASKED QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING Q: WHEN IS THE ANNUAL MEETING? A: Zurn Elkay Water Solutions Corporation ("Zurn Elkay," "we," "us," "our" or the "Company") will hold its annual meeting of stockholders at its corporate offices at 511 W. Freshwater Way, Milwaukee, Wisconsin 53204, on Thursday, May 2, 2024, at 9:00 a.m. Central Time. Q: WHEN IS THE PROXY MATERIAL FIRST BEING MADE AVAILABLE TO STOCKHOLDERS? A: On or about March 22, 2024, Zurn Elkay expects to mail stockholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access the proxy material over the internet. Q: WHY DID I RECEIVE A NOTICE OF INTERNET AVAILABILITY OF PROXY MATERIALS INSTEAD OF A PRINTED COPY OF THE PROXY MATERIAL? A: Securities and Exchange Commission ("SEC") rules permit us to provide access to our proxy material over the internet instead of mailing a printed copy of the proxy material to each stockholder. As a result, we are mailing stockholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access our proxy material, including our proxy statement and Annual Report, and vote via the internet. Stockholders will not receive printed copies of the proxy material unless requested by following the instructions included on the Notice of Internet Availability of Proxy Materials or as provided below. Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to Be Held on May 2, 2024 The proxy statement and Annual Report to security holders are available at http://www.astproxyportal.com/ast/17558 Q: HOW CAN STOCKHOLDERS REQUEST PAPER COPIES OF THE PROXY MATERIAL?