Tredegar Corp. Announces 2024 Annual Meeting of Shareholders
Ticker: TG · Form: DEF 14A · Filed: Mar 26, 2024 · CIK: 850429
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Executive Compensation, Independent Auditor
TL;DR
<b>Tredegar Corporation will hold its 2024 Annual Meeting of Shareholders virtually on May 9, 2024, with key items including director elections and executive compensation votes.</b>
AI Summary
TREDEGAR CORP (TG) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. Annual Meeting of Shareholders to be held virtually on May 9, 2024, at 9:00 a.m. EDT. Shareholders can attend, participate, vote, and ask questions remotely via internet connectivity. Key agenda items include election of six directors, advisory vote on executive compensation, and ratification of independent auditors. KPMG LLP is proposed as the independent registered public accounting firm for the fiscal year ending December 31, 2024. Proxy materials are being furnished to shareholders over the Internet via a Notice of Internet Availability.
Why It Matters
For investors and stakeholders tracking TREDEGAR CORP, this filing contains several important signals. The virtual format allows for broader shareholder participation from any location with internet access. The meeting will address critical governance matters such as director elections and executive compensation, impacting shareholder oversight.
Risk Assessment
Risk Level: low — TREDEGAR CORP shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial or operational disclosures that would indicate significant risk.
Analyst Insight
Shareholders should review the proxy materials to make informed voting decisions on director nominees, executive compensation, and auditor ratification.
Key Numbers
- 6 — Directors to be elected (Agenda item 1)
- 2024 — Fiscal Year (Independent auditor appointment for fiscal year ending December 31, 2024)
- 9:00 a.m. EDT — Meeting Time (2024 Annual Meeting time)
Key Players & Entities
- TREDEGAR CORP (company) — Registrant
- KPMG LLP (company) — Independent registered public accounting firm
- Securities and Exchange Commission (regulator) — SEC rule for Notice and Access
- May 9, 2024 (date) — Annual Meeting date
- December 31, 2024 (date) — Fiscal year end for auditor appointment
- 1100 Boulders Parkway (address) — Company address
- Richmond, VA (location) — Company location
FAQ
When did TREDEGAR CORP file this DEF 14A?
TREDEGAR CORP 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 TREDEGAR CORP (TG).
Where can I read the original DEF 14A filing from TREDEGAR 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 TREDEGAR CORP.
What are the key takeaways from TREDEGAR CORP's DEF 14A?
TREDEGAR CORP filed this DEF 14A on March 26, 2024. Key takeaways: Annual Meeting of Shareholders to be held virtually on May 9, 2024, at 9:00 a.m. EDT.. Shareholders can attend, participate, vote, and ask questions remotely via internet connectivity.. Key agenda items include election of six directors, advisory vote on executive compensation, and ratification of independent auditors..
Is TREDEGAR CORP a risky investment based on this filing?
Based on this DEF 14A, TREDEGAR CORP presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial or operational disclosures that would indicate significant risk.
What should investors do after reading TREDEGAR CORP's DEF 14A?
Shareholders should review the proxy materials to make informed voting decisions on director nominees, executive compensation, and auditor ratification. The overall sentiment from this filing is neutral.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC regulations regarding proxy solicitations and annual meetings, including the Notice and Access rules.
- Virtual Meeting Technology [low — operational]: The success of the virtual annual meeting relies on the stability and accessibility of the internet platform for all shareholders.
- Auditor Independence [low — financial]: The ratification of KPMG LLP as independent auditor is subject to ongoing independence requirements and shareholder approval.
Key Dates
- 2024-05-09: 2024 Annual Meeting of Shareholders — Shareholders will vote on key corporate matters.
- 2024-03-26: Filing Date — Definitive proxy statement filed with the SEC.
Glossary
- DEF 14A
- Definitive Proxy Statement filed with the SEC. (Provides detailed information for shareholders to vote on company matters.)
- Notice and Access
- SEC rule allowing companies to furnish proxy materials over the Internet. (Streamlines delivery of proxy materials and reduces printing costs.)
- Non-binding advisory vote
- A vote by shareholders on a proposal that the board of directors is not legally obligated to follow. (Allows shareholders to express their opinion on executive compensation.)
Filing Stats: 4,649 words · 19 min read · ~15 pages · Grade level 12.5 · Accepted 2024-03-26 16:04:09
Key Financial Figures
- $9,000 — other custodians. We will pay Alliance $9,000 for its services and will reimburse All
Filing Documents
- ny20024067x1_def14a.htm (DEF 14A) — 840KB
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- 0001140361-24-015264.txt ( ) — 8214KB
- tg-20240509.xsd (EX-101.SCH) — 6KB
- tg-20240509_def.xml (EX-101.DEF) — 8KB
- tg-20240509_lab.xml (EX-101.LAB) — 15KB
- tg-20240509_pre.xml (EX-101.PRE) — 7KB
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From the Filing
United States Securities and Exchange Commission Washington, D.C. 20549 Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant File 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 Tredegar Corporation (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 all boxes that apply): 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 1100 Boulders Parkway North Chesterfield, Virginia 23225 Annual Meeting of Shareholders March 25, 2024 To Our Shareholders: We welcome you to join us at our 2024 Annual Meeting of Shareholders to be held virtually on Thursday, May 9, 2024, at 9:00 a.m., EDT. This proxy statement provides more information regarding the virtual-only meeting and the business we will conduct at the annual meeting. Shareholders will be able attend and participate in the annual meeting, including voting their shares and asking questions from any remote location with Internet connectivity. Information on how to participate in this year's annual meeting can be found on page 1 of this proxy statement. At this year's meeting, you are being asked to consider and act upon each of the following items: 1. to elect the six directors identified in the proxy statement; 2. to conduct a non-binding advisory vote on the compensation of our named executive officers; 3. to ratify the appointment of KPMG LLP as our independent registered public accounting firm for the 4. to transact such other business as may properly come before the meeting or any adjournments or postponements thereof. We are using the Securities and Exchange Commission rule for Notice and Access that allows companies to furnish proxy materials to their shareholders over the Internet. You are therefore receiving a Notice of Internet Availability of Proxy Materials rather than a paper copy of our proxy statement and our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The Notice of Internet Availability explains how to access the proxy materials online, vote online and obtain a paper copy of our proxy materials, if desired. On behalf of the Board of Directors, management, and employees of Tredegar Corporation, I thank you for your continued support and confidence in our company. Sincerely yours, Gregory A. Pratt Chairman of the Board NOTICE OF 2024 VIRTUAL ANNUAL MEETING OF SHAREHOLDERS AND PROXY STATEMENT March 25, 2024 Dear Shareholders: The Board of Directors of Tredegar Corporation cordially invites you to attend the 2024 Annual Meeting of Shareholders. At the annual meeting, you will be asked: 1. To elect the six directors identified in this proxy statement; 2. To conduct a non-binding advisory vote on the compensation of our named executive officers; 3. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024; and 4. To transact any other business as may properly come before the annual meeting or any adjournments or postponements of the annual meeting. Record Date: March 15, 2024 For additional information about how to attend our annual meeting, see "Instructions for the Virtual Annual Meeting" on page 1 of this proxy statement. By Order of the Board of Directors, Kevin C. Donnelly Vice President, General Counsel and Secretary Tredegar Corporation 1100 Boulders Parkway North Chesterfield, VA 23225 MEETING INFORMATION Date: Thursday, May 9, 2024 Time: 9:00 a.m., EDT Place: There is no physical location for our 2024 Annual Meeting of Shareholders. Instead, shareholders may attend virtually via live webcast at www.viewproxy.com/tredegar/2024/vm HOW TO ACCESS THE PROXY MATERIALS ONLINE Important Notice Regarding the Availability of the Proxy Materials for the 2024 Annual Meeting of Shareholders to Be Held on May 9, 2024: Our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and this proxy statement are available at www.viewproxy.com/tredegar/2024 . YOUR VOTE IS IMPORTANT Please promptly submit your vote by Internet, by telephone, or by signing, dating and returning your proxy card or voting instruction form in the postage-paid envelope provided (if you received a printed copy of the proxy materials) so that your shares will be represented at the meeting. We are first providing the Notice of Internet Availability of Proxy Materials to our shareholders on or about March 25, 2024. PROXY STATEMENT for AN