Materion Corp Files Definitive Proxy Statement (DEF 14A)
Ticker: MTRN · Form: DEF 14A · Filed: 2024-03-26T00:00:00.000Z
Sentiment: neutral
Topics: DEF 14A, Materion Corp, Proxy Statement, Executive Compensation, Shareholder Meeting
TL;DR
<b>Materion Corp has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance for the period ending May 9, 2024.</b>
AI Summary
MATERION Corp (MTRN) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. Materion Corp filed a DEF 14A on March 26, 2024, for the period ending May 9, 2024. The filing covers fiscal years 2023, 2022, 2021, and 2020. The company's principal executive offices are located at 6070 Parkland Blvd, Mayfield Hts, OH 44124. Materion Corp was formerly known as Brush Engineered Materials Inc. until January 31, 2000. The filing includes details on equity awards, including outstanding, unvested, and vested awards for 2023 and 2022.
Why It Matters
For investors and stakeholders tracking MATERION Corp, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation, director elections, and other matters to be voted on at the upcoming annual meeting. Understanding the details of equity awards and compensation structures is vital for investors assessing management's alignment with shareholder interests and the company's financial health.
Risk Assessment
Risk Level: low — MATERION Corp shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures without immediate material financial events.
Analyst Insight
Review the executive compensation details and voting proposals to inform investment decisions and proxy voting.
Key Numbers
- 2024-05-09 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
- 2024-03-26 — Filing Date (DATE AS OF CHANGE)
- 2023-12-31 — Fiscal Year End (FISCAL YEAR END)
- 0001104657-24-000044 — Accession Number (ACCESSION NUMBER)
Key Players & Entities
- MATERION Corp (company) — COMPANY CONFORMED NAME
- MTRN (company) — Ticker Symbol
- DEF 14A (filing) — FORM TYPE
- 2024-03-26 (date) — FILED AS OF DATE
- 6070 PARKLAND BLVD. (address) — BUSINESS ADDRESS STREET 1
- MAYFIELD HTS. (location) — BUSINESS ADDRESS CITY
- OH (location) — BUSINESS ADDRESS STATE
- 44124 (postal_code) — BUSINESS ADDRESS ZIP
FAQ
When did MATERION Corp file this DEF 14A?
MATERION 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 MATERION Corp (MTRN).
Where can I read the original DEF 14A filing from MATERION 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 MATERION Corp.
What are the key takeaways from MATERION Corp's DEF 14A?
MATERION Corp filed this DEF 14A on March 26, 2024. Key takeaways: Materion Corp filed a DEF 14A on March 26, 2024, for the period ending May 9, 2024.. The filing covers fiscal years 2023, 2022, 2021, and 2020.. The company's principal executive offices are located at 6070 Parkland Blvd, Mayfield Hts, OH 44124..
Is MATERION Corp a risky investment based on this filing?
Based on this DEF 14A, MATERION Corp presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures without immediate material financial events.
What should investors do after reading MATERION Corp's DEF 14A?
Review the executive compensation details and voting proposals to inform investment decisions and proxy voting. The overall sentiment from this filing is neutral.
How does MATERION Corp compare to its industry peers?
Materion Corporation operates in the advanced materials sector, providing high-performance engineered materials. This DEF 14A filing is typical for publicly traded companies to disclose information relevant to shareholder voting.
Are there regulatory concerns for MATERION Corp?
As a publicly traded company, Materion Corp is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) to inform shareholders about corporate matters and upcoming votes.
Industry Context
Materion Corporation operates in the advanced materials sector, providing high-performance engineered materials. This DEF 14A filing is typical for publicly traded companies to disclose information relevant to shareholder voting.
Regulatory Implications
As a publicly traded company, Materion Corp is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) to inform shareholders about corporate matters and upcoming votes.
What Investors Should Do
- Review the detailed breakdown of executive compensation packages.
- Analyze the proposals to be voted on at the annual shareholder meeting.
- Assess any changes in corporate governance practices disclosed in the filing.
Year-Over-Year Comparison
This filing is a DEF 14A, which is a standard disclosure document for annual shareholder meetings, and does not represent a change in the company's reporting frequency or type from previous periods.
Filing Stats: 4,666 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-03-26 09:16:25
Key Financial Figures
- $3 billion — otive Electronics and Safety segment, a $3 billion global business based in Germany. In th
- $120,000 — within the last three years, more than $120,000 in direct compensation from the Company
- $1,000,000 — ee fiscal years, exceeds the greater of $1,000,000 or two percent of such other company's
Filing Documents
- mtrn-20240325.htm (DEF 14A) — 931KB
- mtrn-20240325_g1.jpg (GRAPHIC) — 218KB
- mtrn-20240325_g2.jpg (GRAPHIC) — 40KB
- mtrn-20240325_g3.jpg (GRAPHIC) — 74KB
- mtrn-20240325_g4.jpg (GRAPHIC) — 36KB
- mtrn-20240325_g5.jpg (GRAPHIC) — 67KB
- mtrn-20240325_g6.jpg (GRAPHIC) — 56KB
- mtrn-20240325_g7.jpg (GRAPHIC) — 55KB
- mtrn-20240325_g8.jpg (GRAPHIC) — 135KB
- mtrn-20240325_g9.jpg (GRAPHIC) — 191KB
- 0001104657-24-000044.txt ( ) — 3801KB
- mtrn-20240325.xsd (EX-101.SCH) — 5KB
- mtrn-20240325_def.xml (EX-101.DEF) — 6KB
- mtrn-20240325_lab.xml (EX-101.LAB) — 10KB
- mtrn-20240325_pre.xml (EX-101.PRE) — 6KB
- mtrn-20240325_htm.xml (XML) — 185KB
From the Filing
mtrn-20240325 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 x 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)) x Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 MATERION 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): x 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)(4) and 0-11 Materion Corporation 6070 Parkland Boulevard Mayfield Heights, Ohio 44124 Notice of Annual Meeting of Shareholders The annual meeting of shareholders of Materion Corporation will be held at the Renaissance Providence Downtown Hotel, 5 Avenue of the Arts, Providence, Rhode Island 02903, on May 9, 2024 at 8:00 a.m. (EDT) for the following purposes: (1) To elect nine directors, each to serve for a term of one year and until a successor is elected and qualified; (2) To ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for Materion Corporation for the year 2024; (3) To approve, by non-binding vote, named executive officer compensation; and (4) To transact any other business that may properly come before the meeting. Shareholders of record as of the close of business on March 15, 2024 are entitled to notice of the meeting and to vote at the meeting or any adjournment or postponement of the meeting. We are pleased to take advantage of the Securities and Exchange Commission rules allowing us to furnish proxy materials to shareholders on the Internet. We believe that these rules provide you with proxy materials more quickly and reduce the environmental impact of our meeting. Accordingly, we are mailing to shareholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access and review our proxy statement and Annual Report for the year ended December 31, 2023, and to vote online or by telephone. If you would like to receive a paper copy of our proxy materials, please follow the instructions for requesting these materials on the Notice of Internet Availability of Proxy Materials. Gregory R. Chemnitz Secretary March 26, 2024 Important — your proxy is enclosed. You are requested to cooperate in assuring a quorum by voting online at www.proxyvote.com or, if you received a paper copy of the proxy materials, by filling in, signing and dating the enclosed proxy and promptly mailing it in the return envelope. MATERION CORPORATION 6070 Parkland Boulevard Mayfield Heights, Ohio 44124 PROXY STATEMENT March 26, 2024 GENERAL INFORMATION Your Board of Directors (Board) is furnishing this proxy statement to you in connection with our solicitation of proxies to be used at our annual meeting of shareholders to be held on May 9, 2024. The proxy statement and other proxy materials are being sent to shareholders on March 26, 2024. Registered Holders. If your shares are registered in your name, you may vote in person or by proxy. If you decide to vote by proxy, you may do so by telephone, over the Internet or by mail. By telephone . After reading the proxy materials, you may call the toll-free number, 1-800-690-6903, using a touch-tone telephone. You will be prompted to enter your control number, which is a 16-digit number located in a box on your proxy card that you can also receive in the mail, if requested, then follow the simple instructions that will be given to you to record your vote. Over the Internet . After reading the proxy materials, you may vote and submit your proxy online at www.proxyvote.com. Even if you request and receive a paper copy of the proxy materials, you may vote online by going to www.proxyvote.com and entering your control number, which is a 16-digit number located in a box on your proxy card that you can also receive in the mail, if requested, then follow the simple instructions that will be given to you to record your vote. By mail . After reading the proxy materials, you may mark, sign and date your proxy card and return it in the enclosed prepaid and addressed envelope. The Internet and telephone voting procedures have been set up for your convenience and have been designed to authenticate your identity, allow you to give voting instructions and confirm that those instructions have been recorded properly. Without affecting any vote previously taken, you may revoke your proxy by delivery to us of a new, later dated proxy with respect to the same shares, or giving written notice to us before or at the annual me