SunCoke Energy, Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: SXC · Form: DEF 14A · Filed: Mar 27, 2024

Sentiment: neutral

Topics: DEF 14A, SunCoke Energy, Executive Compensation, Equity Awards, Proxy Statement

TL;DR

<b>SunCoke Energy, Inc. has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year 2023, detailing executive compensation and equity awards.</b>

AI Summary

SunCoke Energy, Inc. (SXC) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for SunCoke Energy, Inc. The filing covers the fiscal year ending December 31, 2023. Includes data related to executive compensation for PEO and Non-PEO members. Details equity award adjustments and values for compensation reporting. Contains information on awards vested and forfeited during the year.

Why It Matters

For investors and stakeholders tracking SunCoke Energy, Inc., this filing contains several important signals. This filing provides crucial details on how executive compensation is structured, including equity awards, which can influence investor perception of management alignment with shareholder interests. Understanding the executive compensation and equity award details is important for shareholders to make informed voting decisions at the upcoming annual meeting.

Risk Assessment

Risk Level: — SunCoke Energy, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes that would inherently increase risk.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did SunCoke Energy, Inc. file this DEF 14A?

SunCoke Energy, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 27, 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 SunCoke Energy, Inc. (SXC).

Where can I read the original DEF 14A filing from SunCoke Energy, 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 SunCoke Energy, Inc..

What are the key takeaways from SunCoke Energy, Inc.'s DEF 14A?

SunCoke Energy, Inc. filed this DEF 14A on March 27, 2024. Key takeaways: Filing is a Definitive Proxy Statement (DEF 14A) for SunCoke Energy, Inc.. The filing covers the fiscal year ending December 31, 2023.. Includes data related to executive compensation for PEO and Non-PEO members..

Is SunCoke Energy, Inc. a risky investment based on this filing?

Based on this DEF 14A, SunCoke Energy, Inc. presents a moderate-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant strategic changes that would inherently increase risk.

What should investors do after reading SunCoke Energy, Inc.'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions. The overall sentiment from this filing is neutral.

How does SunCoke Energy, Inc. compare to its industry peers?

SunCoke Energy operates in the steel manufacturing sector, specifically in coke production, which is a key component in steelmaking.

Are there regulatory concerns for SunCoke Energy, Inc.?

The filing is subject to SEC regulations governing proxy solicitations and executive compensation disclosures.

Industry Context

SunCoke Energy operates in the steel manufacturing sector, specifically in coke production, which is a key component in steelmaking.

Regulatory Implications

The filing is subject to SEC regulations governing proxy solicitations and executive compensation disclosures.

What Investors Should Do

  1. Analyze the executive compensation structure and total compensation for key executives.
  2. Review any shareholder proposals and management's recommendations.
  3. Understand the details of equity awards, including vesting schedules and performance metrics.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a standard proxy statement, and does not represent a change from previous filings of the same type.

Filing Stats: 4,351 words · 17 min read · ~15 pages · Grade level 14 · Accepted 2024-03-27 16:31:07

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 21 Compensation Committee Report 21 Members of the Compensation Committee 21 Compensation Discussion and Analysis ("CD&A") 21 Section 1 – Executive Summary 22 Section 2 – Our Compensation Philosophy 24 Section 3 – Role of Management, Compensation Consultants and Market Data 25 Section 4 – Elements of Compensation, Pay Mix, Opportunity and Leverage 28 Section 5 – Other Compensation Information 34 Summary Compensation Table 37 2023 Grant of Plan-Based Awards Table 38 2023 Outstanding Equity Awards at Fiscal Year-End Table 39 2023 Option Exercises and Stock Vested Table 40 2023 Nonqualified Deferred Compensation Table 41 Omnibus Long-Term Incentive Plan 42 Potential Payments Upon Termination or Change in Control Table 43 CEO Pay Ratio 44 Pay versus Performance Table 45 PROPOSAL 2 — ADVISORY APPROVAL OF EXECUTIVE COMPENSATION 51 Recommendation 51 PROPOSAL 3 — ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION 52 Recommendation 52 BENEFICIAL STOCK OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND PERSONS OWNING MORE THAN FIVE PERCENT OF COMMON STOCK 53 AUDIT COMMITTEE MATTERS 55 Audit Committee Report 55 Audit Fees 56 Audit Committee Pre-Approval Policy 56 PROPOSAL 4 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 57 Recommendation 57 QUESTIONS AND ANSWERS ABOUT THE 2024 ANNUAL MEETING 58 OTHER INFORMATION 64 Equity Compensation Plan Information 64 Householding of Proxy Materials 64 Future Stockholder Proposals 64 Other Matters 65 Websites 65 Solicitation of Proxies 65 SUNCOKE ENERGY, INC. 2024 PROXY STATEMENTi Table of Contents Proposal One The Board & Committees Corporate Governance Director Compensation Executive Compensation Proposal Two Proposal Three Beneficial Stock Audit Committee Matters Proposal Four

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