Watts Water Technologies, Inc. Announces 2024 Annual Meeting of Stockholders
Ticker: WTS · Form: DEF 14A · Filed: Apr 1, 2024 · CIK: 795403
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Stockholders, Corporate Governance, Watts Water Technologies
TL;DR
<b>Watts Water Technologies, Inc. is holding its 2024 Annual Meeting of Stockholders on May 22, 2024, encouraging online or telephone voting.</b>
AI Summary
WATTS WATER TECHNOLOGIES INC (WTS) filed a Proxy Statement (DEF 14A) with the SEC on April 1, 2024. The 2024 Annual Meeting of Stockholders will be held on May 22, 2024, at 9:00 a.m. at 815 Chestnut Street, North Andover, Massachusetts. Stockholders are encouraged to vote by telephone or internet, with instructions provided on the Notice of Internet Availability of Proxy Materials. The company is utilizing SEC rules to furnish proxy materials online to reduce delivery costs and environmental impact. Robert J. Pagano, Jr., CEO, President, and Chairperson of the Board, signed the letter to stockholders. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 1, 2024.
Why It Matters
For investors and stakeholders tracking WATTS WATER TECHNOLOGIES INC, this filing contains several important signals. This filing provides formal notification and details for the annual shareholder meeting, a key event for corporate governance and investor engagement. The shift to online proxy material delivery highlights the company's efforts to modernize communication and reduce operational costs.
Risk Assessment
Risk Level: — WATTS WATER TECHNOLOGIES INC shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Review the proxy statement for details on proposals, executive compensation, and director nominations to make an informed voting decision.
Key Numbers
- 2024 — Annual Meeting Year (2024 Annual Meeting of Stockholders)
- May 22 — Meeting Date (Wednesday, May 22, 2024)
- 9:00 a.m. — Meeting Time (9:00 a.m.)
Key Players & Entities
- WATTS WATER TECHNOLOGIES INC (company) — Registrant
- Robert J. Pagano, Jr. (person) — Chief Executive Officer, President and Chairperson of the Board
- May 22, 2024 (date) — Date of Annual Meeting
- April 1, 2024 (date) — Filing Date
- 815 Chestnut Street, North Andover, Massachusetts 01845 (address) — Principal executive offices
FAQ
When did WATTS WATER TECHNOLOGIES INC file this DEF 14A?
WATTS WATER TECHNOLOGIES INC filed this Proxy Statement (DEF 14A) with the SEC on April 1, 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 WATTS WATER TECHNOLOGIES INC (WTS).
Where can I read the original DEF 14A filing from WATTS WATER TECHNOLOGIES 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 WATTS WATER TECHNOLOGIES INC.
What are the key takeaways from WATTS WATER TECHNOLOGIES INC's DEF 14A?
WATTS WATER TECHNOLOGIES INC filed this DEF 14A on April 1, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders will be held on May 22, 2024, at 9:00 a.m. at 815 Chestnut Street, North Andover, Massachusetts.. Stockholders are encouraged to vote by telephone or internet, with instructions provided on the Notice of Internet Availability of Proxy Materials.. The company is utilizing SEC rules to furnish proxy materials online to reduce delivery costs and environmental impact..
Is WATTS WATER TECHNOLOGIES INC a risky investment based on this filing?
Based on this DEF 14A, WATTS WATER TECHNOLOGIES INC presents a moderate-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
What should investors do after reading WATTS WATER TECHNOLOGIES INC's DEF 14A?
Review the proxy statement for details on proposals, executive compensation, and director nominations to make an informed voting decision. The overall sentiment from this filing is neutral.
How does WATTS WATER TECHNOLOGIES INC compare to its industry peers?
Watts Water Technologies operates in the water technology sector, providing innovative solutions for water quality, conservation, and flow control.
Are there regulatory concerns for WATTS WATER TECHNOLOGIES INC?
The filing adheres to SEC regulations for proxy statements, ensuring transparency and proper disclosure to shareholders regarding company matters.
Industry Context
Watts Water Technologies operates in the water technology sector, providing innovative solutions for water quality, conservation, and flow control.
Regulatory Implications
The filing adheres to SEC regulations for proxy statements, ensuring transparency and proper disclosure to shareholders regarding company matters.
What Investors Should Do
- Review the proxy statement for details on proposals to be voted on at the Annual Meeting.
- Vote your shares by telephone or internet as instructed to ensure your voice is heard.
- Note the date and time of the Annual Meeting if you plan to attend in person.
Key Dates
- 2024-05-22: 2024 Annual Meeting of Stockholders — Key date for shareholder voting and corporate decisions.
- 2024-04-01: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Year-Over-Year Comparison
This is the initial filing for the 2024 proxy season, providing details for the upcoming annual meeting.
Filing Stats: 4,689 words · 19 min read · ~16 pages · Grade level 12.3 · Accepted 2024-04-01 12:02:44
Key Financial Figures
- $0.10 — of our class A common stock, par value $0.10 per share, outstanding on the record da
Filing Documents
- tm242664d2_def14a.htm (DEF 14A) — 1851KB
- lg_wattswater-pn.jpg (GRAPHIC) — 28KB
- sg_robertpagano-bw.jpg (GRAPHIC) — 11KB
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- ph_kennethnapolitano-bw.jpg (GRAPHIC) — 11KB
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- ph_bobpagano-bw.jpg (GRAPHIC) — 13KB
- ph_raines-bwlr.jpg (GRAPHIC) — 12KB
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- pc_ceoneo-pn.jpg (GRAPHIC) — 92KB
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- px_wattsproxy1pg01-bw.jpg (GRAPHIC) — 223KB
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- px_24wattsproxy2pg01-4c.jpg (GRAPHIC) — 273KB
- 0001104659-24-041656.txt ( ) — 5501KB
- wts-20231231.xsd (EX-101.SCH) — 9KB
- wts-20231231_def.xml (EX-101.DEF) — 7KB
- wts-20231231_lab.xml (EX-101.LAB) — 29KB
- wts-20231231_pre.xml (EX-101.PRE) — 8KB
- tm242664d2_def14a_htm.xml (XML) — 266KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 45 Compensation Summary 45 Grants of Plan-Based Awards 48 Outstanding Equity Awards at Fiscal Year-End 49 Option Exercises and Stock Vested 50 Nonqualified Deferred Compensation 51 Potential Payments Upon Termination or Change in Control 52 Pay Versus Performance Disclosure 55 Pay Ratio Disclosure 59 DELINQUENT SECTION 16(a) REPORTS 59 PROPOSAL 2: ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION 60 AUDIT COMMITTEE REPORT 61 i TABLE OF CONTENTS Page PROPOSAL 3: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 61 HOUSEHOLDING OF ANNUAL MEETING MATERIALS 63 STOCKHOLDER PROPOSALS 63 ii TABLE OF CONTENTS WATTS WATER TECHNOLOGIES, INC. ANNUAL MEETING OF STOCKHOLDERS May 22, 2024 PROXY STATEMENT INFORMATION ABOUT THE ANNUAL MEETING Our 2024 Annual Meeting of Stockholders will be held on Wednesday, May 22, 2024 at 9:00 a.m., local time, at our principal executive offices located at 815 Chestnut Street, North Andover, Massachusetts 01845. If you have any questions about the Annual Meeting, you may contact our Investor Relations department by email at investorrelations@wattswater.com or by mailing a written request for information addressed to our Corporate Secretary at our principal executive offices. Information About this Proxy Statement You have received this proxy statement because the Board of Directors of Watts Water Technologies, Inc. (which we also refer to as Watts or the Company) is soliciting your proxy to vote your shares at the 2024 Annual Meeting and at any continuation, adjournment or postponement of the 2024 Annual Meeting. This proxy statement includes information that we are required to provide to you under the rules of the Securities and Exchange Commission, or SEC, and is designed to assist you in voting your shares. Only stockholders of record at the close of business on March 27, 2024 are entitled to receive notice