Investar Holding Corp. Announces 2024 Annual Meeting of Shareholders
Ticker: ISTR · Form: DEF 14A · Filed: Apr 2, 2024 · CIK: 1602658
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Shareholder Vote, Executive Compensation, Director Election
TL;DR
<b>Investar Holding Corporation will hold its 2024 Annual Meeting on May 15, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>
AI Summary
Investar Holding Corp (ISTR) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Annual Meeting scheduled for May 15, 2024, at 3:00 p.m. Central Time in Baton Rouge, LA. Shareholders of record as of March 18, 2024, are eligible to vote. Key agenda items include election of 11 directors, ratification of independent auditors, and advisory vote on executive compensation. Annual Report on Form 10-K for the year ended December 31, 2023, is available online. Shareholders can vote via telephone, internet, or in person.
Why It Matters
For investors and stakeholders tracking Investar Holding Corp, this filing contains several important signals. Shareholders need to be aware of the voting deadlines and methods to ensure their voice is heard at the annual meeting. The meeting agenda covers critical governance matters, including director elections and executive compensation, which directly impact the company's strategic direction and shareholder value.
Risk Assessment
Risk Level: low — Investar Holding Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain new financial performance data or significant strategic shifts.
Analyst Insight
Shareholders should review the proxy materials carefully to make informed voting decisions on director nominees, auditor ratification, and executive compensation.
Key Numbers
- 11 — Directors to be elected (Each to serve a one-year term)
- 3:00 p.m. — Meeting Time (Central Time on May 15, 2024)
- 2024 — Fiscal Year (For which Horne LLP is appointed as independent auditor)
Key Players & Entities
- Investar Holding Corp. (company) — Registrant and company name
- Horne LLP (company) — Independent registered public accounting firm
- 2024 Annual Meeting of Shareholders (event) — Name of the meeting
- May 15, 2024 (date) — Date of the annual meeting
- March 18, 2024 (date) — Record date for shareholder eligibility
- December 31, 2023 (date) — Fiscal year end for the Annual Report on Form 10-K
FAQ
When did Investar Holding Corp file this DEF 14A?
Investar Holding Corp filed this Proxy Statement (DEF 14A) with the SEC on April 2, 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 Investar Holding Corp (ISTR).
Where can I read the original DEF 14A filing from Investar Holding 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 Investar Holding Corp.
What are the key takeaways from Investar Holding Corp's DEF 14A?
Investar Holding Corp filed this DEF 14A on April 2, 2024. Key takeaways: Annual Meeting scheduled for May 15, 2024, at 3:00 p.m. Central Time in Baton Rouge, LA.. Shareholders of record as of March 18, 2024, are eligible to vote.. Key agenda items include election of 11 directors, ratification of independent auditors, and advisory vote on executive compensation..
Is Investar Holding Corp a risky investment based on this filing?
Based on this DEF 14A, Investar Holding Corp presents a relatively low-risk profile. The filing is a routine proxy statement for an annual shareholder meeting and does not contain new financial performance data or significant strategic shifts.
What should investors do after reading Investar Holding Corp's DEF 14A?
Shareholders should review the proxy materials carefully to make informed voting decisions on director nominees, auditor ratification, and executive compensation. The overall sentiment from this filing is neutral.
How does Investar Holding Corp compare to its industry peers?
Investar Holding Corporation operates in the commercial banking sector, subject to federal and state regulations.
Are there regulatory concerns for Investar Holding Corp?
The filing is subject to the Securities Exchange Act of 1934, specifically Regulation 14A concerning proxy solicitations.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and shareholder meetings.
- Conduct of the Annual Meeting [low — operational]: Ensuring the smooth and orderly conduct of the annual meeting, including voting procedures and shareholder participation.
Industry Context
Investar Holding Corporation operates in the commercial banking sector, subject to federal and state regulations.
Regulatory Implications
The filing is subject to the Securities Exchange Act of 1934, specifically Regulation 14A concerning proxy solicitations.
What Investors Should Do
- Review the list of director nominees and their qualifications.
- Evaluate the proposed independent registered public accounting firm, Horne LLP.
- Understand the advisory vote on executive compensation and its implications.
Key Dates
- 2024-05-15: 2024 Annual Meeting of Shareholders — Shareholders will vote on key governance matters.
- 2024-04-02: Filing Date — Definitive Proxy Statement filed with the SEC.
- 2024-03-18: Record Date — Determines eligibility to vote at the Annual Meeting.
Year-Over-Year Comparison
This is a DEF 14A filing for the 2024 Annual Meeting, following the typical structure for such disclosures.
Filing Stats: 4,744 words · 19 min read · ~16 pages · Grade level 12.9 · Accepted 2024-04-02 16:06:54
Key Financial Figures
- $1.00 — ass of securities was our common stock, $1.00 par value per share. On that date, we h
Filing Documents
- istr20230925_def14a.htm (DEF 14A) — 745KB
- capvsnigraph.jpg (GRAPHIC) — 50KB
- capvstsrgraph.jpg (GRAPHIC) — 52KB
- dangelosig.jpg (GRAPHIC) — 7KB
- hidalgosig.jpg (GRAPHIC) — 8KB
- investarlogolarge.jpg (GRAPHIC) — 16KB
- proxycard1.jpg (GRAPHIC) — 116KB
- proxycard2.jpg (GRAPHIC) — 66KB
- 0001437749-24-010596.txt ( ) — 1179KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 17
Executive Compensation Best Practices
Executive Compensation Best Practices 18 Shareholder Outreach and Engagement 18 Compensation Committee Processes 18 Risk Assessment of Compensation Policies and Practices 19 Use of Compensation Consultants 19 Role of Our Officers Relating to Executive Compensation 19 Narrative to Summary Compensation Table for 2023 20 COMPENSATION TABLES 23 Summary Compensation Table 23 Pay Versus Performance Table 23 Outstanding Equity Awards at December 31, 2023 24 REPORT OF THE AUDIT COMMITTEE 26 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 27 Fees and Related Disclosures for Accounting Services 27 SHAREHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING OF SHAREHOLDERS 28 Proposals for Inclusion in Our Proxy Statement 28 Proposals to be Introduced at the 2025 Annual Meeting of Shareholders 28 OTHER MATTERS 29 AVAILABILITY OF ANNUAL REPORT ON FORM 10-K 29 We include website addresses throughout this Proxy Statement for reference only. The information contained or referenced on our website and other websites mentioned in this Proxy Statement are not a part of this Proxy Statement and are not deemed incorporated by reference into this Proxy Statement or any other public filing made with the Securities and Exchange Commission ("SEC"). ii Table of Contents INVESTAR HOLDING CORPORATION 10500 Coursey Boulevard, Third Floor, Baton Rouge, Louisiana 70816 ______________________________________________ PROXY STATEMENT ______________________________________________ 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON WEDNESDAY, MAY 15, 2024 We are making this proxy statement available to the shareholders of Investar Holding Corporation in connection with the solicitation of proxies by its board of directors (our "board") for use at the 2024 Annual Meeting of Shareholders of Investar Holding Corporation to be held at 3:00 p.m., Central Time, on Wednesday, May 15, 2024, at Investar Bank, 10500 Coursey Boulev