NN, Inc. Announces 2024 Annual Meeting of Stockholders on May 14, 2024

TL;DR

<b>NN, Inc. invites stockholders to its 2024 Annual Meeting on May 14, 2024, to vote on director elections and other key matters.</b>

AI Summary

NN INC (NNBR) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. NN, Inc. will hold its 2024 Annual Meeting of Stockholders on May 14, 2024, at 10:00 a.m. ET. The meeting will take place at the Hilton Garden Inn Charlotte Waverly in Charlotte, North Carolina. Stockholders will vote on electing seven directors and other matters detailed in the proxy statement. Voting can be done by mail, telephone, internet, or in person at the meeting. The company urges stockholders to vote by proxy, even if attending in person.

Why It Matters

For investors and stakeholders tracking NN INC, this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating the company is formally soliciting shareholder votes for its annual meeting. The meeting agenda includes the election of directors, a critical governance function that allows shareholders to influence the company's leadership and strategic direction.

Risk Assessment

Risk Level: low — NN INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Review the nominated directors and any proposals to be voted on to make an informed voting decision.

Key Numbers

• 7 — Directors (Number of directors to be elected at the annual meeting.)
• May 14, 2024 — Meeting Date (Date of the 2024 Annual Meeting of Stockholders.)
• 10:00 a.m. ET — Meeting Time (Time of the 2024 Annual Meeting of Stockholders.)

Key Players & Entities

• NN, INC. (company) — Registrant name and filer of the proxy statement.
• Harold C. Bevis (person) — President and Chief Executive Officer of NN, Inc.
• Hilton Garden Inn Charlotte Waverly (company) — Location of the 2024 Annual Meeting of Stockholders.
• May 14, 2024 (date) — Date of the 2024 Annual Meeting of Stockholders.
• 2024 (date) — Year of the Annual Meeting of Stockholders.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings, including timely filing and accurate disclosure.
• Meeting Logistics [low — operational]: Ensuring the smooth execution of the annual meeting, including venue arrangements and accessibility for stockholders, is crucial for effective shareholder engagement.

Industry Context

NN, Inc. operates in the industrial sector, and its annual meeting is a standard corporate event for shareholder governance.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs proxy solicitations.

What Investors Should Do

1. Review the proxy statement for details on director nominees and any proposals.
2. Decide on voting preference (for, against, abstain) for each item.
3. Submit proxy vote via mail, phone, or internet before the meeting date.

Key Dates

• 2024-05-14: Annual Meeting of Stockholders — Key date for shareholder voting on directors and company matters.
• 2024-04-04: Filing Date — Date the definitive proxy statement was filed with the SEC.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) filed for the 2024 annual meeting, indicating a formal solicitation of shareholder votes.

Key Financial Figures

• $0.01 — f record of our common stock, par value $0.01 per share, or the common stock, as of t

Filing Documents

• proxystatement2024.htm (DEF 14A) — 1086KB
• hbevissigna.jpg (GRAPHIC) — 11KB
• nnlogoaa.jpg (GRAPHIC) — 10KB
• proxycard2024a.jpg (GRAPHIC) — 56KB
• proxycard2024b.jpg (GRAPHIC) — 90KB
• proxycard2024c.jpg (GRAPHIC) — 121KB
• signaturemfa.jpg (GRAPHIC) — 33KB
• 0000918541-24-000056.txt (&nbsp;) — 1522KB

Executive compensation driven by pay-for-performance philosophy

Executive compensation driven by pay-for-performance philosophy Majority voting for uncontested director elections Limits on directors' service on other public company boards and audit committees Incentive compensation recoupment (clawback) policy applicable to any incentive-based compensation awards issued to our executive officers and Engagement of an independent compensation consultant to support our efforts of further aligning executive compensation with our stockholders' interests. IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING EACH OF THE ANNUAL REPORT, NOTICE OF ANNUAL MEETING AND PROXY STATEMENT IS AVAILABLE AT WWW.PROXYVOTE.COM . PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS NN, INC. 6210 Ardrey Kell Road, Suite 120 Charlotte, North Carolina 28277 Proxies are being solicited by the Board of Directors of NN, Inc., or the Board, in connection with the 2024 Annual Meeting of Stockholders of NN, Inc., or the Annual Meeting. Your vote is very important. For this reason, our Board is requesting that you allow your shares to be represented at the Annual Meeting by the proxies named on the proxy card. In connection with our solicitation of proxies, as permitted by the rules and regulations adopted by the U.S. Securities and Exchange Commission, or the SEC, we are making this proxy statement for the Annual Meeting, or this Proxy Statement, the proxy card and our Annual Report on Form 10-K for the year ended December 31, 2023 available to stockholders electronically via the Internet at the following website www.proxyvote.com. Beginning on or about April 4, 2024, we are mailing to our stockholders a Notice of Internet Availability of Proxy Materials, or Notice of Internet Availability, that contains instructions on how stockholders may access and review all of the proxy materials and how to vote. Also, beginning on or about April 4, 2024, we are mailing printed copies of the proxy materials to stockholder