Gentex Corp. Files Definitive Proxy Statement

Ticker: GNTX · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 355811

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Gentex Corp, Executive Compensation, Equity Awards

TL;DR

<b>Gentex Corp. has filed its Definitive Proxy Statement for the period ending May 16, 2024, detailing executive compensation and equity awards.</b>

AI Summary

GENTEX CORP (GNTX) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Gentex Corp. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 16, 2024. The company's fiscal year ends on December 31. Gentex Corp. is classified under SIC code 3714 for Motor Vehicle Parts & Accessories. The filing includes details on equity awards reported for PEO and Non-PEO members across multiple years (2020-2023).

Why It Matters

For investors and stakeholders tracking GENTEX CORP, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, director elections, and other corporate governance matters, enabling informed voting decisions. The detailed breakdown of equity awards across different executive tiers and years offers transparency into the company's incentive structures and potential future dilution.

Risk Assessment

Risk Level: — GENTEX CORP shows moderate risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial information or significant operational changes.

Analyst Insight

Review the executive compensation details and equity award grants to understand potential impacts on shareholder value and dilution.

Key Numbers

Key Players & Entities

FAQ

When did GENTEX CORP file this DEF 14A?

GENTEX CORP filed this Proxy Statement (DEF 14A) with the SEC on April 4, 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 GENTEX CORP (GNTX).

Where can I read the original DEF 14A filing from GENTEX 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 GENTEX CORP.

What are the key takeaways from GENTEX CORP's DEF 14A?

GENTEX CORP filed this DEF 14A on April 4, 2024. Key takeaways: Gentex Corp. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024.. The filing covers the period ending May 16, 2024.. The company's fiscal year ends on December 31..

Is GENTEX CORP a risky investment based on this filing?

Based on this DEF 14A, GENTEX CORP presents a moderate-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial information or significant operational changes.

What should investors do after reading GENTEX CORP's DEF 14A?

Review the executive compensation details and equity award grants to understand potential impacts on shareholder value and dilution. The overall sentiment from this filing is neutral.

How does GENTEX CORP compare to its industry peers?

Gentex Corporation operates in the automotive parts and accessories industry, specifically focusing on manufacturing auto-dimming mirrors and related electronic systems.

Are there regulatory concerns for GENTEX CORP?

As a publicly traded company, Gentex Corp. is subject to SEC regulations, including the requirement to file Definitive Proxy Statements (DEF 14A) for shareholder meetings and corporate governance matters.

Industry Context

Gentex Corporation operates in the automotive parts and accessories industry, specifically focusing on manufacturing auto-dimming mirrors and related electronic systems.

Regulatory Implications

As a publicly traded company, Gentex Corp. is subject to SEC regulations, including the requirement to file Definitive Proxy Statements (DEF 14A) for shareholder meetings and corporate governance matters.

What Investors Should Do

  1. Analyze the detailed breakdown of executive compensation and equity awards for PEO and Non-PEO members.
  2. Review the proposals to be voted on at the upcoming shareholder meeting.
  3. Assess any changes in corporate governance practices outlined in the filing.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure. No specific comparative data from a prior filing was immediately extractable from the provided text.

Filing Stats: 4,761 words · 19 min read · ~16 pages · Grade level 12.5 · Accepted 2024-04-04 08:58:08

Key Financial Figures

Filing Documents

From the Filing

gntx-20240403 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant 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)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 GENTEX 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 the appropriate box): 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)(1) and 0-11 600 North Centennial Street Zeeland, Michigan 49464 NOTICE OF 2024 ANNUAL MEETING OF SHAREHOLDERS Date: May 16, 2024 Time: 4:30 PM E.T. Place: Pinnacle Center 3330 Highland Drive Hudsonville, Michigan Dear Shareholder: The Annual Meeting of the Shareholders ("Annual Meeting") of Gentex Corporation ("Company"), a Michigan corporation, will be held at The Pinnacle Center, 3330 Highland Drive, Hudsonville, Michigan, on Thursday, May 16, 2024, at 4:30 p.m. EDT, for the following purposes: 1. To elect nine directors as set forth in the Proxy Statement. 2. To ratify the appointment of Ernst & Young LLP as the Company's auditors for the fiscal year ended December 31, 2024. 3. To approve, on an advisory basis, the compensation of the Company's named executive officers. 4. To transact any other business that may properly come before the meeting, or any adjournment thereof. Shareholders of record as of the close of business on March 18, 2024, are entitled to notice of, to attend, and to vote at the meeting and are being sent this Proxy Statement on or about April 4, 2024. We are pleased to offer multiple options for voting your shares. As detailed in the "Solicitation of Proxies" section of the Proxy Statement, you can vote your shares via the Internet, by telephone (1-800-690-6903), by mail, or by written ballot at the Annual Meeting. We encourage you to use the Internet to vote your shares as it is the most efficient method. If your shares are held in "street name," (that is held for your account by a broker or other nominee), you will receive instructions from the holder of record that you must follow for your shares to be voted. 1 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on May 16, 2024 You are receiving this notice that the proxy materials for our 2024 Annual Meeting of Shareholders are available on the Internet. The following proxy materials can be found https://www.proxyvote.com : Company's 2024 Proxy Statement; Company's Annual Report to Shareholders for the year ended December 31, 2023; and Proxy Card or Voting Instruction Form. Whether or not you expect to be present at the meeting, you are urged to promptly vote your shares using one of the methods discussed above. If you do attend the meeting and wish to vote in person, you must withdraw your earlier-dated proxy as set forth in the Proxy Statement, and provide proof of ownership of Company shares as of the record date of March 18, 2024. As always, we encourage you to vote your shares online ( https://www.proxyvote.com ) or over the phone (1-800-690-6903) prior to the annual meeting. BY ORDER OF THE BOARD OF DIRECTORS Scott Ryan Corporate Secretary April 4, 2024 2 GENTEX CORPORATION 600 North Centennial Street Zeeland, Michigan 49464 PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 16, 2024 QUESTIONS & ANSWERS PROXY STATEMENT What is a Proxy and a Proxy Statement? The Company's Board of Directors (the "Board") is soliciting proxies for the 2024 Annual Meeting. A proxy is your authorization for someone else to vote on your behalf in the way you want to vote and allows you to be represented at the Annual Meeting even if you are unable to attend. A Proxy Statement is the document the United States Securities and Exchange Commission ("SEC") requires and the Company provides to explain the matters you are being asked to vote on by proxy and to disclose certain relevant information. On or about April 4, 2024, the Company mailed to shareholders of record as of March 18, 2024 (other than those who previously requested electronic delivery), a Notice of Internet Availability of Proxy Materials ("Notice") containing instructions on how to access the Proxy Statement and Annual Report for the

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