Terex Corp. Files Definitive Proxy Statement

Ticker: TEX · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 97216

Sentiment: neutral

Topics: Terex Corp, DEF 14A, Proxy Statement, Executive Compensation, Shareholder Meeting

TL;DR

<b>Terex Corp. has filed its Definitive Proxy Statement for the period ending May 23, 2024, detailing executive compensation and equity awards.</b>

AI Summary

TEREX CORP (TEX) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Terex Corp. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024. The filing covers the period ending May 23, 2024. The company's fiscal year ends on December 31. Terex Corp. is classified under SIC code 3537: Industrial Trucks, Tractors, Trailers & Stackers. The filing includes data related to equity awards granted to PEO and Non-PEO members for the years 2020 through 2023.

Why It Matters

For investors and stakeholders tracking TEREX CORP, this filing contains several important signals. This DEF 14A filing is crucial for shareholders to understand executive compensation structures and potential impacts on company performance and governance. Shareholders will vote on matters presented in this proxy, including executive compensation, which can influence stock performance and investor sentiment.

Risk Assessment

Risk Level: low — TEREX CORP shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant operational changes that would indicate high risk.

Analyst Insight

Shareholders should review the executive compensation details and voting proposals to make informed decisions at the upcoming shareholder meeting.

Key Numbers

Key Players & Entities

FAQ

When did TEREX CORP file this DEF 14A?

TEREX CORP filed this Proxy Statement (DEF 14A) with the SEC on April 5, 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 TEREX CORP (TEX).

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

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

TEREX CORP filed this DEF 14A on April 5, 2024. Key takeaways: Terex Corp. filed a Definitive Proxy Statement (DEF 14A) on April 5, 2024.. The filing covers the period ending May 23, 2024.. The company's fiscal year ends on December 31..

Is TEREX CORP a risky investment based on this filing?

Based on this DEF 14A, TEREX CORP presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant operational changes that would indicate high risk.

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

Shareholders should review the executive compensation details and voting proposals to make informed decisions at the upcoming shareholder meeting. The overall sentiment from this filing is neutral.

How does TEREX CORP compare to its industry peers?

Terex Corporation operates in the industrial machinery sector, specifically focusing on industrial trucks, tractors, trailers, and stackers.

Are there regulatory concerns for TEREX CORP?

This filing is a DEF 14A, a Definitive Proxy Statement required by the SEC for companies soliciting proxies from shareholders for annual or special meetings.

Industry Context

Terex Corporation operates in the industrial machinery sector, specifically focusing on industrial trucks, tractors, trailers, and stackers.

Regulatory Implications

This filing is a DEF 14A, a Definitive Proxy Statement required by the SEC for companies soliciting proxies from shareholders for annual or special meetings.

What Investors Should Do

  1. Review the detailed executive compensation packages outlined in the proxy statement.
  2. Understand the proposals being put forth for shareholder vote at the upcoming meeting.
  3. Assess the company's governance practices as presented in the filing.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure for proxy solicitations and does not represent a change from previous reporting periods in terms of filing type.

Filing Stats: 4,580 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-04-05 10:05:36

Key Financial Figures

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 18 Delinquent Section 16(a) Reports 18 COMPENSATION 20 Proposal 2: Advisory Vote to Approve the Compensation of the Named Executive Officers 20 Compensation Discussion and Analysis 21 Compensation and Human Capital Committee Report 34 Executive Officers 35

Executive Compensation Tables

Executive Compensation Tables 36 Summary Compensation Table 36 Grants of Plan-Based Awards 37 Outstanding Equity Awards at Fiscal Year-End 38 Option Exercises and Stock Vested 42 Nonqualified Deferred Compensation 43 Potential Payments Upon Termination or Change in Control 44 Equity Compensation Plan Information 47 CEO Pay Ratio 47 Pay Versus Performance 47 AUDIT 52 Proposal 3 : Ratification of Independent Registered Public Accounting Firm 52 Audit Committee Report 53 OTHER IMPORTANT INFORMATION 54 [THIS PAGE INTENTIONALLY LEFT BLANK] PROXY SUMMARY 2024 ANNUAL MEETING OF STOCKHOLDERS INFORMATION Date: Thursday, May 23, 2024 Record Date: March 27, 2024 Time: 10:00 a.m. Eastern Standard Time Stock Symbol: TEX Location : Live via the Internet at Stock Exchange: New York Stock Exchange (NYSE) www.virtualshareholdermeeting.com/terex2024 Corporate Website : www.terex.com This proxy summary is intended to provide important information related to the Annual Meeting (as defined below). As this is only a summary, Terex Corporation ("Terex" or the "Company") encourages you to read the entire Proxy Statement for more information prior to voting. Terex is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide. We engage with customers through all stages of the product life cycle, from initial specification to parts and service support.

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