Fonar Corp Files Definitive Proxy Statement for Annual Meeting
Ticker: FONR · Form: DEF 14A · Filed: Apr 8, 2024 · CIK: 355019
Sentiment: neutral
Topics: proxy statement, annual meeting, DEF 14A, Fonar Corp, SEC filing
TL;DR
<b>Fonar Corp has filed its definitive proxy statement for its upcoming annual meeting.</b>
AI Summary
FONAR CORP (FONR) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. Fonar Corporation has filed a Definitive Proxy Statement (DEF 14A) with the SEC. The filing is dated April 8, 2024, and pertains to the company's annual meeting. The fiscal year end for Fonar Corporation is June 30. The company's principal business address is 110 Marcus Drive, Melville, NY 11747. The filing fee for this statement was not required.
Why It Matters
For investors and stakeholders tracking FONAR CORP, this filing contains several important signals. This filing provides shareholders with essential information regarding the annual meeting, including details for voting on corporate matters. As a DEF 14A filing, it signifies that the preliminary proxy materials have been reviewed and this is the final version being distributed to shareholders.
Risk Assessment
Risk Level: low — FONAR CORP shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial or operational disclosures that would indicate significant risk.
Analyst Insight
Shareholders should review the proxy statement to understand the proposals being voted on and to cast their votes for the annual meeting.
Key Numbers
- 20240408 — Filing Date (Date the Definitive Proxy Statement was filed.)
- DEF 14A — Form Type (Type of SEC filing.)
- 0630 — Fiscal Year End (Fonar Corporation's fiscal year end.)
- 11747 — ZIP Code (Fonar Corporation's business and mailing ZIP code.)
Key Players & Entities
- FONAR CORP (company) — Registrant and Filer
- 110 MARCUS DR (address) — Business and Mail Address
- MELVILLE (location) — City for Business and Mail Address
- NY (location) — State for Business and Mail Address
- 11747 (zip_code) — ZIP code for Business and Mail Address
- 6316942929 (phone_number) — Business Phone Number
- 20240408 (date) — Filing Date
- 0630 (fiscal_year) — Fiscal Year End
FAQ
When did FONAR CORP file this DEF 14A?
FONAR CORP filed this Proxy Statement (DEF 14A) with the SEC on April 8, 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 FONAR CORP (FONR).
Where can I read the original DEF 14A filing from FONAR 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 FONAR CORP.
What are the key takeaways from FONAR CORP's DEF 14A?
FONAR CORP filed this DEF 14A on April 8, 2024. Key takeaways: Fonar Corporation has filed a Definitive Proxy Statement (DEF 14A) with the SEC.. The filing is dated April 8, 2024, and pertains to the company's annual meeting.. The fiscal year end for Fonar Corporation is June 30..
Is FONAR CORP a risky investment based on this filing?
Based on this DEF 14A, FONAR CORP presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial or operational disclosures that would indicate significant risk.
What should investors do after reading FONAR CORP's DEF 14A?
Shareholders should review the proxy statement to understand the proposals being voted on and to cast their votes for the annual meeting. The overall sentiment from this filing is neutral.
How does FONAR CORP compare to its industry peers?
Fonar Corporation operates in the electromedical and electrotherapeutic apparatus industry, manufacturing MRI scanners.
Are there regulatory concerns for FONAR CORP?
The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
Industry Context
Fonar Corporation operates in the electromedical and electrotherapeutic apparatus industry, manufacturing MRI scanners.
Regulatory Implications
The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
What Investors Should Do
- Shareholders should review the proxy statement for details on proposals and director nominations.
- Ensure voting rights are exercised by the deadline specified in the proxy materials.
- Verify company contact information and address details provided in the filing.
Key Dates
- 2024-04-08: Filing Date — Definitive Proxy Statement filed with the SEC.
Year-Over-Year Comparison
This is a routine DEF 14A filing for the annual meeting and does not appear to be an amendment or a significant change from previous routine filings.
Filing Stats: 4,267 words · 17 min read · ~14 pages · Grade level 12.9 · Accepted 2024-04-08 15:27:25
Key Financial Figures
- $10M — ting for lower middle market companies ($10M-$250M of enterprise value) in a variety
- $250M — for lower middle market companies ($10M-$250M of enterprise value) in a variety of in
- $20,000 — er directors are each paid a minimum of $20,000 per year in their capacities as directo
Filing Documents
- fonar-notice_proxy.htm (DEF 14A) — 1724KB
- fonar_logo.jpg (GRAPHIC) — 14KB
- damadian_smithsonian.jpg (GRAPHIC) — 3270KB
- damadian_portrait.jpg (GRAPHIC) — 1167KB
- rvd_museum.jpg (GRAPHIC) — 3576KB
- fonar_graph.jpg (GRAPHIC) — 70KB
- 0000355019-24-000016.txt ( ) — 12873KB
From the Filing
DEF 14A 1 fonar-notice_proxy.htm FONAR CORPORATION NOTICE OF ANNUAL MEETING AND PROXY UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to section 14(a) of the Securities and Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] 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)) [X] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to §240.14a-12 Fonar 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): [X] No fee required [ ] Fee computed on table below per Exchange Act Rules 14-6(i) (1) and 0-11. 1) Title of each class of securities to which transaction applies: N/A …………………………………………………………………. 2) Aggregate number of securities to which transaction applies: N/A …………………………………………………………………. 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount of which the filing fee is calculated and state how it was determined: N/A ………………………………………………………………….. 4) Proposed maximum aggregate value of transaction: N/A …………………………………………….…………………… 5) Total fee paid: N/A …………………………………………………………………. [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 240.0-11 (a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: …………………………………………………………………. 2) Form, Schedule or Registration Statement No.: …………………………………………………………………. 3) Filing Party: …………………………………………………………………. 4) Date Filed: …………………………………………………………………. FONAR CORPORATION 110 Marcus Drive Melville, New York 11747 (631) 694-2929 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS Monday, May 20, 2024 To The Stockholders: The Annual Meeting of the stockholders of Fonar Corporation will be held at the Hilton Long Island Huntington Hotel, 598 Broadhollow Road, Melville, New York 11747 (631-845-1000), on Monday, May 20, 2024, at 10:00 a.m. local time for the following purposes: 1. To elect five Directors to the Board of Directors. 2. To approve, on an advisory basis, the compensation of the Company’s named executive officers. 3. To recommend, on an advisory basis, whether the advisory stockholder vote to approve the compensation of the Company’s named executive officers be taken every year, every two years, or every