Cable One, Inc. Files Definitive Proxy Statement

Ticker: CABO · Form: DEF 14A · Filed: Apr 9, 2024 · CIK: 1632127

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Executive Compensation, Equity Awards, Pension Benefits

TL;DR

<b>Cable One, Inc. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023, detailing executive compensation and related financial data.</b>

AI Summary

Cable One, Inc. (CABO) filed a Proxy Statement (DEF 14A) with the SEC on April 9, 2024. Cable One, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 9, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 210 E. Earll Drive, Phoenix, AZ 85012. The filing includes data related to equity awards and pension benefits for the years 2020-2023. Specific data points include reported values of equity awards, adjustments, and changes in pension benefits.

Why It Matters

For investors and stakeholders tracking Cable One, Inc., this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, equity awards, and pension benefits, enabling informed voting decisions at the upcoming shareholder meeting. The detailed breakdown of equity awards and pension benefit changes over multiple years (2020-2023) allows for trend analysis and assessment of long-term compensation strategies.

Risk Assessment

Risk Level: low — Cable One, Inc. shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or strategic shifts that would indicate significant risk.

Analyst Insight

Review the detailed breakdown of executive equity awards and pension benefits to understand compensation trends and potential impacts on shareholder value.

Key Numbers

Key Players & Entities

FAQ

When did Cable One, Inc. file this DEF 14A?

Cable One, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 9, 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 Cable One, Inc. (CABO).

Where can I read the original DEF 14A filing from Cable One, Inc.?

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 Cable One, Inc..

What are the key takeaways from Cable One, Inc.'s DEF 14A?

Cable One, Inc. filed this DEF 14A on April 9, 2024. Key takeaways: Cable One, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 9, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 210 E. Earll Drive, Phoenix, AZ 85012..

Is Cable One, Inc. a risky investment based on this filing?

Based on this DEF 14A, Cable One, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or strategic shifts that would indicate significant risk.

What should investors do after reading Cable One, Inc.'s DEF 14A?

Review the detailed breakdown of executive equity awards and pension benefits to understand compensation trends and potential impacts on shareholder value. The overall sentiment from this filing is neutral.

How does Cable One, Inc. compare to its industry peers?

Cable One, Inc. operates in the cable and other pay television services industry.

Are there regulatory concerns for Cable One, Inc.?

The filing is a standard DEF 14A, adhering to SEC regulations for proxy solicitations.

Industry Context

Cable One, Inc. operates in the cable and other pay television services industry.

Regulatory Implications

The filing is a standard DEF 14A, adhering to SEC regulations for proxy solicitations.

What Investors Should Do

  1. Analyze the reported values and adjustments for equity awards granted during and prior to 2023.
  2. Examine the changes in the actuarial present value of pension benefits for key executives.
  3. Review any disclosed breakdowns of executive compensation components.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure for executive compensation and shareholder matters, and does not represent a change in financial reporting compared to previous filings of the same type.

Filing Stats: 4,542 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2024-04-09 16:15:35

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 48 2023 Summary Compensation Table 48 2023 Grants of Plan-Based Awards 50 Outstanding Equity Awards at 2023 Fiscal Year-End 51 2023 SAR Exercises and Stock Vested 53 2 023 Pension Benefits 54 2 023 Nonqualified Deferred Compensation 55 Potential Payments Upon Termination or Change of Control 55 CEO Pay Ratio 58 PAY VERSUS PERFORMANCE 59 Overview 59 Table of Contents The Relationship Between Executive Compensation Actually Paid and Performance 62 Financial Performance Measures 63 PROPOSAL 3: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION FOR 2023 64 DIRECTOR COMPENSATION 65

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 67 EQUITY COMPENSATION PLAN INFORMATION 69 REPORT OF THE AUDIT COMMITTEE 70 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 71 DELINQUENT SECTION 16(a) FILINGS 72 STOCKHOLDER PROPOSALS, DIRECTOR NOMINATIONS AND OTHER BUSINESS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS 72 HOUSEHOLDING OF PROXY MATERIALS 73 OTHER MATTERS THAT MAY COME BEFORE THE ANNUAL MEETING 73 ANNEX A: Use of Non-GAAP Financial Measures A- 1 This Proxy Statement may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied by these statements. You can generally identify forward-looking statements by the words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," forecast," "goal," "intend," "may," "might," "objective," "outlook," "plan," "potential," "predict," "projection," "seek," "should," "target," "trend," "will," "would," or the negative version of these words or other comparable words. Any statements that are not historical facts are forward-looking statements. Such forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include, but are not limited to, factors described under "Risk Factors" in the Company's annual report on Form 10-K for the period ended December 31, 2023 and the Company's other filings with the Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this Proxy Statement, and the Company undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future dev

Executive Compensation Program Overview

Executive Compensation Program Overview We believe our performance-based compensation philosophy for executive officers provides incentives to achieve both short- and long-term business objectives; aligns the interests of our executive officers and long-term stockholders; and enables us to hire and retain talented individuals in a competitive marketplace. Key Objectives of Our Executive Compensation Program Provide competitive total direct compensation to our executives in order to attract and retain highly qualified and productive executives. Motivate executives to enhance our overall performance and profitability through the successful execution of our short-term and long-term business strategies, with an emphasis on the long-term. Align the long-term interests of our executives and stockholders through meaningful ownership of our stock and by rewarding stockholder value creation. Reflect our pay-for-performance philosophy. Ensure that total compensation opportunities are competitive.

Executive Compensation Best Practices

Executive Compensation Best Practices Our executive compensation is aligned with a pay-for-performance philosophy where a substantial portion of NEO compensation is at-risk and tied to objective performance goals. Both annual bonuses and the majority of annual equity incentive awards for executives are based on financial operating performance against pre-defined objective goals (with no discretion to increase payouts). The C&TM Committee engages an independent compensation consultant. We maintain robust executive and non-employee director stock ownership guidelines. We maintain robust clawback policies which provide for the forfeiture of outstanding incentive compensation and the recoupment of previously paid incentive compensation in the event of financial restatements, legal or compliance violations and various forms of misconduct. We prohibit hedging and pledging of our securities by all executives, directors and other members of our restricted trading population. The C&TM Committee conducts an annual risk assessment of our compensation program. We do not provide any "single trigger" payments or benefits upon a change of control of the Company. We do not provide gross-up payments on excise taxes under Section 280G or Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") upon a change of control of the Company. Cable One, Inc. 2024 Proxy Statement | 7 Table of Contents We provide only limited perquisites to our NEOs. Our 2022 Omnibus Incentive Compensation Plan (the "2022 Omnibus Plan") does not allow repricing of options or stock appreciation rights ("SARs") without stockholder approval or contain an "evergreen" or automatic share replenishment provision. Proposal 1: Election of Directors (page 15 ) The following tables present certain information, as of April 1, 2024, concerning each nominee for election as a director at the Annual Meeting. Director Nominees Name Age Director Since Principal Occupation Ind

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