SkyWater Technology Announces 2024 Annual Meeting of Stockholders
Ticker: SKYT · Form: DEF 14A · Filed: Apr 10, 2024 · CIK: 1819974
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Director Election, Auditor Ratification, SkyWater Technology
TL;DR
<b>SkyWater Technology is holding its 2024 Annual Meeting of Stockholders virtually on May 22, 2024, to elect directors and ratify auditors.</b>
AI Summary
SkyWater Technology, Inc (SKYT) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. SkyWater Technology, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on May 22, 2024. The meeting will include the election of nine directors to serve until the 2025 annual meeting. Stockholders will vote to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal 2024. The record date for determining stockholders entitled to vote is March 25, 2024. The meeting will be conducted online at www.virtualshareholdermeeting.com/SKYT2024.
Why It Matters
For investors and stakeholders tracking SkyWater Technology, Inc, this filing contains several important signals. The election of directors is a standard governance procedure to ensure the company is overseen by a qualified board. Ratifying the independent auditor is crucial for maintaining financial transparency and investor confidence.
Risk Assessment
Risk Level: low — SkyWater Technology, Inc shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing standard procedural information with no immediate financial or operational disclosures that would significantly alter risk perception.
Analyst Insight
Stockholders should review the director nominees and the auditor ratification proposal to make informed voting decisions.
Key Numbers
- 9 — Directors to be elected (To hold office until the 2025 annual meeting)
- 2024 — Fiscal year for auditor (For which Deloitte & Touche LLP is being ratified)
- 2025 — Annual meeting year (Until which elected directors will hold office)
Key Players & Entities
- SkyWater Technology, Inc. (company) — Registrant name
- Deloitte & Touche LLP (company) — Independent registered public accounting firm
- May 22, 2024 (date) — Date of Annual Meeting
- March 25, 2024 (date) — Record date for stockholders
- www.virtualshareholdermeeting.com/SKYT2024 (url) — Virtual meeting platform
FAQ
When did SkyWater Technology, Inc file this DEF 14A?
SkyWater Technology, Inc filed this Proxy Statement (DEF 14A) with the SEC on April 10, 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 SkyWater Technology, Inc (SKYT).
Where can I read the original DEF 14A filing from SkyWater Technology, 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 SkyWater Technology, Inc.
What are the key takeaways from SkyWater Technology, Inc's DEF 14A?
SkyWater Technology, Inc filed this DEF 14A on April 10, 2024. Key takeaways: SkyWater Technology, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on May 22, 2024.. The meeting will include the election of nine directors to serve until the 2025 annual meeting.. Stockholders will vote to ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal 2024..
Is SkyWater Technology, Inc a risky investment based on this filing?
Based on this DEF 14A, SkyWater Technology, Inc presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, containing standard procedural information with no immediate financial or operational disclosures that would significantly alter risk perception.
What should investors do after reading SkyWater Technology, Inc's DEF 14A?
Stockholders should review the director nominees and the auditor ratification proposal to make informed voting decisions. The overall sentiment from this filing is neutral.
How does SkyWater Technology, Inc compare to its industry peers?
SkyWater Technology operates in the semiconductor manufacturing industry, a sector characterized by high capital investment and technological innovation.
Are there regulatory concerns for SkyWater Technology, Inc?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
Risk Factors
- Proxy Statement Filing [low — regulatory]: The filing is a routine DEF 14A proxy statement, indicating compliance with SEC regulations for annual shareholder meetings.
Industry Context
SkyWater Technology operates in the semiconductor manufacturing industry, a sector characterized by high capital investment and technological innovation.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
What Investors Should Do
- Review the biographies and qualifications of the director nominees.
- Understand the proposal to ratify Deloitte & Touche LLP as the independent auditor.
- Ensure timely voting by the record date of March 25, 2024.
Key Dates
- 2024-05-22: 2024 Annual Meeting of Stockholders — Key date for voting on director elections and auditor ratification.
- 2024-03-25: Record Date — Determines which stockholders are eligible to vote at the meeting.
Year-Over-Year Comparison
This is a DEF 14A filing for the 2024 annual meeting, following previous filings related to the company's operations and financial reporting.
Filing Stats: 4,296 words · 17 min read · ~14 pages · Grade level 11.3 · Accepted 2024-04-10 15:45:48
Key Financial Figures
- $3.0 billion — Mr. Unterseher has completed over $3.0 billion in corporate finance transactions. Prio
Filing Documents
- ny20018380x1_def14a.htm (DEF 14A) — 503KB
- logo_skywater.jpg (GRAPHIC) — 37KB
- ny20018380x1_pc01.jpg (GRAPHIC) — 586KB
- ny20018380x1_pc02.jpg (GRAPHIC) — 525KB
- 0001140361-24-019075.txt ( ) — 2084KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION ​ ​ 16 Summary Compensation Table for Fiscal 2023 ​ ​ 16 Base Salaries ​ ​ 16 Cash Incentive Compensation ​ ​ 17 SkyWater Long-Term Incentive Compensation Plan ​ ​ 17 Equity-Based Awards ​ ​ 18 Executive Severance and Change of Control Plan ​ ​ 18 Outstanding Equity Awards as of December 31, 2023 ​ ​ 19 2021 Equity Incentive Plan ​ ​ 20 Potential Payments Upon Termination or Change in Control ​ ​ 20 Emerging Growth Company Status ​ ​ 21 Other Benefits ​ ​ 21 Equity Grant Policy ​ ​ 21 Stock Ownership Guidelines ​ ​ 22 Compensation Recovery Policy ​ ​ 22 Policy Prohibiting Pledging and Hedging Shares of Stock ​ ​ 22 REPORT OF THE AUDIT COMMITTEE ​ ​ 23 PROPOSAL 2. RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ​ ​ 24 STOCKHOLDER PROPOSALS ​ ​ 25 DELINQUENT SECTION 16(a) REPORTS ​ ​ 25 QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING ​ ​ 26 TABLE OF CONTENTS   SKYWATER TECHNOLOGY, INC.   PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS To Be Held May 22, 2024 This proxy statement is being furnished to stockholders by the Board of Directors (the “Board”) of SkyWater Technology, Inc. (“we”, “our”, “us” or similar terms), beginning on or about April 10, 2024, in connection with a solicitation of proxies by the Board for use at the Annual Meeting of Stockholders to be held in virtual format online at www.virtualshareholdermeeting.com/SKYT2024 on Wednesday, May 22, 2024, at 10:00 a.m. Eastern Time, and all adjournments or postponements thereof (the “