Ennis, Inc. DEF 14A: Executive Comp & Awards

Ticker: EBF · Form: DEF 14A · Filed: Jun 3, 2024 · CIK: 33002

Sentiment: neutral

Topics: executive-compensation, shareholder-meeting, awards

TL;DR

Ennis Inc. DEF 14A out: Executive pay details & award values for FY24.

AI Summary

Ennis, Inc. filed its DEF 14A on June 3, 2024, detailing executive compensation and company performance for the fiscal year ending February 28, 2024. The filing includes information on the fair value of awards granted to PEO and Non-PEO members, as well as dividends paid on unvested awards for various fiscal years, including 2022 and 2023.

Why It Matters

This filing provides insight into how Ennis, Inc. compensates its top executives and the value of awards granted, which can influence investor decisions and perceptions of management.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive compensation and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

Key Players & Entities

FAQ

What is the fair value of awards granted to PEO members that were unvested at the end of the fiscal year ending February 28, 2023?

The fair value of awards granted to PEO members that were unvested at the end of the fiscal year ending February 28, 2023, is not explicitly stated as a single dollar amount in the provided snippet, but data points for related periods are present.

What was the fair value of awards forfeited by PEO members during the fiscal year ending February 29, 2024?

The filing indicates data for 'PriorYearEndFairValueOfAnyAwardsForfeitedDuringCurrentYearMember' for the period 2023-03-01 to 2024-02-29, but the specific dollar amount is not provided in the snippet.

How much in dividends were paid on unvested awards for Non-PEO members during the fiscal year ending February 28, 2022?

The filing includes 'DividendsPaidInFyOnUnvestedAwardsMember' for Non-PEO members for the period 2021-03-01 to 2022-02-28, but the specific dollar amount is not detailed in the provided text.

What is the fair value of awards granted to Non-PEO members that were unvested at the end of the fiscal year ending February 29, 2024?

The filing references 'YearEndFairValueOfAwardsGrantedInCurrentYearUnvestedAtYearEndMember' for Non-PEO members for the period 2023-03-01 to 2024-02-29, but the specific dollar amount is not present in the snippet.

What was the pension value and service cost for PEO members during the fiscal year ending February 28, 2022?

The filing includes 'PensionValueServiceCostMember' for PEO members for the period 2021-03-01 to 2022-02-28, but the specific dollar amount is not provided in the snippet.

Filing Stats: 4,819 words · 19 min read · ~16 pages · Grade level 13.5 · Accepted 2024-06-03 12:45:06

Filing Documents

SECURITY OWNERSHIP

SECURITY OWNERSHIP 27

Security Ownership of the Board of Directors and Executive Officers

Security Ownership of the Board of Directors and Executive Officers 27

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 28 AUDIT-RELATED MATTERS 29 Audit Committee Report 29 Policy Regarding Pre-Approval of Services Provided by the Independent Auditors 30 Change in Independent Registered Public Accounting Firm 30 Independent Auditor's Services and Fees 30 DIRECTOR COMPENSATION 32 Cash Compensation 32 Equity Ownership Policy for Non-employee Directors 32 Equity Compensation 32

EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS

EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS 34 Compensation Committee Report 44 Summary Compensation Table 45 Grants of Plan-Based Awards 46 Outstanding Equity Awards at Fiscal Year End 47 Option Exercises and Stock Vested 47 Pension Benefits 48 Nonqualified Contribution and Deferred Compensation in Last Fiscal Year 48 Potential Payments upon Termination or Change in Control 48 CEO PAY RATIO 51 PAY VERSUS PERFORMANCE 51 SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLAN 53 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 53 DELINQUENT SECTION 16(a) REPORTS 54 OTHER MATTERS 54 QUESTIONS AND AN SWERS REGARDING THE PROXY STATEMENT AND ANNUAL MEETING When and where is the Annual Meeting? The Annual Meeting of Shareholders of Ennis, Inc. ("Ennis," the "Company") will be held on Thursday, July 18, 2024, at 10:00 a.m. local time at the Midlothian Conference Center located at One Community Circle, Midlothian, Texas 76065 (the "Annual Meeting"). You are invited to attend the Annual Meeting and are requested to vote on the proposals described in this proxy statement (the "Proxy Statement"). Why did I receive a notice in the mail regarding the internet availability of proxy materials instead of a full set of proxy materials? Pursuant to rules adopted by the U.S. Securities and Exchange Commission (the "SEC"), Ennis has elected to provide access to its Proxy Statement and Annual Report, which we refer to as the proxy materials, over the internet or, upon your request, has delivered printed versions of the proxy materials to you by mail. The proxy materials are being provided in connection with Ennis's solicitation of proxies for use at the Annual Meeting or at any adjournment or postponement thereof. Accordingly, the Company sent a Notice of Internet Availability of Proxy Materials (the "Notice") on or about June 6, 2024 to its shareholders entitled to receive notice of

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