Kingstone Companies Inc. Files Definitive Proxy Statement
Ticker: KINS · Form: DEF 14A · Filed: Jun 27, 2024 · CIK: 33992
Sentiment: neutral
Topics: proxy-statement, annual-meeting, sec-filing
Related Tickers: KINS
TL;DR
Kingstone Companies (KINS) filed its DEF 14A. Annual meeting Aug 7. Vote your shares!
AI Summary
Kingstone Companies, Inc. filed a definitive proxy statement (DEF 14A) on June 27, 2024, for its annual meeting scheduled for August 7, 2024. The filing provides information to shareholders regarding the company's operations and upcoming votes. Kingstone Companies, Inc. is in the fire, marine, and casualty insurance industry.
Why It Matters
This filing is crucial for shareholders as it outlines the agenda and proposals for the upcoming annual meeting, allowing them to make informed voting decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new financial information or material events.
Key Players & Entities
- KINGSTONE COMPANIES, INC. (company) — Registrant
- 20240627 (date) — Filing Date
- 20240807 (date) — Annual Meeting Date
- 15 JOYS LANE (address) — Company Business Address
- KINGSTON (city) — Company Business City
- NY (state) — Company Business State
- 12401 (zip_code) — Company Business Zip Code
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing is a definitive proxy statement required by the SEC for companies to solicit shareholder votes for their annual or special meetings.
When is the scheduled date for Kingstone Companies, Inc.'s annual meeting?
The annual meeting for Kingstone Companies, Inc. is scheduled for August 7, 2024.
What industry does Kingstone Companies, Inc. operate in?
Kingstone Companies, Inc. operates in the FIRE, MARINE & CASUALTY INSURANCE industry, with SIC code 6331.
What is the filing date of this proxy statement?
This definitive proxy statement was filed on June 27, 2024.
Has Kingstone Companies, Inc. undergone any previous name changes?
Yes, the company was formerly known as DCAP GROUP INC (name change on 20050210 and 19990702) and EXTECH CORP (name change on 19920703).
Filing Stats: 4,865 words · 19 min read · ~16 pages · Grade level 12.7 · Accepted 2024-06-27 16:44:36
Key Financial Figures
- $13,200 — under our defined contribution plan of $13,200 and a car allowance of $12,000. (6) R
- $12,000 — plan of $13,200 and a car allowance of $12,000. (6) Represents employer matching con
- $12,200 — under our defined contribution plan of $12,200 and a car allowance of $12,000. (7) R
- $9,000 — plan of $13,200 and a car allowance of $9,000. (8) Represents employer matching con
- $100 — on-CEO NEOs(5) Value of Initial Fixed $100 Investment Based On Total Stockholde
- $661,710 — ompensation Actually Paid to CEO 2023 $661,710 $136,500 $240,978 $766,188 2022 -
- $136,500 — n Actually Paid to CEO 2023 $661,710 $136,500 $240,978 $766,188 2022 - - - -
- $240,978 — Paid to CEO 2023 $661,710 $136,500 $240,978 $766,188 2022 - - - - 2021 - -
- $766,188 — EO 2023 $661,710 $136,500 $240,978 $766,188 2022 - - - - 2021 - - - - 5
- $472,200 — ompensation Actually Paid to CEO 2023 $472,200 $- $143,591 $615,791 2022 $660,700
- $143,591 — tually Paid to CEO 2023 $472,200 $- $143,591 $615,791 2022 $660,700 $136,500 $(
- $615,791 — d to CEO 2023 $472,200 $- $143,591 $615,791 2022 $660,700 $136,500 $(588,500)
- $660,700 — $472,200 $- $143,591 $615,791 2022 $660,700 $136,500 $(588,500) $(64,300) 2021
- $1,921,435 — $136,500 $(588,500) $(64,300) 2021 $1,921,435 $1,386,500 $1,066,762 $1,601,697 __
- $1,386,500 — (588,500) $(64,300) 2021 $1,921,435 $1,386,500 $1,066,762 $1,601,697 _________ (a)
Filing Documents
- def14a.htm (DEF 14A) — 439KB
- kinsproxycard_1.jpg (GRAPHIC) — 649KB
- kinsproxycard_2.jpg (GRAPHIC) — 559KB
- 0001021771-24-000152.txt ( ) — 2103KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION Summary Compensation Table The following table sets forth certain information concerning the compensation for the fiscal years ended December 31, 2023 and 2022 for certain executive officers, including our Chief Executive Officer (collectively, the "Named Executive Officers"): Name and Principal Position Year Salary Bonus Stock Awards(1) Option Awards(1) Non-Equity Incentive Plan Compensation All Other Compensation Total Meryl S. Golden 2023 $ 500,000 $ - $ 136,500 (2) $ - $ - $ 25,200 (5) $ 661,700 Chief Executive Officer and President 2022 $ 500,000 $ - $ 150,000 (3) $ - $ - $ 24,200 (6) $ 674,200 Barry B. Goldstein 2023 $ 450,000 $ - $ - $ - $ - $ 22,200 (7) $ 472,200 Executive Chairman of the Board; formerly Chief Executive Officer 2022 $ 500,000 $ - $ 136,500 (4) $ - $ - $ 24,200 (8) $ 660,700 Sarah (Minlei) Chen 2023 $ 347,750 $ - $ - $ - $ - $ 7,588 (9) $ 355,338 Chief Actuary; Senior Vice President, Kingstone Insurance Company 2022 $ 306,620 $ - $ - $ - $ - $ 6,994 (9) $ 313,614 _________ (1) Amounts reflect the aggregate grant date fair value of grants made in each respective fiscal year computed in accordance with stock-based accounting rules (FASB ASC Topic 718-Stock Compensation), excluding the effect of estimated forfeitures. Assumptions used in the calculations of these amounts are included in Note 12 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, available electronically to our stockholders. (2) In January 2023, Ms. Golden was granted 101,111 shares of restricted common stock under our Amended and Restated 2014 Equity Participation Plan (the "2014 Plan"). Such grant vested to the extent of 50,556 shares on the first anniversary of the date of grant and vests to the extent of 50,555 shares on the second anniversary of th