AeroVironment Files Definitive Proxy Statement

Ticker: AVAV · Form: DEF 14A · Filed: Aug 12, 2024

Sentiment: neutral

Topics: proxy-statement, regulatory-filing, annual-meeting

Related Tickers: AVNT

TL;DR

AVNT proxy statement filed. Shareholders vote soon.

AI Summary

AeroVironment Inc. filed its definitive proxy statement (DEF 14A) on August 12, 2024, for its fiscal year ending April 30, 2024. The filing concerns the solicitation of proxies for its annual meeting of stockholders. The company is incorporated in Delaware and its principal business address is in Arlington, VA.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda for the annual meeting, including voting matters and executive compensation, allowing them to make informed decisions.

Risk Assessment

Risk Level: low — A DEF 14A filing is a standard regulatory document for public companies and does not inherently represent new financial risk.

Key Numbers

20240812 — Filing Date (Date the DEF 14A was submitted to the SEC.)
20240927 — Fiscal Year End (The reporting period for which this proxy statement is relevant.)

Key Players & Entities

AeroVironment Inc. (company) — Registrant
0001104659-24-088332 (filing_id) — Accession Number
20240812 (date) — Filing Date
20240927 (date) — Conformed Period of Report
0001368622 (cik) — Central Index Key

FAQ

What is the purpose of a DEF 14A filing?

A DEF 14A filing, or definitive proxy statement, is used by companies to solicit proxies from shareholders for an upcoming meeting, detailing matters to be voted upon.

When was this proxy statement filed by AeroVironment Inc.?

AeroVironment Inc. filed this definitive proxy statement on August 12, 2024.

What is the fiscal year end for AeroVironment Inc. relevant to this filing?

The conformed period of report for this filing is September 27, 2024, with a fiscal year end of April 30.

Where is AeroVironment Inc. headquartered?

AeroVironment Inc.'s business and mailing address is listed as 241 18th Street South, Suite 415, Arlington, VA 22202.

Is this a preliminary or definitive proxy statement?

This is a definitive proxy statement, indicated by the checkmark next to 'Definitive Proxy Statement' in the filing.

Filing Stats: 4,544 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2024-08-12 16:00:46

Key Financial Figures

$500 million — y for our Switchblades to produce up to $500 million in annual revenue by the end of fiscal
$1 billion — the end of fiscal year 2025, and up to $1 billion in annual revenue by fiscal year end 20

Filing Documents

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0001104659-24-088332.txt ( ) — 5928KB
avav-20240430.xsd (EX-101.SCH) — 10KB
avav-20240430_def.xml (EX-101.DEF) — 8KB
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EXECUTIVE COMPENSATION AND OTHER INFORMATION

EXECUTIVE COMPENSATION AND OTHER INFORMATION 44 Compensation Committee Report 44 Compensation Discussion and Analysis 44

Executive Compensation Tables

Executive Compensation Tables 59 Pay Versus Performance 69 AUDIT MATTERS 73 Audit Committee Report 73 Proposal 2 —Ratification of Selection of Deloitte & Touche LLP as Our Independent Registered Public Accounting Firm 74 Proposal 3 —Non-Binding Advisory Vote on the Compensation of our Named Executive Officers 76 Proposal 4 —Management Proposal To Amend The Company's Amended And Restated Certificate Of Incorporation To Declassify the Board and Provide For Annual Election Of All Directors 78 Proposal 5 —Management Proposal To Amend The Company's Amended And Restated Certificate Of Incorporation To Provide For Officer Exculpation 80 QUESTIONS AND ANSWERS ABOUT ANNUAL MEETING AND VOTING 82 Note About Forward-Looking Statements Certain statements in this Proxy Statement may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "believe," "anticipate," "expect," "estimate," "intend," "project," "plan," or words or phrases with similar meaning. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our ability to successfully close and integrate acquisitions into our operations and avoid disruptions from acquisition transactions that will harm our business; the recording of goodwill and other intangible assets as part of acquisitions that are sub

Executive compensation driven by pay-for-performance philosophy

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