Byrna Technologies Files Proxy Statement
Ticker: BYRN · Form: DEF 14A · Filed: 2024-10-21T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, governance, annual-meeting
TL;DR
Byrna proxy filed - shareholders vote on directors & auditors soon.
AI Summary
Byrna Technologies Inc. filed a definitive proxy statement (DEF 14A) on October 21, 2024, for its annual meeting of stockholders. The filing outlines the proposals to be voted on, including the election of directors and the ratification of the appointment of its independent registered public accounting firm. The company's fiscal year ends on November 30.
Why It Matters
This filing is crucial for shareholders as it details the agenda for the annual meeting and the company's governance, allowing them to make informed voting decisions.
Risk Assessment
Risk Level: low — This is a routine proxy filing for an annual meeting and does not contain new financial or strategic information that would inherently increase risk.
Key Players & Entities
- Byrna Technologies Inc. (company) — Registrant
- Security Devices International Inc. (company) — Former company name
FAQ
What is the purpose of this DEF 14A filing?
The purpose of this DEF 14A filing is to provide shareholders with information regarding the annual meeting of stockholders and the matters to be voted upon, including the election of directors and the ratification of the appointment of the independent registered public accounting firm.
When is the company's fiscal year end?
The company's fiscal year ends on November 30.
What is the filing date of this proxy statement?
This definitive proxy statement was filed on October 21, 2024.
What was the former name of Byrna Technologies Inc.?
The former name of Byrna Technologies Inc. was Security Devices International Inc., with a date of name change on March 1, 2006.
Where is Byrna Technologies Inc. located?
Byrna Technologies Inc. is located at 100 Burtt Road, Suite 115, Andover, MA 01810.
Filing Stats: 4,745 words · 19 min read · ~16 pages · Grade level 14.4 · Accepted 2024-10-21 16:36:16
Key Financial Figures
- $20 million — ter, generating record revenues of over $20 million in each of the Company's most recent tw
- $60 million — revenues through August 2024 of nearly $60 million. Delivered 12-month Total Shareholder
- $1 million — tore model with a run rate of more than $1 million per year at a 65% gross profit margin a
- $10 million — y carry the Byrna launcher. Approved a $10 million stock repurchase program and returned v
- $3 million — gh repurchases to date of approximately $3 million of our stock. Scaled up production thr
Filing Documents
- byrn20241017_def14a.htm (DEF 14A) — 1018KB
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- bproxy01.jpg (GRAPHIC) — 158KB
- bproxy02.jpg (GRAPHIC) — 135KB
- byrn20241017_def14aimg001.jpg (GRAPHIC) — 30KB
- byrn20241017_def14aimg002.jpg (GRAPHIC) — 4KB
- byrn20241017_def14aimg003.jpg (GRAPHIC) — 4KB
- c1.jpg (GRAPHIC) — 28KB
- d01.jpg (GRAPHIC) — 17KB
- d02.jpg (GRAPHIC) — 17KB
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- d05.jpg (GRAPHIC) — 16KB
- g01.jpg (GRAPHIC) — 48KB
- g02.jpg (GRAPHIC) — 65KB
- 0001437749-24-031653.txt ( ) — 1805KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 25 EQUITY COMPENSATION PLAN INFORMATION 46 DIRECTOR COMPENSATION 47
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 48 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 50 PRINCIPAL ACCOUNTING FEES AND SERVICES 53 PROPOSAL 2: RATIFICATION OF ENGAGEMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 54 PROPOSAL 3: AMENDMENT TO AMENDED AND RESTATED 2020 EQUITY INCENTIVE PLAN 55 PROPOSAL 4: NON-BINDING RATIFICATION OF EXECUTIVE COMPENSATION 63 HOUSEHOLDING OF PROXY MATERIALS 64 STOCKHOLDER PROPOSALS 64 OTHER MATTERS 65 ANNEX A: AMENDED AND RESTATED 2020 EQUITY INCENTIVE PLAN, AS AMENDED A-1 iv Table of Contents 2024 PROXY SUMMARY 2024 PROXY SUMMARY This summary highlights selected information contained in this Proxy Statement. Please review the entire Proxy Statement and our 2023 Annual Report before voting your shares. ANNUAL MEETING OF STOCKHOLDERS Time and Date: 10:00 a.m., Eastern Time, Wednesday, November 20, 2024 Meeting Location: Offices of Byrna Technologies Inc. 100 Burtt Rd., Suite 115, Andover, MA 01810 Record Date: October 14, 2024 Voting: Stockholders as of the Record Date are entitled to vote. Each share of common stock is entitled to vote for each director nominee and one vote for each of the other proposals to be voted on. ANNUAL MEETING AGENDA Proposal Board Recommendation More Information 1. Election of the five directors named in this Proxy Statement FOR EACH NOMINEE Page 8 2 . Ratification of the appointment of EisnerAmper LLP as the Company's independent registered public accountants for the fiscal year ending November 30, 2024 FOR Page 54 3. Approval of an amendment to the Byrna Technologies Inc. Amended and Restated 2020 Equity Incentive Plan to increase the number of shares available for issuance thereunder by 2,375,000 shares and to prohibit the payment or accrual of dividends on unvested or unexercised stock options, stock appreciation rights and stock bonus awards FOR Page 55 4. Approval, by non-binding vote,