Lindsay Corp. DEF 14A: Executive Compensation Details
Ticker: LNN · Form: DEF 14A · Filed: Nov 20, 2024 · CIK: 836157
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
TL;DR
Lindsay Corp DEF 14A out: exec comp details for FY ending Aug 31, 2024. Look at stock awards & options.
AI Summary
Lindsay Corp. filed its DEF 14A on November 20, 2024, detailing executive compensation for the fiscal year ending August 31, 2024. The filing includes information on stock awards, options, and changes in fair value for awards granted to executives like Mr. Wood. Specific dollar amounts for these awards are detailed within the compensation tables.
Why It Matters
This filing provides transparency into how Lindsay Corp. compensates its top executives, which can influence investor decisions and perceptions of corporate governance.
Risk Assessment
Risk Level: medium — DEF 14A filings, while routine, can reveal information about executive compensation and corporate governance that may impact stock valuation.
Key Numbers
- 2024-08-31 — Fiscal Year End (Reporting period for executive compensation.)
- 20241120 — Filing Date (Date the DEF 14A was submitted to the SEC.)
Key Players & Entities
- LINDSAY CORP (company) — Filer
- Mr. Wood (person) — Executive
- 20250108 (date) — Fiscal Year End
- 20241120 (date) — Filing Date
FAQ
What is the primary purpose of this DEF 14A filing for Lindsay Corp.?
The primary purpose is to provide detailed information regarding the solicitation of proxies for the company's annual meeting of shareholders, including executive compensation, director nominations, and other corporate governance matters.
What fiscal year does the compensation information in this filing primarily cover?
The compensation information primarily covers the fiscal year ending August 31, 2024.
Who is mentioned in relation to specific compensation elements like stock awards?
Mr. Wood is mentioned in relation to specific compensation elements such as stock awards and options.
What is Lindsay Corp.'s Standard Industrial Classification code?
Lindsay Corp.'s Standard Industrial Classification code is 3523, which corresponds to FARM MACHINERY & EQUIPMENT.
When was Lindsay Corp. incorporated?
Lindsay Corp. was incorporated in Delaware (DE).
Filing Stats: 4,507 words · 18 min read · ~15 pages · Grade level 13.7 · Accepted 2024-11-20 16:29:09
Key Financial Figures
- $100 million — d scheduling technology, valued at over $100 million in revenue, is the largest project in t
- $5 m — frastructure revenues increased by over $5 million, or 6%, compared to fiscal 2023.
- $50 million — Company announced plans to invest over $50 million to modernize and expand its largest glo
- $1.44 — tting to a new annual indicated rate of $1.44 per share of common stock. The Company
- $22.5 million — common stock. The Company also executed $22.5 million in opportunistic share repurchases. The
Filing Documents
- d888630ddef14a.htm (DEF 14A) — 1296KB
- g888630g16v14.jpg (GRAPHIC) — 3KB
- g888630g24k24.jpg (GRAPHIC) — 88KB
- g888630g35e69.jpg (GRAPHIC) — 29KB
- g888630g45f65.jpg (GRAPHIC) — 25KB
- g888630g61t35.jpg (GRAPHIC) — 13KB
- g888630g75m22.jpg (GRAPHIC) — 11KB
- g888630g82t56.jpg (GRAPHIC) — 26KB
- g888630g89a01.jpg (GRAPHIC) — 108KB
- g888630g89a02.jpg (GRAPHIC) — 100KB
- g888630g89a03.jpg (GRAPHIC) — 101KB
- 0001193125-24-262552.txt ( ) — 3450KB
- lnn-20240831.xsd (EX-101.SCH) — 5KB
- lnn-20240831_def.xml (EX-101.DEF) — 5KB
- lnn-20240831_lab.xml (EX-101.LAB) — 6KB
- lnn-20240831_pre.xml (EX-101.PRE) — 4KB
- d888630ddef14a_htm.xml (XML) — 328KB
Executive Compensation
Executive Compensation 27 Pay Versus Performance 32 Compensation of Directors 35 Compensation Committee Interlocks and Insider Participation 37 Report of the Audit Committee 37 PROPOSAL 2 APPROVAL OF LINDSAY CORPORATION 2025 LONG-TERM INCENTIVE PLAN 38 PROPOSAL 3 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 45 PROPOSAL 4 ADVISORY VOTE ON EXECUTIVE COMPENSATION 46 Submission of Stockholder Proposals 47 Other Matters 50 APPENDIX A – LINDSAY CORPORATION 2025 LONG-TERM INCENTIVE PLAN A-1 PROXY STATEMENT SUMMARY Proxy Statement Summary This Proxy Statement Summary is furnished to assist in your review of the matters to be acted upon at the Annual Meeting of Stockholders. The following information is only a summary, and you should read the entire Proxy Statement before voting. For more complete information on these topics, please review the Company's Annual Report on Form 10-K for the fiscal year ended August 31, 2024 and this Proxy Statement. Voting Items Board Recommendation Page Proposal 1 – Election of three (3) directors FOR all nominees 3 Proposal 2 – Approval of the Lindsay Corporation 2025 Long-Term Incentive Plan FOR 38 Proposal 3 – Ratification of appointment of independent registered public accounting firm for fiscal 2025 FOR 45 Proposal 4 – Advisory vote on executive compensation FOR 46 Virtual Annual Meeting Again this year, the Company will be conducting a virtual Annual Meeting of Stockholders via a live webcast. The Company has been pleased with its use of this technology for recent Annual Meetings and continues to believe that hosting a virtual Annual Meeting enables increased stockholder attendance and participation while reducing the costs of holding the Annual Meeting. You will be able to attend the Annual Meeting online, vote your shares electronically, and submit your questions during the meeting by visiting http://www.virtualshareholdermee