Ingles Markets Files DEF 14A Proxy Statement
Ticker: IMKTA · Form: DEF 14A · Filed: Jan 17, 2025 · CIK: 50493
Sentiment: neutral
Topics: proxy-statement, sec-filing, governance
Related Tickers: IMK
TL;DR
Ingles Markets (IMK) filed its proxy statement, shareholders vote soon.
AI Summary
Ingles Markets, Inc. filed a DEF 14A proxy statement on January 17, 2025, for the fiscal year ending March 3, 2025. The filing indicates no fee was required for this submission. Ingles Markets, Inc. is a grocery store retailer incorporated in North Carolina.
Why It Matters
This filing provides shareholders with important information regarding the company's governance and upcoming shareholder votes, influencing their investment decisions.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new financial performance data or significant corporate actions.
Key Numbers
- 20250117 — Filing Date (The date the DEF 14A proxy statement was filed with the SEC.)
- 20250303 — Report Period End Date (The fiscal period for which the proxy statement is relevant.)
Key Players & Entities
- INGLES MARKETS INC (company) — Registrant
- 0000050493 (company) — Central Index Key
- NC (company) — State of Incorporation
- 28816 (company) — ZIP Code
- 828-669-2941 (company) — Business Phone
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing is a proxy statement filed by a company with the SEC, providing shareholders with information about matters to be voted on at an upcoming shareholder meeting.
When was this DEF 14A filed by Ingles Markets, Inc.?
This DEF 14A filing was made on January 17, 2025.
What is Ingles Markets, Inc.'s primary business?
Ingles Markets, Inc. is identified as a RETAIL-GROCERY STORES business.
What is the fiscal year end for Ingles Markets, Inc.?
The fiscal year end for Ingles Markets, Inc. is September 27.
Was there a filing fee associated with this DEF 14A filing?
No, the filing indicates that no fee was required for this submission.
Filing Stats: 4,777 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2025-01-17 16:59:49
Key Financial Figures
- $0.05 — of the Company's Class A Common Stock, $0.05 par value per share, and Class B Common
- $500,000 — hose annual base salary is in excess of $500,000; and approve all incentive payments t
- $250,000 — and any incentive payments in excess of $250,000, paid in cash or property, in any calen
- $15,000 — idiaries are paid an annual retainer of $15,000 plus $1,250 for each Board or committee
- $1,250 — paid an annual retainer of $15,000 plus $1,250 for each Board or committee meeting the
- $10,000 — e paid an additional annual retainer of $10,000 for service on such committee, and the
Filing Documents
- ny20037304x1_def14a.htm (DEF 14A) — 473KB
- logo_ingles.jpg (GRAPHIC) — 34KB
- ny20037304x1_pvp01.jpg (GRAPHIC) — 147KB
- ny20037304x1_pvp02.jpg (GRAPHIC) — 143KB
- ny20037304x1_pvp03.jpg (GRAPHIC) — 149KB
- ny20037304x1_pvp04.jpg (GRAPHIC) — 101KB
- sig_robertpingleii.jpg (GRAPHIC) — 23KB
- ny20037304x1_pc01.jpg (GRAPHIC) — 506KB
- ny20037304x1_pc02.jpg (GRAPHIC) — 402KB
- ny20037304x1_pc03.jpg (GRAPHIC) — 525KB
- ny20037304x1_pc04.jpg (GRAPHIC) — 402KB
- sig_robertpingleiix1.jpg (GRAPHIC) — 21KB
- 0001140361-25-001412.txt ( ) — 7130KB
- imkta-20250303.xsd (EX-101.SCH) — 2KB
- ny20037304x1_def14a_htm.xml (XML) — 63KB
EXECUTIVE COMPENSATION AND OTHER INFORMATION
EXECUTIVE COMPENSATION AND OTHER INFORMATION 8 Compensation Discussion and Analysis 8 Elements of Executive Compensation 8 Shareholder Vote on Executive Compensation 10 Management of Compensation – Related Risk 10 Audit/Compensation Committee Report on Executive Compensation 10
Executive Compensation Summary
Executive Compensation Summary 11 SUMMARY COMPENSATION TABLE 11 CEO Pay Ratio 12 Pay Versus Performance 13 Proposal for Advisory Vote on Executive Compensation 15
SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS
SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS 16 TRANSACTIONS WITH RELATED PERSONS 18 RELATIONSHIP WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 19 Principal Accountant Fees and Services 19 CORPORATE ENVIRONMENTAL, SOCIAL AND GOVERNANCE RESPONSIBILITY 20 Environmental Stewardship 20 Social Impact 20 Governance 20 SHAREHOLDER PROPOSAL TO INCREASE THE SIZE OF THE BOARD 22 OTHER MATTERS 24 Solicitation of Proxies 24 Shareholders' Proposals for the 2026 Annual Meeting 24 Action on Other Matters at the 2025 Annual Meeting 24 Section 16(a) Beneficial Ownership Reporting Compliance 24 Delinquent Section 16(a) Reports 24 Householding 24 Availability of Form 10-K 25 i TABLE OF CONTENTS INGLES MARKETS, INCORPORATED P. O. BOX 6676 ASHEVILLE, NORTH CAROLINA 28816 ANNUAL SHAREHOLDERS MEETING March 3, 2025 To be held virtually at: www.virtualshareholdermeeting.com/IMKTA2025 PROXY STATEMENT The Board of Directors (the "Board") of Ingles Markets, Incorporated (the "Company", "we", "us", "our" or "Ingles Markets") furnishes you with this Proxy Statement to solicit proxies to be voted at the 2025 Annual Meeting of Shareholders of the Company (the "Annual Meeting"). The Annual Meeting will be held virtually on Monday, March 3, 2025, at 11:00 a.m. Eastern Time, at www.virtualshareholdermeeting.com/IMKTA2025 for the purposes set forth in the Notice of Annual Meeting of Shareholders that accompanies this Proxy Statement. The proxies also may be voted at any adjournments or postponements of the Annual Meeting. Pursuant to rules adopted by the Securities and Exchange Commission (the "SEC"), we have provided access to our proxy materials over the Internet. Accordingly, we are sending a Notice of Internet Availability of Proxy Materials, (the "E-proxy notice"), on or about January 17, 2025, to each holder of record of the Company's Class A Common Stock, $0.05 par value per share ("Class