Symbotic Inc. Files DEF 14A, Details Executive Compensation

Ticker: SYM · Form: DEF 14A · Filed: 2025-01-17T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

Symbotic's DEF 14A is out, showing exec pay details and equity award changes for FY24.

AI Summary

Symbotic Inc. filed a DEF 14A on January 17, 2025, for the fiscal year ending September 28, 2024. The filing details executive compensation and other corporate governance matters. Notably, it references changes in the fair value of outstanding equity awards granted in prior years for the periods ending September 24, 2022, and September 30, 2023.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions on proposals presented at the company's annual meeting.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and corporate governance, not indicating immediate financial distress or significant operational changes.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, including the election of directors and executive compensation.

When is Symbotic Inc.'s fiscal year end?

Symbotic Inc.'s fiscal year ends on September 28.

What specific periods are referenced for changes in equity awards?

The filing references periods ending September 24, 2022, September 30, 2023, and the fiscal year from October 1, 2023, to September 28, 2024.

Has Symbotic Inc. operated under different names previously?

Yes, Symbotic Inc. was formerly known as SVF Investment Corp. 3 and SVF Investment III Corp.

What is the filing date of this DEF 14A?

This DEF 14A filing was made on January 17, 2025.

Filing Stats: 4,865 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2025-01-17 16:12:12

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 23 DIRECTOR COMPENSATION 44 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 46 PRINCIPAL STOCKHOLDERS 53 REPORT OF THE AUDIT COMMITTEE 56 HOUSEHOLDING 57 STOCKHOLDER PROPOSALS 58 OTHER MATTERS 59 i SYMBOTIC INC. 200 Research Drive Wilmington, Massachusetts 01887 PROX Y STATEMENT FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS To Be Held On Thursday, March 6, 2025 This proxy statement contains information about the 2025 Annual Meeting of Stockholders (the "Annual Meeting") of Symbotic Inc., which will be held on March 6, 2025 at 10:00 a.m. Eastern Time. The Annual Meeting will be held virtually via live webcast. You will be able to attend the Annual Meeting as well as vote and submit your questions during the live webcast of the meeting by visiting www.proxydocs.com/SYM and entering the control number included in our Notice of Availability, on your proxy card or in the instructions that accompanied your proxy materials. On June 7, 2022, our predecessor company, Warehouse Technologies LLC ("Warehouse"), consummated a merger (the "Business Combination") with SVF Investment Corp. 3 ("SVF 3"), a special-purpose acquisition company, pursuant to a Merger Agreement (the "Merger Agreement"), dated as of December 12, 2021, among SVF 3, Warehouse, Symbotic Holdings LLC ("Symbotic Holdings") and Saturn Acquisition (DE) Corp., a wholly-owned subsidiary of SVF 3. At the closing of the Business Combination (the "Closing"), SVF 3 changed its name to Symbotic Inc. In this proxy statement, the terms "Symbotic," "the Company," "we," "us," and "our" refer to Symbotic Inc. as it currently exists following the Closing and to Warehouse as it existed prior to the Closing. The mailing address of our principal executive office is Symbotic Inc., 200 Research Drive, Wilmington, Massachusetts 01887. All properly submitted proxies will be voted in accordance with the instructions contained in those proxies. If no instructi

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