Envela Corp
For the period ended Jun 25, 2025. Filed Apr 30, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 25, 2025 · Filed Apr 30, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant☒
Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material Pursuant to §240.14a-12 |
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| | Envela Corporation | |
| | (Name of Registrant as Specified in its Charter) | |
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| | (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) | |
Payment of Filing Fee (Check the appropriate box):
☒ No fee required.
☐ Fee paid previously with preliminary materials.
☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
The 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) of Envela Corporation (the “Company”, “we,” “us,” and “Envela”), a Nevada corporation, will be held at 2:00 p.m., Central Time, on Wednesday, June 25, 2025, at our corporate office, 1901 Gateway Drive, Irving, Texas 75038, for the following purposes:
| 1. | To elect six directors to serve until the next annual meeting of stockholders and until their respective successors shall have been duly elected and qualified. |
| 2. | To approve the ratification of Whitley Penn, LLP (“Whitley Penn”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. |
| 3. | To approve, by non-binding advisory vote, the resolution approving named executive officer compensation (“Say on Pay Vote”). |
| 4. | To approve, by non-binding advisory vote, the frequency of future non-binding advisory votes on resolutions approving future named executive officer compensation (“Say When on Pay Vote”). |
| 5. | To approve the 2025 Equity Incentive Plan (the “2025 Plan”). |
| 6. | To approve the adjournment of the 2025 Annual Meeting, if necessary, to solicit additional proxies in favor of the Board of Directors’ (the “Board of Directors” or “Board”) recommended actions with respect to proposals one through five. |
These items of business are more fully described in the proxy statement accompanying this notice.
Our Board of Directors unanimously recommends that you vote: (i) FOR the directors nominated; (ii) FOR the ratification of Whitley Penn; (iii) FOR, by non-binding vote, the resolution approving named executive officer compensation (“Say on Pay Vote”); (iv) FOR, by non-binding advisory vote, the frequency on future non-binding advisory votes on resolutions approving future named executive officer compensation (“Say When on Pay Vote”); and (v) FOR, the 2025 Plan.
Only holders of record of our Common Stock as of the close of business on May 13, 2025, are entitled to notice of, and to vote at our 2025 Annual Meeting and any adjournment(s) thereof. Our transfer books will not be closed.
You are cordially invited to attend the 2025 Annual Meeting. Whether or not you plan to attend the 2025 Annual Meeting and regardless of the number of shares you own, please register your vote by appointing a proxy electronically by internet or by telephone in accordance with the instructions on the enclosed proxy card, or alternatively, vote, sign, date and return in the accompanying self-addressed envelope provided the enclosed proxy card as soon as possible. If you attend the 2025 Annual Meeting, you may vote your shares “in person”, even though you have previously signed and returned your proxy card.
| By Order of the Board of Directors, | |
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| /s/ John R. Loftus | |
| John R. Loftus | |
| Chairman of the Board, Chief Executive Officer, and President | |
Dallas, Texas
April 30, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.